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Welcome to the first SeaDEX Newsletter! In this article, there will be a recap of our January achievements and a sneak peek at what is on the plate for February. Let’s get started, SeaSquad.
January Recap
Technology
Most of our development preparing for the SeaDEX launch along with the swapping mechanism has been finalized. Along with the security update progress, everything went smooth!
In the past couple of years, there have been many cases where several blockchain and crypto projects suffered brutal cyber attacks. One of which, “Approximately $323M in ETH was stolen from the cross-chain protocol Wormhole.” — The Block, February 3rd, 2022.
Although the blockchain system addresses protecting the integrity of data, it doesn’t imply that the applications running on it are immune to attacks. This is why a security audit is an important step a project must not skip. And by this, we would like to announce that SeaDEX has finally passed the review from DeFi Yield.
Marketing & Community
January has been a great month for the community. We have been distributing all the tokens to holders and competition winners as promised on $IDDX. As for marketing, we were focusing on project awareness and currently still targeting the Indonesia region. We also work on and ramped up our communication by announcing weekly threads updates and a monthly newsletter to give further details and announcing big updates.
Being anonymous in a project can sometimes bring us troubles in communicating specifically with the Indonesian community where there are a lot of local projects doing rug-pulls and scams. We want to minimize this worry by trying to be as communicative and as transparent as much possible by giving real-time updates. We are also very open with feedback and discussion which you guys can always share publicly on the community or privately to the SeaDEX Team.
February Sneak Peek
With a lot of things happening during the early year of 2022, February will be the month of “going out there” and show what we have been done during last month.
$IDDX Token Swap to $SEAX
Earlier we gave hints about the arbitrage trading opportunity. This can be gained during the swapping process as even though the ratio will be 1:1, the price of SEAX will be slightly different, $IDDX and $SEAX.
Surprise surprise, you can already do the swapping tonight. 9 PM HKT. Please set an alarm so you don’t miss the opportunity to swap (and load up now!). An article on how to swap will be shared in the next few hours.
SeaDEX App Launch and Community Updates
SeaDEX app launch is coming this month exactly next week, February 14th, 2022. The SeaDEX app will include trade, farm, and pools features. More information will be provided when ready.
In the next few days, we will be reposting project details with upgraded information and design such as tokenomics and project core team introductions. This month the communication will still be focusing on the Indonesia region for project awareness and growing the Indonesia community. On the back of the kitchen, the team is in search of regional SEA key people to contribute to the regional community spread. Things are moving forward!
Dear SeaSquad, thank you for your continued support of SeaDEX!
