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It’s been a great start to the year so far for SeaDEX! We have been closely focusing on communication and taking all of the suggestions into consideration, resulting in what we will share in this article.
Other than “SeaSquad,” as officially stated to be the “call-of-love” to the SeaDEX community, we are close to finishing the migration process from $IDDX to $SEAX. The migration process has received a significant amount of positive feedback, and we work on personal support to help those who find difficulty in migration. To those who have not swapped their IDDX yet, please do it asap before the site goes private in the next 2hours (12 PM UTC). Find more information about the swap here.
What and Why SeaDEX.
SeaDEX is a decentralized exchange (DEX) on Binance Smart Chain focused on revolutionizing the Southeast Asian cryptocurrency market.
Users are incentivized to pool liquidity on SeaDEX through yield farming to earn the native currency, $SEAX. Additionally, users can use their earned $SEAX to stake and earn other tokens and unlock exclusive features. We have a dedicated team with years of experience committed to the DeFi community and ready to revolutionize the Southeast Asia market with the newly onboarded SEA team in the future.
What do we mean by revolutionizing? The practice of colonialism occurred in various industries. The form is often invisible, pseudo. Without exception, the industry that many consider a revolution has become a source of exploitation, which is cryptocurrency — a revolt against the traditional financial system. The loss of a party’s central role and control makes crypto revolutionary. Without it, it’s just a rebranded modern colonialism.
Sadly in practice, a centralized application such as CEX is still the primary choice for users to sell and to buy crypto assets, specifically in Indonesia with more than 6.5 million users. 6.5 million users with the potential to experience hacking, impartiality policies, and practices that are detrimental to them. This is the base of our realization of how vital a decentralized platform is to give complete control to the user. The huge volume and the gaps of knowledge we see coming from the Southeast Asian growing crypto market is what SeaDEX focuses on. To read more about the targeted market research, click here.
Tokenomics
Ticker: $SEAX
Token Standard: BEP20
Type of Token: Utility Token
Total Token: 270,000,000
IDO Price: $0,00635
Listing Price: $0,009
Contract address: 0xaC2b250C1618DAF5fa87E614E87200456E2f7BCf
Allocation Distribution
The public had a 35% allocation from GPOOL’s IDO that was distributed as follows:
- Vesting Schedule: 3 Months — 33.3% TGE, 33.3% on December 22nd, 2022, and 33.3% on January 22nd, 2022 (COMPLETED)
- Marketing and community incentives will receive 25% allocation, where 15% will go to marketing and 10% to community incentives. This allocation has been 15% locked, you can check it here, and 10% is still unlocked for the marketing activities and incentivizes the community.
- There’s also a treasury of 10% for buyback, bounty rewards, and other platform development activities, including DAO. Last, the team and advisor will receive allocations of 5% each. 8.18345% of treasury and allocations for team and advisor will be locked.
Roadmap
SeaDEX platform is officially SAFU with the audit from DeFi Yield finished. With the acknowledgment that the platform is safe to use & the finalization of the testing phase, SeaDEX will be deployed precisely today, on February 15th, at 2 PM UTC (10 PM HKT). The first feature available to be used is the swap feature. In addition to our efforts to optimize the UI/UX of the SeaDEX application in the future and reach the new crypto audience, we will share a demo or “how-to” guide so that anyone can learn to use the SeaDEX benefit from it. The manual will be launched shortly after the launch of the application.
We can finally share a roadmap that will serve as a reference point for SeaDEX achievements in the future. With lots of things done in the previous months, what is coming today is the exchange feature launch on the V.1 app.
Why are the Yield Farming and Staking Pools not included? There are some bugs to fix on the trade and add liquidity feature as we are testing. And with this, we decided to make the feature live one by one once it’s free from bugs.
What is coming next is the CMC and CG update. To make the update visible in the previous link, $SEAX needs to be publicly traded and circulated on the exchange platform. We will update and follow up the CG and CMC team soon as the SeaDEX app and the $SEAX token go live also with all existing socials and links to the SeaDEX today.
Regional team expansion. We continue to search for potential team members to fill in the role of regional community manager in each SEA country — one step at a time, starting with the language support on all SeaDEX existing platforms. If you are interested in this role and is a good amount of experience in the industry, drop us mail: halo@seadex.finance.
The rest of Q1 which will end in 45 days, will not disappoint you.
SeaDEX Launch
February 15th is our official first product launch. This is one of the most significant first milestones of SeaDEX and its future ahead. Our liquidity has been locked at Unicrypt, and there’s nothing much we can do about it.
We will simultaneously be removing the liquidity. Once the swap goes off, we will take a snapshot of the current price, which we will set for the SEAX BNB pair. Holders that have not swapped yet will be able to do it on a case-by-case basis by reaching out to our admins. We are discontinuing the IDDX x SEAX swap platform to avoid any arbitrage opportunity that might take place to safeguard the investments of the majority of our community.
Thank you for the continues support, SeaSquad!!
