SeaDEX New Roadmap Update
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Entering the last month of Q2 2022, we want to share our updated Roadmap to make our objectives more transparent. We have been proven to hedge all doubts and rumours in the current red market and focus on delivering. With the recent launch of SeaDEX Pool, Farm, and Info as our milestone, we have exciting news and directions to inform through this Roadmap! Enjoy the ride!
✅ Partnership with Indonesia crypto communities
✅ IDO (Initial DEX Offering)
✅ DEX Listings
✅ Rebranding from IDDX: SEAX
✅ Token & Reward Distribution
✅ Security Audit with DeFi Yield
✅ Migration IDDX: SEAX
✅ V1 App launch
✅ Exchange Feature Launch
✅ CMC & CG Token Listing
✅ Yield Farming
✅ Staking Pools
✅ Analysis & Info
🕔 Project Details launch in SEA Supporting Language
🕔 CG & CMC DEX Listing
🕔 Southeast Asia Community Launch
🕔 SeaDEX Revamp: BSC DEX Aggregator
🕔 SeaDEX Revamp: Trading Views Integration
🕔 SeaDEX Revamp: Coingecko Integration
🕔 SeaDEX Revamp: Lunar Crush Integration
🕔 SeaDEX Revamp: Trending News Integration
🕔 New Minting
🕔 Multi-chain DEX Aggregation (ETH, AVAX, more)
🕔 SeaDEX Launchpad
🕔 SEA Stablecoin Integration & Development
🕔 $SEAX Monthly Burning Plan
🕔 SeaDEX Academy
🕔 Governance Model (DAO)
🕔 SEA Language supported website with SEA supporting language
🕔 New Partners
🕔 NFT Collaboration
Brief Recap of SeaDEX’s Journey
SeaDEX was started by the end of 2021 in November by the name IndoDEX. We have been paddling through all the ups and downs for half a year now from raising an IDO with one of our well-known launchpads, Genesis Pool rising to $600K, reaching our highest price of $0,03+ from $0,009, rebranding and migrating to not just a brand but bigger objectives — SeaDEX; pass the security audit with DeFi Yield, partnering with multiple communities in Indonesia, the launch of swap and much more to the very recent Farm and Info launch last month.
We keep delivering our best, and will continue to keep building, and with this, here are our following objectives!
CoinMarketCap and CoinGecko DEX Listing
As shared on the June Monthly Newsletter a day ago, the listing of SeaDEX in CMC and CG is on the process. We will keep SeaSquad updated through our socials on Twitter and Telegram.
Regional Community Launch
As we have shared in our latest newsletter, one of our primary goals is to onboard the regional community as soon as we have a team onboarded. We have interviewed fantastic profiles to be the face of our first regional community launch and will reveal them very soon.
This is probably the most controversial decision we will ever make. So, let us briefly explain the backgrounds. When we created our tokenomics, it was designed for the Indonesia. The subpoena was more than enough to give negative sentiment to SeaDEX. If we changed to new tokenomics back then, we don’t know if we could survive the negativity.
Moreover, several other reasons are also important to talk about. And along with this we have decided to publish a specific article to discuss in detail about this decision. Therefore, we will only discuss a few parts that are pretty important to convey at this time.
We will mint 230 million more tokens and push our max supply to 500 million. The new tokens will be locked. The distribution of the new tokens will be divided into three main distribution channels: SEA Strategic Business Partners, SEA Community Rewards, and Future Development.
Two hundred ten million tokens will be locked and distributed 4.16% each month for two years. And the 20 million will be locked for six months and distributed for more development. And after the minting process finishes, we will switch off the minting functions. So, we’ll have 500 million tokens as a hard cap. A detailed information about this decision will be shared in the upcoming days.
SeaDEX Revamp Mega Plan — Five Integrations
As exciting as it could be, our previous back-on-back weekly launch announcement from Swap to Pool to Farm to Info, SeaDEX, will not stop there.
We have been brainstorming and ideating a new strategy to increase our platform users with the current market conditions. Within this, we announce the following big news, SeaDEX Version 2 Development. An all-at-once platform with a better interface for newbies and is very easy to use with just one click. It will be a combination of Tradingview, Coingecko, Lunar Crush, and a DEX Aggregator like 1inch. We’ll update you more on this in a dedicated article specific to this plan.
Multichain DEX Aggregation (ETH, AVAX, and more)
On our previous roadmap, we have mentioned that SeaDEX is going to be a BSC DEX Aggregator. With this news we would like to specifically share, that’s not it. SeaDEX will also be ETH, AVAX, and more layer one aggregators.
Southeast Asia has so much potential to become the leader in the blockchain industry. We understand the potential and want to give opportunities to many projects in SEA to get the funding and develop their project. More information will be shared once available.
SEA Stablecoin Integration & Development
We believe stablecoins potentially will be the key to the mass adoption of crypto. It plays a significant role for the crypto community to hedge against the fluctuation of crypto. We do understand it’s not easy to build stablecoins, especially after the Terra fiasco, as each of you possibly knows. However, we came with a plan to develop a mechanism where each country in SEA can also have its stablecoins.
$SEAX Monthly Burning Plan
Burning is an essential part of reducing the supply. Within this, we will have burning tokens. We’re going to burn 225.000 tokens per month. That’s about 2.7 million tokens per year. And this burning will continue until we reach a certain point where it’ll be deflationary in the future.
Not changing, SeaDEX Academy will reach its milestone by this year. As planned from the beginning, this effort will help us overcome many barriers and achieve our primary goal, which is to be the highly adapted DEX in Southeast Asia. With the team expansion plan and public faces to help us deliver the mission, as well as the SeaDEX Revamp Integrations for easier users journey, SeaDEX Academy will be a silver bullet that can accommodate all for a good purpose.
Governance Model (DAO)
SeaDEX governance model will be released for future development, where the community will make decisions on the direction of the SeaDEX platform. There are many good governance models implemented already, but it took time for us to really evaluate and decide which model we should implement.
As the community and ecosystem grow, new partners will be onboarded too. Aligning with the previous milestones, we believe the SeaDEX Revamp implementation will help us to expand our market and bring more partners to the table to build the blockchain ecosystem for Southeast Asia.
We promised to be transparent. So we will only be transparent. If you guys have noticed, there are a few missing parts from the previous Roadmap: The Bridge and Auto Compounding Vault. With the volatile market condition, we must quickly adapt and change our small direction for better purposes.
The Bridge feature is not our primary focus so far, and we know it’s not going to be anytime soon for us to be able to provide this feature. So for that reason, we deleted this feature from the Roadmap.
As for the auto compounding vault, it is also a feature we’re not going to implement anytime soon. We have a manual compounding mechanism implemented already. We believe we should increase the utility of SEAX before we push more tokens through the auto-compounding vault.
However, its possible that we would add these features in the future if we see it fits the market conditions. So, stay tuned SeaSquad!
We hope this article clarifies your questions and concerns. Thank you for all of you who have been with us since the beginning and supporting us in ups and down. See you on the next article!