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Welcome, SeaSquads! Welcome to the monthly Newsletter from SeaDEX. Firstly we want to apologise for the inconsistency with the Newsletter. From now onwards, the monthly Newsletter will be shared every first week of the new month. Let’s get started.
Short Recap
A series of events have been happening over the past two months. These are the roadmap update, the Philippines community launch, and the DEX aggregator launch. Before we get further on our next achievement within September, let’s dive deep and briefly recap the whole update.
✅ SeaDEX V2: BSC DEX Aggregator Launch
With the current market situation, SeaDEX wants to keep showing that building as we committed. The launch of the DEX Aggregator a few days ago, ending the month of August, is one of them.
The Aggregator aims to be an all-at-one platform that won’t only ease users in saving time and energy by using one link browser instead of many. But also simplify the user journey and make it more digestible for newcomers.
More than that, any tokens listed on PancakeSwap, Apeswap, and 1inch are available on SeaDEX. Find more about the information detail here: https://seadex.medium.com/seadex-v2-dex-aggregator-launch
✅ First Regional Expansion Unlock: The Philippines Community
As promised in the last Newsletter, after a month of internal launch and setups, we finally announced the launch of SeaDEX’s first regional community expansion, The Philippines! A pre-launch campaign has been ongoing between the Philippines crypto community and its social media with an airdrop worth $1000. We will share more in the next few weeks in a separate article.
✅ New Token Minting
SeaDEX has been through many challenges; one of them is the liquidity challenge related to the subpoena that made SeaDEX move in its direction much further and quicker than the initial plan. After much consideration and brainstorming many options, we believe that changing the project Tokenomic is a better decision.
Within this, the team has calculated the distribution mechanism and the locking plan that will not disturb the current market mechanism. The total token that has been minted is 230 million. Of the 230 million tokens, 210 million will be locked and distributed 4.16% every month for 24 months (2 years). The rest, 20 million, will be locked for six months.
For the distribution, the token that will have been minted is distributed for Business Strategy Partnership in Southeast Asia and future development.
Once the minting process is done, the minting mechanism will be removed, and the total supply of SeaDEX will stop at 500 million. To know more about the details, Learn more: https://seadex.medium.com/seadex-new-token-minting-announcement.
✅ Roadmap Update Launch
An updated Roadmap was shared entering the last month of Q2 2022 to make our accomplishments and goals more transparent. We have been proven to hedge all doubts and rumours in the current red market and focus on delivering. With the launch of SeaDEX Pool, Farm, and Info as our milestone in May, this update is exciting news and directions to inform through this Roadmap!
Learn more here: https://seadex.medium.com/seadex-new-roadmap-update
Coming There…
CoinMarketCap and CoinGecko DEX Listing
As the current page of SEAX on CG and CMC does not show the price activity of SeaDEX due to the disintegrated DEX app — our team needs to fulfil the requirements to list SeaDEX. One is to provide information about the API, and the other one is to increase the trading volume. The team has had new plan strategy for this and looking forward to implement and update this to all of the community member.
2nd 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 some fantastic profiles to be the face of our first regional community launch. With this, SeaDEX will be able to attract more users and increase the adoption rate in our targeted country.
⏳ SeaDEX Academy
Behind the scene, we all, with our team members, have been creating and consistently posting a bunch of educational content on both Twitter and Medium as a kickstart to our movement. Follow our Academy on Twitter https://twitter.com/seadex_academy.
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, SeaDEX Academy will be a silver bullet for SeaDEX.
⏳ Team Addition
At the Philippine Community Launch next month, we will introduce to the community our newly hired Philippine SeaDEX Lead, who has been with us for the last month. He has been contributing to setting up socials, creating an approach strategy and helping us spread the word in the Philippine region.
We are still #hiring more candidates for Southeast Asia Community Manager for the following regional launch. We understand anonymity is part of DeFi’s identity. Considering expanding our reach, we decided to publish the new team members we hired once they got through a probational period of three months.
