2023 has seen the explosion of Layer 2s, leaving other Layer 1s somewhat overshadowed, and recently we have seen a shift from Avalanche. Today we come to the revolutionary DEX project on Avalanche, which is Dexalot. So what is Dexalot? Let’s find out through the article below.
To better understand what Dexalot is, people can refer to some of the projects below to get an overview of Dexalot:
- Avalanche Update: The ecosystem is showing signs of slowing down
- What is Avalanche (AVAX)? Avalanche Cryptocurrency Overview
Overview of Dexalot
What is Dexalot?
Dexalot is a revolutionary Central Limit Order Book (CLOB) exchange designed to support both limit orders and market orders. Brings the traditional centralized exchange interface to a decentralized on-chain application. Its mission is to provide a truly inclusive and transparent environment where Dexalot users can trade Crypto safely and efficiently, with no slippage or custody risks, no information harvesting individual customers.
Allows users to trade ERC 20 assets at low cost and high speed built on Avalanche’s platform.
The Dexalot difference
- Ability to place renewal orders entirely on-chain: Will eliminate liquidity and execute immediately. If there is no immediate match, the order will be recorded in the creator’s order book. Dexalot supports market orders for individual trading pairs that reach appropriate liquidity levels.
- Engage users through administration: Dexalot will implement a governance model for loyal users.
- Built on Avalanche: Building on C-chain makes it easy to apply, limiting high price slippage and risks for users. It will also further improve usability and user experience by moving to Subnet.
The components that make up Dexalot
- Trader: Direct traders of trading pairs listed on the platform.
- Staker: Participants stake ALOT tokens to receive passive income.
Use Dexalot
- Step 1: Access Portfolio to store and access your money for trading.
- Step 2: Trade the top 10 trading pairs from Avalanche.
- Step 3: Join Stake to receive passive income.
Development roadmap
Updating…
Core Team
- NIHAT GURMEN (Co-Founder): He is also the co-founder of Chainbloq Labs Inc from June 2021 to present. CEO of Fidelis Energy Consulting LLC (May 2020 – June 2021). Held many roles during 15 years at Schlumberger.
- CENGIZ DINCOGLU (Co-Founder): Has worked as a special advisor for large corporations such as Morgan Stanley and Opti Solutions LLC and has many years of experience in building FX trading strategies since 199x.
- TIMOTHY T. SHAN (COO): Tim has extensive experience in managing investment funds in large financial institutions such as: Sanford C. Bernstein, Citigroup, Aladdin Capital Management.
- JONATHAN ACKERMAN (CMO): John has nearly 20 years of experience and has been the head of marketing for many public companies such as: Red Bull, Zombie Productions LLC.
Investor
Update…
Tokenomics
Overview information about the ALOT token
- Token Name: Dexalot.
- Ticker: $ALOT.
- Blockchain: Avalanche C-chain.
- Token Standard: ERC-20.
- Contract: 0x093783055f9047c2bff99c4e414501f8a147bc69
- Token Type: Governance.
- Total Supply: 100,000,000 ALOT
- Circulating Supply: 24,271,556 ALOT
Token Allocations
- Operational Rewards: 50%
- Foundation: 14%
- Team: 12%
- Private Sale: 10.5%
- Liquidity: 4%
- Avalanche Blizzard Fund: 4%
- Airdrop: 3%
- Avalanche IDO: 2.5%
Token Release
Exchanges
Update…
Project information channel
- Website: https://dexalot.com/
- Twitter: https://twitter.com/dexalotcom
- Telegram: https://t.me/dexalot
- Discord:
Summary
With Dexalot’s recent cooperation with Layer Zero, we have seen some of its ambition to transform itself to better suit the current trends of the project team in particular and the Avalanche ecosystem in particular. Let’s wait for more updates in the near future!