DEXG - Official Announcements
⚠️ Connection issues with dextoken.io The increased interest in our platform has attracted a Distributed Denial of Service (DDoS) attack on our webservers. This may lead to connection issues or increased loading times. The Development team has been informed…
UPDATE: All services function as normal again, DDoS protection has been increased.
📢 'Dione' Staking Round
The 7th DEXG staking round 'DIONE' goes live tomorrow. We are really happy about all the progress we made so far and the great community we built together!
You can find all details regarding the Dione staking round in our latest medium announcement.
We'd like to use the chance, to remind you to check out our public beta announcement as well, and to commit your feedback. Thanks to all participants!
The 7th DEXG staking round 'DIONE' goes live tomorrow. We are really happy about all the progress we made so far and the great community we built together!
You can find all details regarding the Dione staking round in our latest medium announcement.
We'd like to use the chance, to remind you to check out our public beta announcement as well, and to commit your feedback. Thanks to all participants!
▶️ DEXG developer update #7 - Lot’s of small steps in the right direction.
First off happy new year to all.
As we work behind the scenes we are constantly improving many aspects of the exchange and swap parts of DEXG. Today I want to share with you all these elements we have been working on since our last Dev update and to share the progress being made.
Primarily we will be moving the Beta into phase 2, which means specifically that we will add:
- Fee Pool
- Minting of Fees
This means we will add the fee pools to the single asset liquidity pools and the minting of these fees by the contract on TX execution. With this we will add next level complexity to the contract which will now be rigorously tested.
Another big area where we have been focussing on, is to reduce the overall gas use of the transactions, by making the interactions as light as we can without compromising on security.
I've added an example below of how much it will cost in gas to add single asset liquidity to the DEXG pool. As you can see we are able to be cheaper to what is currently accepted in the marketplace.
Although these are the main take away points at the moment, rest assured that we have been doing our share of normal housekeeping in regards to our code, as we squash bugs, optimize code (especially with implementing our algorithm) and are working constantly on enhancing the security aspects across the board. For this we monitor our project as well as keep an eye on the DeFi space.
We have noticed for instance the popping up of talks about single asset liquidity pools from major players and we believe they are right to think this way as single asset liquidity pools are the future of the DeFI space.
Thank you and I look forward to the next dev update,
Jollen Chen - CEO Flowchain & DEXG
First off happy new year to all.
As we work behind the scenes we are constantly improving many aspects of the exchange and swap parts of DEXG. Today I want to share with you all these elements we have been working on since our last Dev update and to share the progress being made.
Primarily we will be moving the Beta into phase 2, which means specifically that we will add:
- Fee Pool
- Minting of Fees
This means we will add the fee pools to the single asset liquidity pools and the minting of these fees by the contract on TX execution. With this we will add next level complexity to the contract which will now be rigorously tested.
Another big area where we have been focussing on, is to reduce the overall gas use of the transactions, by making the interactions as light as we can without compromising on security.
I've added an example below of how much it will cost in gas to add single asset liquidity to the DEXG pool. As you can see we are able to be cheaper to what is currently accepted in the marketplace.
Although these are the main take away points at the moment, rest assured that we have been doing our share of normal housekeeping in regards to our code, as we squash bugs, optimize code (especially with implementing our algorithm) and are working constantly on enhancing the security aspects across the board. For this we monitor our project as well as keep an eye on the DeFi space.
We have noticed for instance the popping up of talks about single asset liquidity pools from major players and we believe they are right to think this way as single asset liquidity pools are the future of the DeFI space.
Thank you and I look forward to the next dev update,
Jollen Chen - CEO Flowchain & DEXG
DEXG - Official Announcements pinned «▶️ DEXG developer update #7 - Lot’s of small steps in the right direction. First off happy new year to all. As we work behind the scenes we are constantly improving many aspects of the exchange and swap parts of DEXG. Today I want to share with you all…»
We have entered the home stretch as for DEXG distribution. The 8th round "TITAN" is close to starting, and when this final week of staking is over, we will have reached our final supply, which will be capped at 55k. Forever.
Now that we are close to finishing staking, we are gearing up to share lots of info regarding our secondary token and its tokenomics, how liquidity will work when we launch and of course all the functionality that will be added once we launch on the mainnet.
For more info regarding “TITAN” please refer to our medium article here:
https://dextoken.medium.com/presenting-titan-dexgs-8th-staking-round-1c067fe143d9
Now that we are close to finishing staking, we are gearing up to share lots of info regarding our secondary token and its tokenomics, how liquidity will work when we launch and of course all the functionality that will be added once we launch on the mainnet.
For more info regarding “TITAN” please refer to our medium article here:
https://dextoken.medium.com/presenting-titan-dexgs-8th-staking-round-1c067fe143d9
GEL - DEXG Enhanced Liquidity
Liquidity provision is a key factor in the success of decentralized exchanges, just as it secured a stable and healthy environment for trading participants. With the eyes set to the launch of DEXG Swap later in Q1 2021, we will today reveal the GEL token and the associated liquidity mining program incentivising liquidity providers.
The complete article is on medium:
https://dextoken.medium.com/introducing-gel-dexg-enhanced-liquidity-44aada5451a1
Liquidity provision is a key factor in the success of decentralized exchanges, just as it secured a stable and healthy environment for trading participants. With the eyes set to the launch of DEXG Swap later in Q1 2021, we will today reveal the GEL token and the associated liquidity mining program incentivising liquidity providers.
The complete article is on medium:
https://dextoken.medium.com/introducing-gel-dexg-enhanced-liquidity-44aada5451a1
📢 Final token mint announcement
We just minted the last remaining tokens for the fundraising and team wallets and have reached the targeted supply of 55,000 DEXG.
With this milestone reached, the team removed the minter and owner key from the DEXG token smart contract.
For proof of the removal of the minter and owner keys, please refer to the following transactions: Minter removal ; Owner-Key burn
As the DEXG team has no more control over the token contract, we are happy to announce that the token is now under full control of the community!
We just minted the last remaining tokens for the fundraising and team wallets and have reached the targeted supply of 55,000 DEXG.
With this milestone reached, the team removed the minter and owner key from the DEXG token smart contract.
For proof of the removal of the minter and owner keys, please refer to the following transactions: Minter removal ; Owner-Key burn
As the DEXG team has no more control over the token contract, we are happy to announce that the token is now under full control of the community!
Today we launch the first liquidity pool for GEL. This DEXG GEL LP can be found right here:
https://pools.balancer.exchange/#/pool/0x7da51d06c07f37498c6d98345eb0f7a55980673a/
To trade GEL you will need DEXG to buy on the balancer exchange:
https://balancer.exchange/#/swap
Token contracts:
DEXG: 0xb81d70802a816b5dacba06d708b5acf19dcd436d
GEL: 0x94ec4e3a7c5068ae4a035f702f2cd5a6da9c5cc1
You can also add liquidity on the pool page.
GEL is now officially live!
https://pools.balancer.exchange/#/pool/0x7da51d06c07f37498c6d98345eb0f7a55980673a/
To trade GEL you will need DEXG to buy on the balancer exchange:
https://balancer.exchange/#/swap
Token contracts:
DEXG: 0xb81d70802a816b5dacba06d708b5acf19dcd436d
GEL: 0x94ec4e3a7c5068ae4a035f702f2cd5a6da9c5cc1
You can also add liquidity on the pool page.
GEL is now officially live!
Hi everyone,
After launching our Balancer pool for DEXG/GEL we have noticed a GEL/ETH commmuntiy pool as well . Both can be found here respectively:
👉On Uniswap:
https://app.uniswap.org/#/swap?inputCurrency=0x94ec4e3a7c5068ae4a035f702f2cd5a6da9c5cc1&outputCurrency=ETH
👉On Balancer:
https://balancer.exchange/#/swap
Token contracts:
DEXG: 0xb81d70802a816b5dacba06d708b5acf19dcd436d
GEL: 0x94ec4e3a7c5068ae4a035f702f2cd5a6da9c5cc1
We want to stress again that GEL will be used for liquidty pool rewards once we launch v1.0 of DEXG SWAP, as well as serve as access to the more advanced trading functions that we are developing.
For our stakers, we are working on the delivery mechanism for the GEL rewards that have been reserved for your support.
As to info regarding GEL, please visit our Medium article.
https://dextoken.medium.com/introducing-gel-dexg-enhanced-liquidity-44aada5451a1
⚖️ Legel Disclaimer
GEL tokens are not intended to constitute securities in any jurisdiction. The above article does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.
The DEXG team and the Flowchain Foundation Limited (“Development Team”) disclaim any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in the white paper and this article, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom.
The value of GEL tokens is currently very volatile. The Development Team does not have any means of stabilizing the token value, please buy at your own risk. Unlike bank accounts or accounts at some other financial institutions, GEL are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you. Because GEL are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or GEL. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the GEL and the platform, including the utility of the GEL for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.
Price speculations
As stated above, the GEL token is not intended for investment. It is a functional token of DEXG platforms, and GEL’s launch will begin to trade on secondary markets where its price is strictly determined by demand. However, free trade and speculation produce a circumstance where there are two GEL prices — one is in DEXG pegged price and another on platforms such as Balancer and Uniswap.
Thus, these two prices diverge, in the DEXG platforms, the GEL price closely follows the DEXG circulating supply on Ethereum. However, on the secondary markets, the price is often defined by demand, which can lead to speculation. Therefore, the community is encouraged to consult knowledgeable professionals concerning the cautiousness of pump-and-dump schemes around GEL.
After launching our Balancer pool for DEXG/GEL we have noticed a GEL/ETH commmuntiy pool as well . Both can be found here respectively:
👉On Uniswap:
https://app.uniswap.org/#/swap?inputCurrency=0x94ec4e3a7c5068ae4a035f702f2cd5a6da9c5cc1&outputCurrency=ETH
👉On Balancer:
https://balancer.exchange/#/swap
Token contracts:
DEXG: 0xb81d70802a816b5dacba06d708b5acf19dcd436d
GEL: 0x94ec4e3a7c5068ae4a035f702f2cd5a6da9c5cc1
We want to stress again that GEL will be used for liquidty pool rewards once we launch v1.0 of DEXG SWAP, as well as serve as access to the more advanced trading functions that we are developing.
For our stakers, we are working on the delivery mechanism for the GEL rewards that have been reserved for your support.
As to info regarding GEL, please visit our Medium article.
https://dextoken.medium.com/introducing-gel-dexg-enhanced-liquidity-44aada5451a1
⚖️ Legel Disclaimer
GEL tokens are not intended to constitute securities in any jurisdiction. The above article does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.
The DEXG team and the Flowchain Foundation Limited (“Development Team”) disclaim any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in the white paper and this article, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom.
The value of GEL tokens is currently very volatile. The Development Team does not have any means of stabilizing the token value, please buy at your own risk. Unlike bank accounts or accounts at some other financial institutions, GEL are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you. Because GEL are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or GEL. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the GEL and the platform, including the utility of the GEL for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.
Price speculations
As stated above, the GEL token is not intended for investment. It is a functional token of DEXG platforms, and GEL’s launch will begin to trade on secondary markets where its price is strictly determined by demand. However, free trade and speculation produce a circumstance where there are two GEL prices — one is in DEXG pegged price and another on platforms such as Balancer and Uniswap.
Thus, these two prices diverge, in the DEXG platforms, the GEL price closely follows the DEXG circulating supply on Ethereum. However, on the secondary markets, the price is often defined by demand, which can lead to speculation. Therefore, the community is encouraged to consult knowledgeable professionals concerning the cautiousness of pump-and-dump schemes around GEL.
app.balancer.fi
A UI that supports core Balancer protocol functionality. Explore & create pools, manage liquidity, swap tokens, get veBAL and claim incentives.
Hi everyone,
We are fast approaching the end of the beginning, the prelude if you will to the launch of DEXG Exchange, which for many has been a long wait from staking to where we are now. To this end I want to give a quick community update to assuage any fears and set some things straight.
Q1 is close to an end and there were fears we would overshoot due to endless red tape, but rest assured, the dev team have been as committed as they have been since the inception, never missing a beat and honouring the timeline set out from the start. Before this month is over, DEXG Exchange will be live, with the audits and the GEL distribution following soon after.
As some in our community have correctly gathered, the launch of the exchange will be the start of a new chapter, where the tools given to us by the team and especially Jollen Chen will bear as much fruit as we are able to squeeze from them. There are various elements that will have to work together to get us from here to the proverbial DEX hall of fame.
These plans will be laid out on the discord which will launch next Thursday the 25th of March. There we will also look for community leaders that will help to move DEXG forward and which will contain information regarding how we will start to populate DEXG and where from then on all communication will migrate to.
Alongside the launch we will provide documentation to help newcomers better understand the project and which will be continuously expanded. We want to build community tools to help devs create trading bots and setup pools to maximize the overall benefits which will be essential, especially in the beginning.
Work has also started on increasing the marketability of DEXG. This will encompass a rebranding layer on top of DEXG that will help to position us against other DEXes and should make instantly clear to those who don't know us, what DEXG is all about.
We know that there has been less communication, but that period of drought is now officially over, the internal launch dates are set in stone and I will share them with you very shortly. I hope to see all of you over at the Discord soon, especially those that have expressed interest in wanting to contribute and to get this show on the road.
R.S.
We are fast approaching the end of the beginning, the prelude if you will to the launch of DEXG Exchange, which for many has been a long wait from staking to where we are now. To this end I want to give a quick community update to assuage any fears and set some things straight.
Q1 is close to an end and there were fears we would overshoot due to endless red tape, but rest assured, the dev team have been as committed as they have been since the inception, never missing a beat and honouring the timeline set out from the start. Before this month is over, DEXG Exchange will be live, with the audits and the GEL distribution following soon after.
As some in our community have correctly gathered, the launch of the exchange will be the start of a new chapter, where the tools given to us by the team and especially Jollen Chen will bear as much fruit as we are able to squeeze from them. There are various elements that will have to work together to get us from here to the proverbial DEX hall of fame.
These plans will be laid out on the discord which will launch next Thursday the 25th of March. There we will also look for community leaders that will help to move DEXG forward and which will contain information regarding how we will start to populate DEXG and where from then on all communication will migrate to.
Alongside the launch we will provide documentation to help newcomers better understand the project and which will be continuously expanded. We want to build community tools to help devs create trading bots and setup pools to maximize the overall benefits which will be essential, especially in the beginning.
Work has also started on increasing the marketability of DEXG. This will encompass a rebranding layer on top of DEXG that will help to position us against other DEXes and should make instantly clear to those who don't know us, what DEXG is all about.
We know that there has been less communication, but that period of drought is now officially over, the internal launch dates are set in stone and I will share them with you very shortly. I hope to see all of you over at the Discord soon, especially those that have expressed interest in wanting to contribute and to get this show on the road.
R.S.
DEXG - Official Announcements pinned «Hi everyone, We are fast approaching the end of the beginning, the prelude if you will to the launch of DEXG Exchange, which for many has been a long wait from staking to where we are now. To this end I want to give a quick community update to assuage any…»
DEXG SWAP IS LIVE! Get your votes, liquidity and bots ready!
Hi guys,
I want to share with the community that as of 12:00 PM UTC on the 29th of March 2021 (Q1), DEXG has gone live on mainnet. It is now ready to take its first steps in the wild, nestling itself amongst the DeFi giants who will be hearing from us a lot in the coming weeks as our community and soon our little bots will be able to start working tirelessly to create value for DEXG. More importantly though, we will create a more secure DeFI space, built on the sAMM and Jollen's vision to eliminate Impermanent Loss. We still have lots to do, but today is a day to celebrate this monumental coding achievement.
Find the official press release here:
https://flowchain.co/press-dexg-exchange
You can find Dexg Swap here:
https://dexg.exchange/
I would like to thank Jollen Chen for his hard work during these past few months. From dealing with ever demanding lawyers on one side and a vocal community on the other, it’s easy to forget that you are dealing with humans that are doing the best they can, so I want to take a moment to thank the TEAM and Mr. Jollen Chen.
I am proud that the team has kept their head down and delivered a smooth engine that will truly bring something new to this space. It's now up to us to take the keys and give it a spin.
Please use the discord to give your feedback as we will use this first week to populate the pools and to familiarise ourselves and the community with the governance process. All feedback is welcome of course and we are looking for contributors in all departments to make this protocol a success.
You can find the discord here:
https://discord.gg/PcWPzEDv
Rim Slim
Ps. We will start phasing out the official Telegram chat channel over time and will rename price chat to something more informal on Telegram. We will still use the Announcement Channel for major announcements.
Hi guys,
I want to share with the community that as of 12:00 PM UTC on the 29th of March 2021 (Q1), DEXG has gone live on mainnet. It is now ready to take its first steps in the wild, nestling itself amongst the DeFi giants who will be hearing from us a lot in the coming weeks as our community and soon our little bots will be able to start working tirelessly to create value for DEXG. More importantly though, we will create a more secure DeFI space, built on the sAMM and Jollen's vision to eliminate Impermanent Loss. We still have lots to do, but today is a day to celebrate this monumental coding achievement.
Find the official press release here:
https://flowchain.co/press-dexg-exchange
You can find Dexg Swap here:
https://dexg.exchange/
I would like to thank Jollen Chen for his hard work during these past few months. From dealing with ever demanding lawyers on one side and a vocal community on the other, it’s easy to forget that you are dealing with humans that are doing the best they can, so I want to take a moment to thank the TEAM and Mr. Jollen Chen.
I am proud that the team has kept their head down and delivered a smooth engine that will truly bring something new to this space. It's now up to us to take the keys and give it a spin.
Please use the discord to give your feedback as we will use this first week to populate the pools and to familiarise ourselves and the community with the governance process. All feedback is welcome of course and we are looking for contributors in all departments to make this protocol a success.
You can find the discord here:
https://discord.gg/PcWPzEDv
Rim Slim
Ps. We will start phasing out the official Telegram chat channel over time and will rename price chat to something more informal on Telegram. We will still use the Announcement Channel for major announcements.
Flowchain Foundation
Press Release | Flowchain
DEXG - Official Announcements pinned «DEXG SWAP IS LIVE! Get your votes, liquidity and bots ready! Hi guys, I want to share with the community that as of 12:00 PM UTC on the 29th of March 2021 (Q1), DEXG has gone live on mainnet. It is now ready to take its first steps in the wild, nestling…»
Hi everyone,
Internally there have been many discussions regarding how the fees should be distributed, but I can now finally give you the definitive means of distribution.
We will be using the DEXG-LP tokens, voting will not be required anymore. The way it will go is this:
1. Aggregator collects fees
2. The aggregator will then send 1/3 to the dev fund, and 2/3 to the Reward Distributor contract
3. DEXG-LP tokens will have to be staked
4. These staking DEXG-LP tokens will then collect the fees based on their % to the total staked amount.
This:
https://stake.dextoken.io/#/
Is being worked on to make this all work.
Furthermore I want to inform to you that Asia is now in a holiday period so no particular work will be done till next week. I will continue with those elements that I can, but for the rest I urge patience. We don’t have a team that can work 24/7 so all the dev work is done regarding internal priorities.
All the help regarding dev work on the backend/ui etc is really appreciated but for legal reasons is hard to organise. This project has long legs, but sadly they won’t be running as many would love to see. Excessive marketing at this point is pointless, but a slow build is important.
There are always lingering questions and I wish I had all the answers but I don’t have them most of the time. I won’t speculate either as it leaves me open to miscommunication. It’s true that it feels like a black box at times, but I think we should accept that, otherwise this project might not be for you if you can’t handle the roll out of this project.
Marketing at his stage is pointless before we have proper pools setup and it all working. I mentioned this before, marketing is to promote the functionality not to hype your bags.
Rim Slim
Internally there have been many discussions regarding how the fees should be distributed, but I can now finally give you the definitive means of distribution.
We will be using the DEXG-LP tokens, voting will not be required anymore. The way it will go is this:
1. Aggregator collects fees
2. The aggregator will then send 1/3 to the dev fund, and 2/3 to the Reward Distributor contract
3. DEXG-LP tokens will have to be staked
4. These staking DEXG-LP tokens will then collect the fees based on their % to the total staked amount.
This:
https://stake.dextoken.io/#/
Is being worked on to make this all work.
Furthermore I want to inform to you that Asia is now in a holiday period so no particular work will be done till next week. I will continue with those elements that I can, but for the rest I urge patience. We don’t have a team that can work 24/7 so all the dev work is done regarding internal priorities.
All the help regarding dev work on the backend/ui etc is really appreciated but for legal reasons is hard to organise. This project has long legs, but sadly they won’t be running as many would love to see. Excessive marketing at this point is pointless, but a slow build is important.
There are always lingering questions and I wish I had all the answers but I don’t have them most of the time. I won’t speculate either as it leaves me open to miscommunication. It’s true that it feels like a black box at times, but I think we should accept that, otherwise this project might not be for you if you can’t handle the roll out of this project.
Marketing at his stage is pointless before we have proper pools setup and it all working. I mentioned this before, marketing is to promote the functionality not to hype your bags.
Rim Slim
DEXG - Official Announcements pinned «Hi everyone, Internally there have been many discussions regarding how the fees should be distributed, but I can now finally give you the definitive means of distribution. We will be using the DEXG-LP tokens, voting will not be required anymore. The way…»
Hi all, from now on all announcements as well as development news will be shared on Discord.
To follow the latest announcements, please follow this channel:
https://discord.gg/EdaP6nbBtp
All Telegram communication will be wound down from here on out, only milestones will be shared on this channel from now on.
See you on the Discord!
Rim Slim
To follow the latest announcements, please follow this channel:
https://discord.gg/EdaP6nbBtp
All Telegram communication will be wound down from here on out, only milestones will be shared on this channel from now on.
See you on the Discord!
Rim Slim
Discord
Discord - A New Way to Chat with Friends & Communities
Discord is the easiest way to communicate over voice, video, and text. Chat, hang out, and stay close with your friends and communities.