DexCoyote pushes new projects by offering IDOs in the crypto sector
Mr. Pratik chadhokar is an Indian currency, cryptocurrency and financial market advisor and analyst with a background in IT and financial market strategist. He specializes in market strategies and technical analysis and has spent over a year as a financial market contributor and observer. He has strong technical analytical skills and is known for his entertaining and informative analysis of the financial markets.
The crypto industry has made decentralization a common term. People love the fact that this space can put the power back into their hands. Currently, there are decentralized exchanges (DEXs) such as Uniswap, 1Inch Network and more. which offers users a means to eliminate any intermediaries from their financial affairs. DexCoyote, a decentralized launch platform that offers services like the Initial Dex Offering (IDO), is doing wonders in this decentralized space.
Eyes on great listings
IDO is a concept where a project uses a decentralized exchange to offer its initial coin. A user can simply visit the Token Generator section of the DexCoyote website, connect to the crypto wallet and select the token creation option. All he needs to do is choose the chain from Ethereum, BSC or Polygon. After filing the necessary details such as the name of your token, total supply and more, click create token and you are good to go.
The process will release your newly created token on the blockchain and credit the supply to the creator’s wallet. DexCoyote is a free-to-use service where projects can easily create and distribute native tokens for their network. For the first DEX offering, users need to access the listing section of the website. This process is slightly longer as opposed to token creation.
Users must add the project’s original token and specify the desired supply for IDO. Furthermore, services including token airdrop launch and more are free. But the dex will earn a certain percentage in commissions through sales. The company also has its original digital resource called HOWL and is available at the most popular automated market maker, Pancake Swap.
Currently, a total of 10 billion HOWL tokens are circulating in the market. Half of the tokens are designated for referral programs, 20% for marketing, 5% for project teams and more. DexCoyote currently has over 70,000 users and 37,000 subscribers in their network.
DexCoyote has an interesting roadmap where several grades have already been achieved. This includes token release, reaching 50,000 holders, publishing in Forbes and Bloomberg and more. Now the company is looking at a listing on CoinMarketCap and CoinGecko. In addition, they want to include 150,000 users on the network by Q1 2023.
The network team consists of some fine people, including founder Kirill Sagitov, Irene Malikova (Product Manager), Dmitry Filinov (backend developer), Mikhail Vinogradov (smart contract developer) and more.
2023 has not been kind to the traditional markets, especially the recent collapse of reputable financial institutions. This has reduced people’s trust in centralized entities. The crypto market is a decentralized area and has attracted many individuals in the sector, but recent bloodshed in the sector has also raised concerns for this industry.
Satoshi Nakamoto brought the concept of Bitcoin in 2009 to eliminate centralization and give control back to the people. DexCoyote contributes to this legacy along with other projects in the market.
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