Skip to main content

DistX Platform Launch On Track: Here’s What You Need To Know

DistX has just launched its token sale platform, where projects can quickly raise funds. Users of the new exchange can now find all past, present, and upcoming token sales in one convenient location.

Users can also view the smart contract guaranteed settings designated by the token sale teams and contribute straight from the DistX site.

What’s more, DistX offers rewards for contributors via a unique DISTXR redemption token. This non-fungible token (NFT) is redeemable for the token sale tokens at any time, and to any address, after the completion of the token sale.

DistX Project Updates

Following the DistX platform’s launch in Oct.28, the project has continued reaching out to token sales teams everywhere. Plenty of promising projects have expressed their desire to run their sale on DistX. Following the massive influx of teams, DistX has now mandated KYC to deter those who might attempt to rug pull.

The token sale platform announced the Never Sellephant NFT give away on Oct. 14, the second in the DistX 10 collectible series.

This token is for community members who have held on to a minimum of 500 DISTX in their wallet without moving or selling them for 14 consecutive days. The first 5 participants to collect all ten collectible NFT’s stand to win 20K DISTX each.

Earlier last month, the project listed DistX on UniSwap and distributed tokens, followed by listings on HotBit, Probit, and two top exchanges. DistX also announced four strategic partnerships, including BitBoy, ProBit, CoinStats, and CryptoAdventure.

DistX has now joined forces with Crypto World News, one of the leading crypto and ICO related Telegram groups. The popular platform boasts over 1 million subscribers across their two main Telegram groups, Crypto World News and Crypto World ICOs.

Enjoying the Benefits of Using DistX

DistX was designed from the get-go to become the future of decentralized token sales, offering a rewarding and flexible platform for token sale contributors.

DISTXR tokens issued after the DistX token sale in August serve primarily as a receipt for each token sale contribution via the DistDEX.

The platform generates a unique DISTXR token at the time of a participant’s contribution, sent to a destination wallet(s) of their choice. This NFT token is redeemable at any time after distribution via the DistX website for a share of the token sale tokens.

DistX currently collects 2% of the ETH raised by a team during a sale. 1% of all raised ETH in a token sale is designated for buying back and burning DISTX from Uniswap. The other 1% is a fee to pay for automated gas.

Token holders get to benefit in a big way from DistX’s unique and sustainable rewards system. The top 200 DISTXR token holders share in 2% of all the tokens from token sales listed on the platform. This factor ensures that they receive a constant share of new tokens from new projects.

Top contributors also receive access to early token sales on DistX, giving them a substantial advantage during popular token sales.

What Can Token Sale Holders Expect?

Token sale holders on the DistX website gain increased exposure after being listed on the ‘’upcoming and live” token sale area. This way, brand new projects can conveniently access the existing user base of DISTX token holders and get many more token sale participants.

Moreover, token sale holders benefit from the platform’s fully decentralized contribution and distribution contracts, facilitating the automatic and instant listing on DistDEX after each successful token sale.

Finally, token sale holders can use the DistX smart contracts to set minimum and maximum contributions and even adjust the automatic token distribution date.

DistX Project Listings: Carbon.io & Dettapay

DistX has listed Dettapay, a project working to develop an innovative blockchain-based solution that functions as a payment system in both digital and traditional sectors. Participants in the Dettapay token sale can purchase DETTA on the DistX Platform, with a minimum contribution of 1 ETH and a maximum contribution of 25 ETH.

Similarly, Carbon.io will list its token sale on DistX on Nov. 9, as the project shifts from ESOS to CRBN tokens. The public sale will offer 25M tokens to generate funds for UniSwap, marketing, and development of the Carbon project.

DistX Platform Launch On Track: Here’s What You Need To Know was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.



from The Capital - Medium https://ift.tt/3ebms53
Labels:

Comments

Post a Comment

Any questions, Please.

Popular posts from this blog

DeFi isn’t dead, it just needs to fix these 3 critical problems

It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability. The persistent challenges  decentralized finance  face have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi. I think DeFi today is completely broken for 99% of the population. The promise of a more transparent financial system has been overtaken by greed. UST/LUNA is just the latest in a string of bad developments: — Peter Yang (@petergyang) May 11, 2022 Let's take a look at what experts say DeFi needs to do in order to have another revival.  Improved usability To date, the promise of open and uncensored access to a global decentralized financial system has been largely hampered by the complicated interface, confusing multi-step staking processes and lack of clarity surrounding the yields on various tokens. What do you thi...
Post a Comment
Read more

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...
Post a Comment
Read more

National Futures Association adds rules for members handling digital assets

The CFTC-linked self-regulatory organization (SRO) has disclosure rules for members engaging in activities with BTC and ETH; now, standards of conduct are being added. The National Futures Association (NFA), the United States self-regulatory organization for derivatives markets, has issued a new compliance rule addressing members’ conduct. The new rule complements requirements issued in 2018. The NFA has “well over 100” members that engage in activities with digital asset commodities, but no way to address fraud or misconduct committed by those members, the organization explained to secretary of the Commodity Futures Trading Commission (CFTC) Christopher Kirkpatrick in a Feb. 28 letter as it submitted the proposed new rule for approval. The new rule is modelled on the NFA’s antifraud rules for exchange traded futures and swaps transaction and retail foreign exchange. The NFA is the only registered self-regulatory organization that has delegated authority from the CFTC, giving it a...
Post a Comment
Read more