CANDYDEX is a new multichain network DEX platform’s token — Is it the next ApeCoin or StepN?

Candydex Token
  • 140,000-plus account holders in the span of 30 days
  • 16% of the CandyDex tokens burned as an preliminary transfer
  • $0.10 value in IDO sale Round 1
  • $0.50 value in IDO sale Round 2
  • $1 value in IDO sale Round 3
  • The market has been dropping since March, however customers have turned their eyes towards the new digital token CANDYDEX, which has already made the finest indications in the crypto market. Chances are the token value will leap greater than 1,000x in the future.

08482c26520883773c0dca39351ae526

We consider the CANDYDEX token, the standard DeFi-inspired cryptocurrency, may go on a run just like ApeCoin (APE) and SpepN’s GMT. Is CANDYDEX the next ApeCoin or GMT? Let’s take a look. They’ve all launched very just lately — one among them is even nonetheless in its presale stage — and present promising potential for the months and years to come back!

StepN’s GMT:

Interestingly, every new development tends to supply a new wave of crypto millionaires, as the emergence of move-to-earn tokens, led by StepN and its GMT token, has demonstrated most just lately. Despite its newness, it’s already been rumored that it will begin one other development and revolutionize the decentralized finance business with the experimental idea of the DeFi “CandyDex.”

StepN is a move-to-earn crypto and SocialFi app on the Solana network. The platform describes itself as a “Web3 lifestyle app” that rewards customers for sustaining a wholesome life-style by strolling, jogging or operating. Although it’s nonetheless a comparatively new concept, move-to-earn is just like the play-to-earn mannequin in that it consists of components of GameFi, SocialFi and nonfungible tokens (NFT). Instead of rewarding customers for merely enjoying video games, move-to-earn initiatives compensate them for main higher existence.

The assortment consists of 4 completely different types of sneakers. The value of every pair of sneakers is decided by its kind, rarity and diploma. The move-to-earn mannequin, like many earlier crypto traits, is rapidly gaining traction and will even outperform P2E. As a outcome, each the variety of customers on StepN and the demand for GMT have elevated dramatically.

Could CANDYDEX observe in the footsteps of APE and, extra just lately, GMT in producing large income?

ApeCoin (APE)

ApeCoin is about to rejoice its one-month anniversary, launching on March 17. ApeCoin is the latest initiative inside the Ape ecosystem, which originated via the ultra-popular Bored Ape Yacht Club NFT assortment. BAYC consists of 10,000 algorithmically generated profile footage that includes apes with various bodily and clothes attributes that point out completely different rarity ranges.

From rap star Eminem to soccer participant Neymar Jr., many celebrities have been drawn to the BAYC assortment’s imagery and perks and determined to purchase these NFTs. In truth, proudly owning a Bored Ape — or Mutant Ape, an alternate assortment issued by the similar entity — provides you entry to unique occasions held in prestigious areas that host well-known personalities. As such, following its market launch, APE rapidly turned one among the most traded property in the 1,000 largest Ethereum wallets and was amongst the Top 10 most-bought tokens. Within its first week of buying and selling, APE gained a stellar 1,200-plus p.c!

What is CandyDex?

CandyDex is a DeFi platform for customers to swap tokens, improve their publicity or borrow BNB, MATIC, AVAX, FTM and Ether (ETH) in opposition to their favourite cryptocurrencies. The platform permits DeFi customers to borrow, multiply their publicity to cryptocurrency, and earn on their property. CandyDex’s mission is to offer the most safe, trusted entry level to deploy capital in DeFi. The group contains passionate thinkers and builders pushed to create a higher consumer expertise for all whereas with the ability to maximize returns.

CandyDex aggregates a number of decentralized exchanges into a single platform and permits merchants to trace the actions of hundreds of tokens and artificial property and forecast market actions earlier than they occur. In doing so, CandyDex tackles the principal vulnerability of immediately’s DEXs: vital slippage, non-real-time data and the lack of market indicators.

What makes CandyDex nice and trustable is its token contract was audited by Tech Audit, Audit Whale and others, and there are extra audits from different trusted entities like Haze Crypto, CertiK and Hacken on the method.

What is the CANDYDEX token?

CANDYDEX is a Polygon-native token. The cryptocurrency was additionally launched on Ethereum, BNB Smart Chain, Avalanche and Fantom. The CANDYDEX token has carried out exceptionally nicely in 2022, with an unbelievable value spike throughout the preliminary DEX providing. The major perform of CANDYDEX is to incentivize liquidity provision to the CandyDex platform. It permits holders to take part in the protocol’s governance as they discover the DeFi area. Unlike with different decentralized exchanges, CANDYDEX tokens permit holders to purchase (or “swap”) with ETH, BNB, MATIC, AVAX, FTM and TRON. This is seen as a extra liquid method of exchanging massive quantities of crypto.

CANDYDEX IDO sale

CANDYDEX launched its preliminary DEX providing on April 25, going down on CandyDex.

Round 1: April 25, 2022. Price: $0.10.

Round 2: Will be introduced after Round 1. Price: $0.50.

Round 3: Will be introduced after Round 2. Price: $1.

After the presale rounds have been accomplished, the CandyDex undertaking instantly mobilized its plans in accordance with schedule. Specifically, the group launched the IDO, initiated one other token burn, developed an NFT Marketplace, created a native blockchain and launched a shock airdrop of its new token. Also, CandyDex is planning to offer a staking portal, which can allow buyers to maximise their returns by using CANDYDEX via yield farming. For the time being, the group has suggested buyers to remain tuned to CandyDex’s official Twitter and Telegram channels, the place the itemizing particulars will probably be introduced.

The CANDYDEX IDO was one among the most anticipated for April 2022, with its launchpad typically met with pleasure.

Token particulars

Token title: CandyDex (CANDYDEX)

Starting value: $0.10

Supported chains: BNB Smart Chain, Ethereum, Tron, Fantom, Polygon, Avalanche

Total provide: 500,000,000

Burned: 80,000,000-plus

Current provide: 420,000,000

Bonus on IDO sale Round 1:

Following an oversubscribed, profitable pre-IDO sale, CANDYDEX has formally achieved its objective of 5.5 million. The sale will probably be prolonged, as the market fluctuations are inflicting a delay in the sale as agreed previous to the begin of the second spherical. The ultimate closing time will probably be 4:00 pm ET on June 16, 2022. As a particular bonus for customers collaborating in the IDO sale, present customers will get a token bonus of 10% via May 17, 2022, and new customers will get 15% on their new token buy.

Here’s the place you will discover out extra about CANDYDEX:

Website: candydex.finance

Telegram bulletins: t.me/Candydex_Announcements

Telegram official: t.me/CandyDex_Officiall

Twitter: twitter.com/candydex

Instagram: instagram.com/candydexofficial

Medium: medium.com/@candydex

CANDYDEX airdrop: candydex.finance/contest

5/5 - (100 votes)