What is a perfect token? Is it a token with high usage? Or the one with the most assets? What defines an ideal token?
Blockchain hurdle
It has been about a decade since the appearance of blockchain and cryptocurrency. The big runner ups of the DiFi area are Bitcoin and Ethruam, followed by many other currencies. The point of blockchain and cryptocurrency is that everyone can be there one bank. That the community holds the "pricing power," but over speculators cause fluctuations and imbalance in the blockchain ecosystem.
DexToken protocal
Dextoken protocol, in simple terms, works as a rating chart for different tokens prices based on there: users, demand, volatility, and other blockchain characteristics. It uses a speculated AMM(automated market maker), a universal pricing modal that evaluates a token by its quality; it reduces high volatility and smoothens out fluctuations. In comparison, calculating AMM rates tokens is based on quantity(like uni-swap), which causes high volatility and sudden changes. Dextoken protocol is like a secretary for all crypto companies.
Off-chain minting
Mintable tokens are smart contracts that you can create a new unlimited amount of tokens. Dextoken protocol provides an off-chain token producing technology that allows you to redeem and withdrawal and a scientific minting mode for off-chain and deflationary tokens.
Benefits of Dextoken protocol:
- Provides the blockchain platform and cryptocurrencies with a more organized ecosystem and structure with fair pricing
- Balances the out pricing power in the blockchain community
- Align with government policies regarding the assistance in managing cryptocurrencies
- Potential to make the perfect token
Cunclution:
This post is a simple summary of Dextoken protocol based on my understanding and research. Hopefully, someone fond it useful; if it has any success, then that is from Allah. If there are any mistakes, then it's from me. Thank you for reading.
