DeFi is booming, and with this excitement hoards of swindlers have surfaced like ravenous sharks seeking your funds as if there were blood in the water. With recent high profile rug pulls from the likes of $SUSHI, $HATCH and $CBDAO (Bree), there seems to be no limit to the lengths to which scammers will go to cheat you out of your hard earned money. And yet, time and time again, greenhorn and veteran investors alike flock to the latest "ANCHOVY.finance" and watch helplessly as their funds are flushed down the blockchain toilet, lured there by the promise of a flashy food based website and some trendy form of liquidity mining. The substance of these projects is as hollow as the identity of the anonymous teams who develop them. But fear not. There is an oasis to be found in this desolate landscape...
For your consideration, I present $DEXG: a governance token for a groundbreaking, decentralized exchange built on a proprietary Speculative AMM which determines market price from volatility. This unique algorithm does not require on-chain price oracles due to it's utilization of the Volatility Effect Function and Universal Price Model proposed by the Flowchain Foundation. Headed by the venerable CEO, Jollen Chen, Flowchain has been a pioneer in IoT blockchain technology for years and the DEXToken Protocol promises to encompass a full fledged DeFi ecosystem by leveraging this distributed network. Some unique benefits of the platform will include off-chain computation; AMM to off-chain trust; and staking rewards for DEXG liquidity providers generated by transaction fees. The DEX itself will be governed by holders of the $DEXG token and will supply a token swap exchange, a "fast orderbook", as well as a bridge between minted, private off-chain tokens and the on-chain decentralized finance sector.
In the common case that much of these features have gone over your head, allow me to explain in layman terms what some of these features might mean for yet another DEX. One of the current mainline DEX's, Uniswap, uses an AMM that suffers from volatile slippage. If you've ever traded on Uniswap you know what I mean by this. The greater the number of tokens you order, the more slippage you incur, making large orders drastically more expensive. The Speculative AMM will produce much lower slippage especially in comparison to large orders, making trades more efficient and less expensive from bloated fees and the need to increase slippage tolerance. This feature alone will make the $DEXG trading platform much more enticing to your average trader.
In more technical terms, Uniswap sets prices using a Constant Product Function (CPF) as opposed to the Flowchain proposed Volatility Effect Function. The following graphs were taken from the official whitepaper to illustrate the effect order quantity has on token price. The curve for the Constant Product Function below shows that slippage will be raised exponentially the greater the quantity of tokens.
CONSTANT PRODUCT FUNCTION SLIPPAGE
By comparison, the Volatility Effect Function utilized by the DEXToken Protocol will look something like this for inflationary and deflationary tokens respectively. Notice how slippage is still raised exponentially but the ultimate price slippage is drastically reduced from the Constant Product Function making the Speculative AMM more suitable for decentralized exchanges.
SPECULATIVE AMM FOR INFLATION TOKEN
SPECULATIVE AMM FOR DEFLATION TOKEN
All of this is set forth in rigorous detail in the $DEXG whitepaper which I highly recommend reading if you are a serious investor. And, assuming you have taken an interest in $DEXG, it is likely that you are indeed a serious investor. The public team and company have had little time for short lived twitter hype trains and other staples of your average pump and dump tokens, instead choosing to focus on the product first and foremost while allowing brand awareness to accumulate organically. The official DEX beta is set to launch the end of this year, and sparks are sure to fly when the secret gets out that amidst the desolation of DeFi, a true diamond in the rough is being steadily honed by some of the most talented and visionary developers in the industry. You don't want to miss this one.
