SatoshiDEX Raised Over $5 Million to Launch a World’s First Bitcoin DEX
London, UK, March 22nd, 2024, Chainwire
SatoshiDEX — the world’s 1st decentralized exchange, has raised now over $5,300,000 to lead the DeFi on Bitcoin.
Pre-Sale is offering users the chance to invest in $SATX, SatoshiDEX’s native token. According to the project’s whitepaper, 30% of the total $SATX supply will be distributed through this pre-sale, giving early adopters a unique opportunity to be part of this groundbreaking platform.
The team views the success of this presale as an indication of the potential that SatoshiDEX holds. It aims to bridge the gap between Bitcoin’s established security and the exciting world of DeFi.
$SATX Pre-Sale is currently LIVE: https://satoshidex.ai/?ref=stdex-of6tGT4i
Bitcoin Ecosystem holds the potential and security as the foundation for a new financial system within the Web3 space.
Chris Dixon, General Partner at a16z Crypto said:“Bitcoin is the strongest computer ever built. It’s a hundred trillion dollar computer that’s purpose-built for securing one scarce digital asset. That’s a powerful starting point for a new financial system.”
SatoshiDEX is led by a visionary team dedicated to reshaping decentralized finance. Beyond building the world’s first Decentralized Exchange built directly on the Bitcoin L2, they are passionate about creating a robust and inclusive Bitcoin DeFi ecosystem. This extends far beyond just trading, aiming to foster community participation, develop innovative financial products and services, and ultimately empower users with greater control and flexibility over their Bitcoin assets.
The investment, raised in a Pre-Sale Round, highlights interest in Bitcoin Ecosystem projects in the crypto space. The team hopes that Investors will see SatoshiDEX.ai as crucial for advancing decentralized finance on the Bitcoin blockchain.
Core Features:
- On-chain trading: SatoshiDEX facilitates peer-to-peer trading of Bitcoin-based assets directly on the blockchain, enabling trustless and transparent transactions.
- Liquidity pools: Similar to Uniswap, SatoshiDEX utilizes liquidity pools for price discovery and efficient asset exchange. Users can contribute assets to pools and earn rewards in exchange for providing liquidity.
- Stacks L2 chain: Leveraging the Stacks L2 chain, SatoshiDEX aims to overcome scalability limitations on the Bitcoin main net, offering faster and cheaper transactions.
SatoshiDEX.AI approach to DEX development on Bitcoin offers a paradigm shift in decentralized asset trading. With Bitcoin’s security, SatoshiDEX.ai is able to create a decentralized financial ecosystem.
SatoshiDEX.AI Whitepaper is also available!
With this funding, team is poised to redefine decentralized exchange technology, setting new standards for transparency, security, and accessibility in digital finance.
About SatoshiDEX
SatoshiDEX, operating on the Stacks Layer 2 chain, is a groundbreaking DeFi protocol revolutionizing the Bitcoin blockchain ecosystem. As a decentralized exchange, SatoshiDEX facilitates seamless asset swaps and liquidity provision, eliminating the need for wrapped assets and costly Ethereum fees.
With its platform at satoshidex.ai, users can directly trade tokens on Bitcoin, enhancing accessibility and reducing transaction costs. Leveraging the Stacks Layer 2 chain ensures swift transaction processing while maintaining the security and decentralization.
SatoshiDEX leads a new era of decentralized finance, where innovation meets with utility on the Bitcoin blockchain.
