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Cryptocurrency News Articles

Satoshi DEX Presale Surges Past $9 Million, Bringing Bitcoin Trading to the Stacks Blockchain

Apr 08, 2024 at 11:57 pm

Satoshi DEX, the groundbreaking Bitcoin DEX built on the Stacks blockchain, has surpassed $9 million in presale funding. The platform enables peer-to-peer trading of digital assets directly on Bitcoin, eliminating the need for wrapped assets and expensive Ethereum fees. With a user-friendly interface and advanced features like staking and second-tier solutions integration, Satoshi DEX aims to revolutionize decentralized finance on the Bitcoin blockchain.

Satoshi DEX Presale Surges Past $9 Million, Bringing Bitcoin Trading to the Stacks Blockchain

Satoshi DEX Presale Surges Past $9 Million, Ushering in a New Era of Decentralized Bitcoin Trading

London, UK, April 8th, 2024 - Satoshi DEX, the world's first decentralized exchange (DEX) built on the Stacks blockchain, has reached a significant milestone with its presale funds exceeding $9 million. This surge in investor interest underscores the growing demand for a secure and accessible trading platform within the Bitcoin ecosystem.

The presale, which is currently ongoing, has seen overwhelming support, with less than 6% of its allocation remaining. Given the rapid pace of investment, the team anticipates a successful close of the presale.

Following the successful completion of the presale, Satoshi DEX will embark on its Mainnet launch and initial liquidity phase, scheduled for the third and fourth quarters of 2024. This will involve:

  • Mainnet Launch: Deployment of Satoshi DEX on the Stacks mainnet, enabling live transactions and liquidity.
  • Initial Liquidity Pools: Creation of the first set of liquidity pools, focusing on key Bitcoin and Stacks pairs to foster early adoption.

Satoshi DEX is designed to provide users with a seamless and secure trading experience, offering:

  • Intuitive User Interface: A user-friendly platform that simplifies navigation and trading.
  • Expanded Asset Support: Support for a wide range of digital assets, including Bitcoin and Stacks tokens.
  • Second-Tier Solutions Integration: Integration with second-tier solutions, such as the Lightning Network, to facilitate fast and low-cost transactions.
  • Enhanced Security: Robust security measures to protect user funds and ensure the integrity of the platform.
  • Direct Trading on Bitcoin: Elimination of wrapped assets and expensive Ethereum fees, allowing users to trade tokens directly on the Bitcoin blockchain.

Additionally, Satoshi DEX offers staking rewards, providing users with an opportunity to earn $SATX tokens for actively participating in the network.

About Satoshi DEX

Satoshi DEX is a groundbreaking DEX built on the Stacks blockchain, a layer-2 blockchain connected to Bitcoin through Proof-of-Transfer (PoX) consensus. Inspired by the success of Uniswap, Satoshi DEX enables peer-to-peer (P2P) trading of digital assets while offering unique advantages due to its integration with Stacks.

By leveraging the Stacks Layer 2 chain, Satoshi DEX enables swift transaction processing while maintaining security and decentralization. This platform opens up new possibilities for decentralized finance, allowing users to interact with the Bitcoin blockchain in a seamless and cost-effective manner.

For more information about Satoshi DEX and its presale, please visit the official website or Twitter page.

Contact:

Jeremy Nita
Satoshi DEX
[email protected]

Disclaimer:

This article is a sponsored press release and is solely for informational purposes. It does not reflect the views of any news outlet or financial advisor, and should not be taken as financial advice. All investments carry risk, and readers should always conduct their own research before making any investment decisions.

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