Genesis Pool to launch its 5th IDO: IndoDEX
The next-gen Decentralized Exchange on BSC focused on revolutionizing the Indonesian cryptocurrency market
Genesis Pool (GPool), the decentralized cross-chain launchpad is excited to announce its fifth IDO: IndoDEX — the next-gen Decentralized Exchange on BSC focused on revolutionizing the Indonesian cryptocurrency market.
Continuing the non-stop chain of IDO’s, Genesis Pool will launch IndoDEX, immediately after a fourth successful raise with Infomatix.
All IDO’s launched on the Genesis Pool launchpad are doing incredibly well, giving the GPool OG community hundreds of percentages of profits on their investments. The community has shown great support thus far for back-to-back (to-back-to-back) IDO’s, and it’s clear to see why!
IndoDEX
The next-gen Decentralized Exchange on BSC focused on revolutionizing the Indonesian cryptocurrency market.
The Indonesian crypto community as a whole operates entirely in the centralized hands of Indodax, a leading CEX in the regional market, with $125,000,000 in volume on over 70 trading pairs.
The Indonesian cryptocurrency market is experiencing momentous growth, and with it, calls for a decentralized version of the most popular exchange in the country are becoming more common. IndoDEX aims to compete with its centralized counterpart, matching their most prominent features, the ease of use, interface, and cheap transaction fees among others.
The new Indonesian DEX offers low trading fees by operating on the Binance Smart Chain, a simple to use and efficient interface, and perhaps most importantly, they integrate the core values of decentralization to the local crypto market. Safe funds, no middleman, and a unique staking system differentiate Indodex from its competitors. IndoDEX will quickly disrupt the current crypto exchange monopoly in Indonesia.
In their own words:
“Users are incentivized to pool liquidity on IndoDEX through yield farming to earn the native currency, $IDDX. Additionally, users can use their earned $IDDX to stake and earn other tokens and unlock exclusive features. We have a dedicated team with years of experience who are committed to the DeFi community and ready to revolutionize the Indonesian market.”
IndoDEX IDO tokenomics and timeline
IndoDEX will allocate its public round of funding to Genesis Pool.
Tokenomics
Public 35%: 94,500,000 @ $0,0063 fully diluted
Liquidity Provision 20%: 54,000,000
Team 5%: 13,500,000 will be locked for 4 months
Advisors 5%: 13,500,000 locked for 4 months
Treasury 10%: 27,000,000
Marketing & Rewards 25%: 67,500,000
Open market price: at $0,009
Sale Details
- Target Raise: $600,000
- Price per token: $0,00635
- Allocation amount: $500-$1000
- Allocation Type: Public Round
- Vesting Periods: 3 months — 33.3% each month for 3 months
Timeline
8th November 11:00 AM UTC: Internal AMA (AMA in the GPool Telegram group with the Indodex team)
9th November 12:00 AM UTC: Whitelist opens
10th November 06:00 AM UTC: Whitelist closes
11th November 12:00 AM UTC: Round 1 starts
12th November 06:00 AM UTC: Round 1 ends
12th November 06:00 AM UTC: Whitelist for round 2 begins
14th November 06:00 AM UTC: Whitelist for round 2 ends
15th November 12:00 AM UTC: Round 2 starts
16th November 06:00 AM UTC: Round 2 ends
Whitelisting will take place through the Genesis Pool website and further details will be released on how to participate.
Further information regarding IndoDEX
IndoDEX aims to spearhead the modern digital revolution against centralized “modern colonialism”. They aim to be a rallying cry for the Indonesian crypto community to come together and oppose the corroded financial system.
In their own words:
“Nothing will feel like the right time if its not now, the time when we move from a platform that is controlled by one party (modern colonialism) to a platform that gives ourselves complete control of our own assets. Platforms that do not take policies unilaterally. A truly decentralized platform.
The revolution must begin immediately.
We realize it will be a long journey, long battle, won’t be blood but lots of sweats and sacrifice will be made. It will be just a modern war to reach a literal freedom. Bung Tomo’s spirit will be a beacon, when we give up and despair, “It is better to die, than to live but be colonized”.
For further information please register your email on our website for all future whitelistings.
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