The journey to creating a utility token might not be an easy one for many developers. This is one reason that DxSale was created it is a decentralized, token management platform as a service (PaaS) that finetunes the experience of users when the token journey is considered. It is not news that when a utility token is churned out for the first time, it may be filled with issues, and this is what DxSale is trying to nip in the bud.
DxSale launched on August 2020, and churned out its dApp on December 2020, on the Ethereum network.
What Tokens Face From Conception
When a token idea has been conceptualized, it has to take some steps before it can reach fruition.
It has to be minted. The utility token either has to be minted or the creator has to import their custom token.
The token creators then have to raise new capital for their platform. This is usually done via the sales of their tokens. Platforms have to regularly improve itself, and this can be done by generating funds through the sales of their tokens.
The next thing that most developers of tokens do is to lock their team tokens or the LP tokens.
Afterward, the tokens will be listed on a decentralized exchange. This is the journey that most tokens have to face, and new ones will still face them.
DxSale is dedicated to ensuring that the aforementioned process is easily done by token creators without a stress in the world. What would have usually taken them a long time to do is now simplified with DxSale.
Why is DxSale Unique?
Recently, DxSale released its launch pad, thereby permitting anyone to create a coin on BSC easily. One incredible aspect of this launchpad is the fact that it is rug proof, meaning that the possibility of a rug pull is reduced or annihilated.
It has recently partnered with Polygon (formerly called Matic Network).
DxSale is offering users the opportunity to effortlessly launch their tokens in a system that is quite easy to use by a developer or even an investor. It will soon release new features like an NFT mechanism and a farming functionality. It is designed to be blockchain agnostic, meaning that it can work on any blockchain.
It can be utilized on numerous chains, and this is one reason that they have entered into partnerships with Polygon, Binance, ZIL and so on. From time to time, they will churn out new functionalities and partnerships with other decentralized giants.
One aspect that can never be ignored is the fact that it allows developers to easily launch their tokens without breaking a sweat. All that is needed is to fill a form, and you are good to go. DxSale blog has created an easy guide to fill out the form, and start minting the token. Every data is stored on the blockchain. Apart from the aforementioned, it is rug free, as the DAO locks a percentage of total capital raised.