Building The Community and Listening To Our Advocates

Our team has decided to move the date of our IDO to January 12th, 2022 to better support our community and advocates.

The Dexpools team wants to thank all the early community members and investors who have been such an integral part of our team so far. Your support has given us the confidence to continue building a great product and moving towards our vision of ‘Creating a limitless ecosystem’ for DeFi. When the community and our ecosystem gives feedback, we want your voice to be heard.

When we first set our eyes on the original mid-December IDO date, the milestone was originally part of an ambition fueled by our desire to hit the market as hard as we could, as soon as we could.

However, things don’t always go as planned, and anyone that has been in the DeFi space long enough knows that adaptability is a key part of any team’s success.

Some major factors we discussed and heard throughout our decision-making process:

Community Building

Our communities have grown quickly across our social channels, and we have been able to onboard some incredible partners and advisors including Danish Chaudhry of Bitcoin.com Exchange, Don Ho from Quantstamp, RelayChain, Solarbeam, and various investment groups.

That being said, we want to take a bit more time to build trust with the community, and that can’t be rushed.

One specific request we heard was to provide more information and transparency around the founding team. Travis (Founder/CTO of Dexpools) and I are already doxxed, but will be updating our titles on social media like Linkedin as we get closer to the end of the year. We are both contracted to other technology / consulting firms and want to make sure we are leaving our current obligations in good standing – relationships mean everything to us. The rest of our team will doxx depending on their roles and community involvement.

We will also be hosting and participating in a variety of AMAs, the first which will be hosted by our launchpad partner Solarbeam.io. The Solarbeam team has been an invaluable source of guidance and community feedback and we are excited to interact with our community live.

Travis will also be demoing our app live at DCentralMiami next week on December 1st at 12:40 PM EST (https://www.dcentralcon.com/agenda) – don’t miss it! We want to meet as many of you as possible and show off the latest and greatest developments, so don’t be afraid to stop by and say hi!

Longer Runway for User Experience Enhancements

While we felt great about the state of our general user experience, smart contracts, and are confident about our chain support for Avalanche, Moonriver, and Ethereum, there is always a bit more we can do to ensure the best experience for traders.

To make sure the app is as streamlined as possible, we will be opening up our beta to select community members in several cohorts throughout the month of December and early January. Stay tuned for beta applications, they will be announced on our Twitter, Discord, and Telegram channels soon!

The feedback received as well as extensive internal testing will make sure that the entire application is ready for the heavy usage we expect and meets the standards of our community members.

A Thorough and Respected Audit

Security is one of the most important aspects of our escrow-less platform. Trades on Dexpools are executed by smart contracts that allow all traders to maintain custody of their valuable tokens until execution of a trade, which means our code has to be fool-proof.

Our smart contracts have been privately tested by our network of developers, including a private audit performed by team members from Zokyo.io – but until recently, we expected our platform to be ‘under audit’ until late Q1 at the earliest due to immense audit firm demand.

However, our good friend and advisor Don Ho was able to help us expedite the official audit of Dexpools with Quantstamp, a leading audit firm responsible for securing more than $100 billion worth of assets for industry giants including Avalanche and Top Shots. With the news of our audit scheduled for completion in Jan 2022, why not coincide it with our launch to make sure our community benefits from world-class auditors screening our application?

In Conclusion…

This is an exciting time for the DeFi and crypto world, and our tight knit community and partners has me looking forward to January 2022 (and 2022 in general). The team and I truly believe that our platform will help provide the ecosystem with value that is currently missing from the growing world of DeFi. P2P OTC trading built with the right experience with the right community will change the way traders approach project launches, transacting with their friends and network, and issues with slippage/front-running.
The community will always be our primary focus, and we want to make sure you always feel like your voice is heard.

More soon,

Dan Peng
Co-Founder
Dexpools

About Dexpools

DEXPOOLS is a decentralized, peer to peer (P2P) OTC DeFi platform. Individual buyers and sellers are able to create trade offers bound to specific wallets and execute a trade via smart contracts. There is no need for an escrow custodian or any trusted third party in the process.
Both buyers and sellers can set up swaps with literally zero slippage or impact on low liquidity markets. The only cost to use the platform is a low transaction fee for both trading parties vs the high slippage seen on most DEXs which can at times exceed 20-30%.

Our Whitepaper: Dexpools P2P OTC crypto brokerage platform Whitepaper