DIP Exchange Presents $DGT Fair Launch on Bounce Launchpad
Bounce Finance is thrilled to partner with DIP Exchange, a transparent decentralized derivatives exchange. Together we’re introducing the Fair Launch of DIP Exchange’s Governance Token, $DGT, at 2PM UTC on November 1st 2023. The $DGT Fair Launch will be conducted on Bounce Launchpad in the form of a Dutch Auction. This article dives into the logistics of DIP Exchange and equips you with key details on how to engage in the upcoming $DGT Fair Launch on Bounce Finance.
What is DIP Exchange?
DIP Exchange is a transparent decentralized derivatives exchange enabling the permissionless creation of perpetual trading for any asset by anyone.
What is $DGT?
$DGT is the governance token representing the ownership of the DIP Exchange’s Treasury. This token is used for voting on DIP Exchange’s governance portal for. decisions like new trading pair listings, APR adjustments, and major milestones down the roadmap. $DGT has a unique tokenomics where it can only be acquired by burning or staking $DIP, the utility token of DIP Exchange. $DGT has no private sales or team tokens — It’s exclusively available through Dutch auctions on Bounce Finance or the DIP Exchange staking portal. In essence, owning 1 $DGT gives you a share of DIP Exchange’s Treasury. With DIP Exchange’s current assets valued at $900,000, mainly in $DIP tokens, owning 1 $DGT out of 10 circulating $DGT tokens is equivalent to owning $90,000, which can be redeemable during the redemption period.
How to Purchase $DGT?
To purchase or earn $DGT, you’ll need some $DIP which can be acquired through BaseSwap and Equalizer.
The $DGT Fair Launch will be conducted on Bounce Launchpad in the form of a Dutch Auction. A Dutch Auction, also called a descending price auction, refers to a type of auction in which an auctioneer starts with a ceiling price and incrementaly lowers the price until someone places a bid. That first bid wins the auction (assuming the price is above the floor price), avoiding any bidding wars. To learn how to participate in a Dutch Auction, check out our step-by-step guide including a video tutorial.
$DGT Fair Launch Details
- Auction Page: https://app.bounce.finance/launchpad/dip_exchange
- Auction Method: Dutch Auction
- Start Time: 2PM UTC, Nov 1st 2023
- End Time: Within 24 hours or when the price reaches floor price
- Blockchain: Base Goerli
- Bidding Currency：$DIP
- Starting Price: 90 $DIP per $DGT
- Floor Price: 30 $DIP per $DGT
- Token Supply Amount: 250,000 $DGT (25% of total supply)
- Maximum Allocation per Wallet: No limit
- Token Release Method: Immediate release after auction ends
- Exchange: Baseswap
$DGT Allocation
$DGT Distribution Schedule
- DIP Stakers are rewarded DGT tokens on daily. DGT tokens are vested linearly across 4 years.
- Dutch Auction is conducted on a weekly basis with 4 years vesting.
Outstanding Features of DIP Exchange
- Strong ecosystem: DIP Exchange is built on top of the Base blockchain, which gives it access to a wide range of decentralized applications and services. This allows traders to easily access liquidity and other resources, such as price feeds and oracles.
- Full decentralization: DIP Exchange is fully decentralized, meaning that it is not subject to the control of any single entity. This makes it more resistant to censorship and gives traders more control over their funds.
- Fair governance: DIP Exchange is governed by a DAO, which is a decentralized autonomous organization. This means that the platform is controlled by its users, who can vote on proposals to change the platform’s rules.
- Risk management for LP holders: DIP Exchange offers a number of features to help reduce the risk for liquidity providers. These features include different pools of Senior/Mezzanine/Junior Tranches, which offer different levels of risk and reward.
- High flexibility of leverage trading: DIP Exchange supports up to 50x leverage, which allows traders to magnify their profits or losses. This makes it a good platform for traders who are looking to take on more risk in order to potentially earn higher returns.
- Multiple benefits: DIP Exchange offers a number of benefits to its users, including liquidity rewards, DIP token rewards, and access to a variety of trading tools and features.
- Creation of Perpetual Liquidity Pools: DIP V2 aims to offer projects and liquidity providers to freely create liquidity pools with open interest limits.
About DIP Exchange
DIP Exchange is a transparent decentralized derivatives exchange enabling the permissionless creation of perpetual trading for any asset by anyone.
