FalXDeX

FalXDex is a decentralized exchange (DEX) built on the Solana blockchain, launched in May 2024. Leveraging the speed and power of the Solana network, it introduces the FalXDeX (FALX) token. FALX serves as the native utility token, fostering a self-sustaining ecosystem by rewarding holders and ensuring an efficient economic model.^[1]^[2]

On the 16th of May, FalXDeX announced the successful completion of the FalXDex PinkSale Fairlaunch presale. The event, which began on May 8, 2024, and concluded on May 15, 2024, garnered an impressive 2162 Sol, marking a significant milestone for this decentralized exchange (DEX).^[3]

Overview

FalXDeX, launched in 2024, is a decentralized exchange (DEX) built on the Solana blockchain, offering the FalXDex (FALX) token. The platform emphasizes speed, security, and user experience, leveraging Solana's high-performance network. FalXDeX ensures high liquidity, facilitating seamless trading experiences for users. By harnessing Solana's network capabilities, transactions on FalXDeX are executed swiftly and securely. Additionally, FalXDeX's non-custodial trading model allows users to retain control over their assets at all times.^[1]
wiki FalXDeX has also prioritized its user experience by offering a user-friendly interface and innovative features, including an Anti-MEV RPC, reduced fees on open market trades, and a staking protocol that redistributes 50% of rewards to the top 100 stakers. This combination of these features makes FalXDeX an attractive option for traders and investors seeking a reliable and efficient decentralized trading platform.^[4]

Central to FalXDeX's ethos is its unwavering commitment to KYC compliance. The project founder's transparent identity, verified through KYC, sets a standard for trust and reliability. To further fortify its security measures, FalXDeX requires KYC verification for its smart contract developers, ensuring a secure trading environment. The project received the certificate of compliance from SolidProof and also passed the KYC on Pink sale.^[5]

Features

Fast and secure trading

FalXDeX offers fast and secure trading, leveraging Solana's high-performance network to ensure swift order execution while implementing robust security measures to protect users' assets and information. This combination provides users with a reliable and efficient trading platform that meets the demands of the cryptocurrency market.

High liquidity

In FalXDeX, high liquidity is a key feature that ensures a wide range of trading pairs with substantial trading volume. This feature allows traders to buy or sell assets at fair market prices without experiencing significant price slippage. FalXDeX achieves high liquidity by attracting a large number of traders and liquidity providers to its platform, making it an efficient and reliable decentralized trading venue.

Full transparency with the community

FalXDeX prioritizes full transparency with its community, ensuring open and honest communication. This commitment builds trust by providing clear information about the platform's operations, development roadmap, and governance decisions. It features a doxxed founder who has passed KYC, demonstrating a commitment to transparency and trust. Additionally, the platform requires the smart contract developer to pass KYC, further enhancing its security measures and credibility.^[1]^[5]

FALX token

$FALX is the native token of FalXDeX, It was launched on the Solana blockchain on May 17th, after completing a large 2000+ $SOL fair launch on Pinksale. $FALX is a crucial component that fuels the platform. With a fixed total supply of 10 billion FALX tokens, adhering to the SPL-20 token type, the FALX token aims to deliver sustainable value and growth for its holders.^[6]

$FALX tokens can be traded on Centralized Crypto exchanges and Decentralized exchanges, which include MEXC, Raydium, and Jupiter.^[7]

Token Allocation

Airdrop - 0.7 billion $FALX
Marketing - 1.2 billion $FALX
Presale - 3 billion FALX
Staking Rewards - 1.4 billion $FALX
Liquidity - 2.85 billion $FALX
Team - 0.85 billion $FALX

Multi-Signature Wallets Detailed:
- Staking Wallet (14%)
- Marketing Wallet (12%) and
- Airdrops SolX (7%)
wiki This represents 33% of the total (labeled unlocked on the PinkSale chart), requiring the approval and execution of an agreed transaction by three people. These transactions will include refilling the staking rewards contract, conducting project marketing, and sending FALX airdrops.

Having these Multi-Signature wallets provides FalXDeX with an extra layer of security and protection.^[8]

FALX Token Utility

The $FALX token serves multiple purposes:

Native DEX: The token has launched and is tradable directly on the FalXDex website.
Long-term FALX value: Due to fixed total supply without minting, the value of the FALX token is likely to increase over time.
Staking Rewards: Users can stake their FALX tokens to earn passive income and help secure the platform (after staking will be launched, both for single token and LP).
A portion of the Dex's fees collected is going to be distributed weekly by way of airdrop, to the top 100 FALX stakers.
Fees collected from staking, harvesting & unstaking, all feed back into the FalXDex ecosystem (Staking & harvest fee = 1.5% with unstaking being 1%)^[9]