Avalanche is arguably the fastest smart contracts network platform in the blockchain industry. A large number of projects and apps are clamoring to participate in the new economy facilitated by AvalancheAVAX, and it’s easy to see why. Novel multi-chain architecture, subnetwork scaling, and the largest number of validators of any proof of stake protocol are just some of the features that make this technology so exciting.
Dexalot and Colony together organically support the Avalanche ecosystem community to align their intellectual interests with their financial ones. Both Colony and Dexalot are focused on making aspects of traditional finance more decentralized and accessible to all. Dexalot’s mission is to bring the traditional exchange experience — namely the Central Limit Order Book capability — decentralized to everyone worldwide with a special emphasis on retail traders. Colony’s vision is to bring the structural integrity of traditional finance into the Avalanche DeFi ecosystem. Dexalot and Colony’s partnership will quite literally change the world of finance as we know it.
- $ALOT Airdrop to Colony members
- Dexalot Discovery for Colony fairly launched tokens
- Dexalot Testnet Battle for Colony members
As part of the Colony’s Early Investment program, Dexalot $ALOT tokens will be airdropped to colony members who have staked CLY tokens. $ALOT is a multi-utility token planned for use in Dexalot governance, to pay transaction gas costs in a future Dexalot subnet, for staking on that subnet and as an incentive for promotion and use of the exchange. Colony members are now in a position to enlarge their diversified portfolio of fairly launched tokens and increase the actual sustainability of their collections because the signature product of Dexalot, Dexalot Discovery, which increases the number of fairly launched tokens into the Avalanche Ecosystem will also be deployed in partnership with Colony.
Both Dexalot and Colony have nurtured new software engineers and helped entrepreneurs by sponsoring and participating in a hackathon and by carrying out joint AMAs to educate the various communities. The third and final Dexalot Testnet Battle game simulation of the process of Dexalot Discovery was open to Colony members. The purpose of the game is to simulate the actual situations in which price discovery will function. By participating in the game you learn how the process works as well as how the user interface functions.
There are other integrations and reciprocal benefits that can be imagined and will likely grow as both Dexalot and Colony begin to manifest their own forms of governance and as a future Dexalot subnet emerges.
Elie Le Rest, CEO of Colony said in a recent AMA “This is a powerful tool for the Avalanche community, to be able to engage with projects very early and contribute to their development and potentially bring funding through Colony”. The contributions of Dexalot and Colony together have grown beyond this development into a reciprocal relationship that is poised for nothing short of progressively evolving the Avalanche community ecosystem. Come join us in this revolution to reform, reshape and redistribute the internet of finance.
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Writer: Brad McFall
Editor: Dan Marcoulis
Dexalot is a revolutionary decentralized exchange aiming at bringing the traditional centralized exchange look and feel to a decentralized on-chain application. Its mission is to bring a truly inclusive and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk. It is built on Avalanche, the fastest smart contracts platform in the blockchain industry.