PRESS RELEASE. Bitcoin shows high results at the start of Q4 with an average of 23.3% return showing a strong seasonal trend. It remains the best-performing asset and continues to capture the global attention of investors and market participants.
“Bitcoin was almost the sole beneficiary, seeing US$2.2B of inflows last week, although the recent price appreciation also prompted inflows into short-bitcoin of US$8.9M.”
CoinShares head of research James Butterfill
While Bitcoin shows its historical performance, the World’s First decentralized exchange (DEX) on Bitcoin— SatoshiDEX announced its highly anticipated listing on Gate.io, a leading tier-1 exchange.
The TGE & Listing of $SATX token on Gate.io will happen on Thursday, November 7th at 8AM UTC.
Built on the Stacks blockchain, SatoshiDEX allows peer-to-peer trading on Bitcoin, becoming a revolutionary step forward for cross-chain asset swaps.
The initial listing of $SATX marks an exciting new chapter for the platform as it expands its reach within the cryptocurrency market.
SatoshiDEX as the First Bitcoin DEX
With Bitcoin surging amid investor interest in ETFs and increasing market inflows, SatoshiDEX stands poised to capture the spotlight. It brings the trusted trading mechanics seen in platforms like Uniswap but is specifically tailored for the Bitcoin ecosystem. The platform’s upcoming launch of $SATX aims to bridge Bitcoin’s unmatched security with the benefits of decentralized finance, creating a secure, flexible, and efficient trading experience.
A core innovation of SatoshiDEX is its use of the Stacks Layer 2 blockchain, which allows it to offer enhanced functionality beyond traditional DEXs:
- Cross-Chain Swaps: Trade Bitcoin seamlessly with other digital assets.
- Enhanced Security: Built on Bitcoin and fortified by the Stacks blockchain, SatoshiDEX offers robust protection.
- Scalable Infrastructure: The Stacks network enables high-speed transactions, ensuring smooth trading.
$SATX Token Launch
The $SATX token listing represents a significant step forward for the SatoshiDEX ecosystem. As the token debuts, early investors can participate in SatoshiDEX’s Dynamic Staking System, unlocking staking rewards that incentivize early participation.
Key milestones ahead include:
- Mainnet Deployment: Bringing SatoshiDEX live on the Stacks Mainnet, enabling real trading and liquidity.
- Initial Liquidity Pools: Establishing liquidity pools focused on Bitcoin and Stacks pairs to drive user engagement.
- Cross-Chain Compatibility: Future upgrades will expand trading options to cover additional assets, enhancing the versatility of SatoshiDEX.
Building the Future of Bitcoin DeFi with SatoshiDEX
By creating a DEX that combines the security of Bitcoin with the fluidity of DeFi, SatoshiDEX is leading the way in Bitcoin-based decentralized finance. $SATX holders gain access to a suite of benefits, from exclusive access to liquidity pools to governance rights that allow active participation in platform decisions. The project’s design reduces dependency on costly Ethereum fees and eliminates the need for wrapped assets, enhancing efficiency and lowering costs for users.
About SatoshiDEX
SatoshiDEX redefines the Bitcoin trading landscape by integrating decentralized finance with Bitcoin’s foundational principles. Harnessing the Stacks Layer 2 blockchain, SatoshiDEX enables secure, seamless asset swaps and liquidity provision directly on Bitcoin, unlocking the potential for cross-chain DeFi while minimizing user costs.
In a landscape where Bitcoin remains the most popular and profitable cryptocurrency, SatoshiDEX’s launch signals the beginning of a new era in Bitcoin-powered decentralized finance.
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