SatoshiDEX is a decentralized exchange (DEX) constructed on Stacks blockchain and connects to Bitcoin using Proof of Transfer (PoX). This platform offers advanced digital asset trading for peer-to-peer trading by providing security and scalability by linking to Bitcoin. The goal is to make decentralized trading easier and simpler by taking away intermediaries and cutting costs on transactions.

Project Goals and Objectives

SatoshiDEX is trying to build a decentralized platform using Stacks' scalability and Bitcoin security. The objectives for which enables are first and foremost, to enable seamless peer-to-peer trading, minimize dependence on centralized exchanges and improve users experience in the cryptocurrency market. The goal of the platform is to bring decentralized finance to a wider audience by focusing on user friendly features.

Tokenomics

SatoshiDEX use $SATX as its native token. The total raised for the ICO was $12.86M across two token sales; token price was $0.00168. The supply of SATX is capped at 10 billion tokens. This structure provides for limited availability of tokens, but with long term value for SatoshiDEX users and facilitates growth and adoption within the SatoshiDEX ecosystem.

ICO Information

To implement its ICO, SatoshiDEX conducted it in two stages. The first pre-sale ended on the 23rd of February, 2024, with a token’s price of $0.00168 and the collected amount of $700,000. The second phase of the offering, which closed on July 4, 2024, brought in $12.16 million at the same per SATX price. Thus, the ICO funds will be used for the platform development and for expansion of the ecosystem.

Technology Features

SatoshiDEX relies on the Stacks blockchain, via the Proof-of-Transfer (PoX) mechanism to connect to Bitcoin. Such integration helps users trade directly on Bitcoin while leveraging on the Stacks scalability. Unlike directly employing Ethereum fees and wrapped assets, it is cheaper to employ in order to facilitate decentralized trading while leveraging on Bitcoin’s secure network.

Team and Leadership

Currently there is lack of information about the team that stands behind SatoshiDEX or its leader. But the management of the development and the growth of the platform is focused on professionals in the field of blockchain technology and the development of decentralized finance to make sure that the project meets the goal and grows in the crypto ecosystem.

Roadmap

SatoshiDEX has laid down plans for multiple development phases where the focus will be on the features of the platform, its scalability of, and connections to more blockchains. Future events, in turn, are to increase the number of users and market liquidity and introduce new functionalities to the platform. The roadmap helps to stay on the trajectory for the constant development of SatoshiDEX according to the market needs.