The DeXRP team has announced the launch of a decentralized exchange (DEX) on the XRP Ledger (XRPL). This platform aims to create a transparent trading environment for XRP users.
Overview of DeXRP
The launch of DeXRP coincides with the growth of the XRPL ecosystem, where the total value locked (TVL) has increased from $16 million to $80.63 million. DeXRP combines a hybrid trading model with an automated market maker (AMM) and a full order book, allowing both individual users and institutional participants to trade effectively.
DeXRP IDO Details
The current phase of DeXRP's initial token offering (IDO) is now live. It allocates 25% of the total supply — 500 million DXP tokens. The listing price has been set at $0.35, whereas the current presale price is $0.00525.
DeXRP Tokenomics
The utility token DXP offers holders trading fee discounts and access to premium tools. Liquidity participants can engage in the fee auction model and earn rewards based on liquidity tokens.
With the launch of DeXRP, the decentralized exchange is expected to provide quality trading conditions for a wide range of users and contribute to the further development of the XRPL ecosystem.
