TIDEFI Launches DEX App And Unique TDFY Sunrise Pool Token Distribution as Mainnet Goes Live
TIDEFI has launched the mainnet of its unique trading platform and ecosystem, which provides financial services and empowerment. Alongside the mainnet launch, the project is also launching its DEX app and Sunrise Pool token distribution.
Users can place limit orders on the native decentralized exchange standalone app, which will be available on all major desktop operating systems and Android and iOS mobile devices later this year.
TIDEFI seeks to provide a unified platform that is easy for new crypto traders to use and, simultaneously, suits existing users. According to its Co-founder and CEO, Daniel Elsawey, the app will provide a secure environment for users, leveraging the strengths of both centralized and decentralized exchanges.
“Looking at the industry over the last couple of years, specifically in the exchange space, we wanted to build a secure DEX that leveraged the price discovery and speed of a CEX, whilst giving the user complete control of their funds. Combining this with chain agnostic interoperability, we are excited to offer a transparent ecosystem for our community to participate in,” he said.
TIDEFI is a unique decentralized exchange (DEX) built on the substrate-based Tidechain, a permissionless nominated Proof of Stake (nPoS) Blockchain. It supports various digital assets and is powered by Tidefi Token (Ticker: TDFY), which governs the underlying Tidechain network. Holders can also participate in governance and validation of the network and revenue generation of the exchange.
The app uses the Tauri open-source front-end framework developed by the team to ensure it is secure. It also uses Stronghold to ensure that users’ digital secrets or private keys are not exposed to other applications or bad actors.
To mark this huge milestone of the mainnet and Dex app launch, TIDEFI will distribute 320 million TDFY Tokens, representing 32% of all tokens minted at Genesis, to community members through the TDFY Sunrise Pool. The community treasury already holds 40% of all initially minted tokens.
The project has a team of 20 members dedicated to the platform and the ecosystem. The team secured 2.5 million GBP funding during its seed round, and is demonstrating that a major crypto project such as TIDEFI can kick off without any ICOs, VC funding, or an unsustainable business model.