The crypto market has been dropping since March. However, amid all the bearish sentiments, some investors are now turning their eyes to the new digital token CandyDex (CANDYDEX ). And that’s understandable too considering that the team behind the project is expecting the CANDYDEX price to jump more than 1,000X in the future

We can believe that the CandyDex token could go on a run similar to that of ApeCoin and GMT, the popular Defi-inspired cryptocurrency.

Is CandyDex the next ApeCoin or GMT? Let’s take a look. They’ve all launched very recently – one of them is still in its presale stage – and shows promising potential for the months and years to come.

Interestingly, each new trend tends to produce a new wave of crypto millionaires, as the emergence of move-to-earn tokens, led by STEPN (GMT), has demonstrated most recently.

Despite its newness, it’s already been rumored to start another trend and revolutionize the Defi industry with the experimental concept of Defi ‘candydex.’ 

STEPN (GMT) is a move-to-earn crypto and social-fi app on the Solana (SOL) network.

The platform describes itself as a “web3 lifestyle app” that rewards users for maintaining a healthy lifestyle by walking, jogging, or running.

Although it’s still a relatively new idea, move-to-earn is similar to the P2E model in that it includes Game-Fi, Social-Fi, and NFT elements.

Instead of rewarding consumers for simply playing games, move-to-earn projects compensate them for leading better lifestyles.

The collection includes four different styles of sneakers.

The price of each pair of sneakers is determined by their type, rarity, and degree. The move-to-earn model, like many previous crypto trends, is quickly gaining traction and may even outperform P2E.

As a result, both the number of users on STEPN (GMT) and the demand for GMT has increased dramatically.

Could CandyDex token (CANDYDEX) follow in the footsteps of ApeCoin (APE) and, more recently, STEPN (GMT) in generating massive profits?

ApeCoin (APE) is about to celebrate its one-month anniversary, having launched on March 17, 2022.

ApeCoin is the newest initiative within the APE ecosystem, which originated through the ultra-popular Bored Ape Yacht Club (BAYC) NFT collection.

BAYC is a Non-Fungible Token (NFT) collection consisting of 10,000 algorithmically-generated profile pictures featuring apes with varying physical and clothing attributes that indicate different rarity levels.

From rapping star Eminem to football player Neymar Jr., many celebrities have been attracted to the BAYC collection’s imagery and perks it includes and decided to buy these NFTs for themselves.

In fact, owning a Bored Ape – or Mutant Ape, an alternative collection issued by the same entity – gives you access to exclusive events held in prestigious locations and hosting famous personalities.

Therefore, following its market launch, APE quickly became one of the most traded assets in the 1,000 largest Ethereum (ETH) wallets and was amongst the Top 10 most-bought tokens.

Within its first week of trading, APE performed a stellar +1,200%!

CandyDex is a DeFi platform for users to swap tokens, borrow BNB, MATIC, AVAX, FTM, and ETH against their favorite cryptocurrencies or increase their exposure.

The platform allows decentralized finance (DeFi) users to borrow, multiply their exposure to cryptocurrency and earn on their assets.

The CandyDex mission is to provide the most secure, trusted entry point to deploy capital in Defi. The team is composed of passionate thinkers and builders driven to create a better user experience for all while being able to maximize returns. .

CANDYDEX aggregates multiple DEXs into a single platform and allows traders to track the movements of thousands of tokens and synthetic assets and forecast the market movement before it moves.

In doing so, CANDYDEX tackles the principal vulnerability of today’s DEXs: significant slippage, non-real-time information, and the lack of market indicators.

The great and trustable feature here is the token contract was audited from “Tech Audit“, “Audit Whale” and others for best in standard features.

There are more audits from other trusted entities like “Haze Crypto”, “Celtic” (Pipeline), and “Hacken” which are in queue for final reports.

CANDYDEX is a POLYGON-native token. The CANDYDEX token was launched on Etherscan,  Binance Smart Chain, Polygon, Avax, Fantom & USDT Chain (BSC).

The CANDYDEX token has been performing extremely well in 2022, showing an incredible price spike throughout the IDO sale.

The primary function of CANDYDEX is to incentivize liquidity provision to the CANDYDEX platform, CANDYDEX allows crypto-holders to participate in the governance of this finance protocol as they enter to explore the space of decentralized finance (DeFi).

CANDYDEX is a cryptocurrency. Unlike other decentralized exchanges, CANDYDEX tokens allow holders to buy ETH, BNB, MATIC, AVAX, FTM & TRON-based crypto coins, which is termed a “swap”.

The action is seen as a more liquid way of exchanging large amounts of crypto.

CANDYDEX will hold an Initial Dex Offering on 25th April. The IDO will happen on CANDYDEX.

After the presale rounds were completed, the CandyDEx project immediately mobilized its plans according to schedule.

Specifically, the team launched the IDO, initiated another token burn, developed an NFT Marketplace, created a native blockchain, and launched a surprise airdrop with its new token. 

Also, CandyDex is planning to provide a staking portal, which will enable investors to maximize their returns by utilizing CANDYDEX through yield farming.

For the time being, the team has advised investors to stay tuned to CandyDex’s official Twitter and Telegram channels, where the listing details will be announced.

This IDO is one of the most anticipated for April 2022. The CANDYDEX IDO launchpad is often met with exciting sentiments.

Following an oversubscribed and successful pre-IDO sale going on, CANDYDEX has officially achieved its goal of 5.5 Million.

The sale will be extended, as the market fluctuations are causing a delay in their IDO sale as agreed prior to the second round sale start.

This final closing time will occur at 4 p.m. EST on June 22, 2022. CANDYDEX offers a special bonus for users to participate in their IDO sale.

Here the existing user will get a token bonus of 10% on May 17, 2022, and the new user will get 15% on their new token purchase.

Official Website | Telegram Announcements | Official Telegram | Twitter | Instagram | Medium | CandyDex Airdrop

The post Meet Candydex, the New Multichain DEX Network Token appeared first on BeInCrypto.

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