The cryptocurrency market has seen a flurry of new utility cryptos arriving on the scene. Some offer metaverse and other unique DeFi solutions. Dexboss is a cryptocurrency project promising to deliver the latter. As the name suggests, Dexboss aims to provide a unique decentralized exchange that lets users enjoy all the centralized exchange-like facilities on a DEX.
Its native crypto, DEBO, is currently on presale and has raised over $135k to date. What lies ahead for the Dexboss price in the future?
What is Dexboss?
The official litepaper of Dexboss portrays it as a cryptocurrency project trying to increase the blockchain adoption rate by addressing key issues of the DeFi ecosystem. It highlights that new DeFi platforms are too complex for no reason and low liquidity issues make DEXs exclusive to crypto veterans.
Dexboss comes with a solution in the form of its own decentralized exchange. According to the developers, the DeFi economy can become more pleasing to deal with as users have access to a friendly UI, DEXs have deeper liquidity and competitive fees. The presence of advanced financial tools can also aid new users, while fast order execution would allow users not to miss out on investment opportunities in a volatile market.
Key Features to Tackle the Current DeFi Shortfalls
To address each of the lingering problems within the DeFi space, Dexboss claims to offer a comprehensive suite of tools:
Over 2000 Cryptos Supported: According to the project’s whitepaper, users will be able to trade over 2000 cryptos on the platform. Unlike other DEXs, where these tokens are often limited to meme assets, Dexboss promises to offer popular utility-based tokens as well, which are also suitable for long-term gains.
Trading Charts: Mirroring the feature that’s currently present in most centralized exchanges, Dexboss also promises to provide trading charts. Akin to TradingView, these charts will reportedly have all the analytical tools needed to assess the market.
Real-Time Order Execution: Speed is one of the key factors that makes Dexboss stand out. It claims that all trades will be executed swiftly on the platform, ensuring that there are no delays. This important feature could help users circumvent the losses suffered from rapid price changes of a particular asset.
Fiat On/Off Ramp: One of the key attributes that stop beginners from trying a DEX is the lack of fiat support. Dexboss claims to have curtailed this issue by partnering with 10 providers. This would help users convert their crypto to fiat and vice versa.
Liquidity Farm and Staking: Those who want to make passive income could use the platform for liquidity farming and staking. It creates a two-way street for Dexboss. Users can hold the tokens in the liquidity pools of their choice to secure Dexboss, and gain APY in return.
High Leverage Trading: In what could be said to be the first in the crypto industry, Dexboss is also planning to offer margin trading with high leverage options. A riskier form of trading, it has the potential to offer increased returns to most.
Dexboss Tokenomics – A Complete Overview
The Dexboss tokenomics is reportedly designed to tackle three challenges: token distribution, use of funds, and burn mechanism.
Token Distribution: 50% is allocated to the presale, 20% to team and advisors, 15% to the liquidity pool, 10% to marketing and partnerships, and 5% to community incentives.
Fund Usage has been highlighted as follows:
Development – 40%
Marketing – 30%
Operational Costs – 20%
Reserve Fund – 10%
In addition, Dexboss has opted for a comprehensive buyback and burn mechanism, buying back DEBO and then burning it to increase scarcity, and thereby the potential price of the token.
Dexboss Price Prediction – Short and Long Term
Dexboss is a utility crypto. However, it is available on presale, making it a viable investment for both short and long-term investors.
Short-Term Price Prediction
The token’s short-term value increase is predicated on how much development of the ecosystem Dexboss can show to the public. It means much of the initial traction that the token gets will depend on how it is perceived on social media. These initial posts can potentially inspire more investors to come aboard.
And when the presale concludes, this hype will fuel the token’s growth after its listing on a cryptocurrency exchange. A 5x increase for the token is possible since the listing price has already been set for the token. Beyond that, the DEBO price can experience another 20 to 30% increase.
Long Term Price Prediction
While DEBO’s short-term growth depends on the community’s perception of the token, its long-term growth will depend on how many features really go live for the public. The introduction of the decentralized exchange can potentially bring more value to Dexboss among those looking for tokens focused on use cases.
The types of cryptocurrencies added will also play their part, as will the types of staking rewards available. Our conservative estimate is that the DEBO price will reach $0.09 in the long term.
Is Dexboss a Good Investment?
Dexboss is introducing a novel use case involving a decentralized exchange. The talk of a user-friendly UI and support for multiple cryptocurrencies makes it enticing for many crypto investors. However, the platform has not disclosed its social media handles. It might come later, but the lack of it right now doesn’t provide much information about how the community feels about it.
Therefore, investors thinking about picking DEBO should consider other assets as well for the sake of diversification.
Best Wallet Token powers Best Wallet, a cryptocurrency wallet offering features mirroring Dexboss. It also plans to introduce a Best DEX, a decentralized exchange, and offer charting tools that users could leverage to make informed investment decisions.
Beyond that, Best Wallet also offers a slew of other perks involving early-moving opportunities, which can be enabled using the Best Wallet Token. With Best Wallet Token, users will be able to gain access to better staking pools with higher APY, and gain early access to some of the most trusted presales. To add icing on the cake, perks like reduced transaction fees and community governance are also available.
Additionally, the social engagement of this project is strong, with a recent tweet related to Daily Rewards as one of the highlights.
https://twitter.com/BestWalletHQ/status/1866815251775164834
Crypto influencers also like this project, with Crypto ZEUS saying that it could be the best crypto presale for the upcoming cycle.
Overall, the use cases surrounding Best Wallet are strong, which has led it to raise more than $3.5 million during its presale. Those interested can visit the official website to learn more about this project.
To keep up with latest developments within the ecosystem, follow Best Wallet on X or join its Telegram channel.
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