Written by: Kaduna
Compiled by: TechFlow
Bitcoin has been going through a cultural and technological shift in recent times through Ordinals and Stacks, and there is a project on Stacks that is expected to stand out in the future. This is ALEX, a DeFi platform on Stacks.
Alex Labs is an open source platform that supports smart contracts, DeFi, and NFTs on Bitcoin. Through Stacks, Alex Labs is able to provide two main functions:
Launchpad; the most liquid DEX on Stacks.
When you think of DEX, you think of platforms like Uniswap and Pancake swap, but what about a DEX designed for BTC?
Alex has successfully built a DEX on Bitcoin, allowing for swapping, staking, and liquidity mining on $BTC in a fully decentralized manner.
Alex Labs DEX provides an AMM and an off-chain order book to assist other projects built on the Stack. In addition to the standard DEX, they also offer the Alex order book, which is still on testnet, which allows users to enable leveraged trading on their DEX.
$STX as gas fee for Stacks. Transaction times range between 10 and 30 minutes. But this will change after the Nakamoto upgrade later this year!
As a decentralized exchange, you have full control over your assets, which remain on Stacks at all times, with the benefit of having the high security of Bitcoin.
As derivatives DEXs become more and more popular, Alex OrderBook has positioned its product well to take the lead in grabbing market share.
Some of the more noteworthy features of Alex Labs OrderBook are:
Fast Withdrawals Contract Trading Mobile App (coming soon) Fiat Currency Channels Multi-Chain Wallet Integration
With the ability to match and settle 200,000 orders per Bitcoin block, they can provide instant confirmation and the security of Bitcoin, making the Alex Labs OrderBook/Perpetual DEX one of the fastest and most secure products on the market.
Not only that, the Alex Labs team is building their IDO Launchpad.
With the development of the Stacks platform and the iteration of Bitcoin technology, more and more projects choose to build on Stacks, and Alex Labs' Launchpad provides a place for these projects to start.
This is a smart move as it not only makes them a key player in launching new projects on Stacks, but also generates publicity for Alex Labs with each project they launch.
Participating in the IDO through Launchpad requires APower, which is obtained by participating in liquidity mining and staking its native token ALEX.
There are currently 5 pools that reward both ALEX and APower. The more APower you hold, the greater the allocation you will receive on Launchpad.
As we all know, participating in IDO can bring rich returns to users. The returns of the two IDOs they have done in the past were 3.49 times and 14.21 times, setting a record high.
Token List:
Price: $0.082 Market Cap: $36M FDV: $82M Circulation: 442,354,966 Max Supply: 1 billion
$ALEX is the native token of Alex Labs and is a requirement for participation in the platform as well as a medium of reward for providing liquidity and staking. The team has allocated 50% of the token supply to staking.
In addition to participation and rewards, $ALEX is the project’s governance token, allowing holders to vote on actions such as:
Future development; pledge policy; reserve allocation, etc.
Alex is truly a pioneer in Bitcoin DeFi, so a market cap of just $36 million is vastly underestimated in my opinion.
Alex Labs and $ALEX have their own perpetual DEX, mobile app, and fiat currency in and out channels under construction, all of which show their huge upside potential.
