#iotex chain dex Loxodrome has updated its official website and looks good. Let's talk about this project briefly. 🧐

The main trading tool used by users on the IoTeX chain is mimo, but mimo does not have its own governance token, which makes users and ecological projects have no motivation to add lp, so the tvl on the IoTeX chain has not been optimistic. What innovations has Loxodrome made compared to mimo?

1️⃣ The token model is Ve33, which balances the interests of LP, trader, holder and protocol very well

2️⃣ Focus on #depin assets, use a large part of LP airdrop rewards for DePIN protocol and give more exposure and special rights

3️⃣ 90% of the initial tokens are used for airdrops to maximize the incentive for users to participate in the protocol

4️⃣ Cooperate with WEN and uniIOTX, and plan to introduce more DePIN assets

5️⃣ The international team is experienced and the project has been audited

What is worrying at present is that Loxodrome's tvl is not high and users are not willing to trade. I hope that the airdrop in May will stimulate the enthusiasm of users, and the well-designed ve33 economic model will turn the positive flywheel to activate DeFi on the IoTeX chain to create a catfish effect. $IOTX 🐐