The cryptocurrency market has seen an avalanche of new utility cryptocurrencies appear. Some offer metaverse and others unique DeFi solutions. Dexboss is a cryptocurrency project that promises to offer the latter. As the name suggests, Dexboss aims to provide a unique decentralized exchange that allows users to enjoy all the centralized exchange-like facilities on a DEX.
Its native cryptocurrency, DEBO, is currently in pre-sale and has raised over $135K to date. What’s in store for Dexboss price in the future?
What is Dexboss?
The official Dexboss document describes it as a cryptocurrency project that attempts to increase the adoption rate of blockchain by addressing key issues of the DeFi ecosystem. He highlights that new DeFi platforms are overly complex for no reason and low liquidity issues make DEXs exclusive to cryptocurrency veterans.
Dexboss comes with a solution in the form of its own decentralized exchange. According to the developers, the DeFi economy can become more enjoyable as users have access to a friendly user interface, DEXs have greater liquidity, and competitive fees. The presence of advanced financial tools can also help new users, while fast order execution would allow users not to miss investment opportunities in a volatile market.
Key Features to Address Current DeFi Shortcomings
To address each of the persistent issues within the DeFi space, Dexboss claims to offer a comprehensive set of tools:
- More than 2000 cryptocurrencies supported: According to the project whitepaper, users will be able to exchange more than 2,000 cryptocurrencies on the platform. Unlike other DEXs, where these tokens are often limited to meme assets, Dexboss promises to also offer popular utility-based tokens, which are also suitable for long-term gains.
- Trading Charts: Mirroring the feature that is currently present on most centralized exchanges, Dexboss also promises to provide trading charts. Like TradingView, these charts will have all the analytical tools needed to evaluate the market.
- Order execution in real time: Speed is one of the key factors that makes Dexboss stand out. It claims that all trades will be executed quickly on the platform, ensuring there are no delays. This important feature could help users avoid losses incurred due to rapid price changes of a particular asset.
- Fiat on/off ramp: One of the key attributes that prevents beginners from trying a DEX is the lack of fiat support. Dexboss claims to have reduced this problem by partnering with 10 vendors. This would help users convert their cryptocurrencies into fiat and vice versa.
- Liquidity farm and bets: Those who wish to earn passive income can use the platform to generate liquidity and stake. Create a two-way street for Dexboss. Users can hold tokens in liquidity pools of their choice to secure Dexboss and earn APY in return.
- High leverage trading: In what is arguably a first in the crypto industry, Dexboss also plans to offer margin trading with high leverage options. It is a riskier form of trading and has the potential to offer higher returns to most.
Dexboss Tokenomics – A Complete Overview
Dexboss tokenomics is reportedly designed to address three challenges: token distribution, fund usage, and burning mechanism.
- Token distribution: 50% is allocated to pre-sales, 20% to the team and advisors, 15% to the liquidity pool, 10% to marketing and partnerships, and 5% to community incentives.
- Use of funds has been highlighted as follows:
- Development – 40%
- Marketing – 30%
- Operating costs – 20%
- Reserve Fund – 10%
- Furthermore, Dexboss has opted for a comprehensive buyback and burn mechanism, buying back DEBO and then burning it to increase the scarcity and therefore the potential price of the token.
Dexboss Price Prediction – Short and Long Term
Dexboss is a crypto utility. However, it is available for pre-sale, making it a viable investment for both short-term and long-term investors.
Short term price prediction
The short-term value increase of the token is based on how much development of the Dexboss ecosystem can show to the public. It means that much of the initial traction the token gets will depend on how it is perceived on social media. These initial posts can potentially inspire more investors to get on board.
And when the pre-sale concludes, this hype will fuel the growth of the token after its listing on a cryptocurrency exchange. A 5x increase is possible for the token as the listing price has already been set for the token. Beyond that, DEBO price may see 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 are actually available to the public. The introduction of the decentralized exchange can potentially bring more value to Dexboss among those looking for use case-focused tokens.
The types of cryptocurrencies added will also play a role, as will the types of staking rewards available. Our conservative estimate is that 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. Talking about an easy-to-use user interface and support for multiple cryptocurrencies makes it attractive to many cryptocurrency investors. However, the platform has not revealed their social media handles. It may come later, but the lack of it right now doesn’t provide much insight into how the community feels about it.
Therefore, investors thinking about choosing DEBO should also consider other assets for the sake of diversification.
Best wallet token powers Best Wallet, a cryptocurrency wallet that offers 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 number of other advantages involving early movement opportunities, which can be enabled using the Best Wallet Token. With Best Wallet Token, users will be able to get access to better staking pools with higher APY and get early access to some of the most reliable pre-sales. 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 being one of the highlights.
Crypto influencers also like this project, with ZEUS Crypto saying it could be the best cryptocurrency pre-sale for the next cycle.
Overall, the use cases surrounding Best Wallet are strong, leading it to raise over $3.5 million during its pre-sale. Those interested can visit the official website to learn more about this project.
To stay up to date with the latest developments within the ecosystem, follow Best Wallet on unknown or join your telegram channel.
