In support of IoTeX’s mission to build the fastest, most secure, and most scalable blockchain network on the market, Encentive has received a grant from the IoTeX Foundation to integrate its turn-key DeFi DEX Builder with IoTeX’s Layer 1 public blockchain. Through this grant, IoTeX has recognized Encentive’s DeFi DEX Builder for its strong potential to contribute to network growth and adoption of IoTeX technology.

Encentive is poised to exponentially increase crypto adoption and everyday use-cases with the Encentive DeFi DEX Builder (EDDB). EDDB is a turn-key solution that enables community leaders, influencers, and enterprises to instantly create and customize their own DeFi marketplaces for crypto tokens and NFTs, dramatically increasing the empowerment and growth potential of the communities they serve. With Encentive, anyone with a community following can create a DEX overnight and customize the DEX’s properties to best serve and incentivize that community.

IoTeX is a decentralized network of users, developers, and enterprises that collectively govern and utilize the IoTeX platform. As an EVM-compatible “Layer 1” blockchain, IoTeX now powers an ever-growing ecosystem of smart devices, DApps, and digital assets. Network transactions and smart contracts are fueled by the IOTX token, which can be staked and farmed on any DEX launched on Encentive, and enables anyone to be a shareholder in the IoTeX Network.

Encentive will empower IoTeX users and ecosystem projects to monetize their communities with sophisticated DeFi marketplace tools such as swapping between thousands of trading pairs, farms, staking pools, customized liquidity provider fees, native tokens & NFTs, airdrop functions, and user referral rewards. Moreover, as the Encentive and IoTeX ecosystems grow, an innovative model of shared liquidity bonded across all DEXs deployed on Encentive will give early-stage projects a strong foundation for growth.

The IoTeX “Halo Grant” includes financial support, promotion to the IoTeX community of 70,000+ mailing list subscribers, exposure to 100,000+ monthly users on the ioPay Wallet, access to enthusiastic beta testers, and tech support for integration with the growing portfolio of IoTeX tools and apps, including the ioTube Cross-ChainBridge, the ioPay Wallet, Yield Farming Calculators, Governance Portal, and more.

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