DeXRP, The First-Ever DEX On XRPL Announced Its IDO – Amidst The Ripple Rally

The DeXRP team has introduced a decentralized exchange (DEX) on the XRP Ledger (XRPL), aiming to establish a transparent trading environment for XRP holders and enthusiasts.

This development coincides with notable growth in the XRPL ecosystem, as Total Value Locked (TVL) has increased from $16 million to $80.63 million in recent months.

Like Jupiter or 1Inch, DeXRP combines a dual trading model with AMM and full Order Book to support both individual users and institutional participants.

DeXRP IDO Details

DeXRP Initial DEX Offering (IDO) is currently live. For the Presale is allocated 25% of the total supply – 500,000,000 DXP.

The DeXRP team has already announced the listing price at $0.35, while the current presale round price is $0.00525.

To join the DeXRP IDO, an investor should connect their wallet on the DeXRP Presale page and choose the suitable currency for purchasing.

Early participants can buy DeXRP tokens (DXP) with ETH, BNB, SOL, XRP, BTC, and USDT, as well as bank card transactions.

DeXRP Protocol

For institutional investors and traders, DeXRP combines both an integrated AMM system and a full Order Book with a Hybrid Trading Model.

The backbone for every DEX is the liquidity providers, and DeXRP is designed to fairly reward all LPs participants;

• Optimised Liquidity Aggregation

With LP tokens, holders will participate in a fee auction for discounted trading slots, premium features, DEX voting mechanism and access to new trading pairs and pools.

• Yield Multipliers and Advanced Trading Features

DeXRP introduces customizable yield multipliers to grant liquidity providers enhanced LP rewards with individual adjustment instruments. With full commitment control, users can maximise their earnings.

Tokenomics

$DXP is the utility token for DeXRP, and it grants holders: trading fee discounts, access to premium tools, participation in fee auctions, and much more.

Liquidity providers are eligible for LP token-based rewards and may participate in DeXRPs upcoming fee auction model to access discounted trading slots and exclusive features.

The DeXRP team also plans to introduce airdrop and bounty initiatives to increase community engagement and platform awareness.