Encentive’s Turnkey DeFi Marketplace Project Receives Halo Grant from IoTeX Foundation for Blockchain Integration

Incentive will allow the IoTeX community to instantly create custom DeFi marketplaces around any community or organization’s loyalty program, digital assets and more

silicon valley, [Date] – 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 turnkey DeFi DEX Builder with the IoTeX public Layer 1 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 turnkey solution that enables community leaders, influencers and businesses 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 who follows a community can create a DEX overnight and customize the DEX properties to best serve and incentivize that community.

IoTeX is a decentralized network of users, developers and companies that collectively manage and use 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 powered by the IOTX token, which can be stacked and farmed on any DEX launched on Encentive, allowing anyone to be a shareholder of the IoTeX network.

Encentive will enable IoTeX users and ecosystem projects to monetize their communities with sophisticated DeFi marketplace tools such as: As the Encentive and IoTeX ecosystems grow, an innovative shared liquidity model tied across all DEXs deployed on Encentive will give early-stage projects a strong foundation for growth.

The IoTeX “Halo Grant” includes financial support, nurturing of the IoTeX community of over 70,000 mailing list subscribers, exposure to over 100,000 monthly users on the ioPay wallet, access to enthusiastic beta testers, and technical support for integration into the growing portfolio of IoTeX Tools and Apps including ioTube Cross-ChainBridge, ioPay Wallet, Yield Farming Calculators, Governance Portal and more.

About incentive

Encentive enables code-free overnight deployment of peer-to-peer DeFi marketplaces, starting with a community of one. Any individual or organization can almost instantly set up the next great DeFi marketplace, complete with farming and staking, fine-tuned to leverage and meet the governance requirements and trading preferences of their own unique communities and missions. The Encentive DeFi Dex Builder gives users the ability to build their own core teams and communities around their own incentive style, set and customize transaction fees, stake pool interests, referral rewards, governance protocols and more.

About IoTeX

Founded in 2017, IoTeX is an EVM-compatible blockchain platform to power the Internet of Trusted Things, an open ecosystem where humans and machines can interact with guaranteed trust and privacy. IoTeX envisions a future where everyday people can own and control their smart devices and the data and value they generate. Backed by a global team of 30+ top researchers and engineers, IoTeX combines blockchain, decentralized identity, and secure hardware to enable user-owned IoT devices and networks. By connecting the physical and digital worlds, IoTeX will power the machine economy of the future and redefine the trillion-dollar IoT industry.

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