Encentive Wins Grant To Deploy Turn-Key DEX On Qtum Blockchain
Qtum, a public blockchain platform, has awarded Encentive a grant to integrate its turn-key DeFi Dex Builder and dramatically expand the functionality of its network. Qtum is a PoS-based network that combines Bitcoin’s secure UTXO model with Ethereum’s programmable EVM (Ethereum Virtual Machine). This funding is part of the Qtum DeFi Incentive Program.
Encentive’s DeFi Dex Builder (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 growth potential of the communities they serve. With Encentive, anyone can create a Dex overnight and customize its parameters to best serve and incentivize their community.
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Encentive will enrich DeFi communities built on top of Qtum by providing sophisticated marketplace functionalities and tools such as staked and farmed trading pairs, customized liquidity provider fees, native tokens & NFTs, airdrop functions, and user referral rewards. Moreover, as the Encentive and Qtum ecosystems grow, an innovative model of shared liquidity across all DEXs deployed on Encentive will give early stage projects a strong foundation for growth. Encentive’s roadmap for deployment projects a staking and airdrop capable DEX to be operational within July, 2022, followed by NFT and OTC modules in August.
The Qtum DeFi Incentive Program is a grant program of $1 million (and up to $5 million) provisioned by the Qtum Foundation to foster DeFi innovation and development on Qtum’s open-source blockchain. The Qtum DeFi Incentive Program will provide corresponding development funding for each approved applicant or team according to their development goals.
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