Introducing AleoSwap: The First DEX on Aleo

AlphaSwap
4 min readDec 7, 2023

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🚀 AleoSwap: Self Custody, Privacy-Centric, Fully Decentralized

AleoSwap pioneers decentralized exchanges (DEX) on the privacy-centric Aleo blockchain, offering users a unique blend of self-custody, privacy, and full decentralization. Elevating the trading experience with a focus on security and low-slippage, AleoSwap is reshaping the landscape of decentralized finance.

Key Features

  1. Security without Compromise:
  • AleoSwap’s noncustodial solution ensures users’ assets remain in their wallets, prioritizing complete security.

2. Innovative Private Trading:

  • AleoSwap introduces private trading to maximize user privacy, allowing them to execute trades without revealing their addresses.

3. Market Making for Profits:

  • Active market making is supported, enhancing capital efficiency and providing users with opportunities to earn extra income.

4. Better User Experience:

  • Utilizing an Automated Market Maker (AMM) trading model, AleoSwap provides lightning-fast confirmations, high capital efficiency, and low slippage, ensuring a smooth and efficient trading experience.

Roadmap: Building the Future of AleoSwap

2023 Q1-Q2

  • Project Inception: Kickstart the AleoSwap project and assemble a dedicated development team.
  • Testnet Development: Construct a decentralized exchange (DEX) based on the proven Uniswap V2 model on the Aleo testnet.
  • Token Conversion Features: Launch the token Private/Public conversion feature.
  • Faucet and Incentives: Introduce a faucet for users to claim test tokens, facilitating exploration. Participate in the Aleo Deploy Incentives Program.

2023 Q3-Q4

  • Private Trading Launch: Unveil the private trading function, enhancing user privacy.
  • Private Market Making: Introduce private market-making, allowing users to form Liquidity Pools (LP) with private tokens.
  • Mainnet Deployment: Deploy AleoSwap to the mainnet upon the successful launch of the Aleo mainnet.

2024 Q1

  • Experience Enhancement: Continuously refine private trading and market-making experiences based on user feedback.
  • AleoSwap V2 Development: Initiate the development of AleoSwap V2, incorporating a new AMM trading model.
  • Stablecoin Trading: Launch stablecoin trading, offering reduced slippage for users. Support both public and private trading for stablecoins.
  • Exploration of Innovative Features: Explore and implement innovative DEX features, such as perpetual contracts and leveraged trading, expanding AleoSwap’s capabilities.

Achievements

  • Sep 2023: AleoSwap team attended the ZKDay at Token2049 Conference.
  • Sep 18, 2023: AleoSwap launched the ‘Discover AleoSwap’ campaign on Galxe, with 500+ users participating.
  • Oct 31, 2023: AleoSwap team secured the 4th spot in Aleo’s Top 10 Deploy Incentive Winners.
  • Nov 8, 2023: AleoSwap launched the AleoSwap Credits Campaign.
  • Nov 18, 2023: AleoSwap team secured a $9500 grant from the Aleo Foundation for the Snark Tank.
  • Nov 18, 2023: AleoSwap team attended the Devconnect in Istanbul, pitching the prowess of Zero-Knowledge Proofs in blockchain at zkHouse.
  • Nov 22, 2023: AleoSwap team launched the AleoSwap ARC20 token launch campaign.
  • Dec 3, 2023: AleoSwap team collaborated with Aleo Global community and launched a co-marketing campaign on Galxe.

AleoSwap is not just a decentralized exchange; it’s a journey toward a new era of privacy-centric and user-centric decentralized finance. Join us on this exciting adventure, and together, let’s shape the future of decentralized trading!

Follow us for updates: @AleoSwap_dex | Official Website | App | Discord

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AlphaSwap
AlphaSwap

Written by AlphaSwap

AlphaSwap offers private, secure, and smooth trading experience on the Aleo blockchain.

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