In Partnership with APG
New decentralized exchange, SuchDEX, empowers Dogecoin holders with secure, self-custody trading, and directly supports the non-profit Dogecoin Foundation with 50% of fees going back into open source development, trademark defense, and advocacy.
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Metallicus, announced the launch of SuchDEX, a decentralized trading platform designed to provide Dogecoin holders with a secure and self-custodial environment for trading.
SuchDEX not only offers decentralized trading solutions for the Dogecoin community but also commits 50% of its proceeds from fees to go directly back to the Dogecoin Foundation. This crucial funding will support the non-profit in its mission to protect the intellectual property of Dogecoin, ensure its continuous development, and advocate for its growth, upholding the values that Dogecoin was built upon when it was founded in 2013.
"SuchDEX's launch marks a significant step in achieving Metallicus's goal of 70% self-custody of the entire Dogecoin supply. Irina Berkon, CFO of Metallicus, stated, We are proud to offer a secure and decentralized trading platform that supports the Dogecoin Foundation and its mission to uphold the values of Dogecoin."
The fees generated by SuchDEX directly contribute to the Dogecoin Foundation's values:
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- Being useful and providing utility to Dogecoin
- Being personable and putting forward open source development first priority over profit
- Being welcoming and valuing collaboration with open systems for anyone to connect
- Being reliable and providing working solutions that never go offline
As the cryptocurrency landscape evolves, SuchDEX emerges as an agent of change. By addressing the Dogecoin community's needs, it provides secure, self-custodial trading, while simultaneously nourishing the ecosystem. The partnership between SuchDEX and the Dogecoin Foundation underscores the collaborative spirit and innovation propelling Dogecoin's success. With a steadfast commitment to decentralization and a promising future for Dogecoin, SuchDEX aspires to revolutionize the trading experience, inspiring a new wave of platforms that prioritize user empowerment and social impact.
Marshall Hayner, CEO of Metallicus and board member at the Dogecoin Foundation, shared his thoughts on the launch, "We're proud to support the Dogecoin Foundation and the community by providing a secure, decentralized trading platform. Launching on April 20th, Dogecoin Day, marks a momentous occasion in the ongoing journey of Dogecoin, as it aims to uphold its values, maintain development, and protect holders from centralized entities."
Metallicus has set an ambitious goal of achieving 70% self-custody of the entire Dogecoin supply. With several exciting initiatives in the pipeline, the Dogecoin community can look forward to a future of secure, decentralized trading and enhanced financial freedom.
SuchDEX officially launched on April 20th, known as "Dogecoin Day," a fitting date for this significant milestone in Dogecoin's journey. Dogecoin enthusiasts are encouraged to join the Dogecoin community in celebrating this momentous occasion and to embrace the decentralized trading experience offered by SuchDEX. In the exclusive event, Marshall Hayner, CEO of Metallicus, participated in a Twitter Space hosted by Eleanor Terrett from Fox News discussing the launch and the future of self-custody in the Dogecoin ecosystem it can also be viewed on YouTube.