Since Cardano first attracted the attention of DeFi specialists, its community has been betting on which Decentralized Exchange (DEX) will become the ecosystem’s Uniswap or PancakeSwap. We know how high the stakes have been for the contenders because we are the risk-takers in this campaign. And it’s for that reason that we’re overjoyed to announce that the race is starting to heat up – ADAX DEX v1.0 is now LIVE!
ADAX continues to set the bar high, contributing significantly to the Cardano ecosystem and delivering on long-term commitments. The order-book approach is used by ADAX DEX v1.0 to enable totally non-custodial and censorship-resistant trading. It is governed by a decentralization ideology. Users of the ADAX platform can now instantaneously perform smart contract-based trades at a fraction of the cost of the Ethereum network.
This first product launch is a significant step forward in the development of our project and demonstrates the team’s tremendous dedication. We are finally able to provide our vibrant community with an intricate piece of infrastructure that is critical to the long-term prosperity of the Cardano ecosystem, after six months of arduous work, too many frustrating delays beyond our control, and more cups of coffee than should be humanly possible to consume.
Design and Key Features
ADAX DEX v1.0 adds a slew of new features that the Cardano community has been clamoring for. Our DEX is significantly different from our competitor’s, since it is based on an order-book approach with on-chain swap execution and focused liquidity orders.
Using Plutus smart contracts, our developers have designed a bespoke PAB solution that ensures complete decentralization. We’re also breaking down each order into smaller UTXOs, which avoids congestion and eliminates any concurrency difficulties. Our user experience team has spent many hours ensuring that the ADAX DEX v1.0 user experience is both intuitive and seamless. ADAX is also working to ensure that wallet integration is prevalent. ADAX DEX v1.0 will attempt to quickly incorporate GeroWallet and CCVault in the days following the initial launch, in addition to full support for Nami Wallet.
ADAX DEX v1.0 will also include a novel trading feature, allowing traders to re-calibrate their investments based on early indicators of changing’social sentiment,’ thanks to our exclusive relationship with Stockgeist.AI, a market sentiment monitoring platform. ADAX’s traders will be able to tell which tokens are going hot and which are cooling down by using data pulled from social media sites like Twitter, Facebook, Reddit, and Discord, extending their lead over competitors even further.
We owe a huge debt of gratitude to our early testers, whose input has been vital in ensuring that our product completely satisfies the expectations of the Cardano community.
Partnerships and Endorsements
We have been both tremendously excited and humbled by the amount of outside support we have gotten during our journey. Following a highly successful IEO on ExMarkets and an overcrowded private sale.
We’ve also forged alliances with projects like Netvrk and BlackDragon, and garnered support from some of the industry’s most influential figures, like Roger Ver, dubbed the “Bitcoin Jesus,” and Mate Tokey, a co-founder of Bitcoin.com. GeroWallet, the first multi-functional Cardano wallet; VyFinance, a unique DeFi protocol integrating an auto-harvester into the Cardano Chain using their own neural net; World Mobile, a provider of innovative blockchain telecommunications infrastructure; and Charli3, a decentralized oracle within the Cardano ecosystem, have all recently joined our list of valued partnerships.
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