ADAX is acknowledged as a programmed liquidity protocol which facilitates trades in the ecosystem of Cardano and that too in a highly non-custodial and decentralized manner. It hasn’t any order book as there is a total absence of all complexities, intermediaries, and cumbersome processes from the equation. Hence, users get untrammeled liberty to trade in the absence of censorship over their assets.
A user can have full control of their tokens and he is not needed to give up his private keys because he is on a centralized exchange.For shortening the network dealings and lessen the price of transactions, ADAX got designed without order books and it proposes secure, faster, and more transparent transactions. The remarkable thing is it does boast of having a team that has an impressive trade record of being successful in different crypto ventures. It brings in lots of experience, the finest industry practices, and know-how to users who are present in the network of Cardano.
Vital details of ADAX
Team – A hugely experienced team backs ADAX and it spans all across many roles. This team comprises business professionals, many growth specialists, technical staff, and a full C-level team.
Tokenomics – The initial supply of the tokens of ADAX would be settled at one hundred million and it would be located as; Team Tokens (10%), Liquidity (10%), Treasury (25%), Staking (5%), and Public Distribution (40%).
Roadmap – The growth of the platform of ADAX is split into 3 phases. In the 1st phase, the team will be hosting its public IEO. It will continue to have its teamwork with the Cardano Foundation. In the 2nd phase, the platform will develop as well as launch the platform. The platform seems promising to be up and moving on Cardano and it would indicate a quick-paced development cycle.
Partnerships – Currently, ADAX is doing a job with the Cardano Foundation for expediting the growth of this platform. This platform will also announce collaborations with various prominent projects of Cardano only in the forthcoming weeks.
ADAX looks forward to forming the starting of DeFi ecosystem of Cardano. You can position it for catalyzing remarkable adoption of the network of Cardano and turn it into a cornerstone characteristic in its DeFi surrounding.
Some vital features of ADAX
Formed on Cardano – ADAX is formed on the smartest and capable contract platform.
Makes the bridging of tokens easier – A user can bridge his tokens easily from one blockchain to other blockchains for trading ERC20 assets when he relies on ADAX.
0 platform fees – ADAX possesses only a 0.3 percent fee on all the trades and it gets shared between the takers as they take 0.175 percent whereas the makers take 0.125 percent. Hence, there is a complete absence of any platform fee.
Intuitive UI – ADAX is designed to be highly accessible and it ensures that it would appeal to both inexperienced as well as experienced traders.
The good thing is ADAX has got the capability of providing the Cardano community an escalated experience. Again, it also provides the investors an opportunity to reap rich benefits.
