Cardano DEX ADAX Goes Live as One of the Network’s First Decentralized Exchanges

Cardano-based DEX ADAX goes operational as one of the network’s initial decentralized exchanges.

Since the first release of Cardano’s smart contracts technology, the community has been waiting for the ecosystem’s Uniswap or PancakeSwap-tier representation. As the community’s standards remained high, each faced several hazards when entering the race. ADAX, on the other hand, was successful and is now ready to release the ADAX DEX v1.0.

Based on the decentralization principle, ADAX DEX will use the order-book approach, which allows for noncustodial and censorship-resistant trading. Users will be able to perform smart contract-based trades on the platform quickly for a fraction of the cost of Ethereum network fees.

The release of ADAX DEX marks a significant achievement for the entire team behind it. The company put in six months of effort and personnel to deliver one of the first decentralized exchange solutions for Cardano that will benefit the ecosystem in the long run.

ADAX DEX does not lag behind its rivals on other chains, and it offers everything the Cardano community need for a genuinely decentralized exchange experience. The exchange offers on-chain swap execution as well as focused liquidity orders, allowing it to outperform its nearest competitors in terms of efficiency and performance.

To make the decentralized process more enjoyable, ADAX invested a significant amount of time developing a user experience that is suitable for both institutional investors and private traders. 

ADAX is currently working on the merging of popular wallets. It currently supports Nami Wallet, with GeroWallet and CCVault compatibility coming soon after the debut.

According to the press announcement, ADAX is being launched in collaboration with Stockgeist.The DEX is able to provide a novel trading tool that detects early signals of trader sentiment shifts thanks to an AI market sentiment monitoring technology.

The program gathered information from numerous social media platforms such as Twitter, Facebook, Reddit, and Discord. Each token will have its own statistic that will allow traders to identify the market’s “hottest” assets.

The ADAX team is delighted to deliver on its commitment to the Cardano community and to accept input that has consistently helped the team throughout the development process.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

Coincu News