What is ADAX?
ADAX is an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a completely decentralized and non-custodial way. ADAX has no order book -- we eliminate all intermediaries, complexity, and cumbersome procedures from the equation, offering users untrammeled freedom to trade without censorship or loss of control over their assets. Users can maintain full control of their tokens and are not required to give up their private keys so that their orders can be logged as they are on a centralized exchange.
Cardano ERC20 Converter
ERC20 converter is a tool designed for token issuers (organizations that wish to enable the migration of their tokens to Cardano) and their users (token holders) to migrate their ERC20 tokens to the Cardano network. Users can convert their Ethereum tokens in just a few clicks, and when moved across, these tokens will be ‘translated’ into a special native token on Cardano that has the same value and works just like an ERC20. Additionally, Cardano offers two-way convertibility, so if the user wishes to do so at a later stage, they can move their tokens back to the source network by burning them on Cardano.
Liquidity Stress
An issue with current liquidity pools in existence is their dynamically changing ratios. Liquidity providers have an incentive to provide liquidity to low-volume assets for higher rewards, as they get a share directly proportional to the volume they provide to the pool. Unfortunately, this is not enough reward in most cases as impermanent loss is rampant in low-volume assets, which means that occasionally it is not worth the risk/reward for liquidity providers. ADAX works on a different model that will address these concerns.
All yours!
ADAX Fee model
0.3% Swap fee distribution:
0.175% For the taker
0.125% for the maker
All fees go straight to liquidity pools; there are no platform fees
Why Cardano?
Cardano is widely anticipated to become the new crypto standard-setter. Investors recognize the network’s potential to challenge the embedded status quo of monopolistic and bureaucratic power structures within the world of crypto.
Decentralized Asset Exchange
AMMs such as ADAX, offer an appealing alternative, bringing with them innovations in the decentralized finance (DeFi) sector and fresh concepts for building contract-based DEX platforms.
The ERC20 standard was invented for Ethereum and is becoming more and more expensive. Cardano promises to cut those fees and speed up the transactions drastically.
Tokenization and the ERC20 token have gained popularity because of the enormous utility it provides in everyday business transactions. Well-designed ERC20 tokens address multiple utility options. Its’ adoption is a no brainer.
Cross Chain CapabilityLiquidity PoolsDecentralized ExchangeADAX.PROCross Chain BridgeIOHKSmart ContractsCARDANO
Phase 1
2021 Early Q3
Public IEO
Brand Awareness Campaign
Standby for Cardano Smart Contract
Cross Chain CapabilityLiquidity PoolsDecentralized ExchangeADAX.PROCross Chain BridgeIOHKSmart ContractsCARDANO
Phase 2
2021 Q3
Liquidity Framework Development
Swapping Framework Development
Official Launch of the Platform
Cross Chain CapabilityLiquidity PoolsDecentralized ExchangeADAX.PROCross Chain BridgeIOHKSmart ContractsCARDANO
Phase 3
2022 Q1
Implementation of IOHK ERC20 Bridge
Cross-Chain Support
White-label Solution
adax.pro
https://twitter.com/adax_pro
https://t.me/adaxcommunity
https://adax.gitbook.io/adax/
https://discord.com/invite/GxXNQ9zS8e
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