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Summary of Atlas DEX
Overview
- Atlas DEX is a decentralized cross-chain DEX aggregator.
- It allows users to trade cryptocurrencies across multiple chains.
- Integrates Solana’s Wormhole bridge for aggregated liquidity.
Founders and Team
- Founded by Ahmed Salam, a Danish computer scientist.
- Team of 9 developers with 22 years of blockchain development experience.
- Raised $6 million from leading crypto venture capital funds.
Unique Value Proposition
- Collect best prices from several exchanges without slippage or counterparty risk.</li
About Atlas DEX: Empowering the Future of Decentralized Trading
Introducing Atlas DEX (ATS): A Revolutionary Decentralized Exchange
Atlas DEX is a pioneering decentralized cross-chain DEX aggregator, empowering users to seamlessly trade cryptocurrencies across multiple blockchain networks. While centralized exchanges offer bridges to facilitate asset transfers between disparate chains, they are plagued by the same drawbacks as traditional finance: fragmentation, centralization, and counterparty risk. Atlas DEX addresses the pressing issue of cross-chain liquidity fragmentation, thereby mitigating the risk of traders incurring capital losses due to slippage.
Atlas DEX pledges to revolutionize the landscape by seamlessly integrating Solana’s Wormhole bridge into its protocol, thereby providing traders with a unified, user-centric interface that aggregates liquidity. By doing so, the protocol strives to emerge as the premier solution for traders on decentralized exchanges, empowering them to execute trades with optimal capital efficiency.
Following the successful launch of cross-chain swaps from Ethereum, Polygon, and BSC to Solana this quarter, Atlas’ roadmap outlines ambitious plans for further integration with Terra and Avalanche in the near future. The latter half of 2022 is poised to be a pivotal period, with the launch of liquidity pools and farms, the integration of additional blockchains, and the unveiling of a cutting-edge NFT marketplace and launchpad.
The Visionary Founders Behind Atlas DEX
Atlas DEX was founded by Ahmed Salam, a seasoned Danish computer scientist with an impressive track record of leadership, boasting over 18 years of experience in senior positions, including CTO, managing partner, founder, and solution architect across multiple organizations. Throughout his illustrious career, Mr. Salam has successfully designed and implemented business solutions for a diverse range of clients, including prominent banks, pension companies, and other esteemed public and private institutions.
In total, Atlas DEX boasts a formidable team of nine seasoned developers, collectively possessing 22 years of extensive experience in blockchain development, with notable expertise in prominent chains such as Ethereum and BSC. Moreover, the project has successfully secured $6 million in funding from esteemed crypto venture capital firms, including Huobi Ventures, Genesis Block Ventures, Solidity Ventures, Jump Capital, 3Commas Capital, and over a dozen other prominent investors.
Unveiling the Unparalleled Advantages of Atlas DEX
Atlas DEX boasts a distinctive value proposition that resonates with traders of all stripes, provided it is effectively implemented. By aggregating the most competitive prices from multiple exchanges, traders can bypass the pitfalls of slippage and the cumbersome process of bridging tokens, thereby mitigating counterparty risk and safeguarding their capital. Furthermore, the Solana blockchain’s rapid transaction velocity ensures swift execution at a minimal cost, while maintaining an uncompromising commitment to security.
For instance, if a trader seeks to execute a substantial eight-figure transaction on an illiquid asset, they would be compelled to either:
- Opt for a centralized exchange as a viable alternative.
- Downscale their position size to mitigate potential losses.
- Or risk incurring substantial financial losses due to slippage, potentially even exhausting their entire capital.
Atlas DEX tackles this challenge by offering seamless cross-chain functionality, currently spanning Ethereum and Binance Smart Chain, with plans to incorporate additional Layer 1 and Layer 2 chains in the future.
Moreover, Atlas DEX intends to stimulate trading activity within its protocol by introducing liquidity pools and facilitating the permissionless listing of novel trading pairs. Similar to traditional Automated Market Makers (AMMs), traders will have the opportunity to earn rewards denominated in the protocol’s native governance token.
The Circulating Supply of Atlas DEX (ATS) Coins: An Overview
The ATS token boasts a total supply of 250 million, allocated according to the following distribution:
- Public Sale (1.07%): subject to a one-month lock-up period
- Community incentives (6.93%): released linearly over a one-year period
- Liquidity and platform incentives (30%): dynamically allocated to optimize liquidity pools
- Team and advisors (22%): subject to a one-year lock-up period, followed by a 30-month linear vesting schedule
- Private investors (20%): vesting contingent upon performance milestones
- Treasury reserves (20%): unlocked incrementally over a four-month period
Following criticism on social media regarding its tokenomics, Atlas DEX has introduced a performance-based vesting schedule for private investors. Specifically, if the total swap volume surpasses $3 billion, tokens will be locked for six months, with 10% vesting linearly over a 10-day period, and 90% vesting linearly over a two-year period. Conversely, if the total swap volume falls short of $3 billion, tokens will be locked for nine months, with 10% vesting linearly over a 10-day period, and 90% vesting linearly over a two-year period.
The Atlas DEX Network’s Robust Security Framework: A Comprehensive Overview
Atlas DEX opted to build on Solana, driven by the conviction that it is the sole blockchain capable of seamlessly bridging assets across chains without succumbing to scaling limitations. Its remarkable speed and security enable the platform to facilitate multiple cross-chain trades with unparalleled cost efficiency. Furthermore, Solana’s Wormhole Bridge facilitates secure and decentralized bridging to other blockchains.
Solana is a layer-one blockchain that leverages a proof-of-stake consensus mechanism, bolstered by partial Byzantine Fault Tolerance. With a robust network of 200 nodes, it is capable of processing an impressive 50,000 transactions per second. By implementing a suite of carefully calibrated optimizations, Solana achieves remarkable performance, distinguishing itself from slower blockchains through its innovative, multi-threaded transaction processing approach.
Will Atlas DEX Soar to the $1 Mark?
Following its launch in the last week of January 2022, Atlas DEX swiftly surged to $1. As of this writing, ATS has staged a remarkable 67% recovery from its all-time high. Notably, the protocol’s distinctive value proposition renders a full rebound to $1 a decidedly plausible price target.
Where to Acquire Atlas DEX (ATS) Tokens
ATS is proudly listed on esteemed cryptocurrency exchanges, including Huobi Global and Raydium.
Associated Resources:
Discover Solana (SOL), the cutting-edge blockchain that powers Atlas DEX with unparalleled speed.
Discover Raydium (RAY), the pioneering decentralized exchange built on the Solana blockchain, revolutionizing the digital asset landscape.
Delve into our in-depth exploration of Atlas DEX.
Stay ahead of the curve with the latest cryptocurrency news and expert trading insights, all in one place, on the CoinMarketCap blog.