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About ADAX
Key Points
- ADAX is an automated liquidity protocol built on Cardano.
- It operates with the native ADAX token and provides decentralized trading.
- ADAX doesn’t have an order book, allowing users to trade directly.
- The project was launched in Q3 2021 and held a public IEO on ExMarkets.
Founders and Team
- Founder and CEO: Timo Trippler, an entrepreneur with experience in FinTech and InsurTech.
- Other team members include Dovydas Petkevičius (CMO), Muhammad Furqan (CTO), and others.
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About ADAX
At the forefront of decentralized finance, ADAX is a trustless, permissionless, and community-driven cryptocurrency exchange, built on the foundations of blockchain technology.
Introducing ADAX (ADAX): A Revolutionary Decentralized Exchange
ADAX is an innovative automated liquidity protocol built atop the Cardano blockchain, leveraging the native ADAX token. The development team’s deliberate choice of Cardano as the underlying platform was driven by its superior performance, boasting faster transaction processing and higher throughput capabilities compared to Ethereum.
ADAX serves as a pivotal catalyst in introducing DeFi to the Cardano ecosystem, providing a comprehensive suite of essential components. By streamlining transactions within the ecosystem, the protocol enables users to seamlessly purchase and trade tokens in a decentralized environment.
ADAX distinguishes itself by eliminating the need for an order book, thereby bypassing intermediaries and their associated costs. This decentralized approach enables users to engage in direct, peer-to-peer trading. Moreover, ADAX operates in a censorship-free environment, ensuring unrestricted freedom of trade and granting users absolute control over their assets. Ultimately, ADAX empowers users to exercise full autonomy over their tokens, unhindered by external influences.
The project was inaugurated in the third quarter of 2021, and successfully conducted a public Initial Exchange Offering (IEO) on the ExMarkets platform, which took place from June 11, 2021, to June 25, 2021.
The Visionaries Behind ADAX: Meet the Founders
The founder of ADAX is Timo Trippler, who has helmed the organization since its inception in June 2021. As a visionary entrepreneur, Trippler brings a wealth of experience in FinTech and InsurTech to the table. His impressive portfolio boasts a string of successful ICO projects, underscoring his expertise in financial market analysis and risk management. With a strong presence in the blockchain industry since 2015, Trippler has established himself as a seasoned strategist and marketing consultant.
The remainder of the ADAX team comprises seasoned crypto industry professionals who have opted to leverage their Ethereum expertise to enrich the Cardano ecosystem. This esteemed cohort includes Dovydas Petkevičius (Chief Marketing Officer), Muhammad Furqan (Chief Technology Officer), Domas Dilūnas (Growth Specialist), Mate Tokay and David Widmann (Strategic Advisors), and Arturas Svirskis (Business Advisor). Further information is available on the company’s official website.
Unveiling the Unparalleled Advantages of ADAX
ADAX is deployed on Cardano, a robust alternative to the Ethereum blockchain, which has faced criticism for its congestion and escalating gas fees. By leveraging Cardano’s scalable infrastructure, projects like ADAX can build decentralized applications (DApps) without being hindered by exorbitant transaction fees and network congestion. Furthermore, Cardano enables users to seamlessly convert ERC-20 tokens to its protocol, unlocking enhanced functionality and rapid transaction speeds.
ADAX is a fully decentralized protocol designed to empower users in developing and launching decentralized trading platforms, while seamlessly facilitating decentralized transactions on its infrastructure. By catering to decentralized application developers, the protocol enables them to craft and capitalize on their products with heightened efficiency and augmented decentralization.
ADAX is a decentralized exchange (DEX) that leverages an automated market maker (AMM) model, eschewing traditional order books in favor of liquidity pools. The platform boasts a range of features, including stable liquidity pools, token swaps, staking, and an ERC-20 token converter. Notably, ADAX operates as a non-custodial exchange, empowering users with full control over their private keys, censorship-resistant funds, and the freedom to manage their assets without intermediaries.
Through the cross-chain bridge, users can seamlessly convert ERC-20 tokens to Cardano-compatible tokens and vice versa, thereby facilitating trading in Automated Market Makers (AMM) and streamlining the process of exchanging tokens and transferring assets between blockchains.
The Automatic Market Maker (AMM) model employed by ADAX bears a striking resemblance to the Uniswap model. The overarching objective of ADAX is to emerge as a Uniswap equivalent on the Cardano network, providing a supremely reliable Decentralized Exchange (DEX) protocol, complemented by a user-centric and intuitive interface that prioritizes seamless user experience.
Another pivotal element is the liquidity pools of the platform, where users furnish liquidity to the pools that facilitate decentralized trading, and in return, participants are incentivized for their contributions to the platform.
Liquidity pools are constructed upon a bespoke ADAX protocol, meticulously designed to maximize incentives for liquidity providers. By employing a sophisticated model for distributing fee rewards, ADAX mitigates risk and renders the provision of liquidity for diverse tokens an attractive proposition for all users in every respect.
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Delve into the realm of decentralized exchanges (DEX) and discover the key distinctions that set them apart from their centralized counterparts. Explore the intricacies of this innovative concept on our comprehensive educational portal.
Explore the advantages and disadvantages of Initial Exchange Offerings.
What Is the Total Supply of ADAX (ADAX) Coins in Circulation?
The inaugural initial exchange offering (IEO) of ADAX successfully debuted in June 2021 on the esteemed ExMarkets.com crowdfunding platform, distinguished as one of the pioneering exchanges to extend support to the native token of Cardano.
The total supply of ADAX tokens slated for market release is capped at 100 million, with a deliberate allocation as follows: 10% reserved for liquidity, 10% earmarked for team tokens, 15% dedicated to staking, 25% allocated to the treasury, and 40% designated for public distribution.
As of October 2021, the current circulating supply of ADAX stands at approximately 52.4 million coins.
The ADAX Network’s Security Framework: A Robust Defense Mechanism
ADAX (ADAX) is built upon the Cardano blockchain, which leverages the security of the Proof-of-Stake (PoS) consensus protocol. This mechanism enables the blockchain to validate transactions while preventing the double-spend problem, thereby ensuring the integrity of the network.
Where to Acquire ADAX (ADAX) Tokens?
As of October 2021, ADAX has successfully secured a listing on ExMarkets, a prominent centralized exchange.
Furthermore, to acquire ADAX tokens, kindly follow these additional steps:
Visit the official ADAX website or explore trusted alternatives such as PancakeSwap or Binance;
Establish a connection and initialize funding for your digital wallet;
Select the ADAX coin in the exchange column;
Designate the desired quantity and opt for the swap feature.
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