Place/Date: - March 3rd, 2022 at 1:22 pm UTC · 2 min read
Acardex has announced the commencement of their token seed-sale, which started with a huge demand interest and increase in token sale. Acardex Protocol will enable users to swap tokens and as well exchange NFTs from other blockchains to the Cardano blockchain with ease.
This invention will make exchange of tokens and NFTs a cost-effective environment by using the Cardano ecosystem’s low transaction costs, speed, and security.
A comprehensive guide on how to participate in the ACX Seed-Sale is available on our Token Sale Page.
Acardex will be a key to unlock liquidity for the Cardano ecosystem in a completely decentralized and non-custodial manner. The trading and monetization features of Acardex decentralized exchange will be based on AMM (Automated Market Maker) protocol to ensure a fast, trust-worthy, and powerful liquidity upgrade.
This will facilitate the trades initiated by users not to be matched with others using order books, rather users will be trading with each other by locking their assets into a liquidity pool and earn rewards from trading fees.
$ACX will fuel the Acardex DEX and Marketplace. Using this native Token, users can earn by staking $ACX tokens and also facilitates NFT transactions while serving as a governance structure for Acardex Ecosystem.
The distribution mechanism is equitable enough to prevent market manipulation.
Acardex is set out to become the most unique DeFi on the Cardano network that utilizes the automated market maker protocol in the carrying out of its core purpose as a decentralized exchange for seamless swap of native and non-native tokens and trading of Cardano based native tokens.