SundaeSwap Trading Launches on Bitrue Exchange

| Updated
by Benjamin Godfrey · 3 min read
SundaeSwap Trading Launches on Bitrue Exchange
Photo: SundaeSwap Labs / Twitter

SundaeSwap is aiming to embody the true meaning of decentralization by democratizing profits across the board for all of its users.

Bitrue Exchange, one of the oldest, robust, and diversified trading platforms around are set to list $SUNDAE, the native token of SundaeSwap decentralized exchange. According to a press release shared with Coinspeaker, the trading for SUNDAE/USDT pair is scheduled to commence on February 14, 2022 (PST)

The listing of SundaeSwap is a complement to the pivotal role that Bitrue is playing in the digital currency ecosystem to support innovative platforms and their native tokens. Of particular interest is the support Bitrue has been giving to tokens in the Cardano (ADA) ecosystem. Being a Cardano-backed decentralized trading platform, SundaeSwap joins protocols like OccamFi that was listed by Bitrue. In all, Bitrue comes off as the only exchange to support community stakepools with contributions of 2,000,000 ADA which have been delegated to pools run by trusted community members.

“We are looking forward to supporting Cardano through 2022 as one of the industry’s leading chains, as we are seeing a huge number of promising new coins leveraging the impressive speeds and throughput that Cardano is able to support.” said Adam O’Neill, Chief Marketing Officer of Bitrue, “SUNDAE in particular is a coin that we are excited to throw our weight behind. It is the first project to utilize the new smart contract functionality of Cardano and ideologically it is a leader in providing fair financial services through decentralized networks to users worldwide.”

SundaeSwap as a Worthy Bitrue Trading Asset

SundaeSwap was launched in January 2022 and has since become a major decentralized exchange resident on the Cardano blockchain. SundaeSwap emerged as an ownerless marketplace for efficient cryptocurrency transactions, and it is a native, scalable decentralized exchange and automated liquidity provision protocol.

SundaeSwap is aiming to embody the true meaning of decentralization by democratizing profits across the board for all of its users. The protocol comes with very deep liquidity, making it easy for any trader whatsoever to put their capital to work for them. Beyond token swap and other primary products on offer by a decentralized trading platform, SundaeSwap aims to attract assets that can empower an ecosystem of financial products.

SundaeSwap is not a lone ranger, as the platform is backed by a number of world-class Venture Capital (VC) capital firms including cFund, Alameda Research, and DoublePeak amongst others. SundaeSwap also has a number of partnerships with developers that are helping the protocol to create an integrated financial ecosystem. These include but are not limited to Runtime Verification and MLABS.

The listing of SundaeSwap on Bitrue offers good optics for all of the outfits involved. While Bitrue users will gain access to one of the most innovative DEXes on the Cardano Blockchain, the price of Cardano’s native coin, the ADA, has shot up by more than 10% at the beginning of February according to data from CoinMarketCap, helped in part by the anticipation toward the SUNDAE listing.

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Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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