Disclaimer: The text below is a press release that was not written by Cryptonews.com.
It is January 30, and we have just crossed the finish line.
Ever since Cardano captured the imaginations of DeFi experts, its community has been making bets on which Decentralized Exchange (DEX) is to become the Uniswap or PancakeSwap of this ecosystem. As the risk-takers within this race, we are familiar with just how high the stakes for the contenders have been. And that is why we are so enormously proud to announce that this race is about to get very interesting – ADAX DEX v1.0 is now LIVE!
ADAX continues to lead by example, making meaningful contributions to the Cardano ecosystem and delivering on long-held promises. Governed by a philosophy of decentralization, ADAX DEX v1.0 utilizes the order-book model to ensure completely non-custodial and censorship-resistant trading. ADAX users can now effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network.
This primary product launch marks a major milestone in our project’s development and reflects the enormous dedication of the team. After six months of arduous work, too many frustrating delays beyond our control, and more cups of coffee than should be humanly possible to consume – we are finally able to provide our vibrant community with an intricate piece of infrastructure that is critical to the long-term prosperity of the Cardano ecosystem.
Design and Key Features
ADAX DEX v1.0 introduces a number of leading capabilities long demanded by the Cardano community. Based on an order-book model with on-chain swap execution and concentrated liquidity orders, our DEX is substantially different from that of our competitor’s.
Our developers have created a custom PAB solution, utilizing Plutus smart contracts to ensure full decentralization. We are also splitting each order into smaller UTXO’s, which allows us…
