Acardex uses an AMM protocol to facilitate seamless trading

in #acardex3 years ago

3.jpg

Acardex is a decentralized exchange that operates under three major values: monetary inclusion, sustainability, and decentralization. It provides a number of benefits including anonymity, reduced counterparty risk, and native tokens. This exchange is also very low in cost and does not require KYC. Furthermore, the Acardex token has no fees or transaction costs. It is one of the few cryptocurrencies that do not require a minimum trading volume.The Acardex native token (ACX) will have one million ADA. This token will be used for transactions such as swaps and slippage fees. During the seed sale, the price of the Acardex token will promote to 0.00125 USD. The minimum purchase amount is 300 ADA. The maximum purchase amount is 30,000 ADA. Early adopters will be able to receive exclusive access to NFT drops and have first crack at setting costs and martlet place.

1.jpg

Acardex will issue a native token called ACX with 1,000,000 ADA

The ACX token will be used for trading ADA for another Cardano native token. Moreover, it will also be used for trading, slippage fees, and voting in governance processes. Acardex will offer exclusive ADA trading for early adopters. As a reward, early adopters will receive exclusive access to NFT drops and listings. The early adopters will also be able to set their own prices and sell assets on the martlet place.An AMM protocol incentivises liquidity provision by enabling on-chain trading without intermediaries. It also improves the interoperability of the exchange with other DeFi platforms. However, the strict bonding curve in an AMM allows for a front-run, which can scare traders away from using it. Thus, the coin's value may fall to zero before the launch.

9.jpg

The AMM protocol can provide liquidity to investors

AMMs offer many benefits. For example, they can facilitate on-chain trading without the use of middlemen. AMMs also improve on-chain trading by allowing users to convert their digital currencies into fiat currencies. Moreover, AMMs can reduce the risk of fraud by facilitating the transfer of assets and reducing the risk of front-run. If all these factors are considered, then an AMM protocol can prove beneficial.An AMM protocol is an important feature of any cryptocurrency exchange. AMMs can be automated and can also be managed by a human. AMMs have several advantages. For instance, they allow for the creation of multiple trading platforms without requiring third-party intervention. These companies are often called 'liquidity providers'. They have multiple advantages. These include low transaction fees, a centralized order book, and a stable investment.It is a decentralized exchange that pools the liquidity of users and price assets using algorithms. As such, it can offer deep liquidity, low transaction fees, and 100% uptime to investors. Because of these advantages, the AMM protocol has been widely adopted in cryptocurrency exchanges. The market on Acardex is now a major player in the cryptocurrency space.

2.jpg

Another benefit of using an AMM protocol is its ability to provide liquidity in the decentralized exchange environment

This is useful for investors who are new to the crypto space. In addition to offering liquidity, Acardex also provides a convenient way to invest in crypto. Its AMMs are a great choice for those who want to start investing in this exciting new field. It offers the convenience of centralized exchanges without sacrificing the security of a decentralized network.An AMM protocol is an alternative to centralized exchanges. It allows users to carry out multiple activities from a single wallet address, thereby contributing to a seamless Web3 experience. AMMs can be used in a variety of situations, including in the cryptocurrency trading industry. It can also be used to support decentralized exchanges. But the most important advantage of an AMM protocol is its ability to remove the need for a central market maker.

Hashtags: #acardex $acx #dex #cardano #ada

More Information
ANN Thread link:https://bitcointalk.org/index.php?topic=5384840.0
Project's website: https://acardex.io/
Medium: https://medium.com/@acardex
Twitter: https://twitter.com/_acardex
Telegram group: https://t.me/acardexcommunity
Youtube: https://www.youtube.com/channel/UC1leD8budK_31CAI92jluuQ
Linkedin: https://www.linkedin.com/in/acardex-1-a335a2230/

Author
Bitcointalk Username:icxC
Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=2252788;sa=summary
Telegram Username:@icxc55
ADA WaIIet Address: addr1q97svznll2sw0n8av6qh44vxsnqycg6af7lus9ck8zctwvtmdw00s3x0ep6yw4m9pargy8cgx568nnzlaczdkjjf4c4qhwt8u4

Coin Marketplace

STEEM 0.24
TRX 0.22
JST 0.037
BTC 98245.75
ETH 3430.51
USDT 1.00
SBD 3.35