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ADAX

ADAX

ADAX is an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a completely decentralized and non-custodial way.

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Contents

ADAX has no order book -- we eliminate all intermediaries, complexity, and cumbersome procedures from the equation, offering users untrammeled freedom to trade without censorship or loss of control over their assets. Users can maintain full control of their tokens and are not required to give up their private keys so that their orders can be logged as they are on a centralized exchange.

Solving Market Problems

Cardano ERC20 Converter

ERC20 converter is a tool designed for token issuers (organizations that wish to enable the migration of their tokens to Cardano) and their users (token holders) to migrate their ERC20 tokens to the Cardano network. Users can convert their Ethereum tokens in just a few clicks, and when moved across, these tokens will be ‘translated’ into a special native token on Cardano that has the same value and works just like an ERC20. Additionally, Cardano offers two-way convertibility, so if the user wishes to do so at a later stage, they can move their tokens back to the source network by burning them on Cardano

Liquidity Stress

An issue with current liquidity pools in existence is their dynamically changing ratios. Liquidity providers have an incentive to provide liquidity to low-volume assets for higher rewards, as they get a share directly proportional to the volume they provide to the pool. Unfortunately, this is not enough reward in most cases as impermanent loss is rampant in low-volume assets, which means that occasionally it is not worth the risk/reward for liquidity providers. ADAX works on a different model that will address these concerns.

All yours!

ADAX Fee model

0.3% Swap fee distribution:

0.175% For the taker

0.125% for the maker

All fees go straight to liquidity pools; there are no platform fees.

Timeline

No Timeline data yet.

Further Resources

Title
Author
Link
Type
Date

Alonzo Upgrade Opens the Door for Cardano DApps | CoinMarketCap

https://coinmarketcap.com/alexandria/article/alonzo-upgrade-opens-the-door-for-cardano-dapps

Web

Flickto Announces First-Ever Public Sale Round On ADAX | Headlines | News | CoinMarketCap

https://coinmarketcap.com/headlines/news/flickto-announces-first-ever-public-sale-round-on-adax/

Web

References

adax.pro
adax.gitbook.io/adax
Is a
Cryptocurrency
Cryptocurrency

Cryptocurrency attributes

Industry
Tokenization
Tokenization
Blockchain
Blockchain
Cryptocurrency
Cryptocurrency
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Consensus Mechanism
Cardano (cryptocurrency)
Cardano (cryptocurrency)
Ticker Symbol
ADAX
Maximum Supply
100,000,000
Block Explorer URL
cardanoscan.io/token/0...41444158-1

Other attributes

Circulating Supply
52,410,000
CoinGecko ID
adax-1
Cryptocurrency Symbol
ADAX
Investors
Black Dragon
Black Dragon
-1
Market Capitalization
9,094,990
Medium URL
adaxpro.medium.com
Exchange
MEXC Global
MEXC Global
ExMarkets
ExMarkets
Bitrue
Bitrue
Token Standard
Cardano
Total Supply
100,000,000

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