Kaddex

Kaddex is a developer of a decentralized financial ecosystem built on the Kadena blockchain. The company is developing decentralized exchanges, cryptocurrency wallets, and other financial tools. The Kadena blockchain is intended to provide users with security and gas freegas-free transactions. The blockchain is a scalable proof-of-work layer-1 blockchain network whichthat utilizes the same automated market maker model wasas Uniswap.

On February 1st, 2022, Kaddex launched their public pre-launch sale of the company's utility token, KDX. The public sale offers 50 million KDX tokens, around 5 percent of the total supply. The terms of the sale priced the KDX token aat $0.16,; the tokens bought at the initial sale had a lock-up period of 12twelve months, following a 12twelve month vesting schedule whichthat releases 50 percent of the tokens at 6six months, 75 percent of the tokens at 9nine months, and 100 percent at 12twelve months. The sale also had a buy-limit of 100 thousand100,000 KDX tokens.

Thanks to Kadena’s gas stations, users will never have to pay gas to utilize Kaddex.

Gas will always stay free because the Kadena blockchain scales horizontally, which means as the demand for block space goes up, we can increase the number of chains, increasing the number of available blocks.

Kaddex provides unique LPs incentives that will attract new DeFi customers to our new network, thanks to the 40% of tokens allocated for incentivizing the network. When a swap is performed the user is charged a standard 0.3% trading fee, of which 100% goes to Liquidity Providers.

Because Kadena has the ability to scale TPS infinitively, network congestion will never be a problem. This coupled with gas free transactions will ensure quick settlements and security, while providing the best possible users experience.

The Kaddex DAO will play a large role in how Kaddex operates, controlling the parameters for individual pools. On top of this, the DAO will have a strong focus on ecosystem development, working to help growing the entire Kadena blockchain.

Kaddex lives up to the decentralized claim: everything from liquidity provision, pricing to swapping is done entirely on-chain, requires no intervention from off chain authorities or oracles, and is fully autonomous with no control by any central on-chain authority either.

KDX Stakers will earn 0.05% of all swaps happening on Kaddex, giving holders a simple way to earn passive income while still participating in governance.

Kaddex is a developer of a decentralized financial ecosystem built on the Kadena blockchain. The company is developing decentralized exchanges, cryptocurrency wallets, and other financial tools. The Kadena blockchain is intended to provide users with security and gas free transactions. The blockchain is a scalable proof-of-work layer-1 blockchain network which utilizes the same automated market maker model was Uniswap.

Kaddex is built on community, our governance system will give the users control of network incentives, protocol mechanics, and pool rewards, all while maintaining our approach to safe DeFi.

Through this framework, the possibility of miner extracted value, frontrunning, and gas auctions are reduce to offer users a cheaper and faster transaction process. Kadena also offers paradigm-changing ability to offload gas payments to third parties through gas stations to enable Kaddex to deliver a gas-free liquidity pooling and trading experience. Kaddex is able to deliver a gas-free liquidity pooling and trading experience due to Kadena's braided chain framework, which allows the company to develop novel approaches to liquidity provisioning and slippage controls, while still offered the security that proof-of-work provides.

On February 1st, 2022, Kaddex launched their public pre-launch sale of the company's utility token, KDX. The public sale offers 50 million KDX tokens, around 5 percent of the total supply. The terms of the sale priced the KDX token a $0.16, the tokens bought at the initial sale had a lock-up period of 12 months following a 12 month vesting schedule which releases 50 percent of the tokens at 6 months, 75 percent of the tokens at 9 months, and 100 percent at 12 months. The sale also had a buy-limit of 100 thousand KDX tokens.

The KDX utility token is intended to establish a true democratic and community ownership of Kaddex's ecosystem and to implement the first financially sustainable Liquidity Mining program. This is further to allow users and the larger community to steer the development of the platform and also incentivizing participation in the platform as well.

Kaddex offers the company's X-Wallet, a web-extension wallet that enables seamless decentralized application interaction without users having to leave the web browser. The wallet is built to be user-friendly and designed for seamless interaction with dApps on the Kadena network. With the wallet, users are able to send and receive assets, execute cross-chain transfers, view transactions, and interact with dApps.

More features are expected to be added as Kaddex and the Kadena blockchain continue to evolve. The wallet is compatible with both Chrome and Brave browsers. The keys and passwords generated by X-Wallet are only given to the user, without anyone else having access to them. As well, users can use the X-Wallet to recover Chainweaver (Kadena's official wallet) password seed phrases to regenerate existing accounts. The wallet supports all tokens on the Kadena network.

Thanks to Kadena’s gas stations, users will never have to pay gas to utilize Kaddex.

Gas will always stay free because the Kadena blockchain scales horizontally, which means as the demand for block space goes up, we can increase the number of chains, increasing the number of available blocks.

Kaddex provides unique LPs incentives that will attract new DeFi customers to our new network, thanks to the 40% of tokens allocated for incentivizing the network. When a swap is performed the user is charged a standard 0.3% trading fee, of which 100% goes to Liquidity Providers.

Because Kadena has the ability to scale TPS infinitively, network congestion will never be a problem. This coupled with gas free transactions will ensure quick settlements and security, while providing the best possible users experience.

The Kaddex DAO will play a large role in how Kaddex operates, controlling the parameters for individual pools. On top of this, the DAO will have a strong focus on ecosystem development, working to help growing the entire Kadena blockchain.

Kaddex lives up to the decentralized claim: everything from liquidity provision, pricing to swapping is done entirely on-chain, requires no intervention from off chain authorities or oracles, and is fully autonomous with no control by any central on-chain authority either.

KDX Stakers will earn 0.05% of all swaps happening on Kaddex, giving holders a simple way to earn passive income while still participating in governance.

Kaddex is built on community, our governance system will give the users control of network incentives, protocol mechanics, and pool rewards, all while maintaining our approach to safe DeFi.