Acardex has a simple mission of developing the best and most unique AMM decentralized exchange on Cardano ecosystem, our platform utilizes the automated market maker protocol to eliminate the need for any intermediary while trading native Cardano assets.
We are also on the mission to ensure interoperability, where users can swap their digital assets across chains seamlessly like Ethereum via our bridge or converter and earn passive income. We also ensure that users will be able to carry out permission-less, non-custodial transactions on our DEX while ensuring the provision of liquidity pool by allowing users to act as liquidity providers.
Acardex core team members are putting plans in place to offer some other DeFi services on Acardex platform, these services will include but not limited to;
- Addition of NFT marketplace: We are developing a decentralized cross-chain NFT marketplace for our users on Cardano network, where users will be able to mint and trade NFTs seamlessly on our user friendly interface while utilizing our native token for every transactions.
- Launch of IDO launchpad: Acardex will develop Initial dex Offering launchpad to support start-up projects exclusively on Cardano blockchain.
- Launch of NFTs And Acarworld On Metaverse: Addition of metaverse feature as one of our visions for the Acardex project is also in the company’s long term plan, where users can purchase virtual cars as NFT (and engage in our racing events), buy lands, goods and engage in other activities like gaming in order to earn rewards etc.
- Decentralized Assets Lending & Borrowing : Acardex team currently work on adding the feature of lending and borrowing of assets, where users can become liquidity providers and lend out to borrowers, the process will be carried out by using smart contracts.
Our Goals Include but not limited to;
- Anonymity: The first important advantage associated with Acardex decentralized exchanges would refer directly to the anonymity of users. Users do not need to pass the standard identification procedures such as Know Your Customer or KYC processes with decentralized crypto exchanges.
- Native Token availability : All native tokens on Cardano will be available on our platform that is to say, Acardex provides easier availability of tokens, especially the ones minted on the Cardano blockchain, also tokens on other blocks like Ethereum will be able to send their tokens to our network and vice versa.
- Low security risks: This simply means that users are in charge of their funds and wallet, no one can literally freeze or hack decentralized exchanges as they provide users with private keys. The unique highlight of a DEX or decentralized exchange is that it does not control the funds of users. On the contrary, traders have custody of their funds and can interact with the DEX according to their preferences.
- Liquidity Provision: Acardex gives users the opportunity to become a liquidity provider on the Cardano Blockchain via AMM protocol, and earn passive income by collecting fees on “ADA — Cardano Native Tokens pairs” when users join liquidity pools.
- Native assets lending & borrowing protocol: Our team of developers are also working on native assets lending protocol, the mechanism will ensure that our users can access loans and pool assets which can be used for a number of DE-Fi apps. The lending and borrowing mechanism we are developing allows users to pool, lend and borrow assets. This can be achieved by P2P (Peer To Pool, Pool To Peer Lending Protocol).
- Acardex Price Display: Acardex DEX will be structured with asset price display, web 3.0 wallet connect and transaction list facilities.
Our Token Use Cases & Benefits Include;
- Ability to trade ADA for other Cardano Native Tokens.
- Ability to cast votes and participate in the governance of the platform.
- Used for payment of fees such like Swap fees and slippage fees.
- Ability to participate in Acardex’s NFT decentralized marketplace that is open and accessible to everyone (Our team of developers are working hard to also launch NFT marketplace as part of the Acardex ecosystem by the third quarter of the year or even less).
- Acardex token early adopters will be allowed exclusive access NFT Drops, list their NFts, set a price and sell their assets on our marketplace.
- Acardex native token holders gives users the opportunity to become liquidity providers on the Cardano Blockchain via AMM protocol, and earn passive income by collecting fees on “ADA — Cardano Native Tokens pairs” when such holders join liquidity pools.
- Acardex native token holders can stake their tokens to earn more tokens and exclusive NFTs when fully functional.