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To achieve its primary goal of serving as a decentralized exchange for seamless swapping of native and non-native tokens and trading of Cardano based native tokens, the Acardex platform intends to become a unique DeFi project on the Cardano network, utilizing the automated market maker protocol in the execution of its core purpose as a decentralized exchange.

The $ACX token of Acardex Ecosystem powers the platform’s transactional capabilities. With the ability to vote on future platform developments, token holders will have a say in what they want to see adopted in the future.

Acardex Functionalities

In addition, users may generate passive income by collecting fees on “ADA-Cardano Native Tokens pairs” when they join liquidity pools on the Cardano Blockchain using the AMM protocol, which is implemented on the Cardano Blockchain. Additionally, acardex’s team of engineers is working to develop a native assets lending protocol. This mechanism will allow users to acquire loans and pool assets that can be utilized for various DeFi applications.

$ACX Token Use Cases

  • The native token used to power the Acardex network is $ACX, and the total supply of $ACX will be 1,000,000,000 ACX.
  • Examples of Acardex uses include, but are not limited to:
  • ADA may be traded for several other Cardano Native Tokens.
  • Voting rights and participation in platform governance are provided to token holders.
  • Used for the payment of fees, such as swap costs and slippage fees, among other things.
  • Participants in Acardex’s NFT decentralized marketplace, which is open and accessible to everyone, will have the ability to earn NFT (A team of experts are working tirelessly to bring the NFT marketplace online as part of the Acardex ecosystem by the third quarter of the year.)
  • Acardex token early adopters will be granted unique access to NFT Drops, will be able to advertise their NFTs, set a price for them, and will be able to sell their assets on the platform.

ACX Token Seed-Sale Details:

1 ACX = 0.00125 ADA

1 ADA = 800 ACX

Minimum Buy: 300 ADA

Maximum Buy: 30,000

Users should only utilize Cardano native wallets, such as the Yoroi Wallet, Daedalus Wallet, Nami Wallet, or Adalite Wallet, to participate in the ongoing $ACX Seed-Sale.

A comprehensive guide on participating in the ACX Seed-Sale will be made accessible. Please note, users can only participate in the Seed-Sale via its website: https://acardex.io/seed-sale.html.

Source: coingape.com

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