Cardax, Cardano Blockchain’s decentralized exchange (DEX), pitches itself to investors as a safe and dependable solution. Users can utilize Cardax to trade any Cardano Native Token for any ADA, exchange one Cardano Native Token for another in a single transaction, and implement liquidity-aware automatic pricing using the Automated Market Maker (AMM) protocol.
Anyone can become a Cardax liquidity provider and start earning CDX tokens. Not to mention, Cardax created ‘Streaming Merge,’ a unique general-purpose algorithm that overcomes the problem of concurrency on the Cardano blockchain.
This means that thanks to this general-purpose algorithm, users will be able to communicate with Cardax’s protocol without interruption or interference. Streaming merging isn’t just for Cardax DEX; other Cardax-hosted services will use it in the future.
Duncan Coutts’ Well-Typed team, a prominent Haskell consultant, is leading a major partnership between Cardax and Duncan Coutts’ Well-Typed team, which has considerable Cardano experience as a senior technical architect at IOHK.
Their consultants will work alongside the Cardax core development team to assess code and advise on tools, best practices, and development methods that the Cardax team should use during development.
Cardax also consults on Mlabs, Haskell, Rust, Blockchain, and AI. MLabs Haskell developers have been selected as one of the software companies collaborating with the IOHK Plutus delivery team on the private testnet. In order to make Cardano DeFi development accessible to non-Haskell programmers, these developers have also offered to train additional Haskell developers and produce open-source DeFi tools.
Tweag is one of Cardax’s strategic partners and is best recognized for its work on the architecture and design of Cardano’s Plutus platform. IOHK also helps Cardax in a variety of ways. IOHK, one of the world’s top blockchain infrastructure research and engineering groups founded by Charles Hoskinson, provides Cardax with regular technical and strategic feedback.
In summary, the Cardax team has extensive technical knowledge and is surrounded by blockchain, Plutus, Haskell, and Cardan experts; thus, it will be more than capable of developing an incredibly safe and user-friendly decentralized exchange for the Cardano ecosystem.
Cardax has spent the last year collaborating with the greatest Haskell and Cardano developers and advisors available. In addition to detailing various projects and their corresponding coins, such as Blockademia. Furthermore, it received $9 million in public investment to expand the Cardano platform, and with a strong community on Discord and Twitter, Cardax is well-positioned to meet its objectives.
Cardax wants to launch its DEX in the next 12 months, investigate the idea of launching its stablecoin on the DEX, and begin developing the DEX 2.0 for an even better user experience.