ADAX Pro is a decentralized exchange (DEX) built on Cardano, operating with the native ADAX token. The ADAX DEX is a non-custodial exchange that uses automated market makers (AMMs) and liquidity pools in place of traditional order books. The platform boasts various features, including stable liquidity pools, token swaps, an ERC-20 token converter, staking, and much more!
While token prices in the crypto market have been sleepily drifting sideways, for the most part, decentralized finance (DeFi) has been pumping and is currently the most exciting place to be. And decentralized exchanges (DEXs) are part of that ecosystem.
A decentralized exchange, or more commonly a “DEX”, is one of the most fascinating aspects of the DeFi revolution. As you may already know, DeFi, is a movement wherein developers create decentralized alternatives of various traditional legacy financial institutions and products. The DEX is the decentralized version of an exchange, such as a crypto exchange. Before we answer the “what is a decentralized exchange” question, let’s learn about traditional exchanges and its many flaws.
The launch of the Injective Protocol has caused a wave of headlines and speculative video content across the crypto ecosystem. The project appears to have solid foundations with a credible team of developers and advisors, who have previously worked in large tech or other blockchain projects. The whitepaper for Injective Protocol was released in December 2018, avoiding the ICO hype, successfully receiving funding from venture capital firms, other DeFi platforms, and a public IEO through the Binance Launchpad.