General Information

ADAX - State-of-the-Art Decentralized Exchange Protocol Built on the Cardano Network

Introduction

We are bullish on Cardano. There are good reasons why you should be too.Even as benchmark cryptocurrencies are tumbling down from their all-time highs -- Cardano continues to demonstrate substantial gains and rapid expansion within the Decentralized Finance (DeFi) landscape. Its broad community of supporters is highly dedicated for a reason -- Cardano’s scientific, evidence-based approach to smart contracts promises to redefine the future of DeFi, ushering in a completely new approach to doing business.

The current proof-of-work consensus design of the Ethereum main-net has been a drag on DeFi growth recently. The speed of 15 transactions per second is too slow, while the fees that can skyrocket to hundreds of dollars per transaction are simply too high. Founded by Charles Hoskinson, a co-founder of Ethereum, Cardano will soon launch smart contract support, uprooting this status quo that will send ripples through the entire world of crypto.

When it does, ADAX will be there, providing a suite of Cardano-tailored DeFi solutions. ADAX will become the powerful trading venue within the Cardano ecosystem, introducing a trustless protocol that facilitates token swaps, non-fungible token (NFT) trading, and broader reorientation of the crypto world towards Cardano.