ADAX

ADAX (ADAX) is an automated liquidity protocol that facilitates trades within the Cardano ecosystem, wholly decentralized and non-custodial. According to the whitepaper, the protocol believes that adapting to changes in the fast-moving world of crypto is essential. That is why ADAX has expedited its development to coincide with the release of new Cardano functionalities.

ADAX has no order book. Thus, it eliminates all intermediaries, complexity, and cumbersome procedures from the equation, offering users untrammeled freedom to trade without censorship or losing control over their assets. Users can maintain complete control of their tokens and are not required to give up their private keys to log their orders as they are on a centralized exchange.

Cardano ERC20 converter is a tool designed for token issuers (organizations that wish to migrate their tokens to Cardano) and their users (token holders) to migrate their ERC20 tokens to the Cardano network. Users can convert their Ethereum tokens in just a few clicks, and when moved across, these tokens will be ‘translated’ into a unique native token on Cardano that has the same value and works just like an ERC20.

Additionally, Cardano offers two-way convertibility, so if the user wishes to do so later, they can move their tokens back to the source network by burning them on Cardano. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.

Cardano is widely anticipated to become the new crypto standard-setter. Traders recognize the network’s potential to challenge the embedded status quo of monopolistic and bureaucratic power structures within the world of crypto.

As soon as Cardano smart contracts launched in 2021 Q3, ADAX facilitates token swaps, staking, ensuring market liquidity, and enabling users to make full use of the network’s capabilities. ADAX's unique protocol is designed to be light and fast, providing a decentralized pricing mechanism that smooths out order book depth. ADAX boasts a team with a track record of success in various crypto ventures. By bringing in a wealth of experience, know-how, and best industry practices, ADAX amplifies the benefits to users within the Cardano network.