What is ADAX (ADAX)?
ADAX is the native token of the Cardano-based liquidity protocol. The main aim of the platform is to bring DeFi to the Cardano ecosystem. In essence, it is an AMM-based DEX that allows non-custodial and fully decentralized trades on the Cardano ecosystem. Users of ADAX are not obligated to disclose their private keys, so they have full control over their tokens.
Other crucial parts of the ADAX ecosystem are a centralized exchange, a launchpad, and a cross-chain bridge.
Make sure to check out the ADAX price chart above. It features the current and the previous ADAX price.
Who Founded ADAX?
The ADAX crypto project was launched in 2021 by Timo Trippler. The ADAX token was launched via an Initial Exchange Offering (IEO) held on ExMarkets.
Timo Trippler is also the CEO of the project. He is an experienced entrepreneur who has been a part of the crypto world since 2015. His biggest expertise lies in the FinTech and InsurTech industries. Besides, he has a lot of experience in working with ICOs.
Other leading members of the project include Muhammad Furqan (CTO), Dovydas Petkevičius (CMO), Domas Dilūnas (Growth Specialist), and Murad Sharifli (Head of Post Sales). Also, the main advisors of the project are Mate Tokay, David Widmann, and Arturas Svirskis.
What Makes ADAX Unique?
For starters, as mentioned before, ADAX is an AMM-based DEX, which means that it relies on liquidity pools instead of an order book. For providing liquidity to these pools, users get rewarded. Being based on a unique ADAX protocol, these liquidity pools are constructed with the goal of providing the greatest LP incentives. The AMM of ADAX is similar to that of Uniswap. In fact, ADAX aims to become a Cardano-based version of Uniswap.
In addition to trading, ADAX also allows staking. By staking, users not only secure the network, but can also generate passive income. Speaking of security, since ADAX is Cardano-based, all security measures imposed by the network apply to ADAX as well, including the Proof-of-Stake consensus algorithm.
Moving further, ADAX offers the aforementioned cross-chain bridge, which allows users to convert their ERC-20 tokens into those compatible with the Cardano chain.
Additionally, it's worth noting that ADAX also provides users with a fully decentralized network fit for developing and launching decentralized applications (dApps).
Tokenomics of ADAX
There is a total supply of 100 million ADAX tokens. Almost half of the supply (40%) was dedicated to public distribution. The remaining 60% was set aside in the treasury (25%), given to the team (10%), dedicated to staking (15%), as well as set aside for liquidity (10%).
You can find the circulating supply of the ADAX coin above. Also, don't forget to check the ADAX price chart – knowing the main ADAX price trends can help you make better purchasing decisions.
