11 Jun 2021 · 2 min read

Venture Capital backed DEX for Cardano - ADAX IEO is live on ExMarkets

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

ADAX IEO

The Cardano-Based Decentralized Exchange has gone live on ExMarkets

The much-awaited ADAX IEO has just gone live on ExMarkets’ Launchpad, and now anyone can participate in the project. The ADAX team did everything they could to keep up with the schedule and make it ready for crypto enthusiasts to be part of this innovative project. Adax’s starting price is $0.20 USDT. With 100 million tokens minted in total, the 14 million tokens set aside for public sale are already selling like crazy on ExMarkets. This could serve as the best time to not only be a part of this promising project but also get a chance to get big returns as the market matures for Adax.

ADAX, a non-custodial crypto exchange hosted in the Cardano ecosystem, is a Cardano-based token that aims to give its older counterparts a run for their money with its innovative approach to exchange services. Other than the innovative nature of ADAX, a history of positive growth is on the cards, supported by the technology behind it.

ExMarkets is a reputable crypto crowdfunding platform that has been at the forefront of helping both startups and established businesses raise funds for new projects. We all know how raising funds has become a real challenge following many big shark investors tending to slow down investment into new projects largely due to anxiety caused by the coronavirus pandemic.

We have all witnessed ADA gaining a lot of traction recently as people begin to recognize the blockchain’s potential. More specifically, there has been a high demand for a faster and cheaper blockchain. The crypto space has already seen decentralized exchanges with Ethereum/BSC as their primary currency which users can swap to any other currency. For example, Uniswap, one of the biggest DEXs, quite slow and expensive for average users. Utilizing Cardano in such a setting is only apt as it promises speeds that are a lot higher with low fees required to transact.

Comparing this token to its competitors in the market, Uniswap grew around 30x in its first few months while others like Pancakeswap went on to a much bigger rally of around 100x in its initial period of a few months. Similarly, SushiSwap rose to $23 from $0.6 in a small period. This comparison of tokens similar to ADAX shows the potential it has in both the short term and long term.

Putting aside the speculations, ADAX aims to increase its intrinsic value from time to time according to its roadmap which is consistent with the growth in the Cardano ecosystem. All-in-all there is not much doubt when it comes to estimating the value of ADAX in the future as the brief history of crypto is on its side.

Check it out here: https://exmarkets.com/launchpad/adax-ada