ADAX ADAX Price $ 0.0023

ADAX is an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a completely decentralized and non-custodial way. ADAX has no order book -- is eliminates all intermediaries, complexity, and cumbersome procedures from the equation, offering users untrammeled freedom to trade without censorship or loss of control over their assets. Users can maintain full control of their tokens and are not required to give up their private keys so that their orders can be logged as they are on a centralized exchange.

Users can convert ERC-20 tokens to Cardano-compatible tokens and vice versa via the cross-chain bridge. This component allows trading in AMM and simplifies the exchange of tokens and streamlines the process of moving assets between blockchains.

The Automatic Market Maker (AMM) model is similar to the Uniswap model. The aim of ADAX is to become a Uniswap on the Cardano network, providing the most reliable Decentralized Exchange (DEX) protocol as well as a user-friendly and intuitive user interface. Another fundamental component is the liquidity pools of the platform, where users provide liquidity for the pools that are used for decentralized trading, and as a result, participants are rewarded for contributing to the platform.