ADAX is a decentralized and non-custodial automated liquidity protocol designed to enable trades within the Cardano ecosystem.

ADAX is an automated liquidity protocol built on Cardano that operates with the native ADAX token. Developers chose Cardano as the platform because it offers faster transactions and higher throughput compared to Ethereum.

ADAX simplifies transactions in the Cardano ecosystem and enables users to buy and trade tokens in a decentralized manner. It eliminates the need for intermediaries or additional procedures, allowing users to trade directly with each other. ADAX ensures freedom of trade, full asset control, and is free from censorship.

The project was launched in the third quarter of 2021 and conducted a public IEO (Initial Exchange Offering) on the ExMarkets platform from June 11, 2021, to June 25, 2021.

Who Are the Founders of ADAX?

ADAX was founded by Timo Trippler, who has been the CEO since June 2021. Trippler is an experienced entrepreneur with expertise in FinTech and InsurTech. He is also an ICO Advisor and has been involved in the blockchain industry since 2015, specializing in strategic and marketing consulting.

The ADAX team consists of skilled professionals from the crypto industry who have brought their expertise from Ethereum to the Cardano ecosystem. The team includes Dovydas Petkevičius (CMO), Muhammad Furqan (CTO), Murad Sharifli (Head of Post Sales), Domas Dilūnas (Growth Specialist), Mate Tokay & David Widmann (Strategic Advisors), and Arturas Svirskis (Business Advisor). More information about the team can be found on the company's official website.

What Makes ADAX Unique?

ADAX stands out by leveraging the advantages of Cardano, which offers a scalable infrastructure and resolves the issues of congestion and high gas fees faced by Ethereum. It allows developers to build decentralized applications (DApps) without worrying about transaction fees and network congestion. ADAX is a fully decentralized protocol that enables the development and launch of decentralized trading platforms, facilitating decentralized transactions on its infrastructure.

ADAX operates as a decentralized exchange (DEX) using an automated market maker (AMM) model and liquidity pools instead of traditional order books. The platform offers stable liquidity pools, token swaps, staking, and an ERC-20 token converter. It is a non-custodial exchange where users have full control over their assets and can trade without intermediaries.

Users can convert ERC-20 tokens to Cardano-compatible tokens and vice versa through the cross-chain bridge, simplifying token exchange and asset movement between blockchains.

The Automatic Market Maker (AMM) model employed by ADAX is similar to the Uniswap model. ADAX aims to become the Uniswap of the Cardano network, providing a reliable DEX protocol with a user-friendly interface.

Another important component of ADAX is its liquidity pools, where users provide liquidity for decentralized trading. Participants are rewarded for contributing to the platform, and the fee rewards are distributed between liquidity providers to incentivize liquidity provision for various tokens.

How Many ADAX (ADAX) Coins Are There in Circulation?

The initial exchange offering (IEO) of ADAX took place in June 2021 on the ExMarkets.com crowdfunding platform, with a total supply of 100 million ADAX tokens. The token distribution is as follows: Liquidity - 10%, Team Tokens - 10%, Staking - 15%, Treasury - 25%, Public Distribution - 40%. As of October 2021, approximately 52.4 million ADAX coins are in circulation.

How Is the ADAX Network Secured?

ADAX operates on the Cardano blockchain, which utilizes the Proof-of-Stake (PoS) consensus protocol for security. The PoS method ensures transaction verification and prevents double counting issues.

Where Can You Buy ADAX (ADAX)?

As of October 2021, ADAX is listed on the centralized exchange ExMarkets. To purchase ADAX tokens, users can visit the official ADAX website or trusted platforms like PancakeSwap or Binance. They need to connect and fund their wallets, select ADAX coins in the exchange column, specify the quantity, and proceed with the swap option.