ACARDEX Operates A Decentralized Exchange And Automated Market Maker (AMM)

nazarabdi
6 min readMar 22, 2022

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Decentralized exchanges typically employ a variety of protocols and working methods to accomplish their goals and tasks. Despite the fact that these dynamics lead to increased safety and self-reliance, they can have a negative influence on platform liquidity. As a result, large-scale institutional investors and individual traders may be hindered by the lack of liquidity in some crypto assets. ACARDEX has created a method to increase the liquidity of asset pools across decentralized exchanges.

About Acardex

Acardex acts as a non-custodial decentralized exchange providing liquidity to its traders while also allowing its users to participate as liquidity providers and earn commissions on each trade. Acardex also acts as a marketplace for others to trade their native Cardano Tokens for a low, very low fee. Acardex was founded for this very reason.

ACARDEX is a decentralized exchange and automated market maker (AMM) dedicated to developing on Cardano and taking advantage of the many opportunities it brings while upholding ACARDEX core values of sustainability, decentralization, and financial inclusion.

Many significant issues that Decentralized Exchanges confront have been addressed by Acardex. These include the use of automated market makers and access to liquidity pools structured by Acardex smart contracts, as well as token swapping between different blockchains (interoperability of different kinds).

On Cardano, Acardex aims to be the most unique decentralized exchange by utilizing the automated market maker protocol to serve as a decentralized exchange for seamless token swaps between native and non-native tokens as well as trading of Cardano-based native tokens.

Features Of Acardex

Anonymity: In terms of Acardex decentralized exchanges, anonymity is one of the most crucial advantages. Decentralized crypto exchanges eliminate the requirement for users to go through normal identification procedures like Know Your Customer (KYC) checks.

Native Token availability: It’s important to note that Acardex makes it easier for tokens created on the Cardano blockchain, such as those issued by the company itself. In addition, tokens created on other blockchains like Ethereum can transmit funds to Acardex network and vice versa. Tokens issued by new initiatives would first be listed on decentralized markets.

Reduced Counter-Party Risks: When one of the parties participating in a transaction fails to fulfill their contractual duty, counter-party risk is immediately visible. Due to Acardex smart contracts there will be no intermediaries needed for transactions, and this means that Acardex will be able to avoid counter-party risk.

Low security risks: This means that no one can actually freeze or hack decentralized exchanges because they supply users with private keys, and no one can actually freeze or hack decentralized exchanges. A DEX, or decentralized exchange, is unusual in that it does not have control over the cash of its customers, unlike traditional exchanges. Traders, on the other hand, are in complete control of their funds and the way they engage with the DEX.

Liquidity Provision: In exchange for joining liquidity pools, users of Acardex can generate passive income by collecting fees on the “ADA — Cardano Native Tokens pairs” on the Cardano Blockchain, thanks to the AMM protocol.

Native assets lending & borrowing protocol: Developers working on the DE-Fi platform are also working on a native assets lending protocol, which will allow our customers to get loans and pool resources to use in several applications. User assets can be lent or borrowed through a new lending and borrowing system they are building. Using peer-to-peer technology, this can be accomplished (Peer To Pool, Pool To Peer Lending Protocol). Users will be able to borrow from a pool of assets and pay them back with interest over a predetermined period of time.

Acardex Price Display: The Acardex DEX will be built with asset price display, web 3.0 wallet connect, and transaction list capabilities, with the promise of low transaction fees and high security. Trade and transfer to a different network address in a single transaction are also essential features, as are numerous pricing functions for a single liquidity pool, instant price feed through on-chain oracle, trade routing, and many others not listed here.

Acardex Mission And Vision

Acardex is a decentralized exchange on the Cardano network that uses the automated market maker protocol to facilitate token swaps and trading of Cardano-based native tokens. When Acardex is fully operational, DeFi features including the Initial Dex Offering launchpad, NFT marketplace, Borrowing and Lending protocol, and more will be available.

Acardex Mission

It is the objective of Acardex to build the greatest and most distinctive AMM decentralized exchange on the Cardano ecosystem, and the Acardex platform makes use of the automated market maker protocol to do so.

To ensure interoperability, Acardex is also working on a bridge or converter that will allow customers to trade their digital assets between chains like Ethereum via our bridge and earn passive income while trading Cardano tokens with no fees and lightning-fast transactions.

Acardex’s goal is to ensure that DEX users will be able to conduct permissionless, non-custodial transactions while also ensuring that the liquidity pool is maintained by allowing users to participate as liquidity providers. Good incentives for Acardex token holders and platform users are currently being worked on.

Acardex Vision

Another set of DeFi services will be made available through the Acardex platform by the company’s core team members, including but not limited to:

Addition of NFT marketplace: On the Cardano network, Acardex is building a decentralized cross-chain NFT marketplace where users may mint and sell NFTs in a user-friendly interface while using the Acardex native token for every transaction.

Launch of IDO launchpad: It will be up to the holders of Acardex’s native tokens to vote on whether or not a project on the Cardano blockchain should be sponsored through an Initial dex Offering launchpad, which will only support projects running on the Cardano blockchain.

Launch of Metaverse: Users can currently purchase virtual land and other assets with metavers, a popular keyword in the cryptocurrency world. Acardex’s long-term goal includes the incorporation of the metaverse, where users can buy virtual lands, goods, and engage in other activities such as gaming.

Decentralized Assets Lending & Borrowing : Smart contracts will be used by the Acardex team to implement lending and borrowing of assets, allowing users to serve as liquidity providers and lenders. You won’t have to deal with anybody else and you’ll have access to your crypto assets more easily if this is implemented.

Tokenomics

The distribution of Acardex native tokens has been designed in such a way that it will always maintain a community-driven and decentralized network that will never be controlled by any central power or individual.

There are 1,000,000,000 $ACX tokens available; they will be minted and distributed in the manner specified below.

Token Distribution

Seed sale — 15% — 150,000,000 ACX

Pre-sale — 20% — 200,000,000 ACX

Public sale — 25% — 250,000,000 ACX

Team — 10% — 100,000,000 ACX

Staking / Yield Farming — 20% — 200,000,000 ACX

Locked ecosystem / reserve — 5% — 50,000,000 ACX

ISPO — 5% — 50,000,000 ACX

1. At seed sale stage, 1 ACX Token will be sold at 0.00125 ADA

2. At pre-sale stage, 1 ACX Token will be sold for 0.0024 ADA

3. At public sale stage, 1 ACX Token will be sold for 0.0030003 ADA

Conclusion

Using the automated market maker protocol, Acardex is a decentralized Cardano exchange that makes token swaps and trading of native Cardano tokens simple and fast. As the fastest DEX that supports the NFT mmarketplace, IDO Lanchpad, and metaverse features, it is the fastest DEX in general. We at Acardex want to establish a decentralized exchange that is unlike any other on top of the Cardano blockchain and cryptocurrency ecosystem. By using an automated market maker protocol, it is possible to trade native Cardano assets on the Acardex platform without involving a middleman. Acardex’s goal is to make it possible for users to smoothly trade their digital assets between chains such as Ethereum via a bridge or converter and to earn passive income by trading Cardano native tokens with no fees and lightning-fast transaction speeds.

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