KADDEX DEX
Kaddex is a decentralized cryptocurrency exchange (DEX) built on Kadena Proof-of-Work (PoW) layer-1 blockchain network.
Kaddex aims at developing the true vision of DeFi by creating financial tools that are accessible to all users in terms of costs and simplicity, while also being fully decentralized. To do so, Kaddex introduces its utility token: KDX.
KDX is a mean to establish true democracy and community ownership of Kaddex’s ecosystem and to implement the first financially sustainable Liquidity Mining programme. This allows the community to steer the development of the platform, while also incentivizing participation in certain pairs, and therefore improving the overall users swapping experience. All together, these technologies enable a DEX and a DeFi suite that is positioned to not only support the Kadena ecosystem, but to create DeFi in the way it was supposed to be: open to all, community-owned, simple to use and cheap to participate in.
KDX is also the tool for Kaddex supporters to play a central role in the DAO governance, which is designed to be completely community driven, achieving a truly integrated collective vision. Kaddex’s gas-free environment allows all users to participate in the DAO governance freely, breaking down the voting cost barrier present in all Kaddex’s competitors. Being a Kaddex DAO contributor means being rewarded for your effort in acting towards the interest of the community. This in turn improves the overall ecosystem, fostering a positive feedback loop that favors all DAO members.
KADDEX UNIQUE FEATURES
Lightning speed, at zero cost, on Kadena’s secure infinite scalability: Kaddex itself offers a number of unique features which all take place without intervention from central on-chain authorities. These are:
KADDEX TOKENOMICS
The utility token KDX is a programmatic scarce resource – with a limited supply of 1 billion – that enables Kaddex to enforce its decentralized governance operations and to attract LPs.
KDX holders can also stake their tokens to claim 0.05% of every swap, proportionally to the KDX stake owned. KDX liquidity mining programme aims at incentivizing users’ participation and deepening pools’ liquidity, while at the same time keeping the KDX vesting schedule predictable and sustainable.
MEDIA CONTACTS:
Media ContactCompany Name: KADDEX Email: Send EmailCountry: United StatesWebsite: https://kaddex.com