On September 29, 2021, ADAX.PRO team members CMO Dovydas and Lead Dev Architect Harold joined a Telegram AMA session to discuss their accomplishments and vision. During the hour-and-a-half-long session, more than 20,000 members asked over 500 questions regarding the project’s development status, priorities, marketing plans, and product release information.

Cardano’s DeFi sector is a promising prospect in the blockchain space after successfully implementing the Alonzo update. Following ADAX’s AMA session, the anticipation of a toppling DEX is growing, with ADAX.PRO poised to become the #1 DEX on .

About ADAX

ADAX is an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a completely decentralized and non-custodial way. ADAX allows users to trade freely without restriction and with no loss of control or censorship.

Cardano is being widely regarded as the future standard for crypto. Investors recognize the network’s potential to challenge the embedded status quo of monopolistic and bureaucratic power structures within the world of crypto. ADAX provides a compelling alternative to traditional decentralized finance systems and offers new ideas for contract-based DEX platforms.

Development Is on Track

During the AMA session, technical updates represented the core of the discussion with ADAX.PRO’s lead architect Harold. He explained the current progress:

“We have not really yet seen fully decentralized DEX, which is using order book approach. This is because matchmaking happens off-chain, and can lead to infrastructure failure. Cardano’s eUTxO approach favors the order book model.
Implementing the order book-based model instead of an AMM won’t affect price feed because “slippage is not a problem,” nor are transaction fees, because smart contracts on Cardano are inexpensive. Cardano offers an eUTxO eUTxO that favors Cardano’s order-book approach while also innovating the DEX standard. Harold also noted that ADAX.PRO had solved the concurrency problem, however, they are still tweaking their smart contract.

A bridge between Cardano, BSC and Cardano was stated by the project as not being a priority. But they are developing it based upon community demand. According to the roadmap, ERC20 will be the first bridge, after Polygon and partners at MELD. A Concordium bridge is expected in 2022. ADAX.PRO has been in talks with Kucoin about listing ADAX tokens. Kucoin plans to support Cardano Native Tokens starting in October. The team hopes more exchanges support the token. ADAX.PRO will also be able jump on these top-level platforms, and will have access to a wider range of traders from around the globe.

What’s more, ADAX.PRO’s central development focus is smart contract security above anything else, as they want to ensure “that decentralized side of the platform is safe for everyone” Harold reiterated that audit is the company’s main priority, and their capable team is built to create the most effective smart contract integrations. ADAX.PRO partnered with an auditing firm – BTblock, and the finality of the audit will also mean the launch of the DEX.

Marketing Is on Point

The 2021 Cardano Summit in Munich was an ideal springboard for ADAX PRO to expand its product exposure and create intrinsic value for retail and institutional investors. The company’s CMO emphasized that TVL is paramount to a DEX success, and most of the strategy surrounding their Summit presence revolved around “conversations with people from smart money background.”

ADAX PRO has already partnered with a number of influencers, including BitBoy, to propagate the value of their DEX through social networks. Partnerships support the development of steady progress. During the AMA, Dovydas noted that Cardano ecosystem partnerships “are vital” because they can help build a valuable framework for developing the DEX. So they’re expanding their network, with partnerships already made with Charile3 and GeroWallet3.

ADAX.PRO’s marketing assets were discussed during the AMA. Aside from being advised by one of .com’s co-founders, ADAX.PRO holds the first-mover advantage by developing a state-of-the-art DEX and setting “the new trend for all the dexes out there.”

Market Gates Are Open

Ultimately, investors seek product delivery. ADAX.PRO is closer to reaching “ADAX number 1” although functionality and security should not be overlooked. ADAX.PRO is a 100% MVP and plans to launch its DEX once all parts are in place, as well as API wallet integrations.

VC backing wasn’t negotiated during the Cardano Summit 2021 with ADAX.PRO team members conducting discussions to ensure a high TVL on the network. With all elements falling into place, ADAX.PRO said a complete launch in Q4 of 2021 is “a realistic target.”

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