This has been posted on the Telegram’s community group, by one of the admins (Romelito)
• partnerships - Charli3 / Netvrk / Gero Wallet / VyFi / KICK / Stockgeist A.I. / (another HUGE one that will be announced shortly but will have to wait for official announcement)
• Advisors/famous investors - Roger Ver / Mate Tokay / Black Dragon
• Tokenomics - total supply of 100 million tokens, which is 1/10 the total supply of Uniswap. Team receives 10%, 10% is for liquidity of the DEX, 15% for staking, 25% in the treasury and for the private sale that occurred in early June 2021, 40% public distribution.
• Current market cap - around $57 million
• Team of 26 Devs with Plutus and Haskell experienced developers in the mix and at ADAX disposal.
• ADAX is on the way to find solution to the eUTXO model but have yet to release the code to maintain a competitive advantage.
• Youtubers to cover ADAX - Cardano with Paul / Bitboy Crypto / Wendy O / Crypto Rain / Hustlepedia / Max Maher / Wealth in Progress / Altcoin Buzz / and many more
• Project release - mid to late October 2021
• Goal of ADAX - to be the Uniswap of Cardano
• Tradable on - Exmarkets, more centralized exchanges to come soon now that Cardano Hark Fork Culminator event has occurred
• Staking pools - pool 1 pays out 0.044% ADAX rewards per day, pool 2 pays out 0.033% ADA rewards per day. No locking period, currently only able to do off-chain on Exmarkets until product launch
• Community - over 21,000 on Telegram, as well as a booming Discord, Reddit, Youtube and Twitter following that continues to grow
• Wallet integration pairings that will work with ADAX upon launch - Gero / Yoroi / Cardswallet
• Things to expect to be able to swap on ADAX launch date - ADAX (of course), other CNT’s, ADA, Ethereum, and Bitcoin
• Advantages to ADAX over Uniswap on day 1 of launch - lower gas fees, more predictable gas fees, higher transactions per second
• Currently in the audit process with information soon to be released on this
• Future plans for revenue after DEX launch - ADAX plans to become a launchpad for future Cardano projects, as well as become a white label solution, and will have an ERC-20 bridge in Q1 of 2022 that will make swapping all of your favorite ETH tokens at low gas fees a possibility
• Price comparisons to similar major DEX players and possible gains that can occur: Uniswap did 30x, Sushiswap did 45x, and Pancakeswap did 100x from original listing price. Original listing price of ADAX was $0.30 which means it currently sits at less than a 4x.
• Reasons for recent price depreciation - September is the worst month for crypto price wise, Cardano recently launched smart contracts which caused a buy the rumor sell the news event, Exmarkets exchange FUD and recently going down, all of the vesting tokens releasing on September 13th and people taking profits
• My expectations for Q4 of 2021 - ADAX will be launching next month sometime in October. We also are close to more Centralized exchanges listing ADAX. Cardano is becoming more and more bullish as its successful launch of smart contracts has led to over 2,400 smart contracts waiting to launch after clearing audits and code checks. I believe the crypto market is about to have a parabolic blow off top move in the next month or two, which will correlate perfectly with the launch of ADAX. With a market cap of $57 million and the ability to have cheaper gas fees than Uniswap, as well as being one of the few DEX tokens on Cardano you can actually buy; I see ADAX performing extremely well down the stretch. Largest concern at this stage is if the code is not up to par, or if there are issues launching on Cardano’s smart contracts, which would cause a launch delay. If ADAX can launch successfully in October, with the market turning more and more bullish, this can be an extremely exciting time for ADAX and the surrounding Cardano ecosystem.
No comments:
Post a Comment