Acardex, a Cardano-based decentralized exchange that enables seamless swap of native and non-native tokens and trading of Cardano-based native tokens is thrilled to announce the commencement of its $ACX token seed sale.
Among the unique blockchain projects built on the Cardano network that has attracted the attention of investors is Acardex. The platform has been designed to be a key to unlocking liquidity for the Cardano ecosystem in a completely decentralized and non-custodial manner.
The platform seeks to allow users to be able to trade with each other by locking their assets into a liquidity pool and earning rewards from trading fees, as a way to facilitate the trades initiated by Acardex users not to be matched with others using order books.
As such, the Acardex decentralized exchange will feature an exclusive trading and monetization protocol which will be based on AMM (Automated Market Maker) protocol to ensure a fast, trustworthy, and powerful liquidity upgrade.
ACX Token Seed Sale
The platform has provided a form of a comprehensive guide to enable users to understand how to participate in the token seed sale on the token sale page of their website. Information about the seed sale unveils that 1 ACX will be priced at 0.00125 ADA and 1 ADA will also be available for 800 ACX. However, intending investors can only purchase a minimum of 300 ADA and a maximum of 30,000 ADA.
Further information reveals that only people who use Cardano native wallets like Yoroi Wallet, Daedalus Wallet, Nami Wallet, or Adalite Wallet will be qualified to participate in the token seed sale of $ACX.
According to the announcement, $ACX being the native token has also been designed as the governance token of the platform, hence it will perform as the key operator of the Acardex Decentralized exchange and Marketplace. Meanwhile, users of Acardex who hold the native token can earn by staking $ACX tokens and also facilitate NFT transactions while serving as a governance structure for the Acardex Ecosystem.