“Not your keys, not your coins” is a common refrain in the crypto world. It means that if you don’t control the keys to your wallet, you don’t control your coins. The implication is that if someone else has your private key, they essentially own your assets.

This is a problem that decentralized exchanges (DEXs) have been trying to solve. DEXs are exchanges that don’t rely on a third party to hold your funds. This makes them more censorship-resistant and trustless than traditional exchanges. However, many DEXs are still custodial, meaning that you have to trust the exchange not to steal your coins.

ADAX DEX Launches

ADAX is a new DEX that is launching on Cardano. It is non-custodial, meaning that you control your keys and therefore your coins. It is also instant, meaning that you can trade without having to wait for confirmations. It is also much cheaper than the Ethereum network, making it a more efficient way to trade.

ADAX is built on top of Plutus smart contracts. This allows it to be fully decentralized, while splitting each order into smaller UTXOs to avoid any concurrency issues. The UX team has spent countless hours making sure that the user experience is both intuitive and frictionless.

Further, ADAX is integrated with Nami, and GeroWallet, and CCVault to come in the next couple of days. It has many more API-based integrations planned for the immediate future. The platform has had an oversubscribed private sale, and a tremendously successful IEO on ExMarkets, and most recently, its list of valued relationships has expanded to include World Mobile providing their innovative blockchain telecomms network, Netvrk, BlackDragon, and Charli3, who will provide decentralized oracle services native to the cardano blockchain.

ADAX DEX offers a powerful trading tool, empowering traders to re-calibrate their investments based on early signs of changing “social sentiment”, powered by a partnership with Stockgeist.ai. By utilizing the data scraped from social media sites like Twitter, Facebook, Reddit and Discord, ADAX’s traders will know which tokens are getting hot and which are cooling down, thus stretching their lead over the competitors even further.

How Else to Keep Your Tokens Safe

Anyone who’s been in the crypto space long enough knows that non-custodial solutions are key to keeping your tokens safe, which makes ADAX a strong contender for those looking for a safe

and a secure place to trade.

In the interests of security, however, users should note that there are several other best-practices that should be taken into account when trading cryptos, even on a non-custodial platform. For example, it’s always a good idea to use a hardware wallet to store your tokens, as this will provide an extra layer of security in the event that your computer is hacked or compromised.

Additionally, it’s important to be aware of the various scams and phishing attacks that are constantly being waged against crypto holders. Always make sure you are dealing with a reputable and legitimate platform, and never give away your personal information or login credentials to anyone.

Finally, it’s important to remember that the crypto market is still relatively new and unregulated, so it’s always important to do your own research before investing in any new tokens.

Ultimately, those looking for a safe and scalable Cardano-based DEX will be excited to try out ADAX.

“Not your keys, not your coins” is a common refrain in the crypto world. It means that if you don’t control the keys to your wallet, you don’t control your coins. The implication is that if someone else has your private key, they essentially own your assets.

This is a problem that decentralized exchanges (DEXs) have been trying to solve. DEXs are exchanges that don’t rely on a third party to hold your funds. This makes them more censorship-resistant and trustless than traditional exchanges. However, many DEXs are still custodial, meaning that you have to trust the exchange not to steal your coins.

ADAX DEX Launches

ADAX is a new DEX that is launching on Cardano. It is non-custodial, meaning that you control your keys and therefore your coins. It is also instant, meaning that you can trade without having to wait for confirmations. It is also much cheaper than the Ethereum network, making it a more efficient way to trade.

ADAX is built on top of Plutus smart contracts. This allows it to be fully decentralized, while splitting each order into smaller UTXOs to avoid any concurrency issues. The UX team has spent countless hours making sure that the user experience is both intuitive and frictionless.

Further, ADAX is integrated with Nami, and GeroWallet, and CCVault to come in the next couple of days. It has many more API-based integrations planned for the immediate future. The platform has had an oversubscribed private sale, and a tremendously successful IEO on ExMarkets, and most recently, its list of valued relationships has expanded to include World Mobile providing their innovative blockchain telecomms network, Netvrk, BlackDragon, and Charli3, who will provide decentralized oracle services native to the cardano blockchain.

ADAX DEX offers a powerful trading tool, empowering traders to re-calibrate their investments based on early signs of changing “social sentiment”, powered by a partnership with Stockgeist.ai. By utilizing the data scraped from social media sites like Twitter, Facebook, Reddit and Discord, ADAX’s traders will know which tokens are getting hot and which are cooling down, thus stretching their lead over the competitors even further.

How Else to Keep Your Tokens Safe

Anyone who’s been in the crypto space long enough knows that non-custodial solutions are key to keeping your tokens safe, which makes ADAX a strong contender for those looking for a safe

and a secure place to trade.

In the interests of security, however, users should note that there are several other best-practices that should be taken into account when trading cryptos, even on a non-custodial platform. For example, it’s always a good idea to use a hardware wallet to store your tokens, as this will provide an extra layer of security in the event that your computer is hacked or compromised.

Additionally, it’s important to be aware of the various scams and phishing attacks that are constantly being waged against crypto holders. Always make sure you are dealing with a reputable and legitimate platform, and never give away your personal information or login credentials to anyone.

Finally, it’s important to remember that the crypto market is still relatively new and unregulated, so it’s always important to do your own research before investing in any new tokens.

Ultimately, those looking for a safe and scalable Cardano-based DEX will be excited to try out ADAX.

GameStop, the embattled video game store and meme stock, launched a non-custodial Ethereum browser wallet in beta on Tuesday. Users control their assets and must manage the wallet’s private keys themselves.

The wallet is available from the Chrome Web Store for the Chrome and Brave browsers, and an iOS version of the app is “coming soon.”

The new wallet precedes GameStop’s NFT marketplace, which the video game store expects to launch by September. In February, GameStop announced a partnership with Immutable X, an Ethereum Layer 2 for NFTs, to build the marketplace and launch a $100M development fund. Loopring will also help develop GameStop’s NFT marketplace.

GameStop’s wallet supports Layer 2 transactions on the Loopring rollup network. Loopring transactions are cheap, and secured by Ethereum’s base layer. Etherscan estimates that transfers on the Ethereum mainnet cost about $1.30 and swaps are priced at $10.45. The same transactions cost $0.02 and $0.50 on Loopring, according to L2fees. 

GameStop’s brick-and-mortar shops suffered when the gaming industry went mostly online-only, but the company’s stock went viral in early January after retail investors piled in. The price of GME surged from $19 to highs of $483 in January 2021 before crashing to $40 in February. GME then hit $342 last June but now trades for $96. In its fourth quarter financials, GameStop reported losses of $147.5M, equating to a loss of $1.94 per share. 

While plenty of crypto fans are looking forward to GameStop’s NFT marketplace, gamers have pushed back against NFTs, criticizing the energy expenditure associated with Proof-of-Work and the extractive business models game studios use when leveraging nonfungible tokens.

In February, Team17, the developer of Worms, canceled plans to launch NFTs less than one week after its announcement drew criticism from fans and one of its development partners. 

During the same month, Electronic Arts (EA) CEO Andrew Wilson said the company is no longer “driving hard” on NFTs. Sega announced NFTs in April 2021, but after persistent criticism, the company said it will “carefully assess” users’ concerns before launching them.

ErgoDEX is seeking to join the list of decentralized exchanges on the Cardano network by launching on testnet.

It has been a long road, but here are some of ErgoDEX’s testnet first transactions on Cardano. Testing is going well so far and we are excited for everyone to come and try and break it for us!https://t.co/orjAaO0oFi

— ErgoDEX (@ErgoDex) April 4, 2022

ErgoDEX, a non-custodial decentralized exchange, has officially launched on the Cardano testnet. 

Ongoing ErgoDEX Testing

The team behind ErgoDEX has embarked on numerous testing to ensure that it deploys an efficient decentralized exchange platform to Cardano enthusiasts seeking to use more decentralized exchange on the network. 

At the moment, a selected group of ErgoDEX and Cardano enthusiasts are engaging in a series of testing of the platform, which commenced yesterday. 

The “closed testing” as described by ErgoDEX went live yesterday as part of measures to ensure that the ErgoDEX trading platform is deployed on the Cardano mainnet without any hassle. 

ErgoDEX shared a link to the Cardano testnet explorer for the exchange, showing users’ transactions on the network, which indicates intensive testing of deposits to a liquidity pool.   

Notably, the closed testing will span for two weeks before the team commences open testing, which will allow more people to use the platform. 

“The first release always requires caution. Therefore, to make our launch smooth, we have decided to start with closed testing on April 4th. Then over the next two weeks, we will move towards open testnet, slowly letting people in and making sure the performance stays satisfactory,” ErgoDEX tweeted. 

The first release always requires caution. Therefore, to make our launch smooth, we have decided to start from closed testing on April 4th. Then over the next 2 weeks we will move towards open testnet, slowly letting people in and making sure the performance stays satisfactory!

— ErgoDEX (@ErgoDex) March 31, 2022

ErgoDEX Features 

ErgoDEX is a non-custodial decentralized exchange that allows a quick and secure liquidity transfer between the Cardano and Ergo blockchains. 

With ErgoDEX, users can have shared liquidity among different trading platforms on both the Ergo and Cardano ecosystems. 

The team has already developed a classic automated market maker (AMM) and is preparing to launch a decentralized order book in the near future. 

More DEXes Eager to Launch on Cardano

ErgoDEX launch on the Cardano testnet marks a surging interest in the number of decentralized exchanges seeking to be deployed on the network. 

Since the Cardano smart contract functionality was enabled, over six decentralized exchanges have gone live on the network, more are still eager to join the blockchain. 

Decentralized exchanges are flocking to Cardano because of its mouthwatering features such as speed, low-cost transactions, and the ability to scale effectively. 

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Dublin, Ireland–(Newsfile Corp. – December 5, 2021) – Ravendex primarily ranks to be the first non-custodial decentralized exchange and Launchpad powered by the Cardano Blockchain.

Figure 1 Ravendex – Next Gen Non-Custodial DEX On Cardano Blockchain And Launchpad Powered By Cardano Blockchain

It features four multi-function liquidity pools which are as mentioned below:

• Constant-product pool

• Stable pool

• Multi-asset pool

• Dynamic pool

APY rates were initially lower than other lending platforms on various blockchains, such as AAVE on Ethereum. Due to Cardano Blockchains speed and low transaction costs, the utilization of borrowed funds and overall returns to investors were greater and more efficient than other networks.

Decentralized Automated Market Maker System

Soon, the much-anticipated decentralized automated market maker system, RavenDex, will be available for trading. This means an investor can transfer tokens across blockchains without a third party, like an exchange.

RavenDex’s decentralized asset exchange utilizes HTLC technology. The protocol ensures the exchange if everyone agrees. On the other hand, those who do not complete the operation will be refunded.

Staking For Revenue

As revealed by Ravendex, $RAVE holders may stake their tokens to receive $RAVE rewards via a simple web interface. Ravendex will debut its staking platform sooner than anticipated. Thus, making Ravendex a more lucrative platform for early adopters.

With a Non-Fungible Token Staking Protocol, Ravers may stake their rare digital collectibles and earn reward points. WHEN LAUNCHED, $RAVE token holders may use the staking platform to earn up to 25% more.

Each cycle, the stake is determined by the quantity of $RAVE allocated. Holding $RAVE allows investors to give liquidity to DEX projects and earn a share of the fees. Similar to staking.

About Ravendex

Ravendex is one of the first applications in the Cardano Ecosystem to use the newly announced Alonzo Hard Fork upgrade, which allows smart contracts to deposit assets and receive interest according to pre-defined parameters.

Story continues

Media Links

Github: https://github.com/Ravendexlabs

Telegram: http://t.me/ravendexlabs

Twitter: https://twitter.com/Ravendexlabs

Contact Channels:

Company Name: Ravendex Labs

Contact Name: Raven

Email: hello@ravendex.io

Location: Dublin, Ireland

Website: https://ravendex.io

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106649

Nowadays, decentralized exchanges are a part of exchanges that allow peer-to-peer transactions without any third party. Importantly, you can perform transactions safely online without any issues.

DEX advocates that what makes decentralized exchanges attractive is their security. However, centralized exchanges come with several issues, including exposure to hackers, prohibiting or limiting your ability to trade cryptocurrency, and restricting access to your digital assets.

Nevertheless, decentralized exchanges facilitate trade between individuals through smart contracts. There are several successful DEXs, including PancakeSwap on Binance Smart Chain and Curve and Uniswap on Ethereum. RavenDex is another unique platform built on the Cardano Blockchain. It is a cross-chain exchange that operates using the EUTXO accounting model with unique features like splitting liquidity.

Besides this, it offers the first crypto asset lending and borrowing platform on the Cardano Ecosystem that allows smart contracts to deposit and collect interests from assets using a set of pre-defined rules.

In order to further know about Ravendex, here’s an interview with Ravendex Core Team.

Q: Quick follower gaining on Twitter within a short period, what is the secret?

Ravendex Core Team: I always know that growth is possible when the right principle is applied. We understood the importance of Twitter and utilized the platform to its fullest.

Firstly, we partnered with Twitter promoters to leverage their audience. The marketing team also ran different PR campaigns, which resulted in over 15K followers within a month.

Q: What’s the idea behind your team’s mysterious identity?

Ravendex Core Team: A project can be anonymous for specific reasons. However, it is fundamental for investors to do their research about any project. The whole concept of Crypto industry was the decentralized and being anonymous, and now attempts are made to change that entirely in name of transparency. It is laughable that some people think that when a project has an anonymous team, it is a fraudulent project.

Q: Because of the anonymous team behind your project, there are several FUDs about the Rave token on social media. What is your reaction to these FUDs?

Ravendex Core Team: If you have been in the cryptocurrency space, you would know that FUD is inevitable. For instance, Bitcoin was called a scam when it started, and many people refused to buy it.

Today, its price is approaching the $100,000 market, and you still think it is a FUD? So when I hear about the FUD about our project, I don’t give a thought to them because we are here to revolutionize the cryptocurrency industry.

Q: Is there any insight as to where the project is heading now?

Ravendex Core Team: What insight are you referring to? We have everything laid out on our several platforms. For instance, in our Medium blog, you will see our technical updates and documentation pages, which show our Roadmap.

In addition, on our website, you can download our Whitepaper, which contains everything you need to know about the project and the sale stages.

Q: We’ve talked about the FUD; what is the attitude of Ravendex concerning this?

Ravendex Core Team: We have always had a zero-tolerance regarding FUD. Fudders have only one intention, which is to bring a project down, notwithstanding anything. It is evident that our success, despite being anonymous, has attracted several jealous critics and bitter people who missed the bandwagon or are on the wrong side of the street. We wish them well because

Ravendex has been growing exponentially despite these attacks. If their jealously fuels our success more, we look forward to more of these FUDS.