ADAX is the abbreviation of CardanoDex. ADAX is a hard fork of ADA Which operates on the basis of Binance Smart Chain ,and with aims to eliminate the inherent flaws of ADA, a decentralized exchange on the Cardano network with other platform, interconnect between blockchain networks, simplify the user threshold, and provide lower rates to improve the DEFI ecosystem.
ADAX is the forerunner of the permanent liquidity of the DEFI governance token UNI and the offsetting of impermanent losses, an inflation token based on liquidity and at the same time through permanent liquidity governance to offset impermanent losses, the next generation of intelligent aggregator. The Jurong Finance platform, which supports multiple DeFi protocols, is based on the UNI fork, which simplifies the user threshold and provides a lower fee rate to promote the DEFI ecosystem. ADAX pools the different tokens deposited by users into different pools, and then mobilizes funds from a certain token pool to participate in different liquidity mining according to the strategy, thereby achieving higher returns.
The ADAX development core team comes from the United States, China, and South Korea. Its purpose is to improve some of the shortcomings of UNI. ADAX aims to improve the design of the AMM mechanism in terms of price curve and contributor rewards. ADAX cuts from the perspective of inclusive finance, stands on the position of large- scale middle-class investors and low-level investors with limited capital, and tries to solve the problem of global ordinary investors and the current financial system by building an open community of inclusive high-quality investment products. The dilemma facing: monopoly, territoriality, opacity and privacy protection.
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