Netvrk is excited to announce their newest partnership with ADAX, one of the first DEXs (decentralized asset exchange) on the Cardano network. Netvrk will also be taking an investment position in ADAX, via it’s newly launched venture capital arm, Netvrk Ventures.
ADAX bring decentralized automated liquidity protocol to the Cardano ecosystem, and is the first to do so on the actual Cardano blockchain. ADAX will be featured in Netvrk’s virtual world, joining fellow Cardano project — . ADAX’s virtual headquarters will be a hot spot for the community to congregate and visually interact with the DEX.
ADAX’s IEO details can be found here.
Read more about ADAX below:
Cardano’s scientific, evidence-based approach promises to redefine the future of DeFi. Once Cardano launches smart contracts that will rival Ethereum’s, ADAX is set to become the most powerful trading venue within the Cardano ecosystem.
ADAX’s unique trustless protocol will facilitate token swaps, NFT trading, and broader reorientation of the DeFi world towards Cardano. ADAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network.
Chief Marketing Officer of Netvrk, Daniel Kennedy:
“We’re very optimistic about the Cardano ecosystem and our integration with it. We believe in the vision of Cardano as a whole, and the team at ADAX is building an amazing platform that will benefit the entire Cardanoverse.”
Chief Marketing Officer of ADAX, Dovydas Petkevicius:
“”We are truly excited that the team from Netvrk has decided to support us! Cardano Ecosystem is growing and to engage in a joint venture with one of the pioneering projects’, at such an early stage of ours — just could not be more encouraging. From this point on — In addition to our real offices, we’ll have a digital address for our digital HQ!””
About ADAX Pro
ADAX is an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a completely decentralized and non-custodial way. ADAX has no order book — we eliminate all intermediaries, complexity, and cumbersome procedures from the equation, offering users untrammeled freedom to trade without censorship or loss of control over their assets. Users can maintain full control of their tokens and are not required to give up their private keys so that their orders can be logged as they are on a centralized exchange.
Netvrk is a social virtual world and platform, with powerful creation tools and infrastructure to easily create, share, experience, and monetize creations. With a focus on gaming, education and virtual workplaces, built around ownership of virtual land and assets.