Cardax and MLabs Announce Partnership To Deliver Best Cardano Dex

Amsterdam, December 3. Cardax, the Project Catalyst winning DEX to be built on Cardano partners with MLabs, a premier Haskell, Rust and blockchain consultancy for Cardano. 

About Cardax
Cardax (CDX) is a decentralized exchange (DEX) of the Cardano blockchain. In 2021 it was possible for the first time to use smart contracts on Cardano, allowing developers to develop their own application for Cardano. With Cardax it will soon be possible to buy tokens that run on the Cardano blockchain. Just like it is possible to buy tokens with UniSwap (UNI) that run on the Ethereum (ETH) blockchain. 

About Mlabs
The team of Mlabs has done most of its work in Haskell and Rust, in the blockchain, fintech, and payments space. MLabs will collaborate with the Cardax team to build the entire platform with all its features from the ground up. For Cardax supporters this is great news as the project is now fully backed by MLabs team’s expertise.

Winner Project Catalyst
The team behind Cardax has made headway assembling a team with technical experience on decentralized technology and was selected by the Cardano community as the first DEX to win Cardano’s Project Catalyst twice, the grant given by the Cardano community projects built on its network. 

“We are very happy to be able to work with MLabs. Cardax is now on a stage in which we are ready to start ramping up with the Plutus code and who better than MLabs to support us with that.” Ryan Morrison, Cardax’s Founder & CEO.

Close partnerships

Apart from the partnership with Mlabs, Cardax also works closely with the team of Duncan Coutts of Well-Typed. This Haskell veteran stood at the cradle of the Cardano blockchain. He and his team take care of the outlines of the project. This complete collaboration can only mean a great outcome for the DEX and its users. 

Cardax plans to launch in Q1 2022 so that people can soon start trading Cardano native tokens.

Learn more about Cardax en Mlabs.