Logo
Cardano Ecosystem

BitcoinEthereumNews

11/17/2021

·

943 views


DOEX Set To Become First Cardano Blockchain-Based DEX ⋆ ZyCrypto

The post DOEX Set To Become First Cardano Blockchain-Based DEX ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp AMM-based decentralized exchange DOEX has announced that it is set to actualize its longtime goal of becoming the first Cardano blockchain-based...

DOEX Set To Become First Cardano Blockchain-Based DEX ⋆ ZyCrypto

DOEX Set To Become First Cardano Blockchain-Based DEX

AMM-based decentralized exchange DOEX has announced that it is set to actualize its longtime goal of becoming the first Cardano blockchain-based DEX.

In a bid to achieve its stated goals, the team behind DOEX revealed they are making necessary moves and deploying necessary infrastructures to develop the platform in preparation to become the first Cardano Blockchain-based DEX.

DOEX highlighted this as its vision saying;

“Our vision is to become the first Cardano-based DEX, ensuring interoperability across chains and allowing for the seamless swap of tokens both on the Cardano blockchain and other ones like Ethereum via a fool-proof bridge or converter. This is part of our extended vision of laying a solid background for extended business and expansion opportunities. Our long-term objective is to be the one-stop shop for DeFi services on the Cardano blockchain, including but not limited to, staking and asset management.”

Despite Cardano’s highly ranked status in the blockchain industry as a top-performing blockchain network, the platform is still yet to have a running native Decentralized Exchange (DEX) as commonly found in other blockchain networks.

Hence, the Cardano network has been lagging behind in this regard as it is considered to be far behind the top three blockchains when it comes to DEX daily wallet activity. It appears that its superior technology, pent-up demand, and visionary leadership are not enough to make it rival other networks with efficient DEX performances.

Fortunately, DOEX’s efforts to become the native decentralized exchange of the Cardano network will put an end to these lapses.

DOEX DEX to Launch in Late 2021

The new development will see DOEX becoming the decentralized exchange on Cardano tagging it as DOEX DEX.

Per the announcement, the DOEX DEX is scheduled to launch by the end of the year but there is no definite date for the launch yet.

Source: https://zycrypto.com/doex-set-to-become-first-cardano-blockchain-based-dex/


YouTube video

Post navigation

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/blockcha...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.7K views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)