press launch
PRESS RELEASE. Canada, Alberta – Cryptocurrency has develop into a scorching matter lately, capturing the eye of buyers and merchants alike. Whereas it has confronted its justifiable share of controversies, it has additionally opened up new prospects and reworked the monetary sector. With the rise of cryptocurrency, there was a surge within the variety of exchanges that facilitate the shopping for and promoting of digital belongings; with the autumn of FTX, merchants have develop into extra conscious of whether or not their digital belongings are inside their very own key, boosting the recognition of decentralized exchanges. Amongst these exchanges is the rising decentralized spot and perpetual buying and selling alternate, DAMX, which has rapidly gained reputation out there.
What units DAMX aside from different exchanges is its concentrate on offering advantages to each buyers and merchants. The alternate helps low swap charges and zero-price influence trades, making it a beautiful possibility for these seeking to decrease prices. Moreover, DAMX has a novel multi-asset pool that rewards liquidity suppliers charges from market making, swap charges, and leverage buying and selling. This pool incentivizes customers to contribute to the liquidity of the alternate, resulting in a extra energetic market and higher buying and selling alternatives.
Perpetual Buying and selling and Staking on DAMX
One of many key options of DAMX is its perpetual futures buying and selling. Perpetual contracts are a preferred technique of buying and selling within the cryptocurrency market, and DAMX has made it accessible to merchants on its platform. With perpetual contracts, merchants can wager on the long run value of an asset with out truly shopping for it. This enables them to revenue from each upward and downward value actions, opening up new alternatives for buying and selling.
One other standout function of DAMX is its staking program. Holding the DAMX token unlocks a variety of advantages, together with the power to stake tokens and earn rewards. Customers that stake DAMX obtain three forms of rewards: escrowed DAMX, multiplier factors, and FTM rewards. The alternate converts 30% of charges generated from swaps and leverage buying and selling to FTM and distributes them to staked DAMX tokens. This program encourages customers to carry onto their tokens and contribute to the liquidity of the alternate, resulting in a extra secure and energetic market.
DAMX NFT Assortment
DAMX’s NFT assortment ”DAMX Robotic Membership” additionally performs an enormous function throughout the ecosystem to learn the customers with further incentives to commerce throughout the platform. All of the NFTs holders shall be entitled to:
- Earn 10% of all DAMX Platform charges
- Airdropped 10% of incentives for customers’ fund
DAMX’s first alternative: Fantom
DAMX is constructed on the Fantom blockchain, which gives a number of benefits over different blockchains. Probably the most important benefits is its scalability. The Fantom community can deal with a big quantity of transactions per second, making it a really perfect platform for buying and selling. Moreover, the community gives excessive ranges of safety and decentralization, guaranteeing that transactions are secure and safe.
The alternate’s underlying know-how is designed to keep up the options of a decentralized alternate (DEX) whereas aggregating purpose-built value feeds to offer merchants with the mandatory instruments to cut back the chance of liquidations. This method harnesses liquidity from a number of DEXs, minimizing slippage on giant orders whereas optimizing swap charges and token costs. The aggregators additionally shield customers from pricing results and failed transactions, offering a greater consumer expertise for the neighborhood.
DMAX has rapidly emerged as a top-tier alternate within the cryptocurrency trade with its steady growth and rising neighborhood. The platform’s concentrate on sustainability, low-cost charges, and safety has made it a favourite amongst merchants and buyers alike. With dynamic pricing supported by Chainlink Oracles and an combination of costs from main quantity exchanges, DAMX has cemented its place as a frontrunner on the planet of cryptocurrency buying and selling.
Warning: DAMX token has not been launched but, and code audit is in progress.
Web site:
Twitter:
Telegram:
Announcement Channel:
Medium:
Discord:
https://discord.com/invite/gWRfAVa6rw
Github:
https://github.com/orgs/dmxdao/repositories
Contact:
Identify: David Wan, CEO
E-mail: david@dmxdao.com
URL: https://dmxdao.com
It is a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or providers. Bitcoin.com is just not accountable, immediately or not directly, for any injury or loss precipitated or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about within the press launch.
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