press launch
PRESS RELEASE. Canada, Alberta – Cryptocurrency has turn into a scorching subject in recent times, capturing the eye of traders and merchants alike. Whereas it has confronted its fair proportion of controversies, it has additionally opened up new potentialities and remodeled 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 property; with the autumn of FTX, merchants have turn into extra conscious of whether or not their digital property 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 trade, DAMX, which has rapidly gained reputation available in the market.
What units DAMX aside from different exchanges is its concentrate on offering advantages to each traders and merchants. The trade helps low swap charges and zero-price impression trades, making it a beautiful choice for these seeking to reduce prices. Moreover, DAMX has a singular 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 trade, resulting in a extra lively 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 guess on the long run value of an asset with out truly shopping for it. This permits them to revenue from each upward and downward value actions, opening up new alternatives for buying and selling.
One other standout characteristic of DAMX is its staking program. Holding the DAMX token unlocks a variety of advantages, together with the flexibility to stake tokens and earn rewards. Customers that stake DAMX obtain three sorts of rewards: escrowed DAMX, multiplier factors, and FTM rewards. The trade 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 trade, resulting in a extra secure and lively market.
DAMX NFT Assortment
DAMX’s NFT assortment ”DAMX Robotic Membership” additionally performs an enormous function inside the ecosystem to learn the customers with further incentives to commerce inside the platform. All of the NFTs holders will likely be entitled to:
- Earn 10% of all DAMX Platform charges
- Airdropped 10% of incentives for customers’ fund
DAMX’s first selection: Fantom
DAMX is constructed on the Fantom blockchain, which gives a number of benefits over different blockchains. One of the vital vital benefits is its scalability. The Fantom community can deal with a big quantity of transactions per second, making it an excellent platform for buying and selling. Moreover, the community supplies excessive ranges of safety and decentralization, guaranteeing that transactions are secure and safe.
The trade’s underlying expertise is designed to take care of the options of a decentralized trade (DEX) whereas aggregating purpose-built value feeds to offer merchants with the mandatory instruments to scale back the danger 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 defend customers from pricing results and failed transactions, offering a greater person expertise for the neighborhood.
DMAX has rapidly emerged as a top-tier trade within the cryptocurrency business 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 traders alike. With dynamic pricing supported by Chainlink Oracles and an mixture of costs from main quantity exchanges, DAMX has cemented its place as a frontrunner on this 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:
Title: David Wan, CEO
Electronic 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 isn’t accountable, straight or not directly, for any harm or loss precipitated or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about within the press launch.
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