AdaSwap is building a decentralized exchange (DEX) powered by an ultra-fast, gasless automated market maker (AMM). The platform will include staking and yield options as well as an NFT marketplace.
AdaSwap Platform
The AdaSwap platform represents more than just a DEX, however; it’s an ecosystem builder aimed at bringing users into Cardano, growing the Cardano ecosystem, and encouraging creators to innovate.
AdaSwap aims to be efficient and user-friendly, reducing and eliminating friction wherever possible. The platform is comprised of four main elements: The DEX, the Launchpad, the NFT marketplace, and the Stake & Forget program.
DEX
AdaSwap’s Financial Freedom Model sets their DEX apart by completely eliminating fees for swaps and participation in staking pools. DEXs in general represent a departure from the onerous fees imposed by middlemen in traditional finance, and this model takes it a step further for the benefit of individual users.
NFTs
AdaSwap is kicking off its NFT efforts with a homegrown NFT launch designed to promote the platform. Users will have the chance to win 1 of 10 copies of NFTs from the exclusive Graffiti series, a loving tribute to the storied Grafitti scene of Israel.
Following this, the AdaSwap NFT marketplace will open up to broad participation by creators and buyers. This marketplace is aimed at luxury NFTs backed by celebrities, influencers, and icons.
Stake & Forget
This program allows users to build a diverse portfolio and gain exposure to multiple pools with a single click.
Here, users gain exposure to yield from fixed, long-term liquidity pools. Additionally, stakers receive bonuses from the AdaSwap Launchpad, automatically creating rich, diverse portfolios.
Launchpad
The AdaSwap Launchpad is a protocol built for enabling projects to raise capital in a decentralized manner, without exposing users to the risk of rugpulls. The fees paid by participating projects are distributed to $ASW holders in the form of project tokens.
AdaSwap $ASW Token
$ASW is a Cardano Native Token (CNT) that automatically grants holders rights to access revenues and utilities produced on the AdaSwap Platform.
Stakers of $ASW are rewarded with:
- 0% fees for long-term stakers.
- Exclusive NFT Markeplace access.
- High APY rewards in the form of exclusive airdrops through the Stake & Forget program
About CardStarter
CardStarter is the first incubator, launchpad and insurance program for projects being built on the Cardano network. The CARDS platform is a unique and dynamic launchpad, connecting projects to early supporters and a network of key partners. The Cards Accelerator Program (CAP) team works with each project individually to establish the right connections and map marketing strategies, establishing the foundation for long-term success.
About AdaSwap
The third most popular project in the Cardano ecosystem, AdaSwap understands that community size and engagement are some of the most reliable metrics for a project’s success. They’re building fair, cheap, and accessible DeFi tools and are committed to a transparent, community-oriented approach.
📰 INFO
https://cardstarter.medium.com/cardstarter-launches-adaswap-f9344b5cce5
