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HomeCOINSKaddex (KDX) Coin Guide & Detailed Review

Kaddex (KDX) Coin Guide & Detailed Review

REVIEW OVERVIEW

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About Kaddex

In this day and age, all Decentralised Exchanges (DEXes) suffer from the same lack of usability, driven by gas costs and vulnerability of protocols. In order to ensure a truly open marketplace which anyone can participate in – the ultimate Decentralised Finance (DeFi) promise – a solution must be created to lower financial barriers of entry and to reduce inefficiencies that are detrimental to traders. Kaddex achieves exactly this by building the first DEX built upon Kadena, the first truly scalable Proof-of-Work (PoW) layer-1 blockchain network and utilizing the same Automated Market Maker (AMM) model as Uniswap.

Through the power of Kadena’s braided chain framework, the possibility of Miner Extracted Value (MEV), frontrunning and gas auctions is all greatly reduced, ensuring faster and cheaper transactions in the process, while being settled by the globalized security that only PoW can provide. Kadena also offers the paradigm-changing ability to offload gas payments to a third party via gas stations. This enables Kaddex to deliver a gas-free liquidity pooling and trading experience while also allowing for novel approaches to liquidity provisioning and slippage controls.

Besides the technical advantages brought to DeFi, introduces its utility token – KDX – to establish true democracy and community ownership of ecosystem and to implement the first financially sustainable Liquidity Mining programme. This issue limits users that want to partake in trading and providing liquidity to those with financial or technical ability. This allows the community to steer the development of the platform, achieving a collective vision, while also incentivising participation in certain pairs, and therefore improving the overall users swapping experience.

Kaddex Basic Points Table

Coin BasicInformation
Coin NameKaddex
Short NameKDX
Circulating Supply202,848,603.21 KDX
Total Supply900,871,545
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Who Are The Founders of Kaddex

……………………………………………………………?

Problems

The problems currently plaguing today’s DEXes are, for the most part, not caused by any technology issues specific to the platforms themselves. The reason why people do not trade on them or do not lend them their liquidity lies in the high gas costs associated with doing so. At the time of this paper, an average Ethereum-based DEX user would find transaction fees unsustainable for small and medium size tickets. This makes it not practical for small trades and it creates limits on who can participate and make use of the decentralised finance promises.

Solution

Layer-1 blockchain protocol, Chainweb, functions as a braided blockchain data structure, progressed via a parallelized consensus mechanism; a unique architecture that enables infinite scalability while preserving the power of PoW security without sacrificing decentralisation. This framework minimizes the number of hops to get to the farthest chain (referred to as diameter) and the number of edges (the hashes that link the blocks from other chains – referred to as degree).

This minimizes the network overhead required to maintain a completely linked structure of chains. In 2021, Kadena successfully expanded from 10 to 20 chains. This 20-chain configuration (as shown below) has degree 3 and diameter 3. Therefore, a wait time of only 3 blocks is required after a transaction confirmation before the whole network’s hash power is securing it. After 3 blocks, coins are considered fully confirmed and can be transferred from one chain to any other chain.

Why Choose Kaddex?

The gas problem affects more than just performance and economics. Miner Extracted Value, frontrunning and gas auctions all take advantage of the underlying blockchain’s inability to properly scale in order to take advantage of users and their trades. This often results in massive amounts of gas being spent to eke out every bit of profit opportunity, failing users’ transactions in their wake. Users then worry more about the cost of their transactions failing than their want to trade.

Where Can You Buy Kaddex (KDX)?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Kaddex, As It Has The Highest KDA/KDX.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include KDA/KDX And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

Kaddex Market Screenshot

Kaddex Supported Wallet

Several Browser And Mobile App Based Wallets Support Kaddex. Here Is Example Of Wallet Which Support Kaddex – Trust Wallet For Hardware Ledger Nano.

Roadmap

Kaddex Roadmap

FAQ Of Kaddex

Where I Can Find Kaddex Whitepaper?

You Can Find Kaddex Whitepaper By Clicking Here.

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Kaddex.

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is 202,848,603.21 KDX.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .
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About Kaddex In this day and age, all Decentralised Exchanges (DEXes) suffer from the same lack of usability, driven by gas costs and vulnerability of protocols. In order to ensure a truly open marketplace which anyone can participate in – the ultimate Decentralised Finance (DeFi)...Kaddex (KDX) Coin Guide & Detailed Review