Cardax - first Cardano's DEX might disurpt DeFi

Noruka

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Quote from: ilovealtcoins on April 27, 2021, 09:07:55 AM

I just heard recently ADA is testing its smart contracts on their chain. The launch of a DEX (AMM) on the ADA chain is inevitable as the development of DEFI is steadily increasing.
ADA is behind other blockchains so it will be difficult for them to attract users and compete with other DEFI projects.

Don't know but ADA is still well up in the list on coinmarketcap. It's not that they don't have the resources to compete with others. There problem right now is just the pace. They need to hurry up a lot.

ilovealtcoins

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I just heard recently ADA is testing its smart contracts on their chain. The launch of a DEX (AMM) on the ADA chain is inevitable as the development of DEFI is steadily increasing.
ADA is behind other blockchains so it will be difficult for them to attract users and compete with other DEFI projects.

Noruka

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BSC will make the race first and foremost with all the money they have and they are widely accepted throughout the whole industry, have also established a globally distributed corporate network. Whatever Cardano has going on, but I don't believe they can outcompete BSC with whatever DEX they have in the making.

Nivia1st

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Volare.network

wait ...
How many projects are using the Cardano network to date ?. I don't really know about this information. but what is certain is whether anyone will use this dex?. how do you think that DEX on the ADA network is as profitable as Uniswap or pancakeswap. I doubt that their project will be popular.

FairUser

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Again the post that exaggerates the ADA's abilities, I completely lost faith in what they said to what they were doing. And if this news is really successful for ADA in the near future, for me they will need more time to confirm what they say, but for me it is still a meaningless ecosystem in market.

crwth

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I see many people exciting ADA at the very least, and I think I want to convert some of my holdings to it. They predict that it could go high as $5, and if you say $10, I would be amazed. I'm not yet allocating to ADA, but I would be soon enough. It's another excellent alternative for ETH IIRC, and not mistaken about it. If it goes even more viral, I feel like $10 is going to be easy.

Teraboy

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Quote from: dogtana on April 26, 2021, 07:09:52 AM

I found this interesting article about first Cardano DEX and wondered what this might mean for Cardano. Honestly I thing this is HUGE. I see Cardano going to 10$ at least.

The tittle seems a buzzword only and why? so many times various DEX already used the words to disrupt DEFI but the fact that they are still exist on their own way.
How much bitcoin will worth if each of ADA coin worth around $10.
Im feeling that if the reality will be different with the tittle. This is only huge for ADA but it will mean nothing for another platform.
The platform like BSC and ethereum will also still dominate the market.

Twinkledoe

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Quote from: dihari on April 26, 2021, 08:26:37 AM

Nice. I have been waiting for cardano ecosystem to take over the dominance of ethereum for so long. I am not against ethereum, but I think it needs real competitors while I don't think binance is a real competitor for ethereum. Cardano is the real one imho.
But it still a long road, unfortunately, the number of ada-based tokens is not really significant to say it's huge. But whatever, I love to hear this news. At least cardano will have a bright future to compete.

With the development of this Cardax, I believe, there will be more ADA-based tokens that will be created in the future. Right now, we don't know much about ADA-based tokens. With this new progress, developers may be encourage to create tokens under this network. This will really be a good competition for ETH. But too early to tell about its dominance over ETH. Let us see first how many ADA-based tokens will be successfully deployed in the market.

FrozenBit

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Quote from: dogtana on April 26, 2021, 07:09:52 AM

I see Cardano going to 10$ at least.

I'm glad to see you think so. To be honest, this is just the beginning for ADA, and I don't believe in this bull run it could exceed $3. But no one knows the future, if there is faith, I think no matter how much it can be achieved, only we can wait until then.

TheBeardedBaby

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It's not only competing with ETH, you have the quickly developing BSC network and more and more tokens are born each day. Binance chain is gaining real momentum and it will be the head competitor to ETH. Ada is also growing but at a slower pace. Only the time will show which one will overtake ETH at the end, but those gas fees are ridiculous at the moment.

dihari

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Nice. I have been waiting for cardano ecosystem to take over the dominance of ethereum for so long. I am not against ethereum, but I think it needs real competitors while I don't think binance is a real competitor for ethereum. Cardano is the real one imho.
But it still a long road, unfortunately, the number of ada-based tokens is not really significant to say it's huge. But whatever, I love to hear this news. At least cardano will have a bright future to compete.

Wahyuihib

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Artemis

I have also read the articles that you share. and I think this is very interesting for the development of Cardano project itself. indeed DEX is very safe to use, because every transaction made by, assets will be entered into the user's personal wallet. but on the other hand, DEX requires a sizable fee for each transaction. we'll see what happens

dogtana

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I found this interesting article about first Cardano DEX and wondered what this might mean for Cardano. Honestly I thing this is HUGE. I see Cardano going to 10$ at least.

https://www.newsbtc.com/news/cardano/this-is-how-cardanos-first-dex-will-try-to-disrupt-defi/

Topic: Cardax - first Cardano's DEX might disurpt DeFi (Read 127 times)