IDO AdaSwap Launches On Cardstarter

The first decentralized exchange on the Cardano network, AdaSwap is launching a token sale on Cardstarter.

In fact, AdaSwap is pooling 80 million ASW tokens, each selling for $0.005. This will come in at the projected amount of $400,000. Furthermore, this pool is just a donation. Another 50% will go to TGE and another 50% in a month.

Those who want to participate in the sale should visit the AdaSwap website for more details.

Above all, this fundraising is aimed at helping AdaSwap realize its vision of creating the first DEX on Cardano. Currently, Cardano’s native token, ADA, is ranked 7th in terms of market capitalization. This is notable as the platform does not yet have its own DEX or DeFi ecosystem. It also means that users rely on centralized exchanges to buy, sell, and exchange tokens.

As such, AdaSwap is working to remove this barrier by introducing its own DEX and gambling into the Cardano network. This DEX will allow users to easily exchange Cardano-based tokens. In addition, AdaSwap will also provide its own NFT market and long-term fixed high-yield liquidity pools.

With these new apps, AdaSwap users can start storing tokens, buy and sell NFT artwork, and earn a high rate of return on their investment. Overall, the project aims to improve the financial system by focusing on users, not just locking in higher liquidity.

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