Press release
PRESS RELEASE. Canada, Alberta – Cryptocurrency has become a hot topic in recent years, capturing the attention of investors and traders alike. While it has faced its fair share of controversy, it has also opened up new possibilities and transformed the financial industry. With the rise of cryptocurrencies, there has been an increase in the number of exchanges that make it easy to buy and sell digital assets; With the fall of FTX, traders have become more aware of whether their digital assets are within their own key, increasing the popularity of decentralized exchanges. Among these exchanges is the emerging decentralized spot and perpetual trading exchange, DAMX, which has quickly gained popularity in the market.
What sets DAMX apart from other exchanges is its focus on bringing benefits to both investors and traders. The exchange supports low interchange fees and zero price impact transactions, making it an attractive option for those looking to minimize costs. Additionally, DAMX has a unique multi-asset pool that rewards liquidity provider fees for market making, trading fees, and leverage trading. This pool incentivizes users to contribute to the liquidity of the exchange, leading to a more active market and better trading opportunities.
Perpetual trading and participation in DAMX
One of the key features of DAMX is its perpetual futures trading. Perpetual contracts are a popular means of trading in the cryptocurrency market, and DAMX has made it available to traders on its platform. With perpetual contracts, traders can bet on the future price of an asset without actually buying it. This allows them to profit from both upward and downward price movements, opening up new trading opportunities.
Another outstanding feature of DAMX is its participation program. Holding the DAMX token unlocks a variety of benefits, including the ability to stake tokens and earn rewards. Users who wager DAMX receive three types of rewards: deposited DAMX, multiplier points, and FTM rewards. The exchange converts 30% of the fees generated by trades and leverage into FTM and distributes them into staked DAMX tokens. This program encourages users to hold onto their tokens and contribute to the liquidity of the exchange, leading to a more stable and active market.
DAMX NFT Collection
The DAMX NFT collection “DAMX Robot Club” also plays a very important role within the ecosystem to benefit users with additional incentives to trade within the platform. All NFT holders will be entitled to:
- Earn 10% of all DAMX platform fees
- Airdropped 10% user pool incentives
DAMX’s First Choice: Fantom
DAMX is based on the Fantom blockchain, which offers several advantages over other blockchains. One of the most significant advantages is its scalability. The Fantom network can handle a large volume of transactions per second, making it an ideal platform for trading. Additionally, the network provides high levels of security and decentralization, ensuring that transactions are secure.
The underlying technology of the exchange is designed to maintain the characteristics of a decentralized exchange (DEX) while adding purpose-built price sources to provide traders with the necessary tools to reduce the risk of liquidations. This approach takes advantage of the liquidity of various DEXs, minimizing slippage on large orders while optimizing exchange fees and token prices. Aggregators also protect users from price effects and failed transactions, providing a better user experience for the community.
DMAX has quickly become a top-tier exchange in the cryptocurrency industry with its continuous development and growing community. The platform’s focus on sustainability, low-cost fees, and security have made it a favorite among traders and investors alike. With dynamic pricing backed by Chainlink Oracles and price aggregation from major volume exchanges, DAMX has cemented its position as a leader in the world of cryptocurrency trading.
Caution: The DAMX token has not yet been released and the code audit is in progress.
Website:
Twitter:
Telegram:
Announcement channel:
Half:
Discord:
https://discord.com/invite/gWRfAVa6rw
GitHub:
https://github.com/orgs/dmxdao/repositories
Contact:
Name: David Wang, CEO
Email: [email protected]
URL: https://dmxdao.com
This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
image credits: Shutterstock, Pixabay, Wiki Commons
