press release {/netabare}
PRESS RELEASE Alberta, Canada– Cryptocurrencies have become a hot topic in recent years, attracting the attention of investors and traders. While sparking a lot of controversy, cryptocurrencies have opened up new possibilities and transformed the financial industry. The rise of cryptocurrencies has led to a surge in the number of exchanges facilitating the trading of digital assets; the collapse of the FTX has made traders more aware of whether their digital assets are in their locks, fueling the popularity of decentralized exchanges. Among these exchanges, DAMX, an emerging decentralized spot and perpetual exchange, is rapidly gaining popularity in the market.
What sets DAMX apart from other exchanges is its focus on providing benefits to both investors and traders. The exchange supports low swap fees and zero-price impact trades, making it an attractive option for those looking to minimize costs. In addition, DAMX has a unique multi-asset pool that rewards liquidity providers from market making, swap fees, and leveraged trades. This pool gives users an incentive to contribute to the liquidity of the exchange, leading to more active markets and better trading opportunities.
Permanent trading and staking on DAMX
One of the key features of DAMX is perpetual futures trading. Perpetual contracts are a popular trading instrument in the cryptocurrency market, and DAMX has made them accessible to traders on its platform. Perpetual contracts allow traders to bet on the future price of an asset without actually purchasing the asset. This allows traders to profit from both price rises and falls and opens up new opportunities for trading.
Another distinguishing feature of DAMX is the staking program: holding DAMX tokens unlocks a variety of benefits, including the ability to stake tokens and earn rewards. users who stake DAMX receive escrowed DAMX , multiplier points, and FTM rewards. The exchange converts 30% of the fees generated from swaps and leveraged transactions into FTM, which is distributed to staked DAMX tokens. This program encourages users to hold tokens and contribute to the liquidity of the exchange, leading to a more stable and active market.
DAMX NFT Collection”
DAMX’s NFT Collection “DAMX Robot Club” plays a major role in the ecosystem and benefits users by providing special incentives to trade within the platform. holders of NFTs All holders are entitled to:
DAMX’s first choice: Phantom”
DAMX is built on the Fantom blockchain, which has several advantages over other blockchains. One of the most significant advantages is its scalability: the Fantom network can process a large number of transactions per second, making it an ideal platform for trading. In addition, the network offers a high level of security and decentralization, ensuring the safety and security of transactions.
The underlying technology of the exchange is designed to maintain the characteristics of a decentralized exchange (DEX) while aggregating purpose-built price feeds and providing traders with the tools they need to mitigate clearing risks. This approach uses liquidity from multiple DEXs to optimize swap fees and token prices while minimizing slippage on large orders. The aggregator also protects users from pricing effects and trade failures, providing a better user experience for the community.
DMAX has quickly emerged as one of the leading exchanges in the cryptocurrency industry through continuous development and a growing community. The platform’s focus on sustainability, low-cost fees, and security has made it a favorite among traders and investors alike, and with dynamic pricing supported by Chainlink Oracles and price aggregation from leading volume exchanges, DAMX has firmly established as a leader in the world of cryptocurrency trading.
Please note: DAMX tokens have not yet been released and a code audit is underway.
Website:
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Discord:
https://discord.com/invite/gWRfAVa6rw
Github:
https://github.com/orgs/dmxdao/repositories 114}
Contact
Name: David Wan, CEO
Email [email protected]
URL for: https://dmxdao.com
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