One of Cardano’s Dexs will easily make 50x to 100x from its initial price, and I don’t know about you, but I would love to be a part of that ride.
Cardano Ecosystem Growing
Alonzo has officially done the update. With this update, smart contract capabilities are coming to Cardano.
Developers can now launch a host of new projects and applications on the network, such as decentralized finance (defi) platforms, non-fungible tokens (nfts), and stablecoins.
It means that Cardano ecosystem is growing. Not like before. Growth is faster. There will be thousands of dapps, dexs, oracles, wallets.
We have venture projects. All sorts of venture projects like Occam, like cardstarter, build even more exciting projects on Cardano.
We have oracles like Ergo. They are doing amazing things to get off-chain data up to Cardano and into smart contracts and making those smart contracts even smarter.
We have stablecoins being built and so much more. In my opinion, it has not been a better time to be a part of the Cardano community. Because things are now happening, it’s no longer hopeful like maybe cool things will happen one day no they’re happening things are being built, and they’re being used.
So even if we’re not at an absolute peak in price, if we zoom out a little bit, we really cannot complain about where we’re sitting right now.
SundaeSwap is the first decentralized (dex) exchange built on the Cardano blockchain. SundaeSwap aims to be the uniswap of the Cardano network and will implement the same fixed product pool amm algorithm.
The project allows investors to provide liquidity and users to perform swap transactions. Users who can trade with low commissions make money for investors who provide liquidity.
This week, SundaeSwap executive PI Lanningham did a live broadcast with a crypto capital venture. The project details were mentioned in this publication, and the screens were shared over the testnet for the first time.
The project, which plans to launch in October, will launch Sundae tokens. According to many people, Sundae will make serious pricing. However, getting this token is not that easy.
First, you have to join the ISO or earn it by providing liquidity to the platform.
They have not launched their dexs yet. İ remember hearing that they were aiming to have it launched when smart contracts launched, but we didn’t know for certain.
And if we look at their most recent tech update, there are not any specific dates. So I’m not sure when they’re going to launch their dex so you can use it and mess around with it.
Or when they’re going to do their ISO. And though for those who aren’t familiar with an ISO, this is an initial stake offering. This is a newer concept for funding a project with very little risk. You don’t have to worry about a rug pull or just losing all your money.
Because how it works is you’d be able to get some of their Sundae tokens simply by staking your ada into their stake pool once it opens. And this will last for 25 days upon launch once they start doing it. Read More…