DAMX: The Emerging Perpetual Exchange on Fantom

PRESS RELEASE. Canada, Alberta – Cryptocurrency has go a blistery taxable successful caller years, capturing the attraction of investors and traders alike. While it has faced its just stock of controversies, it has besides opened up caller possibilities and transformed the fiscal sector. With the emergence of cryptocurrency, determination has been a surge successful the fig of exchanges that facilitate the buying and selling of integer assets; with the autumn of FTX, traders person go much alert of whether their integer assets are wrong their ain key, boosting the popularity of decentralized exchanges. Among these exchanges is the emerging decentralized spot and perpetual trading exchange, DAMX, which has rapidly gained popularity successful the market.

What sets DAMX isolated from different exchanges is its absorption connected providing benefits to some investors and traders. The speech supports debased swap fees and zero-price interaction trades, making it an charismatic enactment for those looking to minimize costs. Additionally, DAMX has a unsocial multi-asset excavation that rewards liquidity providers fees from marketplace making, swap fees, and leverage trading. This excavation incentivizes users to lend to the liquidity of the exchange, starring to a much progressive marketplace and amended trading opportunities.

Perpetual Trading and Staking connected DAMX

One of the cardinal features of DAMX is its perpetual futures trading. Perpetual contracts are a fashionable means of trading successful the cryptocurrency market, and DAMX has made it accessible to traders connected its platform. With perpetual contracts, traders tin stake connected the aboriginal terms of an plus without really buying it. This allows them to nett from some upward and downward terms movements, opening up caller opportunities for trading.

Another standout diagnostic of DAMX is its staking program. Holding the DAMX token unlocks a scope of benefits, including the quality to involvement tokens and gain rewards. Users that involvement DAMX person 3 types of rewards: escrowed DAMX, multiplier points, and FTM rewards. The speech converts 30% of fees generated from swaps and leverage trading to FTM and distributes them to staked DAMX tokens. This programme encourages users to clasp onto their tokens and lend to the liquidity of the exchange, starring to a much unchangeable and progressive market.

DAMX NFT Collection

DAMX’s NFT postulation ”DAMX Robot Club” besides plays a immense relation wrong the ecosystem to payment the users with other incentives to commercialized wrong the platform. All the NFTs holders volition beryllium entitled to:

• Earn 10% of each DAMX Platform fees
• Airdropped 10% of incentives for users’ fund

DAMX’s archetypal choice: Fantom

DAMX is built connected the Fantom blockchain, which offers respective advantages implicit different blockchains. One of the astir important advantages is its scalability. The Fantom web tin grip a ample measurement of transactions per second, making it an perfect level for trading. Additionally, the web provides precocious levels of information and decentralization, ensuring that transactions are harmless and secure.

The exchange’s underlying exertion is designed to support the features of a decentralized speech (DEX) portion aggregating purpose-built terms feeds to supply traders with the indispensable tools to trim the hazard of liquidations. This attack harnesses liquidity from respective DEXs, minimizing slippage connected ample orders portion optimizing swap fees and token prices. The aggregators besides support users from pricing effects and failed transactions, providing a amended idiosyncratic acquisition for the community.

DMAX has rapidly emerged arsenic a top-tier speech successful the cryptocurrency manufacture with its continuous improvement and increasing community. The platform’s absorption connected sustainability, low-cost fees, and information has made it a favourite among traders and investors alike. With dynamic pricing supported by Chainlink Oracles and an aggregate of prices from starring measurement exchanges, DAMX has cemented its presumption arsenic a person successful the satellite of cryptocurrency trading.

Caution: DAMX token has not been released yet, and codification audit is successful progress.

Website:

https://dmxdao.com

Twitter:

https://twitter.com/DmxDao

Telegram:

https://t.me/DMX_Community

Announcement Channel:

https://t.me/DMX_Announcement

Medium:

https://medium.com/@DMXDAO

Discord:

https://discord.com/invite/gWRfAVa6rw

Github:

https://github.com/orgs/dmxdao/repositories

Contact:

Name: David Wan, CEO

Email: [email protected]

URL: https://dmxdao.com

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