Everything you need to know

The Asian stock market is one of the largest in the world, creating billions of dollars in wealth for those who understand how the system works. Users no longer need to trust a third party or be blocked due to jurisdiction, because in the end there is a universal solution for everyone’s needs. Nasdaq IndexIt is the premier decentralized cryptocurrency exchange for trading tokenized Asian stocks and has its own local governance token NSDX. The token now exists in various ecosystems. In this article, we will detail all the information you need to know about buying and holding NSDX.

What is NASDEX and what problems does it solve?

As mentioned earlier, NASDEX is a decentralized exchange (DEX) that tokenizes Asian assets. By providing collateral, users can mint a tokenized version of their favorite Asian stock for others to invest in. Once minted, users can provide liquidity and trade stocks with others from all over the world.

Tokenized stocks also provide users with additional profit opportunities, such as farming and betting that are not available in the traditional stock market. Users can also invest in some tokenized stocks and assets, making it easier for those who cannot buy all of the stocks to obtain stocks. Lowering this barrier to entry should make the entire market more fluid.

The traditional stock market is affected by high fees and geographic, technological, and economic barriers. Users all over the world (and sometimes even in Asia) are struggling to buy Asian stocks outside their home countries and must comply with various Know Your Customer (KYC) policies that require the disclosure of personal information.

NASDEX provides users around the world with a permission-free way to invest in Asian stocks. It provides a convenient way to participate in stock investment and provides additional profit opportunities for all users.

In fact, something like NASDEX has never been really introduced before. The platform may cover millions of users in Asian countries, and the total liquidity of the entire NASDEX ecosystem may reach trillions of dollars.

However, it is not easy to mark existing off-chain information. This process requires oracles or off-chain entities to extract information from off-chain sources to reflect on-chain data. Assisting NASDEX in the tokenization process is top projects such as Chainlink and Band Protocol.

Chainlink and Band are both proven oracle platforms that can assist in the pricing of synthetic assets on the chain. Thanks to these integrations, NASDEX can provide real-time price updates and seamless trading of all minted stocks. In this way, users will have no problem marking their favorite Asian stocks and generate liquidity without the need for intermediaries.

Before NASDEX, users would have difficulty investing in Asian stocks, paying high fees, suffering regional barriers, and thus giving up their identity. Now anyone can access these stocks and profit from them in new ways.

NSDX token

NSDX is the lifeblood of the NASDEX platform and ecosystem. Token holders will earn profits every time they mint or destroy assets, making it an ideal asset for platform users to buy and hold. Most importantly, NSDX doubles as a governance token, and token holders have a say in future ecosystem changes and upgrades. The more NSDX users hold, the greater the weight of their opinions, making it an open and democratic system that everyone can participate in.

Recently, NASDEX also launched NSDX Staking, which allows token holders to earn annual interest from their pledged assets. In doing so, NASDEX provides another utility for its token holders.

NSDX is listed on multiple decentralized exchanges on three blockchain networks: Binance Smart Chain, Ethereum, and Polygon. For example, you can find NSDX tokens on PancakeSwap or Uniswap, Gate.io and QuickSwap, and there are always more exchanges listed.

The total supply of NSDX is 100,000,000 tokens. 40% of these tokens will be used for liquidity mining, while 26% will remain in the hands of the core team and its developers. 6.756% of the tokens are used for the initial pre-sale of assets, which took place in early 2021.

NASDEX founders are paving the way for a robust roadmap

NASDEX was founded by Josh Du and Belinda Zhou. Du has 15 years of institutional investment portfolio management experience and has managed funds and teams worth more than 1 billion Australian dollars. Zhou has many years of experience in various blockchain-related public relations roles and knows how to build a dedicated community around any project from scratch.

NASDEX has been committed to listing its NSDX tokens on multiple decentralized exchanges, and internal testers aim to create the best user experience when DEX is released. NASDEX will be officially launched in the fourth quarter of 2021, and the top 20 Asian stocks can be traded on its decentralized market.

After the product is launched, NASDEX will work to develop the NASDEX ecosystem and implement its governance model. In addition, the team will continue to add new Asian stocks for users and continue to list its NSDX tokens on as many exchanges as possible. It also plans to list new products such as derivatives and indexes.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *