AscendEX Lists Radix, a DeFi Protocol with Developer Incentives
This content is provided by a sponsor
Photo: AscendEX
AscendEX (formerly BitMax), a global cryptocurrency financial platform with a comprehensive product suite, is thrilled to announce the listing of the Radix tokens (EXRD and XRD) under the pairs USDT/XRD and USDT/EXRD on June 29 at 1 p.m. UTC.
Radix intends to remove the technology barriers limiting the expansion of DeFi by building a layer-1 protocol that directly addresses the technology needs of DeFi, both for today’s applications and the future of general financial services worldwide. The platform leverages a full-stack approach, re-engineering consensus, distributed virtual machines, executable on-ledger code, DeFi component building, DeFi application building, and developer incentives.
Radix is the first layer 1 protocol specifically built to serve the DeFi ecosystem. Radix aims to significantly improve the developer experience by reducing DeFi hacks, bugs, and exploits by restricting output states using an FSM runtime environment instead of Turing complete. It offers an on-ledger component catalog where developers can easily chain together DeFi “money legos” to create dApps. Radix features an on-ledger incentivization scheme whereby components generate royalties for developers based on usage.
Its goal is to make access to DeFi projects mainstream and as frictionless as possible by not being limited by scale – Radix scales linearly and indefinitely by adding more nodes. In addition, Radix aims to maintain atomic composability – transactions, when needed, settlement atomically across the global ledger. This is a vital feature for any DeFi ecosystem because key DeFi features, such as flash loans are impossible without it.
Some major upcoming milestones for Radix include its mainnet launch in July 2021, which will demonstrate the core foundation of the project. Additionally, Radix will launch radix engine V2 in December 2021, which will then enable developers to build safely on the Radix Ecosystem.
About AscendEX
AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.
AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.
To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit official website.
Radix intends to remove the technology barriers limiting the expansion of DeFi by building a layer-1 protocol that directly addresses the technology needs of DeFi, both for today’s applications and the future of general financial services worldwide. They leverage a full-stack approach, re-engineering consensus, distributed virtual machines, executable on-ledger code, DeFi component building, DeFi application building, and developer incentives.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
