Creating your own effective trading strategy is not easy, especially when it comes to novice traders who may not have a mathematical or economic education. However, it is possible. To do this, you need to know at least a few effective and simple crypto investment tools. They will be discussed in the article.
Cardax is a decentralized exchange that will run on the Extended Automated Market Maker (EAMM) protocol. It aims to provide liquidity to projects that issue native tokens on Cardano. Following the activation of the Mary hard fork on the Cardano mainnet, which brought native tokens and multi-asset support to Cardano, there was an increased need to develop their own exchange. In addition, with the upcoming rollout of the Goguen era, smart contracts will enable the development of decentralized applications on Cardano.
This is a huge leap forward that will open up interesting use cases for Cardano at the corporate level. Having your own Cardano exchange will solve some of the trading issues and gaps in the ecosystem.
Ardana is a stablecoin ecosystem consisting of a DEX, a liquidity pool, and an asset-backed stablecoin protocol built on Cardano. The Cardano blockchain operates using a Proof-of-Stake (PoS) consensus mechanism to discover new blocks and add transaction data to a protocol called Ouroboros.
Blockchain technology is undoubtedly an incredibly innovative technology, but the real breakthrough in its success is not limited to the technology itself, but to the great ideas that have further expanded its potential. With these great ideas, blockchain has become the backbone of new products and services such as cryptocurrencies, Defi, NFTs, and decentralized applications (decentralized applications), just to name a few.
It is expected that its application will continue to expand due to the great ideas that constantly open up its possibilities.
What is Daedalus Wallet?
Daedalus Wallet is the official open source desktop wallet for sending, receiving and storing Cardano (ADA) cryptocurrency. Available for Windows, Mac and Linux versions with full blockchain download (thick). In the near future, it is planned to add support for Bitcoin and Ethereum cryptocurrencies. It features a simple interface and ease of use.
What is ADAX?
ADAX is an automated liquidity protocol built on Cardano that works with the native ADAX token. The developers have chosen Cardano as the platform as it outperforms Ethereum with faster transactions and higher throughput.
ADAX is a key element in bringing DeFi to the Cardano ecosystem by providing all the necessary components. The protocol simplifies transactions in the ecosystem and allows users to buy tokens and exchange them in a decentralized manner.
ADAX does not have an order book, which means that token holders do not need to pay for intermediaries or other implemented procedures. Instead, users trade with each other directly. ADAX is free from censorship, providing freedom of trade and complete control over assets. With ADAX, only users have the right to control and use their tokens.
What is Ergodex?
ErgoDex is a decentralized exchange built to work with both Ergo and Cardano. Ilya joined Ergo as a core developer in 2018 and then started the ErgoDex project in 2021. Enjoy the interview and demo on how to use dex to swap and add liquidity to the pool, and get familiar with the user interface.
ErgoDex will be a monthly feature where we take time to take a deeper look at projects built (or under construction) on the Ergo platform. Stay tuned for more content like this!
What is Nami Wallet?
Nami is an open source browser extension wallet for the Cardano blockchain that is non-custodial. The application allows users to manage assets, delegation to interest groups, minting, multiple signatures, etc. After the Alonzo hard fork, it is planned to integrate support for smart contracts. It is designed by Berry.
The wallet app is currently available for Google Chrome, Brave and Edge browsers. Users can install and configure the application in their browser and access it.
Nami uses the concept of a single address, unlike Daedalus/Yoroi, which allows you to use multiple addresses for one wallet. Users can create additional accounts and access them individually. If the user wants to transfer funds from the Daedalus/Yoroi wallet, they need to send them to the main account.
What is MeowSwap?
MeowSwap is a crypto exchange for everyone.
- The service works not only with bitcoin, but also with Tether and Ethereum
- In some cases, this is the only way to buy bitcoins for the desired asset
- Allows you to buy bitcoins with a large number of payment methods
- The commission is only 1%, it is paid by the seller
- Service support team quickly responds to requests
MeowSwap is an online marketplace that allows users to directly buy and sell cryptocurrencies using over 350 payment methods. Currently, MeowSwap is used by more than 5 million people.