There are a variety of bottlenecks in the traditional equities market, but with new and innovative platforms, these established markets are now being addressed with novel approaches that fundamentally threaten the conventional structure. This is the case with NASDEX, a premiere decentralized exchange (DEX) utilizing blockchain technology to enable users to trade tokenized Asian stocks, bridging the crypto and traditional equity markets. Built on the Polygon network and later on multichain, NASDEX has its own native token, NSDX, a utility token that incentivizes platform usage via liquidity mining on stock farms.
This premiere DEX is available worldwide and is the first platform to provide retail and institutional users the ability to mint, invest in, and trade tokenized Asian stocks. Aside from trading, NASDEX offers staking and farming features, giving users the ability to generate yield on top of previously yieldless and idle equities. Eventually, the platform will branch out to ETFs, additional asset classes, and derivatives.
The traditional equities market suffers from a few major pain points. For one, stock exchanges are generally limited geographically. Investors must follow strict know-your-customer (KYC) policies to open accounts and pay premium fees for stocks outside their jurisdiction. With NASDEX, all investors can mint and trade tokenized stocks without abiding by any KYC policies (or even creating an account in the first place).
Stock exchanges have poor crypto-tracking tools and struggle to transfer securities between on-chain and off-chain platforms. Regular exchanges also enforce trading hours, limiting traders from managing their portfolios 24/7. NASDEX offers tokenized stocks that can be traded on any crypto exchange at any time. Just like traditional exchange marketplaces, the platform offers traders long and short positions, among other features. Plus, liquidity is bolstered as more users invest in a stock, and it’s easy to swap tokenized stocks with other cryptocurrencies, a previously daunting task.
In the past, investors usually could not invest in fractional amounts of high-value stocks. Instead, they had to purchase the entirety of the stock outright, which could limit buying potential. However, this does not apply to next-generation DEXs, as tokenized stocks on NASDEX enable fractional investments, making them more accessible to retail investors across the globe.
Since anyone can tokenize any asset, NASDEX will continually offer an expanding set of ETFs, indices, and other derivatives as the platform matures. Investors will not be limited by a restricted amount of available assets, as they can switch between different tokenized stocks without needing to hold the entire underlying asset.
Minting a tokenized stock has never been easier. It simply requires investors to lock up a specific amount of collateral utilizing stablecoins or the platform’s native token, $NSDX, with completion finalized via the ‘factory’. Through this method, there is a token burning process in which the stock issuer must burn the initially issued amount to get their collateral back. Every burn transaction within the factory racks up a 1% fee, which is then sent to the NASDEX treasury and NASDEX stakers to reward the community.
As a tokenized stock goes up in value, minters will need to increase collateral to prevent liquidation. Conversely, minters can withdraw their collateral if a stock price drops. NASDEX features unique and native support for yield generation using tokenized stocks. This yield process is possible due to liquidity providers, who offer equal amounts of a tokenized stock and the $USDC stablecoin to form liquidity pools. As a result, liquidity providers earn rewards based on their liquidity pool contributions.
NASDEX is already listed on Gate.io and QuickSwap, with a max token supply of 100,000,000 NSDX. It is noteworthy that 40% of the total allocation is allocated to stock farm liquidity mining, which is a catalyst for DeFi summer.
The total tokens are distributed as follows:
Seed: 0.8% — 25% on TGE, 6 months cliff, linear for 10 months
Strategic: 5.5% — 25% on TGE, 6 months cliff, linear for 10 months
Public Sale: 0.5% — 100% released within 1 month
Core Team & Advisors: 20% – 12 months cliff, linear for 36 months
Liquidity Mining: 40%
Multi-sig Treasury: 3.8%
CeX & AMM Liquidity: 4.2%
Marketing & Advisory: 8%
Tech Development: 2%
Ops & Misc Cost: 6%
Ecosystem Fund: 9.2%
While the traditional equities market is relatively stagnant, NASDEX aims to be the next step in stock trading. With the ability to tokenize anything, yield generation, fractional investments, and so much more, NASDEX is set to become the quintessential DEX of the future.
About NASDEX
NASDEX is the premiere decentralized exchange enabling the trading of tokenized Asian stocks on-chain. It is designed to serve as a bridge between the crypto and equity worlds. Its core benefits include the ability for permissionless and borderless stock investing, along with staking and farming features to generate substantial yields on-top of yield-less equities. Its product offering is primarily focused on never-before-seen tokenized Asian stocks initially, but will expand to ETFs, indices, additional asset classes and derivatives as well. NASDEX has created a user-friendly platform where investors can buy and sell tokenized equity as easily as crypto with permissionless, decentralized, 24/7 trading, farming and staking. For more information, visit: www.nasdex.xyz
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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