EMP Money and DEX Finance collaborate to launch a revolutionary bridgeless DEX on Layer One X.
Perth, Australia:
EMP Money and DEX Finance are collaborating to launch a decentralized exchange (DEX) on Layer One X. This DEX will operate without the need for bridges. It is set to launch in mid-2023 and will provide secure and reliable trades. It offers users a transparent and decentralized alternative to traditional financial intermediaries and centralized exchanges.
This DEX aims to disrupt what has not been possible before. Currently, many DEXs use centralized bridges to trade various cryptocurrencies. Layer One X (L1X) technology allows different blockchains to communicate without centralized parties. This provides decentralized interoperability, which is crucial for future development.
A multichain DEX that does not need bridges can be more capital efficient than Uniswap. It enables reduced fees, improved transaction speed, reduced slippage, and more liquidity. This groundbreaking DEX will provide easy navigation, low barriers to entry, and cater to traders of all skill levels.
The DEX will connect different blockchains to deliver a superior trading experience. For example, access to multi-chain interoperability, and access to cross-chain liquidity pools. This innovation gives users more options with lower fees and greater security.
User privacy and security are its top priority. Likewise, it will protect users' data and assets from malicious actors. The DEX can accommodate increasing numbers of users and trades without sacrificing performance. This will provide seamless and fast trading across different blockchain networks.
Through Layer One X, the DEX will be interoperable with a range of blockchains. These include Ethereum, Binance Smart Chain, Matic, Avax, Fantom, Arbitrum, Optimism, and Solana, with more to come. By eliminating bridges, it eliminates the risks associated with bridging transactions. These include slow and costly transactions, centralized control, and vulnerability to hacking.
The engineering layer of the L1X DEX allows DEFI projects to build on the DEX. They can leverage the interoperability of L1X and the liquidity of the DEX.
Layer One X is currently holding a private sale round, open now. Investors can support the launch of the DEX while investing in the Layer One X blockchain.
For more information on this groundbreaking collaboration, visit discord.gg/LayerOneX
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