- Launched on April 25
- More than 12,000 account holders within 24 hours.
- A round-one IDO sale of $0.1, round-two IDO sale of $0.5 and round-three IDO sale of $1
- A token audited by reputable firms
- More than 10,000 Telegram users
- Add CandyDex to the watch list.
After having just dropped, the new digital decentralized exchange (DEX) token CandyDex has already made its way into the crypto community. The price may jump more than 1,000% in the coming days.
Over the years, initial coin offerings, decentralized finance (DeFi), memecoins, nonfungible tokens and play-to-earn have all taken turns trending.
When it comes to the future of cryptocurrency, the future lies in decentralized apps. While the rage is usually about these cryptocurrencies’ market capitalizations and volatile prices, they are still software. Like any piece of software, their worth is determined by how useful they are. From that point of view, cryptocurrencies are competitors, just as Binance or Coinbase once were to KuCoin.
Now, cryptocurrencies are battling for the smart contract space: CandyDex, Uniswap (UNI) 1inch Network (1INCH) and PancakeSwap (CAKE).
Will CandyDex replace Uniswap or 1inch Network?
Despite its youth, it’s already rumored to trend and revolutionize the DeFi industry with the experimental CandyDex.
Could CandyDex (CANDYDEX) follow in the footsteps of Uniswap (UNI), PancakeSwap (Cake) and 1inch (1INCH) in generating massive profits?
What is 1inch Network?
The 1inch Network unites decentralized protocols that enable the most lucrative, fastest and protected operations in the DeFi space. Its first protocol is a DEX-aggregator solution that searches for multiple liquidity sources. The 1inch Liquidity Protocol is a next-generation automated market maker (AMM) that offers dynamic pricing, conditional orders, extra request-for-quote support and other various implementations.
What is PancakeSwap?
PancakeSwap is an AMM DeFi application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It’s a DEX for swapping BEP-20-protocol tokens on BNB Smart Chain. PancakeSwap uses an AMM model where users trade against a liquidity pool. These pools are filled by users that deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
What Is Uniswap?
Uniswap is a popular decentralized trading protocol known for its role in facilitating the automated trading of DeFi tokens. It has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. Uniswap aims to keep token trading automated and completely open to all tokenholders while improving trading efficiency versus the traditional exchange experience. It solves liquidity issues with automated solutions, avoiding the problems that plagued the first DEXs.
In September, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol.
What is CandyDex?
CANDYDEX is the governance token of CandyDex, a DEX on Etherscan, BNB Smart Chain, Polygon, Avalanche and Fantom. Trading the token allows tokenholders to participate in the governance of its finance protocol while exploring the DeFi space. CandyDex is a cryptocurrency deployed on Polygon. Unlike other DEXs, it allows tokenholders to buy tokens based on Ether (ETH), BNB, Polygon (Matic), Avalanche (Avax), Fantom (FTM) and Tether (USDT).
CandyDex is a DeFi platform for users to swap tokens and borrow BNB, Matic, Avax, FTM and ETH against favorite cryptocurrencies. The platform allows DeFi users to borrow and earn on assets. Its mission is to provide the most secure, trusted entry point for capital in DeFi. The team is composed of passionate thinkers and builders driven to create a better user experience for all while maximizing returns. For more information, visit candydex.finance.
CandyDex aggregates multiple DEXs into a single platform and allows traders to track thousands of tokens and synthetic assets. Its token contract was audited by Tech Audit, Audit Whale and others, with more audits from trusted entities such as Haze Crypto, Certik and Hacken in the queue for final reports.