The OccamX DEX uses an Automated Market Maker, AMM, protocol and exists on the Milkomeda sidechain, enabling users to swap between tokens that exist on Ethereum, Cardano, and other chains. Users can provide liquidity to the DEX and receive liquidity tokens, that represent their liquidity deposit, in return. The improvements come amid the successful rollout of Alonzo Purple, ahead of the full release of the Alonzo hard fork and the arrival of smart contracts for Cardano in September. The solution uses an intra-block slot auction system to process multiple transactions simultaneously, which is essential for a fully functional and high-volume DEX. This solution and OccamX’s other technology innovations are poised to make it the most truly decentralized DEX for Cardano.
- After the mainnet launch, users can expect a major liquidity mining campaign to start.
- Like any DEX, due to price volatility, the final price of a swap is unpredictable.
- We have recently announced that the OCC-BNB pair is available to be traded on PancakeSwap.
We’ll also explore pool mechanics, order submission, order execution, decentralization & concurrency, and OCX distribution information. We would just like to take a moment here to thank our community for their clear passion for our project and its success! 3 Wall Street analysts have issued «buy,» «hold,» and «sell» ratings for OncoCyte in the last year.
The time has come
We encourage everyone to try out OccamX on the testnet and provide feedback to our team. Make sure to follow us, as we will soon be announcing a bug bounty campaign — a separate article on this is coming up. https://cryptolisting.org/blog/is-dogecoin-price-investing-in-since-the-price-is-so-low-for-cryptocurrency The DEX will be in continuous improvement following the upcoming mainnet launch with Nomad. Milkomeda is a layer-2 Protocol for delivering Ethereum Virtual Machine (EVM) capabilities to non-EVM blockchains.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
- This is essential to provide deep liquidity to the array of Cardano Native Tokens (CNTs) and tokens from EVM-based chains waiting for trading opportunities.
- We will be announcing the details of the campaign and its incentives soon!
- Therefore OccamX will allow users to set the slippage of a transaction.
Listed here are Cardano DEX projects that are based on both the automated market maker (AMM) and the traditional order book style of exchange. Both types of DEX on Cardano, like any other exchange, require a good amount of liquidity to operate effectively. This leads many to say that the best Cardano DEX is the one with the most liquidity. However, there are many other factors that the users of these DEXes would tell you to take into account before deciding which is the best Cardano DEX, and which one you should interact with (although a high amount of liquidity is a good indicator for users). 20% of the OCX will be distributed to the Occam team with a vesting period of 24 months.
Markets
You can take a look at the OCX dashboard, which shows the current amount of OCX allocated across all ADA delegators, the total amount of ADA delegated to the pool, the OCX remaining to be allocated, the total number of delegators, and more. He added that the world’s biggest crypto by market cap had also experienced sharp rallies leading up to halving events. Please note that this analysis is not intended as investment advice, and actual market performance may vary. Investors are urged to conduct their own research and seek professional financial advice before making any investment decisions.
About MarketBeat
OCX tokenomics and benefits are quite simple and it functions like many other DEX tokens. The higher a user’s OCX holdings, the lower the fees for takers and the larger the rebates for liquidity providers. Similarly, the higher one’s OCX holdings, the larger the maximum amount that can be spent on gaining execution priority for one’s DEX orders.
What is Bitcoin?
One last thing we would like to make sure is understood before proceeding, is that the further delay we propose below will not be wasted. Not only will we be implementing $OCX Staking, but we shall also be providing several articles such as a brand new technical roadmap (which is incredible by the way), an updated business model, and at least one other which we’ll discuss in more detail soon. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
Together with Nomad, OccamX will become a hub for providing cross-chain liquidity. Thus, the Milkomeda mainnet will benefit from access to a variety of Ethereum and other EVM network assets, while as a result of the Milkomeda bridge, Cardano Native Tokens (CNTs) and ADA will be available. While the testnet is ready to be used, OccamX’s launch on the mainnet is not far behind. We are in the process of a joint mainnet release with our new partners, Nomad Bridge. Nomad is a cross-chain communication standard that enables cheap and secure transfers of tokens and data between chains.
We are working closely with their team to fix the issues, but in the meantime, a range of other wallets are available for your use. Explore all projects building on Cardano or scan through the most prominent Cardano community members. We advise you to ‘do your own research’ before interacting with this project. This notification is shown based on claims by community members contacting Cardano Cube.
Crypto Moose
Non-custodial blockchain bridges, utilizing code and smart contracts to secure assets instead of a middleman, are championed as being more aligned with the ethos of decentralization. Vesting will take place linearly and distributions will occur continuously and linearly with 12-months total vesting. OccamX is powered by the $OCX token, used for governance, rewarding liquidity providers, token burning events and more.
OccamX DEX Liquidity providers
All order slots must enter the execution transaction, which is validated on-chain even if slots are empty — ensuring there is no chance of misbehaviour on the OccamX back-end. Today, we unveiled the first OccamX DEX demo — complete with a working and provable solution for the UTXO Cardano concurrency challenge. We hope that this article can bring at least some clarity, and that the reasoning behind the decision to delay the release beyond the planned date is fully understood as the incredibly difficult choice it was. Not having a concrete date for you all is disappointing, but we truly believe that the trade off is worth the price and that this choice represents the greatest value for the community. With all of this in mind, we present the final details of the distribution of the $OCX token. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.