NASDEX is a premiere decentralized cryptocurrency exchange that enables the trading of tokenized Asian stocks on the blockchain.
It announced the listing of its native NSDX token on the Binance Smart Chain-based (BSC) PancakeSwap decentralized exchange (DEX) on November 4, 2021.
NASDEX hopes to bring additional liquidity and eyes to its project by listing on the Binance Smart Chain and some of its most used decentralized exchanges. The token will go live on PancakeSwap at 2 pm UTC on the date of launch.
The Binance Smart Chain is the blockchain-based initiative of Binance, the world’s largest blockchain ecosystem, and exchange. PancakeSwap is the leading DEX on Binance Smart Chain, offering yield farming capabilities for different decentralized projects, as well as its own CAKE governance token.
By listing on PancakeSwap, NSDX will be compatible with all tokens listed on the DEX. Furthermore, as the Binance Smart Chain network supports its own token standard, BEP-20, this listing also means NSDX will be available and compatible on yet another blockchain network.
This token listing is one of many upcoming developments in the blossoming NASDEX’s ecosystem. The project plans to list multiple decentralized protocols to bring additional awareness to the NSDX token, such as Uniswap.
The MVP of NASDEX decentralized application (dApp) will officially launch in Q4 of 2021 and will begin by offering users the ability to trade the top 20 tokenized Asian stocks.
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 cryptocurrency 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 a cryptocurrency with permissionless, decentralized, 24/7 trading, farming, and staking. For more information, visit the website.
PancakeSwap is a decentralized exchange on the Binance Smart Chain network and is one of the biggest dApps within the ecosystem. PancakeSwap facilitates the peer-to-peer trading of BSC-based cryptocurrencies for its users, as well as allows yield farming opportunities for users to generate additional returns on their cryptocurrency holdings.
About Binance Smart Chain
Binance Smart Chain (BSC) is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability.
Designed for lightning transaction speeds and low transaction fees while adding Smart Contracts functionality for dApps – BSC tops in infrastructure performance as the biggest DeFi blockchain with 100M+ users. For more information on Binance Smart Chain, visit the website.
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