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THORChain launches ASGARDEX decentralized exchange

Tony Zerucha

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Blockchain financial infrastructure THORChain is set to open ASGARDEX, the first of what they expect to be many decentralized exchanges floating on top of the THORChain protocol.

ASGARDEX is the first trial of THORChain’s exchange mechanisms. It will have permissionless access, on-chain incentivized liquidity, and cross-chain compatibility while all ‘floating’ on top of THORChain. ASGARDEX is designed to allow for traders to arbitrage the market and perform instant trades, while allowing token holders to stake liquidity on-chain and earn a return while doing so.

“THORChain is an infrastructure for creating lightning fast exchanges with a single, decentralized, highly liquid pool for trading and ASGARDEX is the first example of this technology,” advisor J.P. Thorbjornsen said. “We’re excited to be launching ASGARDEX and showing the world what our technology can accomplish. In addition, we have implemented a community voting program for listing new digital assets, which is directly in line with the community ownership directive of the THORChain foundation.”

During the initial few months of an operational ASGARDEX, the platform will be fee-free and have no trading limitations. Trades are expected to be complete in less than one second. The listing of digital assets on ASGARDEX will soon be open to the public via community voting

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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