[Press Release – Schwarzenbach, Switzerland, June 26th, 2023]
Concordex, the primary devoted DEX constructed on the Concordium blockchain, has formally launched on the mainnet. The platform goals to carry institutional-grade DeFi buying and selling instruments to the Concordium ecosystem and not too long ago accomplished its testnet, with 867 customers opening 3,695 liquidity positions and finishing 15,212 transactions.
Concordex, which raised $1.7 million in seed funding from Tacans Labs, Skynet Buying and selling, Sear Capital, Amdax and Concordium Blockchain in December 2022, goals to carry a complete suite of TradFi and DeFi buying and selling instruments to market whereas leveraging the facility of Concordium Blockchain. . The platform provides a wide range of options reminiscent of common swapping, in addition to superior liquidity administration options, its liquidity pool provides concentrated liquidity and a number of charge ranges to maximise returns for traders.
“It’s a crucial a part of the Concordium ecosystem infrastructure that we now have fun with the launch of the primary DEX. With Concordex’s user-friendly and stylish design, in addition to formidable plans for continued added performance, I strongly imagine that this cutting-edge venture will outline the long run. It’ll play a task in making and setting the requirements for appropriate DeFi,” mentioned Lars Seer Christensen. , founding father of Concordium.
“We’re main the event of a regulation-friendly DeFi platform by constructing on Concordium, whereas unlocking the fitting liquidity and bringing a strong set of DeFi buying and selling instruments to the ecosystem. We got down to develop a platform that removes obstacles to entry within the institutional DeFi area,” mentioned Mathias Lundo Nielsen, Chief Govt Officer of Concordex Labs.
“We’re excited to unlock the potential of DeFi within the Concordium ecosystem, whereas being one of many first regulatory-ready DEXs available on the market. The Concordex workforce has been laborious at work growing the platform and we’re proud to launch a strong suite of buying and selling instruments that can allow our customers to commerce with ease whereas permitting liquidity suppliers to maximise their returns to the ecosystem,” mentioned James Davis, Chief Product at Concordex Labs. Officer.
Concordium is a permissionless, environmentally aware layer-1 blockchain ecosystem, with a singular embedded id verification layer that gives regulatory compliance whereas making certain privateness for its customers. It gives a safe method to entry the world of DeFi whereas remaining related to customers and enterprises world wide.
Concordex will use a regulatory-ready ecosystem to supply one of many first regulation-friendly DeFi platforms, a radical step within the evolution of DeFi, paving the way in which for widespread adoption of blockchain expertise world wide.
About Concordax
Concordex is a complicated institutional-grade liquidity administration DEX constructed on the Concordium blockchain. The venture was developed by DeFi enterprise studio Tacans Labs, with core workforce members together with award-winning entrepreneur Mathias Lundow and trade veterans James Davies, Ivan Ivashenko and Mary Tettibout. The platform goals to launch on the mainnet in Q3 2023.
For extra info, please go to: concordex.io
In regards to the Concordium
Concordium is a permissionless inexperienced Layer 1, science-backed blockchain that balances privateness with accountability by its ID layer and zero-knowledge proof. Constructing belief with ID is vital to scaling companies. Concordium gives a quick, safe and extremely scalable blockchain platform that simplifies constructing use instances and dApps. Concordium distinguishes itself by figuring out FIAT with verified ID and immediate finality with excessive throughput, and low transaction charges. With management from Fortune 500 corporations, Volvo, IKEA, Credit score Suisse, Uber and profitable fintech platforms, the workforce is scaling the chain throughout its in depth community of the world’s largest enterprises.
For extra info, please go to: concordium.com
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