First Asia-centric decentralised exchange, NASDEX, launched in India

    NEW DELHI: Starter, a leading initial decentralized exchange offering (IDO) launchpad, incubator and investor network has launched IDO of NASDEX in India. Starter aims to augment the decentralized exchange (DEX) platform in Asia.
    An IDO means launching cryptocurrency on a DEX. NASDEX is an Asia-centric independently owned and operated DEX that allows users to trade tokenized stocks on blockchain. NASDEX imitates the modus operandi of the stock exchange equity prices.
    According to NASDEX, it would serve as a bridge between the crypto world and equity markets and overcome the geographical constraints of traditional exchanges.
    NASDEX will be able to manage both user’s equity and crypto positions by simply linking the required wallets. NASDEX’s tokens will be listed for $0.025. It will facilitate tokenized trading in the following way:
    * Initially, NASDEX will focus on trading tokenized Asian equities worth $30 trillion market capital.
    * Token holders of NASDEX will be able to offer governance rights to community members.
    * On NASDEX, traders and investors can sell tokenized stocks, trade 24×7 and buy fractional shares of their favourite stocks.
    NASDEX will compensate traders for gas fees by rewarding users by way of liquidity rewards and minting.
    Josh Du, the Chief investment officer at NASDEX, was quoted as saying that crypto projects are spreading from the digital world to the real world with the corresponding expansion of total addressable market (TAM) and investment returns.
    In such a situation, DeFi and blockchain innovations can potentially add brand new features onto traditional asset classes.
    Decentralised exchange platforms are autonomous platforms that allow greater control over trading without the involvement of intermediaries or regulating authority.
    (For the latest crypto news and investment tips, follow our Cryptocurrency page and for live cryptocurrency price updates, click here.)

    Related articles



    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Atlantis Exchange Received 30,000,000 Advanced Bitcoin as Liquidity

    SEATTLE, WA, May 20, 2022 /24-7PressRelease/ — Atlantis Exchange is pleased to announce that a deposit of 30,000,000 Advanced Bitcoin (“aBTC”), a green cryptocurrency...

    These indicators show how the equities sell-off is influencing crypto prices to fall down

    Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins. This is the...

    Xendit Raises $300M to Grow Payments Platform

    Southeast Asia payments platform Xendit closed a $300 million Series D funding round that brings its total investment capital since 2015 to $538 million,...

    Top Cryptocurrency Prices Today, May 20: After crypto crash, Bitcoin, ETH, Solana, ADA, Polkadot, Matic rise upto 6%

    Top Cryptocurrencies of the World Prices Today in India (May 20, 2022): The global crypto market cap recovered 2.87% in the last 24 hours...

    Ethereum to Merge in August as Final Testing Begins

    The Merge is a milestone upgrade that transitions the Ethereum network consensus mechanism from proof-of-work mining to proof-of-stake (PoS). It is a significant step...


    Subscribe to stay updated.