In a recent development, Cardano (ADA) decentralized exchange (DEX), Minswap, has taken a significant step towards growing its ecosystem. In an action that highlights the effort for its rise, the company requested a token listing on the world’s largest exchange, Binance. The recent move aims to revive the ecosystem as well as provide exposure and liquidity.
Minswap is a decentralized exchange (DEX). The purpose of a DEX is to allow permissionless exchange of token pairs. For each swap, a fee is charged, which goes to the Liquidity Providers (LPs). Anyone can provide liquidity too; therefore, profits are decentralized. Minswap is a community-centric DEX where our tokens are distributed fairly without any private investment or VC.
As Cardano DEX leader Minswap reported, the company has signed up to the Binance Listing program. On its official account on platform X, DEX highlighted: “Binance Application Listing Submitted as Part of Project Applicant Program! What’s next for the $MIN CEX listing?” he wrote.
@binance Listing Application Submitted ✅ as part of their Project Applicants program!
✦ What’s next for $MIN CEX Listing?🤔
📅 Dates coming tomorrow, turn on🔔 pic.twitter.com/M2DKnaxoWe
— Minswap Labs (@MinswapDEX) May 26, 2024
Minswap has pioneered several ideas in the Cardano ecosystem, such as the FISO model, touted as the fairest ISO model in the Cardano community, and we plan to continue developing several value-adding features once we launch the DEX. This will benefit the Minswap community and the Cardano community as a whole.
In the current cryptocurrency scenario, a new collaboration stands out: SingularityNET, a platform focused on artificial intelligence, and Minswap Labs, a decentralized exchange on the Cardano blockchain, announced a strategic partnership. The main objective of this union is to integrate AI solutions into Minswap’s decentralized finance (DeFi) sector, thus expanding the functionalities and utility of SingularityNET’s AGIX token.
The partnership aims to enhance the user experience in DeFi through advanced AI technologies that can improve user interfaces, transactions and liquidity management. The collaboration is not just limited to operational improvements, but also includes expanding the functionalities of SingularityNET’s native token within the Cardano ecosystem.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/dex-minswap-de-cardano-buscando-listagem-na-binance-detalhes/
