What Is Kaddex (KDX)? Complete Guide & Review About Kaddex

What Is Kaddex (KDX)?

Kaddex is the first truly scalable, gas-free, proof-of-work secure DEX, all while being accessible and user-friendly. They exists to deliver the true vision of decentralized finance by creating end-to-end financial tools that are user focused, accessible to all, scalable, sustainable and decentralized.

This means accessibility in cost and simplicity, tools that are deeply integrated, decentralization of everything from the website and swap platform, to the establishing of the DAO, to creating sustainable liquidity mining and staking programs. Achieving this vision goes well beyond Kaddex as a gas-free DEX and is about positioning Kadena to be the center of DeFi adoption.

Why Kaddex?

Kaddex’s innovation is defined by the juxtaposition of the current state of DeFi; by the costs and trade-offs accepted by its users. To understand the depth of what Kaddex achieves, they must first understand the shortcomings of the current DeFi ecosystem.

Zero Gas Forever

Gas will always remain free as Kadena blockchain scales horizontally. As the demand for block-space goes up, Kadena can increase the number of chains infinitely.

LIQUIDITY MINING

LPs will have two options:
1) Claiming 0.25% of the swapping fees in the pool native tokens.
2) Claiming the rewards in KDX tokens with a programmatic booster.

FASTEST SETTLEMENTS

Given Kadena’s endless scalability, Network Congestion will never be an issue. Together with gas-free transaction, it will ensure fast and secure settlments.

DAO POWERED

The Kaddex DAO will play a large role in Kaddex operations, controlling the parameters for individual pools. The DAO will have a strong focus on ecosystem development, working towards Kadena’s blockchain overall growth.

DECENTRALIZED INFRASTRUCTURE

Everything from liquidity and provision to pricing and swapping is done entirely on chain. This requires no intervention from off-chain oracles. It is fully autonomous with no control by central on-chain authorities.

MULTI-PROTOCOL

Kaddex will be the only multi-protocol DEX with native decentralised bridges, leading to a future where users won’t have to even think about different networks, but just access value through Kaddex single platform.

STAKING

KDX Stakers will earn 0.05% on all swaps taking place on Kaddex. This will give holders a simple way to earn passive income while still participating in the governance.

X-Wallet

Powered by Kaddex, X-Wallet is the #1 crypto wallet for the Kadena ecosystem of tokens, NFTs, and DeFi.

After gaining more than 15 thousand monthly active users in just 7 months after launch, X-Wallet is the leading and fastest growing crypto wallet of the Kadena ecosystem.

X-Wallet is the crypto wallet that every Kadenian has always wanted to use — providing a user-experience that is safe, fun, and easy-to-use.

The functionality you know and love from the X-Wallet Web Extension is now available on the world’s most popular operating systems. To download the X-Wallet mobile wallet or Web Extension go to X-Wallet official website.

Tokenomics

0% VCS – Presence of large buyers goes against the basic principles of Decentralization.

5% TEAM – Team tokens will only account for 5% of the total KDX supply, on a 4 years vesting schedule.

10% BURNA large portion of the overall token supply has been burnt to increase the overall KDX scarcity.

20% COMMUNITY SALES – The token sales will finance Kaddex operations, while offering early access to KDX.

25% DAO TREASURY Pursuing a long term vision, allocated with 25% of tokens to ensure community led development of the Kaddex ecosystem.

40% LIQUIDITY MINING To ensure highly lucrative LP boosts, network rewards will receive the largest KDX tranche.