In a recent development, Cardano’s decentralized exchange (DEX), minswap, has taken a significant step towards growing its ecosystem. In a move that highlights its efforts for expansion, the company has applied for a token listing on the world’s largest exchange, Binance. This recent move aims to revive the ecosystem and provide exposure and liquidity.
minswap is a decentralized exchange (DEX) that allows permissionless swapping of token pairs. A fee is charged for each swap, which goes to the Liquidity Providers (LPs). Anyone can also provide liquidity, making the profits decentralized. Minswap is a community-centered DEX, where tokens are distributed fairly without any private investment or VC.
As reported by the leader of Cardano DEX Minswap, the company has applied for the Binance Listing program. In their official account on the X platform, the DEX stated: “Binance Listing Application Submitted as part of their Project Applicants program! What’s next for $MIN CEX Listing?”.
Minswap has pioneered various ideas in the Cardano ecosystem, such as the FISO model, which is considered the fairest ISO model in the Cardano community. They plan to continue developing value-adding features once they release the DEX. This will benefit both the Minswap and Cardano communities.
SingularityNET and Minswap have announced a strategic partnership, bringing together AI-powered DeFi innovation on Cardano. SingularityNET, an artificial intelligence-focused platform, and Minswap Labs, a decentralized exchange on the Cardano blockchain, aim to integrate AI solutions into Minswap’s decentralized finance (DeFi) sector. This partnership will expand 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 goes beyond operational improvements and includes the expansion of SingularityNET’s native token functionalities within the Cardano ecosystem.
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