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EVM-compatible Bitcoin Layer 1 blockchain, ZenChain, has entered into a strategic partnership with Apex Digital Exchange (ADEX), an upcoming cross-chain DEX in the DeFi ecosystem that will focus on delivering a seamless and secure trading experience. The partnership was announced through a medium blog post, which noted that ZenChain and ADEX are coming together to provide more innovative solutions to improve the cross-chain trading experience. The two platforms intend to achieve this goal by offering DeFi users an integrated ecosystem where they can easily and securely swap multiple digital assets across different blockchain networks.
The First DEX on ZenChain Following this partnership, ADEX will debut as the pioneer DEX on ZenChain, bringing its advanced cross-chain technology that will support seamless asset swaps between several blockchain networks, including Bitcoin, Ethereum, and other major blockchains. The integration of ADEX with ZenChain’s ecosystem will play a key role in enabling traders to enjoy fast and secure DeFi operations, all without the need of a third-party. Zenchain’s native support for Bitcoin’s ecosystem will also be crucial in ensuring direct BTC trading, which will be fundamental in preserving the integrity of the original asset.
The partnership is expected to boost ZenChain’s liquidity and trading volumes significantly and create more opportunities for the developers in this network to tap into ADEX’s cross-chain solutions. This will create room for more DeFi innovation, not only focused on cross-chain solutions but other DApp-oriented projects as well. ADEX will initially support cross-chain swaps between multiple blockchains, with native Bitcoin trading as a key feature.
The team is also considering to expand its horizon to include more innovative DeFi solutions tailored towards cross-border settlements, on/off ramps, and gold-backed stablecoins. As for the on-chain operations, ZenChain’s native token $ZCX will be used as the payment asset for broader transactional activities such as gas fees and staking on Zenchain. It will function alongside ADEX’s native token $ADEX which will play a fundamental role in the ADEX revenue-sharing model.
90% of the trading fees collected on the ADEX decentralized trading platform will be distributed to $ADEX token holders. Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.
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