NASDEX is humbled to announce that we have received a Developer Grant from Polygon for the development of version 1 of our DEX that will allow users to mint, trade and stake tokenized equity.
We are working hard to launch NASDEX in the near future which will feature a suite of tokenized Asian stocks never before existed on the Polygon chain. In fact, some of these unique tokenized stocks do not currently exist on any blockchain, hence we are excited to work with Polygon to provide this exclusive access to the Polygon Community first.
NASDEX will leverage Polygon’s powerful scaling solutions to enable the trading of tokenized equities with speed and cost efficiency. The Layer-2 technology will help improve the speed of trading and the cost of trading, which are the two main concerns for our community. In addition, NASDEX will also feature staking and farming, which will generate additional returns for the community.
The Polygon community will receive exclusive access to these tokenized stocks first before the expansion onto additional chains by NASDEX, with the ultimate goal to bridge the crypto world and the equity world by creating the premiere decentralized exchange for tokenized equity.
About NASDEX
NASDEX is the premiere decentralized exchange enabling the trading of Asian stocks on-chain. It is designed to serve as a bridge between the crypto world and the equity world. Its core benefits and differentiation includes stock yield enhancement through liquidity mining and special focus on Asian stocks. It’s product offering includes ETFs, indices, and additional asset classes and derivatives as well. A user friendly platform where investors could buy and sell tokenized equity as easily as crypto with 24/7 trading, fractionalized share buying, and yield farming.
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About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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