OccamX Cardano DEX to Arrive in Q1 2022 Through Collaboration with Milkomeda
ZUG, Dec. 16, 2021 — In collaboration with Milkomeda, a layer-2 Protocol for delivering Ethereum Virtual Machine (EVM) capabilities to non-EVM blockchains, OccamX will launch the first public version of it’s Cardano decentralized exchange (DEX) in Q1 2022.
Developed by dcSpark — critical infrastructure providers for the Cardano and Solana ecosystems and founded by ex-EMURGO members — Milkomeda introduces wrapped smart contracts through their M1 sidechain, which utilizes wrapped ADA as a base asset for fees and gas costs.
OccamX is an upcoming high-throughput DEX tailor made for Cardano native tokens, and developed by the same team behind the OccamRazer decentralized Cardano launchpad. Backed by both IOHK through the cFund and EMURGO, OccamX promises to unleash vast liquidity for existing CNTs, and those that launch through IDOs on OccamRazer.
Utilizing Milkomeda will enable OccamX to launch with full capacity much sooner than could have been realized on the Cardano mainnet alone. This is essential to provide deep liquidity to the vast array of Cardano Native Tokens (CNTs) waiting for trading opportunities.
Max Mironov, Product Lead at OccamX, says:
“Collaborating with Milkomeda will allow us to take OccamX to market much faster, and scale much quicker. We are eager to explore opportunities which will enable us to welcome users to OccamX as soon as possible, and begin rolling out utility for our $OCX native DEX token. We’re also looking forward to the blockchain interoperability benefits that Milkomeda will offer.”
OccamX is powered by the $OCX token, used for providing liquidity, trading fee reductions, and more. Users can take advantage of $OCX distribution by staking $ADA to the pOCC stake pool, staking $OCC, holding $OCC-ADA, or staking liquidity tokens for $OCC’s UniSwap pool. Users can track their $OCX distribution through the $OCX dashboard.
Follow Milkomeda’s social media channels to stay up to date with the latest news:
- Website — https://dcspark.gitbook.io/milkomeda
- Twitter — https://twitter.com/Milkomeda_com
- dcSpark — https://twitter.com/dcspark_io
Follow OccamX’s social media channels to stay up to date with the latest news: