ADAX is an automated liquidity protocol that facilitates trades within theCardano ecosystem in a completely decentralized and non-custodial way.ADAX has no order book — we eliminate all intermediaries, complexity, andcumbersome procedures from the equation, offering users untrammeledfreedom to trade without censorship or loss of control over their assets.Users can maintain full control of their tokens and are not required to giveup their private keys so that their orders can be logged as they are on acentralized exchange. In this way, decentralization is not just about userprivacy but also about eliminating the risk of asset loss in an improbableevent of exchange security being compromised.
The vision of ADAX is nothing less ambitious than becoming the UniSwap -a unicorn of the Cardano network. ADAX seeks to obviate the need forcentralized middlemen, paving the way for completely decentralized,censorship-resistant, and secure trading on the Cardano ecosystem. ADAXusers will be able to effortlessly execute smart contract-based tradesinstantly and only at a fraction of the cost of the Ethereum network.