Investing in NASDEX (NSDX): Everything You Need to Know
November 22 2021 - 1:32AM
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The Asian stock market is one of the biggest in the world, creating
billions of dollars in wealth for those who understand how the
system operates. Users no longer need to trust third parties or get
blocked based on jurisdiction, as there is finally a
one-size-fits-all solution for everyone’s needs. NASDEX, the
premiere decentralized cryptocurrency exchange for trading
tokenized Asian stocks, has its own native governance token, NSDX.
The token is now live on various ecosystems. In this post, we’ll
detail everything you need to know about buying and holding NSDX.
What Is NASDEX and What Problems Does It Solve? As mentioned,
NASDEX is a decentralized exchange (DEX) for tokenized Asian
assets. By putting up collateral, users can mint a tokenized
version of their favorite Asian stocks for others to invest in.
Once minted, users can provide liquidity and trade the stock with
others from around the world. Tokenized stocks also provide
additional profit opportunities for users, such as farming and
staking, which aren’t available in the traditional equities market.
Users can also invest in fractional tokenized stocks and assets,
making stocks more accessible to those who cannot buy an entire
share. Lowering this barrier to entry should make the entire market
significantly more fluid. The traditional equities market suffers
from high fees and geographical, technological, and economic
barriers. Users around the world (and even sometimes in Asia)
struggle to acquire Asian stocks outside of their own borders and
must abide by various know-your-customer (KYC) policies at that,
requiring the divulgence of personal information. NASDEX provides a
permission-less way for users all over the world to invest in Asian
stocks. It provides an accessible way to get involved with equities
investment, bolstered by additional profit-earning opportunities
for all users. In reality, nothing like NASDEX has ever really been
introduced before. The platform has the potential to reach millions
of users across various Asian countries, totaling potentially
trillions worth of liquidity across the NASDEX ecosystem. However,
tokenizing already existing off-chain information is not easy. The
process requires oracles or off-chain entities that pull
information from off-chain sources to reflect the data on-chain.
Assisting NASDEX in the tokenization process are top-tier projects
like Chainlink and the Band Protocol. Chainlink and Band are both
tried and tested oracle platforms that assist in pricing synthetic
assets on-chain. Thanks to these integrations, NASDEX can provide
live price updates and seamless transactions on all minted stocks.
This way, users will have no problems tokenizing their favorite
Asian stocks and generating liquidity without the need for a middle
man. Before NASDEX, users would struggle to invest in Asian stocks,
paying high fees, suffering from regional barriers, and giving up
their identities to do so. Now, anyone can access these stocks and
earn from them in new ways. The NSDX Token NSDX is the lifeblood of
the NASDEX platform and ecosystem. Token holders earn every time an
asset is minted or burned, making it an ideal asset to buy and hold
for platform users. On top of that, NSDX doubles as a governance
token, with token holders getting a say In future changes and
upgrades coming to the ecosystem. The more NSDX a user holds, the
more weight their opinion has, making it an open and democratic
system all can partake in. Recently, NASDEX also launched NSDX
staking, which enables token holders to earn annual interest on
their staked assets. In doing so, NASDEX provides yet another
utility for its token holders. NSDX is listed on multiple
decentralized exchanges across three blockchain networks: Binance
Smart Chain, Ethereum, and Polygon. For example, you can find the
NSDX token on PancakeSwap or Uniswap, Gate.io and QuickSwap, with
more exchange listings arriving all the time. NSDX has a total
supply of 100,000,000 tokens. 40% of those tokens will go toward
liquidity mining, while 26% stays with the core team and its
developers. 6.756% of the tokens were held for the asset’s initial
pre-sale, which took place earlier in 2021. NASDEX Founders Are
Paving the Way for a Robust Roadmap NASDEX was founded by Josh Du
and Belinda Zhou. Du has 15 years of institutional portfolio
management experience and has managed funds and teams worth over
one billion AUD. Zhou has multiple years of experience in various
blockchain-related PR roles and knows how to build a dedicated
community around any project from the ground up. NASDEX has worked
on listing its NSDX token on multiple decentralized exchanges,
while internal testers aim to create the best possible user
experience upon the DEX launch. NASDEX will officially launch in Q4
2021 with the top 20 Asian stocks tradable across its decentralized
marketplace. After the product’s launch, NASDEX will work to grow
the NASDEX ecosystem and implement its governance model. Beyond
that, the team will continue adding new Asian stocks for users and
continue listing its NSDX token on as many exchanges as possible.
It also plans to list new product offerings such as derivatives and
indices.
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