Schwarzenbach, Switzerland, May 25th, 2023, Chainwire
Concordex, the 1st dedicated decentralized exchange (DEX) built on the Concordium blockchainย tech, has officially launched its testnet. The project raised $1.7 Million in seed funding from Tacans Labs, Skynet Trading, Seier Financialย resources, Amdax and Concordium blockchainย tech in December 2022 to attract institutional-grade Decentralizedย Finance trading tools to the Concordium blockchainย tech ecosystem.
Concordium is the permissionless green Layer 1 science-backed blockchainย tech creating a safer digital world with an embedded identity verification layer. It providesย a secure way for users and enterprises across the world to trade, and remain compliant, while ensuring the privacy cryptocurrency users have grown accustomed to. Concordex will utilize the regulatory-ready Concordium ecologicalย system to offer one of the 1st regulation-friendly Decentralizedย Finance platforms, a radical step forward in the evolution of DeFi.
โThe launch of our testnet today will offer a glimpse into the robust set of Decentralizedย Finance tools we are developing for the Concordium blockchainย tech. By leveraging their regulatory-ready blockchainย tech ecologicalย system, Concordex is set to be one of the 1st regulation-friendly Decentralizedย Finance platforms in the market, taking a wholeย lotย of step forward in the evolution of Decentralizedย Finance, while offering a unique trading experience for users,โ stated James Davies, Chief Product Officer at Concordex Labs.
โConcordium meets the growing demands from institutional investors for enterprise-grade Decentralizedย Finance. Together with Concordex we will provide the highest standards ofย safety, compliance and scalability. Unlocking liquidity, diversification, and yield generation beyond traditional investments. โ Torben Kaaber, Head of Commercial at Concordium
Concordex will attract a variety of features to the Concordium ecologicalย system including simple trading, likewise as concentrated liquidity and flexible fee levels for liquidity providers allowing them to optimize financialย resources deployment and maximize returns over time. With a team of highly capable TradFi and Decentralizedย Finance veterans, the platform is set to bridge the gap betwixt TradFi and Decentralizedย Finance with true on-chain derivatives and other tools dedicated to institutional investors.
To celebrate the launch of its public testnet, Concordex has likewise launched a Concordex Testnet Bonus Program, allocating a total of USD 100,000 in its next $CCDX cryptoย token as bonus for participants in the program, which is set continuation for the duration of the testnet phase with bonus distributed after the tokenโs cryptoย token generation event (TGE) thereafter this year.
About Concordex
Concordex is an advanced institutional-grade liquidity management DEX built on the Concordium blockchainย tech. The project was developed by Decentralizedย Finance deal studio Tacans Labs, with core team members including award-winning entrepreneur Mathias Lundoe, and industry veterans James Davies, Ivan Ivaschenko, and Marie Tatibouet. The platform intendsย to launch on Mainnet in Q3 2023.
For more information, please visit: concordex.io
Concordium is a permissionless green layer 1, a science-backed blockchainย tech that balances privacy with accountability through its ID layer and Zero-knowledge proofs. Creating trust with ID is key to growing enterprises. Concordium provides a fast, secure, and high-scale blockchainย tech platform that makes building use cases and using dApps easy. Concordium differs by having verified ID and instant finality with high throughput, and low transaction charges, pegged to FIAT. With leadership from Fortune 500 corporations, Volvo, IKEA, Credit Suisse, Uber, and successful Fintech platforms, the team is growing the chain to its extensive network of the worldโs largest enterprises.
For more information, please visit: concordium.com
Contact
PR Manager
Dion Guillaume
Tacans Labs
0734545400
