Introduction
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Decentralized Finance
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving on, the project I'm going to present you is Adonx.one (https://adonx.one/home), a crypto asset exchange, escrow and payments platform.
Definition
In more detail, Adonx.one (https://adonx.one/home) is a new decentralized finance crypto exchange, which has also integrated escrow and payment platform system.
Goals
The main objective of Adox.one is to provide simple, fast, innovative, state of the art and secured crypto exchange, escrow and payments platform. Furthermore, the idea of the team is to be able to list all elegible projects with very low listing fee and provide super low trading fee experience for traders.
Table of Features and Benefits
Bounty program
The project gives the opportunity to earn ADONX tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5320460.0), where you can access the link in order to see what are the conditions to become an early Adonx.one contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (Adonx_WP). You can also stay tuned in their official Telegram Channel (https://t.me/adon_coin). I hope you liked the post and soon I'll send you new ones.
Token details
Symbol: ADONX
Protocol: ERC20
Platform: Ethereum
Supply: 21,000,000 ADONX
Roadmap
Social Media Links
Whitepaper: https://adonx.one/assets/docs/whitepaper.pdf
Reddit: https://www.reddit.com/r/AdonX_One
Twitter: https://twitter.com/adon_network
Telegram: https://t.me/adon_coin
Discord: https://discord.gg/9chzdW4
Facebook: https://www.facebook.com/adon.network/
Instagram: https://instagram.com/adonx.one?igshid=30aup4c2m61e
Website: https://adon.network/
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Author Details
Email: [email protected]
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum wallet: 0x3e10d9Cb6a5af372C00563aA19FEE3122A5C0Cd4
Bitcointalk announcement link of the project: https://bitcointalk.org/index.php?topic=5320459.0
