Concordex, the pioneering decentralized exchange (DEX) built on the Concordium blockchain, has announced the upcoming launch of its mainnet, scheduled for Monday, June 26. this exciting new phase, launching the first DEX for the Concordium ecosystem.
Concordex will enrich the Concordium ecosystem by offering a range of features, including direct trading, concentrated liquidity and flexible fee levels for liquidity providers. This allows them to improve their capital distribution and increase the returns they generate over time. The platform, supported by a number of leading experts and industry professionals, is set to bridge the gap between TradFi and DeFi, offering authentic on-chain derivatives and other institutional-grade instruments.
“We couldn’t be more excited about the upcoming mainnet launch on June 26. This marks a substantial milestone for Concordex and the entire Concordium ecosystem as we are kicking off DeFi on Concordium. Leveraging Concordium’s regulatory-ready infrastructure , we are leading the way in the development of regulation-compliant DeFi platforms by bringing liquidity and a robust set of DeFi trading tools to the ecosystem,” said Mathias Lundoe Nielsen, managing director of Concordex Labs.
“As a strategic partner of Concordex, Amdax is thrilled to see the team’s hard work come to fruition. The combination of Tacans Labs’ innovative vision and technical know-how with the regulation-ready Concordium blockchain makes Concordex the first true DEX to introduce institutions to the cryptocurrency markets,” said Marcel Burger, chief investment officer at Amdax.
The project initially raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital, Amdax, and the Concordium blockchain in December 2022, with the goal of offering institutional-grade DeFi trading tools within the ecosystem Concordium blockchain.
Built on Concordium, a public layer 1 blockchain with a distinctive layer of identity verification built in, Concordex provides a secure and compliant trading platform for users and businesses globally. The platform harmoniously balances privacy, a valuable attribute within the crypto community, with regulatory compliance. Concordex stands as one of the first regulation-friendly DeFi platforms, signifying a substantial step forward in the evolution of DeFi.
About Concordex
Concordex is an advanced institutional grade liquidity management DEX built on the Concordium blockchain. The project was developed by DeFi venture builder Tacans Labs, with core team members including award-winning entrepreneur Mathias Lundoe and industry veterans James Davies and Ivan Ivaschenko. The platform will launch its Mainnet on June 26, 2023.
For more information, please visit: concordex.io
About Tacan
Co-founded by Danish entrepreneurs Lars Seier Christensen, founder of Saxo Bank and Concordium blockchain, and Mathias Lundoe Nielsen, an award-winning serial entrepreneur with multiple technology ventures, Tacans Labs is the DeFi arm of Tacans, a web3 venture builder invested in the future economy of the blockchain by building, financing and acquiring cutting-edge Web3 companies. Launched in 2021, the group’s portfolio includes seven Web3 companies across multiple sectors.
For more information, please visit: tacans.com
Source: Concordex
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