What is EchoDEX Community Portion
What is the project about?
Decentralized Exchange
What makes your project unique?
EchoDEX is a decentralized exchange platform built on the Linea network. Our platform is designed for fast and secure trading of cryptocurrencies, with the added benefit of being built on a trusted network.
History of your project.
Our project launched on 30 March 2023. Since then, our project has achieved many achievements on Linea Testnet with more than 75,000 active users and more than 2 million transactions on-chain (take estimated 5% of the total transactions of Linea Testnet). Moreover, after the 3-month launching, EchoDEX has reached 135k followers on Twitter with stable interaction on Twitter.
What’s next for your project?
EchoDEX will release more campaigns to attract more liquidity and TVL into our platform. Besides, we will develop Aggregators to help users have a more effective way to trade and swap with the best fee and trading cost rate.
What can your token be used for?
- Pay trading fee on our platform
- Convert to xECP to join more advance feature of our platform in the futures
- Farming
- Staking
EchoDEX Community Portion vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, ECP would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of ECP might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including ECP.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.
