NASDEX’s NSDX Is Now Listed on Uniswap

Share this article

NASDEX, the premiere decentralized cryptocurrency exchange that enables the trading of tokenized Asian stocks on the blockchain, now has its governance token NSDX live and tradable on the Uniswap decentralized finance (DeFi) protocol, expanding its offerings to millions of users.

By listing on Uniswap, NASDEX aims to bring more eyes to its project and the NSDX token.

Uniswap is a leading decentralized finance protocol featuring an ever-growing network of DeFi dAPPs. The protocol has facilitated over $386 billion in trading volume and supports over 200 DeFi integrations, making it the ideal centre point for the trading of Ethereum-based tokens without intermediaries. Overall, Uniswap supports a whopping 55,463 token pairs with hundreds of millions in daily trading volume.

NASDEX and its native NSDX token will be exposed to all other projects listed on the protocol and will be provided compatibility with each ERC-20 token available. The NASDEX team will open up a liquidity pool for NSDX-ETH, with users also having the opportunity to provide asset liquidity in order to receive a portion of the trading fees.

Uniswap is just one of many DeFi protocols in which NASDEX aims to list on and utilize. The DEX recently listed its NSDX token on the Binance Smart Chain-based PancakeSwap, and previously on QuickSwap and, but has plans for more integrations with strategic protocols in the future.

NASDEX’s dAPP MVP will be launched in Q4 of 2021, and will support the top tokenized Asian stocks for trading purposes. With an easy-to-access token and trading of tokenized stocks, NASDEX is preparing to bring a big change and new approach to traditional equities marketplaces.

NASDEX is the premiere decentralized exchange enabling the trading of tokenized Asian stocks on-chain. It is designed to serve as a bridge between the crypto and equity worlds. Its core benefits include the ability for permissionless and borderless stock investing, along with staking and farming features to generate substantial yields on-top of yield-less equities. Its product offering is primarily focused on never-before-seen tokenized Asian stocks initially but will expand to ETFs, indices, additional asset classes and derivatives as well. NASDEX has created a user-friendly platform where investors can buy and sell tokenized equity as easily as crypto with permissionless, decentralized, 24/7 trading, farming and staking.

Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies without the need for an unnecessary intermediary, rewarding the excess value of the transaction back to stakeholders and token holders. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.

Share this article


Tagged : / / / /

Uniswap delists 100 tokens from interface including options and indexes

The world’s leading decentralized exchange, Uniswap, has announced the delisting of a number of tokens from its app interface.

Uniswap Labs made the announcement on July 23, emphasizing that the tokens had been removed from the app interface only, and that the protocol remains immutable:

“These changes pertain to the interface at — the Protocol remains entirely autonomous, immutable, and permissionless.”

The company Uniswap Labs is the software developer that has built the front-end web app portal. The front-end is separate from the Uniswap protocol itself, which is autonomous code that was released as a public good.

In the blog post, Uniswap Labs hinted that increased regulatory pressure may have influenced its decision, stating: “we monitor the evolving regulatory landscape.” The company also described the move as “consistent with actions taken by other DeFi interfaces.”

The tokens that have been delisted from the platform’s interface include instruments that may be at risk of being classified as securities by a regulator, including tokenized stocks, options tokens, insurance-based tokens, and synthetic assets from crypto derivatives platforms like Synthetix.

Gold-backed token, Tether Gold (XAUT), is among the assets targeted, however, Uniswap founder Hayden Adams attributed XAUT’s removal to buggy code. Meme-themed tokens including Grumpy Cat (GRUMPY) had also found their way onto Uniswap’s blacklist.

The reaction from the crypto community saw Uniswap’s purported decentralization called into question. Industry observers such as ‘ChainLinkGod’ asked why UNI holders did not get to vote on the delistings, tweeting:

“Not very informative here. Was this decision made through governance vote? If not, this opens a whole can of worms and sets a terrible precedent.”

Uniswap is currently the leading decentralized exchange by trade volume, with the protocol’s v2 and v3 versions facilitating a combined $1.45 billion worth of trade in the past 24 hours.

Related: Concern as Uniswap-backed ‘DeFi Education Fund’ dumps $10M worth of UNI

Regulatory pressure on the crypto sector is mounting across the globe, with Binance and BlockFi recently incurring the wrath of authorities in the U.K. and U.S. respectively.

As reported by Cointelegraph on July 22, the Texas State Securities Board has joined its counterparts in New Jersey and Alabama in taking action against the crypto lending platform. Vermont has become the fourth state to issue an order against BlockFi, on July 25.