The Asian stock market is one of the largest in the world, creating billions of dollars for those who understand how the system works. Users no longer have to trust third parties or block based on jurisdiction, as there is ultimately one-size-fits-all solution for everyone’s needs. NASDEX, the premier decentralized cryptocurrency exchange for trading tokenized Asian stocks, has its own local governance token, the NSDX. Tokens are now live in various ecosystems. In this post, we will explain in detail what you need to know about buying and holding NSDX.
What is NASDEX and does it solve any problems?
As mentioned, NASDEX is a decentralized exchange (DEX) for tokenized Asian assets. By setting up parallels, users can mint a tokenized version of their preferred Asian stocks for others to invest. Once minted, users can provide liquidity and trade stocks with others around the world.
Tokenized stocks provide additional profit opportunities for users, such as farming and stacking, which are not available in the traditional equity market. Users can also invest in fractional tokenized stocks and assets, making stocks more accessible to those who cannot buy full shares. The whole market should be significantly made more liquid by reducing this barrier of entry.
Traditional equity markets suffer from high fees and geographical, technological, and economic barriers. Users around the world (and sometimes even in Asia) struggle to acquire Asian stocks outside their own borders and adhere to various known-your-customer (KYC) policies in order to disclose their personal information.
NASDEX provides an unlicensed way for users around the world to invest in Asian stocks. It provides an accessible way to engage in equity investing, which is enhanced by the opportunity for additional profits for all users.
In fact, nothing like NASDEX has really been launched before. The potential trillion-dollar liquidity across the platform’s NASDEX ecosystem has the potential to reach millions of users across Asia.
However, tokenizing already existing off-chain data is not easy. The process requires Oracle or off-chain entities that pull data from off-chain sources and reflect data on-chain. Supporting NASDEX in the tokenization process is top-level projects such as chainlinks and band protocols.
Both ChannelLink and Band are tried and tested Oracle platforms that help determine the value of synthetic resources. Thanks to this integration, NASDEX can provide live price updates and uninterrupted transactions on all drawn stocks. That way, users will have no problem tokenizing their favorite Asian stock and creating liquidity without the need for a middle man.
Prior to NASDEX, users struggled to invest in Asian stocks, to pay higher fees, to face regional barriers, and to give up their identities in order to do so. Now, anyone can access these stocks and earn from them in new ways
NSDX is the lifeblood of the NASDEX platform and ecosystem. Token holders earn an asset whenever it is buried or burned, making it an ideal asset for platform users to buy and hold. On top of that, the NSDX doubles as a governance token, with token holders talking about future changes and upgrades in the ecosystem. The more a user holds NSDX, the more their feedback weighs, making it an open and democratic system where everyone can participate.
Recently, NASDEX has also introduced NSDX stacking, which enables token holders to earn annual interest on their stacked assets. By doing this, NASDEX provides another utility for its token holders.
NSDX is listed on multiple decentralized exchanges across three blockchain networks: Binance Smart Chain, Etherium and Polygon. For example, you can find NSDX tokens on PancakeSwap or Uniswap, Gate.io and QuickSwap, where more exchange lists come up all the time.
NSDX has a total supply of 100,000,000 tokens 40% of the liquidity of this token will go to the mine, while 26% will be with the original team and its developers. 6.756% of token assets were kept for initial pre-sale, which occurred before 2021.
The founders of NASDEX are paving the way for a strong roadmap
NASDEX was founded by Josh Du and Belinda Zhou. Du has 15 years of institutional portfolio management experience and has managed over one billion AUD worth of funds and teams. Zhou has multiple years of experience in various blockchain-related PR roles and he knows how to build a dedicated community around any project.
NASDEX has worked to list its NSDX tokens on multiple decentralized exchanges, while the goal of internal testers is to create the best possible user experience during DEX launch. NASDEX will officially launch in Q4 2021 with the top 20 Asian stocks traded across its decentralized marketplace.
Following the launch of the product, NASDEX will work to enhance the NASDEX ecosystem and implement its governance model. Beyond that, the team will continue to add new Asian stocks for users and list its NSDX tokens on the exchange as much as possible. It plans to list new product offers such as derivatives and indicators