NSDX
NASDEX
$0.002726
0.27%
NASDEX
NSDX
$0.002726
0.27%
NASDEX Price Converter
NASDEX Information
NASDEX Markets
About NASDEX
NASDEX is a decentralised exchange (DEX) that enables the trading of Asian stocks on-chain, eliminating the need for multiple centralised accounts. Users can manage equity and crypto through one platform by connecting their wallets. Stocks are tokenised through collateralised debt positions, ensuring flexibility and security. NASDEX incorporates DeFi elements like yield farming, liquidity provision, and fee rebates for enhanced yield opportunities. Its native token, NSDX, lets holders share in DEX profits through mechanisms like buy-and-distribute, buy-and-burn, or direct profit sharing, decided by community voting via the DAO. NSDX is also used as collateral for minting tokenised stocks and grants governance rights, including voting on new stock listings.
NASDEX is a decentralised exchange (DEX) that facilitates the on-chain trading of Asian stocks. It obviates the need for multiple centralised trading accounts by allowing users to manage both equity and crypto positions through a single platform, simply by connecting their wallets. Stocks are tokenised using collateralised debt positions, providing both flexibility and security. Moreover, NASDEX integrates DeFi mechanics to offer additional opportunities for yield enhancement, such as yield farming, liquidity provision, and trading fee rebates.
The primary utility of NSDX, the native token of NASDEX, is to enable holders to partake in the profits of the DEX. Various mechanisms, including buy-and-distribute, buy-and-burn, or direct profit sharing, will be implemented for profit distribution, with the specific approach determined through community voting via the DAO. NSDX also functions as collateral for the minting of tokenised stocks and empowers holders with governance rights, such as voting on new stock listings on the exchange.
