Internet City, Dubai–(Newsfile Corp. – March 21, 2022) – LBank Exchange, a global digital asset trading platform, will list Litedex (LDX) on March 23, 2022. For all users of LBank Exchange, the LDX/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 23, 2022.
Figure 1: Litedex Protocol, the First DEX in Indonesia Supported by Deputy Minister of Trade as a Meta Finance Blockchain Developer, to be Listed on LBank
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Decentralized Exchange (DEX) Protocol is a blockchain based financial system which designed to provide an open financial service that are transparent without intermediaries, permissions and available to everyone without centralized authority. As a decentralized exchange protocol, Litedex (LDX) aims to adopt the world’s most popular blockchains including BSC, ETH, HECO, Polygon, Tron, Polkadot and Solana, providing products and services such as Swap, Staking, Farming, Analytics, Lending, Borrowing, NFT, and Bridge. Its native token LDX will be listed on LBank Exchange at 16:00 (UTC+8) on March 23, 2022, to further expand its global reach and help it achieve its vision.
Introducing Litedex Protocol
Litedex Protocol is the first Decentralized Exchange Platform in Indonesia that carries the Meta Finance concept. Litedex Protocol with homepage develops various projects that are favorites of investors, such as Staking, Farming, Swap, Pool, Lending, Borrowing, NFT Marketplace and Bridge features.
Litedex Protocol has the ambition to adopt multiple Blockchains, such as BSC, Ethereum, Solana, Avax and several other globally popular Blockchains. This strategy is very important to activate the Bridge feature as the main foundation in the Meta Finance concept.
As a Blockchain Developer, Litedex Protocol is also developing LDX Token as a cryptocurrency with promising underlying projects and a big ecosystem. To increase investor confidence, Litedex Protocol is committed to auditing all its projects at CERTIK. Several projects that have gone through the Certik audit stage with very satisfactory results are LDX Token.
Chief Executive Officer of Litedex Protocol, Andrew Suhalim, said, “The LDX Token will soon be listed on the Global Centralized Exchange at the end of the first quarter, one of them is LBank. In addition, the Staking feature will also be activated in the same quarter, before listing. This Listing stage is carried out after the LDX Token undergoes the Initial Litedex Offering (ILO) stage.”
Litedex Protocol is the first platform that was actually developed by IT engineer from Indonesia, without involving third parties from other countries. This fact has made Litedex Protocol supported by the Deputy Minister of Trade of Indonesia, Jerry Sambuaga. On several occasions, Jerry confirms his support for the Litedex Protocol which is expected to compete with other global Decentralized Exchanges. Not only that, with its projects, Litedex is expected to boost the credibility of IT engineer from Indonesia in front of global investors.
Along with the presence of technology in the Metaverse era, Litedex Protocol positions itself as ‘The Bridge of Metaverse Wealth’. With this tagline, Litedex always innovates and adapt quickly to rapid technological developments.
Andrew Suhalim added, “Litedex have two business model. B2C Model, as our goal is to build an ATM and banks in metaverse for user to be able to bridge their token from one blockchain to another blockchain in a seamless experience without existing metaverse dimension. B2B is our 2nd Business model where we would sell and affiliates our Meta Finance backbone infrastructure into their metaverse project. Therefore, their meta community are able to transact in their metaverse without putting an effort on generating liquidity on every blockchain and re-building their multi and cross bridges again.”
Litedex Goals is to create a multi and cross blockchain in our platform. Litedex have now completed our first defi blockchain in Binance Smart Chain and Litedex is currently in process of finalizing token smart contract on Ethereum Blockchain.
Andrew said, “Though we will have multiple Defi blockchain products in Litedex, it is very important for our holders to understands that, our holder is not just investing on a Decentralized exchange or a mere decentralized finance token project.”
LDX holder is indeed investing on a Meta Finance Blockchain System Integrator, as Litedex believe the moment metaverse becomes a reality, project of Litedex will help metaverse user to bridge their token in the metaverse world seamlessly.
About LDX Token
LDX token is a governance token built on the BSC blockchain network, created to build the DeFi ecosystem and deliver rights to all LDX holders to also manage the platform through voting mechanism, as well as providing additional benefits to the token holders
The initial token supply of LDX token is 500 million (i.e. 500,000,000), 18% of it is provided for private sale, 12% is provided for public sale, 10% will be used for research and development, 30% is provided for partnership and ecosystem, 24% is allocated to the foundation, 2% is provided for bug bounty program, another 2% is provided for smart contract insurance, and the rest 2% is provided for community airdrop. Additionally, LDX has a burn mechanism that keeps the token deflationary.
LDX will be listed on LBank Exchange at 16:00 (UTC+8) on March 23, 2022, investors who are interested in Litedex Protocol investment can easily buy and sell LDX on LBank Exchange by then. The listing of LDX on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
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About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
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