Press Release: JayX Protocol has announced the release of its decentralized exchange.
May 22, 2024, Bahamas – JayX Protocol has launched its decentralized asset exchange, offering traders complete freedom, control, security, and transparency across their digital asset portfolios. The JayX DEX is the first showcase of the protocol and offers a broad range of advanced features, solutions and two utility tokens.
What is JayX Protocol?
JayX Protocol is a decentralized blockchain solution aiming to revolutionize asset management with unparalleled on-chain transparency and security protocol. The mission is to offer the seamless experience of a centralized exchange coupled with the robust security of a decentralized one, made possible through the platform’s innovative chain abstraction and MPC technology.
JayX DEX
JayX DEX users will benefit from a seamless trading experience similar to any centralized exchange, combined with the security and fairness of decentralized exchanges. Crypto users can trade assets from any blockchain while keeping all of their assets securely on-chain.
JayX Protocol offers a broad range of advanced features to streamline the trading experience, whilst also offering solutions to issues like multi-regional regulatory compliance.
A demo of the JayX Protocol is already available in Beta for traders to use now, with the full launch expected in Q4, 2024.
Key Features
The JayX Protocol offers extensive advanced features that focus on providing the utmost transparency, whilst empowering users to have full control of their assets and the exchange itself. One of the most powerful features of the platform is its ability to connect your community-driven exchange to a global liquidity pool. By tapping into the combined trading activity of participants worldwide, users can enhance the liquidity of their own platform while also creating new opportunities for growth and collaboration across borders.
Users can also use JayX Protocol to set up an exchange without the headache of developing complex backends, adding new assets from any chain to their platform in as little as one hour. Open-source exchange nodes enable anyone to operate a decentralized order book exchange leveraging JayX Protocol technology.
Other significant features on JayX Protocol include:
- Cross-Chain Trading: The JayX node relay function (NRF) supports robust cross-chain communication features, enabling seamless interactions with multiple blockchain ecosystems.
- MPC & Chain Abstraction: Combining MPC (Multi-Party Computation) and chain abstraction to rapidly support new assets from emerging blockchains.
- Token-Centric Governance: The platform is fully governed by its token holders, ensuring that all benefits are returned to the token owners.
- Permissionless Asset Listing: As soon as the asset’s public and private keys are compatible with the MPC wallet, it becomes exchangeable.
- Multi-Regional Compliance: JayX offers total compliance across different regions via a regional network of exchanges with shared liquidity.
Utility & Protocol Token
JayX Protocol uses both a utility token and a governance token across the platform. The $SEED utility token provides diverse use cases ranging from node purchasing and fee reductions to staking rewards. Additionally, $SEED can be converted into the $JAY governance token, offering enhanced flexibility and utility to all users. When users convert $SEED into $JAY, the $SEED tokens are burnt, ensuring a one-way conversion. This mechanism creates a perfect game-theoretic balance between wealth and control.
Join the JayX Revolution
With JayX protocol‘s innovative chain abstraction and MPC technology, the mission of a truly open global financial market is closer than ever before. With the support of traders, developers, and its growing community, JayX aims to pioneer its technology to empower all levels of crypto users to take control of their financial future.
For more information about JayX Protocol, please visit the official website here.
Media Contact Details
Contact Name: Chiharu Suzuki
Contact Email: c@jayx.com
JayX Protocol Socials
JayX Protocol is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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