Kaddex

Kaddex is a developer of a decentralized financial ecosystem built on the Kadena blockchain. The company is developing decentralized exchanges, cryptocurrency wallets, and other financial tools. The Kadena blockchain is intended to provide users with security and gas-free transactions. The blockchain is a scalable proof-of-work layer-1 blockchain network that utilizes the same automated market maker model as Uniswap.

Through this framework, the possibility of miner extracted value, frontrunning, and gas auctions are reduce to offer users a cheaper and faster transaction process. Kadena also offers paradigm-changing ability to offload gas payments to third parties through gas stations to enable Kaddex to deliver a gas-free liquidity pooling and trading experience. Kaddex is able to deliver a gas-free liquidity pooling and trading experience due to Kadena's braided chain framework, which allows the company to develop novel approaches to liquidity provisioning and slippage controls, while still offered the security that proof-of-work provides.

On February 1st, 2022, Kaddex launched their public pre-launch sale of the company's utility token, KDX. The public sale offers 50 million KDX tokens, around 5 percent of the total supply. The terms of the sale priced the KDX token at $0.16; the tokens bought at the initial sale had a lock-up period of twelve months, following a twelve month vesting schedule that releases 50 percent of the tokens at six months, 75 percent of the tokens at nine months, and 100 percent at twelve months. The sale also had a buy-limit of 100,000 KDX tokens.

The KDX utility token is intended to establish a true democratic and community ownership of Kaddex's ecosystem and to implement the first financially sustainable Liquidity Mining program. This is further to allow users and the larger community to steer the development of the platform and also incentivizing participation in the platform as well.

Kaddex offers the company's X-Wallet, a web-extension wallet that enables seamless decentralized application interaction without users having to leave the web browser. The wallet is built to be user-friendly and designed for seamless interaction with dApps on the Kadena network. With the wallet, users are able to send and receive assets, execute cross-chain transfers, view transactions, and interact with dApps.

More features are expected to be added as Kaddex and the Kadena blockchain continue to evolve. The wallet is compatible with both Chrome and Brave browsers. The keys and passwords generated by X-Wallet are only given to the user, without anyone else having access to them. As well, users can use the X-Wallet to recover Chainweaver (Kadena's official wallet) password seed phrases to regenerate existing accounts. The wallet supports all tokens on the Kadena network.