What Is Catena X (CEX)?
Catena X (CEX) is a cross-chain transitionary platform built on Binance Smart Chain (BSC) and Solana network. Catena X aims to deliver a decentralized and efficient multichain transfer protocol to bridge multiple blockchains. Besides this, users can seek to easily access a community-driven DeFi ecosystem without censorship using the Catena platform.
Catena X aims to be a multichain, fast, secure, agile, and low-cost protocol providing a much-needed mechanism in the DeFi ecosystem. According to the CEX whitepaper, the platform seeks to make DeFi more accessible for its users and educate them around the benefits of blockchain technology. Besides this, the platform also aims to help its holders understand the financial and cryptocurrency market’s workings while transacting seamlessly between different blocks.
Catena X aims to be a decentralized exchange (DEX) marketplace for fostering financial transactions. The features of the Catena X DEX platform seek to be the following:
CEX is the ticker name for the Catena X platform. CEX token aims to help the users empower the uses of the DeFi and Catena X platform. Besides this, the other features of the purpose-driven CEX token seek to be governance where the community can vote, burnable for controlling circulation, and mintable to operate as a bridge service between multiple blockchains.
History of Catena X (CEX)
Luuk Janssen is the founder of Catena X platform. The core team of CEX consists of computer engineers and crypto enthusiasts with extensive experience in fintech. In September 2021, the platform released its whitepaper.
The roadmap suggests that the platform aims to launch a decentralized NFT marketplace where users can trade NFTs exclusively to purchase CEX in the future.
Moreover, the platform seeks to create a maximum total supply of 63,000,000 CEX tokens.