What Is Quidax Token (QDX)
Quidax (QDX) is a digital assets exchange that lets users trade cryptocurrency with their traditional currency. Quidax plans to develop solutions that remove financial obstacles to value exchange and commerce. Quidax's mission is to provide access to digital assets and forthcoming blockchain projects in the BEP-20 ecosystem to millions of individuals worldwide. BEP-20 is the standard for developing tokens on BSC, or using Binance Smart Chain development. Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications.
As per the whitepaper, Quidax brings together centralized finance (CeFi) and decentralized finance (DeFi) ecosystems to offer a simple user experience. As a result, users access CeFi and DeFi devices within the Quidax ecosystem without any difficulty.
The main features of Quidax are:
Seamless User Experience: Quidax features a simplified user interface that helps to make accessing cryptocurrencies and other financial products convenient.
Community Support: Quidax has a community in five nations.
Trusted and secured exchange: Quidax aims to earn consumers' trust by providing streamlined services. The exchange plans to remain stable while maintaining low trading costs and offering a competitive withdrawal charge in Africa.
Customer-focused services: Quidax intends to create customer satisfaction by delivering a smooth trading experience.
The native token of the Quidax ecosystem is the Quidax token (QDX). The token is used in many Quidax platform processes. QDX helps to combine centralized and decentralized finance, such as crypto loans.
QDX may be used for a variety of purposes, including:
Exchange Utility Token: QDX is the exchange utility token. Users can get trading fee discounts, redeem products, and acquire free crypto via airdrops in QDX.
Savings and Bill Payments: The QDX token is used in savings programs, and customers use it to pay for utility bills like electricity, cable, and airtime on Quidax.
Merchant Payment Gateway: Merchants receive payment for goods and services via QDX through a crypto payment gateway.
DeFi Access Token: The QDX token can be used to employ DeFi services like lending, staking, yield farming.
Creation of NFTs: Quidax plans to create a NFT marketplace with QDX as the primary currency.
History of Quidax Token (QDX)
Buchi Okoro is the CEO of Quidax. Uzo Awili is the CTO. Quidax was officially launched in 2018. The whitepaper was published in April 2018. QDX has a maximum supply of 1,000,000,000 tokens.
