Litedex Protocol, the first DEX in Indonesia, to be listed on LBank

INTERNET CITY, DUBAI, March 18, 2022 – LBank Exchange, a global digital asset trading platform, will list Litedex (LDX) on March 23, 2022. For all LBank Exchange users, the LDX/USDT trading pair will be officially available for trading at 4:00 p.m. (UTC+8) on March 23, 2022.

The Decentralized Exchange Protocol (DEX) is a blockchain-based financial system designed to provide an open, transparent, middleman-free, permissionless financial service accessible 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 LDX token will be listed on LBank Exchange at 4:00 p.m. (UTC+8) on March 23, 2022, to further expand its global reach and help realize its vision.

Presentation of the Litedex protocol

The Litedex protocol is the first decentralized exchange platform in Indonesia that carries the Meta Finance concept. Litedex protocol with homepage develops various projects which are favorites of investors such as Staking, Farming, Swap, Pool, Lending, Borrowing, NFT Marketplace and Bridge features.

Litedex Protocol has the ambition to adopt several Blockchains, such as BSC, Ethereum, Solana, Avax and several other globally popular Blockchains. This strategy is very important to activate the Bridge function as the main foundation of the Meta Finance concept.

As a blockchain developer, Litedex Protocol is also developing LDX Token as a cryptocurrency with promising underlying projects and a large 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.

Litedex Protocol Managing Director Andrew Suhalim said, “The LDX token will soon be listed on the Global Centralized Exchange at the end of Q1, one of them is LBank. Additionally, the Staking feature will also be enabled during the same quarter, prior to listing. This registration step is performed after the LDX token has undergone the initial Litedex offering (ILO) step. »

The Litedex protocol is the first platform actually developed by a computer engineer from Indonesia, without involving third parties from other countries. This fact made the Litedex protocol supported by the Deputy Minister of Commerce of Indonesia, Jerry Sambuaga. On several occasions, Jerry confirms his support for the Litedex protocol which should compete with other global decentralized exchanges. Moreover, with its projects, Litex is expected to enhance the credibility of Indonesian IT engineers among global investors.

Along with the technology’s presence in the era of the metaverse, the Litedex protocol positions itself as “the metaverse’s bridge of wealth”. With this slogan, Litex always innovates and adapts quickly to rapid technological developments.

Andrew Suhalim added: “Litedex has two business models. The B2C model, as our goal is to build an ATM and banks in the metaverse for users to link their token from one blockchain to another blockchain in one experience. transparent without existing metaverse dimension.. B2B is our second business model where we would sell and affiliate our Meta Finance backend infrastructure in their metaverse project.Therefore their metacommunity is able to transact in their metaverse effortlessly to generate liquidity on each blockchain and rebuild their multi and cross bridges again.”

The goals of Litex are to create a multi and cross blockchain in our platform. Litedex has now completed our first defi blockchain in Binance Smart Chain and Litex is currently finalizing the token smart contract on Ethereum Blockchain.

Andrew said, “While we have several Defi blockchain products in Litedex, it is very important for our holders to understand that our holder is not just investing on a decentralized exchange or just a decentralized finance token project.”

The LDX holder is indeed investing in a Meta Finance Blockchain system integrator, because Litex believes that the moment the metaverse becomes a reality, the Litedex project will help the metaverse user to link their token into the metaverse world of transparent manner.

About the LDX Token

The LDX token is a governance token built on the BSC blockchain network, created to build the DeFi ecosystem and entitle all LDX holders to also manage the platform through the voting mechanism, as well as to offer additional benefits to token holders.

The initial supply of LDX tokens is 500 million (equivalent to 500,000,000), of which 18% is for private sale, 12% is for public sale, 10% will be used for research and development, 30% are for the partnership and ecosystem, 24% is allocated to the foundation, 2% is provided for the bug bounty program, an additional 2% is provided for smart contract assurance, and the remaining 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 4:00 p.m. (UTC+8) on March 23, 2022, investors interested in investing in the Litedex protocol can then easily buy and sell LDX on LBank Exchange. Listing LDX on LBank Exchange will undoubtedly help it further expand its business and attract more attention in the market.

Learn more about the LDX token

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