February 8, 2022 – We are very pleased to announce the arrival of Algodex’s Mainnet launch, which is scheduled for February 10, 2022.
The Mainnet version of Algodex will be publicly available to internet users across the world except for the United States and Canada, until the legal compliance plan is completed for those areas.
Unlike Testnet, the Mainnet version of Algodex allows for transactions of real value Algorand Standard Assets (ASA) priced in ALGOs. A variety of ASAs will already be listed on February 10. The platform is unique in that every asset available on the Algorand blockchain is able to list, including NFTs. To get your asset listed, contact the @AlgodexOfficial handle on Twitter.
Users who transact and provide liquidity on Algodex shortly after launch will later receive rewards via airdrops. In addition, no trading fees will be applied to any transactions until the second phase Mainnet launch of Algodex, when the reward system will be integrated. For more details on Algodex’s rewards system and mechanics, please see Algodex’s whitepaper here.
Algodex is a virtual asset service provider that gives users control over their transactions of Algorand Standard Assets. With the platform, users can trade their Algorand Standard Assets and maintain control over the price they choose to transact at. The platform uses an order book system with limit orders to place trades, and the technology is fully decentralized, making use of smart contracts on the Algorand blockchain network to hold and transact all the orders.
Jeff Callaway, CEO, Algonaut Capital Corporation
Alexander Trefonas, CTO, Algonaut Capital Corporation