The following principles govern the functionalities of EdaFace Dex:

(1). Principle of Modified Automated Market Makers

EdaFace Dex utilizes the Principle of Modified Automated Market Makers (mAMM), which allows digital assets to be traded in a permissionless and automatic way by using liquidity pools rather than the traditional market system of buyers and sellers.

MIM Pools system is unique, allowing unlimited amount of assets to be supplied in a Pool.

(2). Multichain Principle

EdaFace Dex is a multichain. This means two things:

(a). EdaFace Dex will be deployed on major blockchains

(b). EdaFace Dex will bridge from a deployed chain to any non-deployed chain.

The goal of multichain compatibility is to ensure that users can navigate transactions from any chain so that no user will become disadvantageous or prevented from transactions.

(3). Primary Users of EdaFace Dex

There are five primary users of EdaFace Dex, and they are:

(i). Price Makers

(ii). Price Takers

(iii). Liquidity Providers (LPs)

(iv). Borrowers

(v). Lenders

Each of these users is discussed in detail in the EdaFace Dex Whitepaper, which will be released once EdaFace Dex enters its mainnet.

(4). Leverage or Margin Trade

EdaFace Dex Derivative Trading offers upto 50 to 75% leverage, making it an excellent option for experienced traders.

(5). Integration of Eda Token

The Primary Crypto for EdaFace Dex is Eda Token. Hence, the token will be integrated on all the functions of the platform

(6). Fee Structure

Dex users are typically required to pay two types of fees:

(a). Network Fees

Network fees refer to the gas cost of the on-chain transaction. Network fees are also called Gas Fees.

EdaFace Dex goal is to have Gasless Transactions. That is, EdaFace Dex will be deployed on chains that offer no gas fee (gasless) or highly marginal cut in transactions.

(b). Platform Fees

These are fees incurred by users during trading, hence, are also called Trading Fees.

Trading fees are used to incentivize liquidity providers and token stakers to continue to provide their services for the protocol and are also used for upgrading and maintaining the platform.

(7). Graphic Book

Even though EdaFace Dex utilizes the mAMM principle, it still has intuitive, interactive order book-like statistics known as Graphic Book, which is rarely seen in decentralized exchanges.

Thus, traders will feel completely at ease using EdaFace Dex with seamless navigation through its pages.

(8). Security

Features such as SMTP notification, Google 2FA, SMS 2FA, Anti-phishing, etc., will be added to enhance security.

(9). Wallet Connect

EdaFace Dex supports all the major types of wallets. Hence, users should be able to connect their wallets seamlessly.

(10). Cold Wallet Option

EdaFace Dex allows users to integrate their cold wallets such as Trezor and Ledger.

(11). NFT Trading and NFT Staking

EdaFace Dex offers active trading and staking of NFTs.

(12). ICO, IEO and IDO Listing

EdaFace Dex will have the capability to offer an Initial Coin Offer (ICO), Initial Exchange Offer (IEO), and Initial Dex Offer (IDO).

(13). Integration to EdaFace Launchpad

EdaFace Dex has been integrated with EdaFace Launchpad so that any ICO, IEO or IDO can be listed on EdaFace Launchpad.

(14). Bot Trading

EdaFace Dex allows for trading with bots on its platforms, especially the Spot and Derivatives Platforms.

(15). Multichain Deployment

In keeping with its multichain nature, EdaFace Dex will be deployed on several chains. The initial chains are as follows:

• BNB Smart Chain

• ZkSync layer 2 of Ethereum

• Arbitrum

• Polygon

• Avalanche

This allows users multiple choices for their transactions.

Construction Deadline

EdaFace is still being developed. The testing and mainnet deployment of EdaFace Dex are expected to occur by December 2024.

Once in its mainnet, EdaFace Dex can be accessed here: https://dex.edaface.com/.

Meanwhile, you can follow up with its development at EdaFace Forum (https://forum.edaface.com/).