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Title: ELX, a Modular Decentralized Liquidity Network, Will Be Listed on CoinW Exchange
CoinW, the world's pioneering cryptocurrency trading platform, will list ELX, a modular decentralized liquidity network, on DeFi Zone. For all CoinW users, the ELX/USDT will be officially available for trading on March 7th, 2025, at 10:00 (UTC). To celebrate the listing of ELX, we are launching the “ ELX Bounty Program" event with a reward pool of 10,000 USDT. Enhancing Liquidity with Elixir’s Decentralized Market-Making Solutions A modular decentralized liquidity network designed to enhance liquidity, tighten bid-ask spreads, and increase trading volumes on decentralized order book exchanges (DEXs). With this listing, CoinW aims to provide users with seamless access to Elixir’s innovative liquidity solutions and reward-driven market-making mechanisms. Elixir operates on a Delegated Proof of Stake (DPoS) consensus mechanism, allowing users to supply liquidity directly to order book pairs and earn market-making rewards. Additionally, its ecosystem includes synthetic USD ($deUSD), an economic efficiency-enhancing stable asset comparable to Ethena’s USDe. The listing of $ELX on CoinW provides traders with a new opportunity to engage with a cutting-edge decentralized liquidity protocol. $ELX Token Utility and Ecosystem Growth As the native token of the Elixir network, $ELX plays a critical role in governance, security, and network consensus. Key utilities include: Governance Participation: Holders of $ELX can stake their tokens to propose and vote on protocol upgrades and ecosystem development. Consensus Mechanism: In the DPoS framework, validators stake $ELX to participate in transaction validation and network security maintenance, ensuring transparency and efficiency. Network Security: The pledge of $ELX acts as a safegu...
This press release is issued by King Newswire