Скачать или смотреть SundaeSwap: 100x ? New Cardano DEX Decentralized Exchange Cryptocurrency that is Primed To the Moon

SundaeSwap
To the Moon

This is Dr kidwell, physician, business owner, and investor with 25 years of experience
Todays review is for entertainment purposes only

An exciting new decentralized exchange, SundaeSwap has been in the news recently
In several ways, Sundaeswap is the first of its kind, and its arrival has been highly anticipated in the crypto universe

Before we get to SundaeSwap, we have to talk about Cardano

Cardano is a blockchain platform that runs on a proof of stake blockchain
Its cryptocurrency, ADA is the sixth largest in the world by market cap

SundaeSwap is a decentralized exchange, or DEX. As the first functional DEX to run on the Cardano platform, it is a group of smart contracts set up to allow peer to peer crypto trading, and primed for success

Exactly how does a Dex work?

Investors put funds into the exchange, called a liquidity pool, to get interest like rewards

This pool allows crypto traders to trade cryptocurrencies, via the use of an Automatic Market Maker, or AMM which are smart contracts using a mathematical logarithm to facilitate transactions.without a bank or traditional middleman

Why does SundaeSwap have massive potential?
Lets look at some of the other exchanges
Currently, Uniswap is the largest Etereum based DEX with a 24 hour volume of $1.2 billion per coinmarketcap
Pancakeswap is the largest Binance Smart Chain based DEX with a 24 hour volume of $1 billion
TraderJoe is the largest Avalanch based DEX with a 24 hour volume of $330 million

SundaeSwap is the first workable DEX on Cardano, which is larger than avalanch
So Sundaswap should eventually be bigger than TraderJoe, so anticipated volume should be over three hundred and thiry million per day
The number could even be higher because as a whole, Cardano owners are more loyal and committed than holders of the cryptocurrencies. SundaeSwap should be able to compete with the previous DEXes, and cater to its own niche in the market composed of Cardano owners. It also has the potential to grow bigger than the its competitors, for the following reasons:

Cheaper, faster, and lower energy consumption due to its Proof of Stake model, which Ethereum is now trying to copy

SundaeSwap is built to lay a foundation for other projects to build upon

Developed to offer stakers returns that significantly higher than conventional financial institutions and even some of its blockchain competitors

The development team doesnt have any big names, but seems like a group with enough experience and expertise to compete

In terms of Social media
250,000 twitter followers, but cardano has 1.2 million
30,000 reddit members, but cardano 678,000

SundaeSwap detailed whitepaper
Sundaeswap’s website has a great setup and wonderful, colorful, cartoon like theme
Who doesn’t like ice cream and sundaes?

I score SundaeSwap 27 points, in between “Likely success and money making opportunity” and “to the moon-high potential for dramatic returns”

I have been accumulating Cardano as my fourth biggest crypto holding in anticipation of Sundaeswaps release, and am planning on adding to their liquidity pool

#SundaeSwap #Cardano #cryptocurrency #DEX #decentralized #To the Moon #Dogecoin #Invest