SOVDEX is a decentralized cryptocurrency exchange built on the AntelopeIO/ Leap protocol that leverages algorithms from the Bancor Protocol to enable users to exchange, swap, convert, and value their assets.

This provides greater asset control and creates new possibilities for decentralized finance (DEFI).

SOVDEX's innovative algorithms offer a range of benefits, such as SOV Burn mining, SOV Trade mining, staking for reduced trading fees, and staking for SOV burn subsidies. These benefits are available without trading spreads and without the need to entrust tokens to a centralized third party.

Using the Bancor Protocol-based DEXs has several advantages. These include continuous and instant liquidity, adjustable volatility, predictable pricing, and no spread between the bid and ask. Additionally, it enables the easy addition of new tokens.

Initially, SOVDEX will offer basic SOV trading and burn mining.

However, over time, SOVDEX plans to offer various user interfaces and apps for mining and trading. This will be achieved through a referral program that rewards developers with up to 25% of trading fees when users interact with SOVDEX using their site or application.

SOVDEX currently offers relays for the following trading pairs;

❖ EOS/BTC

❖ SOV/EOS

❖ SOV/USDT

❖ SVX/EOS

More digital assets will be added to SOVDEX over time, and anyone can add their token to SOVDEX if it is compatible with the smart contract and liquidity pools are provided. However, if the token's liquidity pools are not provided, SOVDEX may still list it, but only with discretion. SOVDEX does not plan to support any fiat currencies.

If you have a token you wish to list on SOVDEX, reach out to an admin in the EOS SOV Telegram Group for more information. You can also learn more about the story behind SOVDEX by watching their interview on YouTube.

Author: Sebastian Beyer

Editor: Markus Hinrichs, Randall Roland

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