Exclusive: Starter launchpad to host Asia-focused DEX NASDEX launch
- NASDEX aims to serve as a bridge between the worlds of equity and crypto
- DEX allows investors to trade around the clock and buy fractional shares of their favorite stocks
- Initially, the DEX will have a market cap of around $30 trillion
Starter, a leading community-oriented launchpad operating on multiple blockchains, will host the IDO launch of NASDEX, a DEX that allows traders to use a minting mechanism to trade tokenized stocks on the blockchain. NASDEX, which is focused on Asian markets, aims to serve as a bridge between the worlds of equity and crypto and to alleviate the limitations of traditional equity exchanges like portfolio management and of investors only being able to purchase, not sell stocks.
NASDEX offers liquidity rewards and minting to users
Apart from allowing investors to trade around the clock and buy fractional shares of their favorite stocks, NASDEX compensates them for their gas fees by providing liquidity rewards and minting. It’s also the first DEX focused on Asia. NASDEX offers a host of new DeFi features and an improved investor experience.
Lionel Iruk, Special Counsel at Starter, said:
“Cryptocurrencies, as an asset class, are growing rapidly but lack investment options offered by traditional institutions with equities and bonds. As a trade-off, financial institutions are lacking the technology that is pushing forward DeFi and blockchain. NASDEX can bridge and diversify letting users have both of best worlds as they continue on their investment journey.”
NASDEX starts with $30T market cap, may rise to $100T
Initially, the DEX will have a market cap of around $30 trillion. Token holders will benefit from revenue growth because they will have a share in the platform’s revenue. This will encourage user engagement. NASDEX community members can decide whether to add stocks or markets. In the future, NASDEX will consider the possibility of including global equity markets with a total market cap of around $100 trillion.
Josh Du, Chief Investment Officer at NASDEX, commented:
“Crypto projects are spreading from the crypto world into the real world with the corresponding expansion of total addressable market (TAM) and investment returns for all involved” said. “Innovations in DeFi and blockchain have the ability to add brand new features onto traditional asset classes. NASDEX’s focus to bridge the crypto world and the Asian equity world will create a much needed product for this large and untapped market.”