Many individuals and teams desire to have multiple parties sign off on a transaction, such as payments or withdrawals before it can be executed. This allows for more robust security, as it spreads the responsibility of your digital assets to multiple parties, and avoids a single point of failure in the case of a compromised individual or wallet. The Atlas DEX price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
The simple mathematical principle at the core of such an AMM is constant product function. It forms a hyperbola when plotting two assets; theoretically to always provide liquidity as prices approach infinity on both sides of the spectrum. Constant product function can be graphically represented as shown below where Qα is the quantity of asset α and Qβ is the quantity of an asset β. It is natively scalable and designed to withstand billions of users and devices, while maintaining both decentralization and security. Solana can process up to 50,000 transactions per second with a block time of approx. Solana is a layer-one blockchain with a proof-of-stake consensus mechanism with partial Byzantine Fault Tolerance.
Our goal is to build the most feature-rich cross-chain swaps platform for our users. Currently, we have a range of institutions and DAO’s that would like to swap tokens on a recurring basis, in order to ‘Dollar Cost Average’ into that token. For example, say that you have a large amount of USDC that you would like to swap for ETH on a daily basis. To do so on Solana, you would currently need to manually swap the token into Atlas DEX. With this future Snowflake Integration, users only need to schedule recurring swaps once, and they can set-and-forget their regular swap.
Solana performs a set of coordinated optimizations to achieve impressive performance and processes transactions in a multi-threaded way, which sets it apart from slower blockchains. After criticism surfaced on social media over its tokenomics, Atlas DEX introduced a performance-based vesting schedule for private investors. If the total swap volume exceeds $3 billion, tokens are locked for six months, the 10% is vested linearly for ten days, with 90% vested linearly for two years. If the total swap volume falls short of $3 billion, tokens are locked for nine months, 10% is vested linearly for ten days, with 90% vested linearly for two years.
Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals. Cross-Chain Swaps – Atlas DEX allows you to trade any token across multiple chains, powered by permissionless bridges. Using Solana’s Wormhole tech, the bridging of tokens is done in a secure and decentralised manner. Atlas DEX stands out with its unique value proposition that is attractive to virtually any trader if appropriately executed. Traders can collect the best prices from several exchanges without worrying about slippage or going through the hassle of bridging tokens and putting their capital at counterparty risk.
Launching in January 2022, Atlas will aggregate DEXs from multiple chains, including its native Solana chain, as well as the Binance Smart Chain, Ethereum and Polygon ecosystems. Therefore, it is impossible to accurately predict the price of Atlas DEX 5 years from now. A multi-signature wallet allows a group of users to approve a transaction before it can be executed.
Moonsheet ROI – is the expected return on investment for the token, based on the predicted future value of the token. It’s a metric used by crypto traders and investors to evaluate the potential profitability of the investment in the project. A moonsheet represents a prediction or a forecast of a future high value for the token. While there are many DEXs across multiple chains, Atlas DEX’s unique value proposition to users is our Cross-Chain Swaps, Minimal Slippage and Fast Transactions.
Atomic Wallet’ customers balance and actual transaction history are supported by each cryptocurrency blockchain explorer. Atomic Wallet does not collect or store any private keys, backup phrases or passwords. Further, Atomic Wallet does not hold, collect, or transfer any assets from or to its customers wallets in any form. Since Atlas DEX allows trades to be conducted seamlessly, traders can benefit from the simplicity of swapping and transferring assets across different blockchains on the platform. Atlas DEX provides a seamless trading experience for anyone looking to make native cross-chain swaps across leading blockchains. Because smart contracts in Atlas are complex, it is crucial for them to be executed in parallel so that the user experience is excellent, but at the same time the execution cost should be kept low.
Moreover, Solana’s Wormhole Bridge allows bridging to other blockchains securely and in a decentralized manner. Atlas DEX allows you to trade any token across multiple chains, powered by permissionless bridges. Using Wormhole, the bridging of tokens is done in a secure and decentralised manner. The future of blockchain is interconnectivity and Atlas is at the forefront of developments. Atlas DEX is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors.
Following diagrams shows the function of wormhole guardians(validators) and how the value can be transferred from Ethereum to Solana. Which is a vector whose ith entry ∆i specifies how much of asset ‘I’ is to be swapped. Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
- A multi-signature wallet allows a group of users to approve a transaction before it can be executed.
- We urge all Atomic Wallet’ customers to familiarize themselves with the terms and conditions of third-party virtual asset service providers before engagement into a business relationship.
- Atlas DEX’s price today is US$0.4487, with a 24-hour trading volume of $297.
- Using Solana’s Wormhole tech, the bridging of tokens is done in a secure and decentralised manner.
- The goal is to provide DEX traders with the deepest liquidity available for all swaps of any tokens on supported chains.
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Solana’s Wormhole tech is a non-custodial cross-chain bridge overseen by guardians — of equal weight — who borrow authority from the Solana network to validate the swaps. Once the guardians approve the swap, a mint and burn process is enacted and the asset can move cross-chain. Atlas DEX works by charting the current price-info of DEXs on multiple connected chains. Then, when a user places an order, Atlas will aggregate liquidity across chains to provide users with the best price.
If the trading function can be kept constant, the trade will be considered a valid trade and asset quantities will be updated after a successful swap. Check out Raydium (RAY) — the decentralized exchange of the Solana blockchain. The price change for a specific period for Atlas DEX project – shows how the token’s value has changed over that period of time. Very useful Coin Swapping exchange, exchange any coin to other coin, I normally used it for swapping my high value coins against small value coins… However, it took two years to turn this idea into a usable product when Uniswap released the first implementation of this protocol in late 2018 as a constant function market maker.
Atlas is a cross-chain DEX built on the Solana blockchain with the main purpose of providing users with aggregated liquidity through a single user-friendly UI. It plans to be a DEX trader’s go-to platform to trade any token available through a list of supported exchanges. With Solana’s fast transactions and low fees, Atlas is able to provide several key features that makes it an attractive choice for traders by providing An Inside Look Into Finras Crypto Asset Work the best user experience and prices possible. Atlas DEX is a Decentralized Cross-Chain DEX aggregator that allows users to seamlessly trade cryptocurrencies across multiple chains. We currently support cross-chain swaps of over 1500 tokens from blockchains such as Ethereum, Binance Chain (BNB), Solana, Polygon, Avalanche and Fantom. Exchange of assets between multiple blockchains creates a liquidity problem.
Due to this built-in constant function validation within an AMM, there exists a slippage. Atlas DEX was founded by Ahmed Salam, a Danish computer scientist that has extensive work experience as a CTO, managing partner, founder, and solution architect across several companies. In total, Mr. Salam has worked for over 18 years in leadership positions designing business solutions for banks, pension companies, and other public and private institutions. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.