Cryptocurrency Platform Immortalizes Much-Loved Cat
What do Genghis Khan and Gandhi have in common? On the surface very little, but in reality both will be forever immortalized in history. And even many far less famous people will leave some form of legacy, even if it’s just in the form of a simple bench or plaque in their local neighborhood. But how many animals achieve such status? Well, the founders of Afradex, a new cryptocurrency exchange platform have set out to immortalize one such companion, a feline named Afra.
Afradex is a decentralized cryptocurrency exchange (DEX) which allows for cross-chain swaps between a selection of popular EVM-compatible blockchains (including Ethereum, Polygon, Binance Smart Chain and Arbitrum), and even supports decentralized trading of Bitcoin and Litecoin when using dYdX Wallet. Afradex utilizes liquidity from established DEX platforms to enable users to not only swap cross-chain, but also get the best possible rate. Users are able to adjust the slippage rate to determine their tolerance, which is set to just 1% by default.
While Afra is up to chasing her catnip-laced toys up and down, Afradex is conducting ever growing number of transactions per day. Security and privacy are at the forefront of the Afradex, with no registration or Know Your Customer (KYC) submission required at any stage of the swapping process, thanks to the decentralized nature of the platform. Meanwhile, users have full control over the pathway of a given swap with transparent information about the bridging and DEX services utilized, as well as the total slippage, and estimated transaction fees and times.
Afradex features native support for dozens of popular wallets, including Metamask, Trust Wallet and Ledger. Thanks to Afradex’s partnership providers, there is also the ability to buy crypto with 17 different fiat currencies (including USD and EUR), via credit card and bank transfer. There is also a the ability to exchange cryptocurrencies unavailable via the DEX, such as Monero, Solana and Tron, again without an account or KYC, a service which is available to users worldwide.
To compliment Afradex, the team have also launched Afradex token ($AFRA). $AFRA is built on the Polygon network which was chosen for its fast transaction speeds, low transaction fees, environmentally-friendly credentials and EVM-compatible ecosystem. The number of $AFRA tokens has been set at 999,999,999 with no tax, no minting and no burning. This will ensure a forever-fixed supply to give certainty to potential investors. Ownership of the token has been renounced so the contract cannot be amended.
There has been no pre-sale and the first 5% of $AFRA tokens were made available for purchase on SushiSwap and DEX aggregators on 28 August 2024, with an initial market cap set at $100k. Token supply will gradually increase on a monthly basis until 100% has been released to public sale by 1 May 2026. Whilst primarily a meme coin, the team have indicated they are exploring options for utility in the future, meaning holders may be able to take advantage of a range of benefits.
Afradex welcomes anyone to its platform, from the crypto newbie looking to dip their toes in trading for the first time, to whales wanting to exchange large sums quickly and with minimal fees.
Discover more about Afradex and $AFRA token at afradex.com.