Atlas DEX price 

ATS

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.

In total, Atlas DEX has produced a team of nine developers with a combined 22 years of blockchain development experience with major blockchains like Ethereum and BSC. Furthermore, the project has raised six million dollars from leading crypto venture capital funds like Huobi Ventures, Genesis Block Ventures, Solidity Ventures, Jump Capital, 3COmmas Capital, and more than half a dozen others.

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. Moreover, the fast transaction speed on Solana ensures near-instant execution at a low cost with high security.

For example, if a trader wants to execute an eight-figure trade on an illiquid asset, they would have to either:

1. Go through a centralized exchange.
2. Reduce their position size.
3. Or lose a significant amount of money to slippage (and sometimes all three).

Atlas DEX addresses this through its cross-chain support that currently supports Ethereum and Binance Smart Chain and will integrate other L1 and L2-chains in the future.

Furthermore, Atlas DEX plans to incentivize trading through its protocol by offering liquidity pools and permissionless listing of new trading pairs. Like at traditional AMMs, traders will be able to receive rewards in the protocol’s native governance token.

The ATS token has a total supply of 250 million according to the following distribution:

• Public Sale (1.07%): unlocked after one month
• Community incentives (6.93%): one year linearly.
• Liquidity and platform incentives (30%): dynamically allocated to liquidity pools
• Team and advisors (22%): one year locked, 30 months linearly.
• Private investors (20%): performance-based vesting.
• Treasury reserves (20%): unlocked over four months.

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.

Atlas DEX decided to build on Solana because the team felt that it is the only blockchain that can fluently bridge assets across chains without running into scaling problems. Its speed and security are able to sustain multiple cross-chain trades in the most cost-efficient manner. Moreover, Solana’s Wormhole Bridge allows bridging to other blockchains securely and in a decentralized manner.

Solana is a layer-one blockchain with a proof-of-stake consensus mechanism with partial Byzantine Fault Tolerance. Its 200 nodes can process up to 50,000 transactions per second. 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.

Check out Solana (SOL) — the high-speed blockchain Atlas DEX is built on.

Check out Raydium (RAY) — the decentralized exchange of the Solana blockchain.

Read our deep dive into Atlas DEX.

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