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Atlas DEX news
Atlas DEX Token Unlocks
About Atlas DEX
What Is Atlas DEX (ATS)?
Atlas DEX is a decentralized cross-chain DEX aggregator, allowing users to trade cryptocurrencies across multiple chains. This is possible on centralized exchanges, but comes with a number of pitfalls: although centralized exchanges offer bridges to transfer assets between different blockchains, they suffer from the same problem as traditional finance: fragmentation, centralization, and counterparty risk. Atlas DEX tackles the problem of cross-chain liquidity fragmentation, which prevents traders from executing trades where they might lose capital to slippage.
Atlas DEX promises to solve this by integrating Solana’s Wormhole bridge into its protocol, which provides traders with aggregated liquidity through a single user-friendly UI. The protocol aspires to be the go-to solution for traders on decentralized exchanges to execute trades in the most capital-efficient manner.
After launching cross-chain swaps from Ethereum, Polygon, and BSC to Solana this quarter, its roadmap envisions further integration with Terra and Avalanche. In the latter half of 2022, Atlas will launch liquidity pools and farms, integrate other blockchains, and launch an NFT marketplace and a launchpad.
Who Are the Founders of Atlas DEX?
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.
What Makes Atlas DEX Unique?
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:
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.
How Many Atlas DEX (ATS) Coins Are There in Circulation?
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.
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.
How Is the Atlas DEX Network Secured?
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-stakeconsensus 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.
Can Atlas DEX Reach $1?
Atlas DEX reached $1 shortly after its launch in the last week of January 2022. At the time of writing, ATS has resurged 67% from its all-time high. That being said, the protocol’s unique value proposition makes a full rebound to $1 an entirely realistic price target.
The live Atlas DEX price today is $0.002863 USD with a 24-hour trading volume of $1.58 USD. We update our ATS to USD price in real-time. Atlas DEX is down 0.06% in the last 24 hours. The current CoinMarketCap ranking is #7923, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.