FAQ

What is a Cardano DEX?

A Cardano DEX is a decentralized exchange (DEX) that operates on the Cardano blockchain. It allows users to trade Cardano native tokens without the need for an intermediary.

How does a Cardano DEX work?

Cardano DEXs typically use one of two models: the automated market maker (AMM) model or the order book model.

What are the benefits of using a Cardano DEX?

Cardano DEXs offer several benefits over centralized exchanges (CEXs), including:

• Decentralization: Cardano DEXs are not controlled by any single entity, which makes them more resistant to censorship and manipulation.

• Security: Cardano DEXs are built on the Cardano blockchain, which is known for its security.

• Privacy: Cardano DEXs typically do not require users to create an account, which can help to protect their privacy.

How do I trade on a Cardano DEX?

To trade on a Cardano DEX, you will need to connect a Cardano wallet to the DEX. Once you have connected your wallet, you can select the tokens you want to trade and enter the amount you want to trade.

What are the fees for trading on a Cardano DEX?

Fees for trading on a Cardano DEX vary depending on the DEX. However, fees are typically lower than fees on CEXs.

What is slippage?

Slippage is the difference between the expected trade price and the actual trade price. Slippage can occur due to volatility in the market or a lack of liquidity in the trading pool.

How secure are Cardano DEXs?

Cardano DEXs are generally considered to be secure. However, it is important to be aware of the risks of using a DEX, such as scams and phishing attacks.

How can I protect myself from scams and phishing attacks?

To protect yourself from scams and phishing attacks, you should:

• Never click on links or download files from unknown sources.

• Verify the URL of the DEX you are using before entering any personal information.

• Use a strong password for your Cardano wallet.

• Store your private keys securely.

What is the future of Cardano DEXs?

The future of Cardano DEXs is bright. As the Cardano ecosystem continues to grow, we can expect to see more Cardano DEXs emerge and offer even more features and functionality.

What is an ISPO?

ISPO stands for Initial Stake Pool Offering. It is a new and innovative way for projects to fund their development on the Cardano blockchain. In an ISPO, project teams incentivize users to stake ADA to their stake pool by distributing the project's native tokens to stakers. This allows projects to raise funds without having to conduct a traditional initial coin offering (ICO) or sell their tokens to venture capitalists.

How does an ISPO work?

Project team creates a stake pool: The project team creates a stake pool on the Cardano blockchain.

Users stake ADA to the pool: Users stake ADA to the project team's stake pool.

Project team distributes tokens: The project team distributes their native tokens to stakers in proportion to the amount of ADA they have staked.

What are the benefits of participating in an ISPO?

Earn project tokens: Stakers can earn project tokens, which can potentially appreciate in value.

Support early-stage projects: Stakers can support early-stage projects that they believe in.

Help to secure the Cardano network: Staking helps to secure the Cardano network and earn ADA rewards.

What is an ISPO?

ISPO stands for Initial Stake Pool Offering. It is a new and innovative way for projects to fund their development on the Cardano blockchain. In an ISPO, project teams incentivize users to stake ADA to their stake pool by distributing the project's native tokens to stakers. This allows projects to raise funds without having to conduct a traditional initial coin offering (ICO) or sell their tokens to venture capitalists.

What are the risks of participating in an ISPO?

Project token may not appreciate in value: The project token may not appreciate in value, or it may even lose value.

Project may not succeed: The project may not succeed, and stakers may lose their investment.

Stake pool may not be performant: The stake pool may not be performant, and stakers may earn fewer ADA rewards.

How do I participate in an ISPO?

Choose a project you believe in: Do your research and choose a project that you believe in and has a strong team.

Set up a Cardano wallet: If you don't already have one, set up a Cardano wallet.

Stake ADA to the project's pool: Stake ADA to the project's stake pool.

How long does an ISPO typically last?

ISPOs typically last for several months.

How do I claim my project tokens?

You will typically be able to claim your project tokens once the ISPO has ended.