DeFi

The Cardax Team Looks To Give Back To The Cardano Community Through Meaningful Educational Efforts

Cardax looks to establish itself as one of the strongest decentralized exchanges (DEXs) on Cardano and is a leading influence behind DeFi development in the Ethereum alternative.
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Nearly everyone would agree that the crypto industry has skyrocketed over the past decade or so, and one project in particular that has been gaining considerable traction is Cardano (ADA). Specifically, there is one aspect about Cardano that must be discussed, namely Cardax. In particular, we need to talk about Cardax Academy, an education platform that aims to give back to the Cardano community.

What is Cardax?

Cardax looks to establish itself as one of the strongest decentralized exchanges (DEXs) on Cardano and is a leading influence behind DeFi development in the Ethereum alternative. Cardax is considered as a top DeFi initiative on Cardano, with more traders eager to participate in the sector as time goes on.

To that end, Cardax claims to offer the solution to today’s ever-present concurrency issues, which is a common problem in this space. As a result, it has developed a new general-purpose algorithm that may be capable of fixing any concurrency-related problems with Cardano’s blockchain. Cardax’s major goal in this project is to thus help improve user experience and overall effectiveness. To that purpose, it created ‘Streaming Merge,’ a new algorithmic method that solves concurrency difficulties and improves scalability in a novel way.

What is Cardax Academy?

With the Cardax Academy’s Cardax aims to educate and give back to the Cardano community as aforementioned. The team intends to produce as much educational and informative content as possible regarding the Cardano ecosystem. This content is intended for both newcomers to crypto and those looking for more in-depth knowledge on topics such as what the Djed stablecoin is, what DeFi entails, understanding ISPO and the Hydra solution, and so much more.

Similarities to other initiatives

In a way, the educational initiative is very similar to that of the Project Catalyst Course which is powered by Cardax. According to Charles Hosinkson, Project Catalyst is the world’s biggest DAO. It is a set of experiments designed to generate the highest levels of communal creativity. It offers on-chain governance to the Cardano blockchain by allowing the community to set its own development goals. It also enables members to commit funding to initiatives which solve challenges and capitalize on opportunities that arise during the Cardano life cycle.

Furthermore, Project Catalyst includes ‘Voters,’ ‘Proposers,’ and a ‘Community Advisor,’ as well as finances, resources, tools, data, bounties, and more, all of which are intended to give back to the Cardano community. The Project Catalyst Course teaches how to submit a successful proposal.

The Cardano Podcast is yet another similar endeavor to that of the Cardax Academy. Essentially, all of these are free initiatives from Cardax that are designed to help Cardano’s community. By sharing a wide range of skills, knowledge and expertise, the team can thus help grow the Cardano ecosystem in a meaningful way.

Lastly, Cardax is also offering a lottery wherein people can win 10,000 CDX tokens upon joining and following a few simple steps. The winners shall be announced on May 6th, 2022, so remember to mark you calendars and also follow Cardax on Twitter and Telegram for more information and regular updates.




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Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@blockonomi.com

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