Cardax is a distributed trading platform that will use the EAMM protocol to operate. The goal is to increase the trading volume of Cardano native tokens issued by various initiatives. With the introduction of native tokens and multi-asset functionality via the Mary hard fork on Cardano’s main net, there is a pressing need to create a native exchange. Cardano’s Goguen period release will also make smart contracts available, opening the door to the creation of decentralised applications.
Big steps like these will allow Cardano to be put to fascinating use in the business world. Cardano’s native exchange will fill in some of the trading ecosystem’s holes and solve some of its problems. Cardax will add a number of useful features and capabilities to the Cardano network.