Frequently Asked Questions

These are the most typical questions we get. Is your question not on the list? Please ask us directly in our Discord.

What is Cardax?

Cardax is a decentralized exchange that allows users to trade tokens from different blockchains.

What problem is Cardax solving?

Until now, people that owned Cardano native tokens could not trade them for stablecoins like USDT or USDC. With Cardax, they can. Folks who had SOL couldn't sell them for ADA and vice versa. Now they can.

Is the Cardax DEX on Milkomeda audited?

We are using the Uniswap V2 Smart Contracts, which have been independently audited by several industry-leading auditing companies. See Uniswap V2 Audit Report
The validity of on-chain deployed contracts can be verified on launch, simply by comparing their bytecode to our GitHub repositories.

What fees does Cardax charge?

There is a 0.3% fee for swapping tokens. This fee is divided by liquidity providers, proportional to their contribution to liquidity reserves. Swapping fees are immediately deposited into liquidity reserves.

When is Cardax DEX launching?

Cardax launched on November 22, 2022.

What are the differences between Cardax and other DEXs?

Other dexes specialize in one blockchain. Cardax is different in that you can trade tokens from different blockchains in one single place, in a decentralized way.

Will Cardax do a token sale?

We already did two tokens sales. It is now closed.

Was Cardax built with Hydra?

No, Cardax was built on Milkomeda, not on the Cardano blockchain. But on Cardax you can do something that you can't on any Cardano DEX. Cardax DEX allows you to trade ADA for USDC or USDT (as well as ETH and any other ERC-20 tokens).