Politicoin launches on VeriDEX
VeriDex is an open-source DEX running on 0x smart contracts and is connected to the 0x mesh network relayer with trading, swap and market making tools and is featured on the DeFi List
PUBLICAE agrees and shares the values of VeriDex that decentralisation is a new way of governing people, digitalising trust and decision making. Veridex is a wallet-to-wallet non-custodial trading platform that helps people to sell and buy any ERC20 token. The Exchange does not hold any Tokens as it is only providing services to its customers in open trading platform.
VeriDex is an investment firm in Brazil who has the goal to create a fleet of investable products that will give investors exposure to the emerging digital currency asset class, based on blockchain. The team behind VeriDex are a market making company who provides bids and come up with prices to correspond to certain marketable securities and utilities such as in the case of cryptocurrencies. They are tasked to provide sufficient liquidity to reduce and balance out price volatility and be able to buy and sell the said marketable securities and utilities for fair and reasonable prices. They provide services to projects by preventing assets to be illiquid, avoiding short-term volatility and allowing instant transactions for traders.
What is DeFi?
DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it’s financial software built on the blockchain that can be pieced together
What’s the purpose of DeFi Pulse?
DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. DeFi rankings track the total value locked into the smart contracts of popular DeFi applications and protocols.
Total Value Locked (USD) in DeFi is $1.71 Billion Dollars!
How do we calculate total value locked (TVL)?
DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, they refresh their charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD.
The PUBLICAE IEO Listing offers users the possibility to buy Politicoin through the VeriDex Exchange service: