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Ethereum Classic-RADEX: First decentralized platform on ETC

Simran Alphonso



Ethereum Classic [ETC] launches RADEX: First decentralized platform for ETC
Source: Pixabay

Ethereum Classic [ETC] announced the launch of the first decentralized exchange built on their platform. This exchange is developed by Saturn Network for ETC. The exchange is named ‘Radex’ and its launch is expected by the end of this week.

Ethereum Classic retweeted Saturn Network:

“Radex Classic the first decentralized exchange for $ETC will launch on Saturday or as we like to call it SATURNday!  #Radex #SaturnNetwork #EthereumClassic #ClassicIsComing #ETC #DEX #trading #crypto #cryptocurrency #altcoins #dApps #SaturnWallet #ERC223”

Ynnad, a Twitter user commented:

“ETC community making big moves, great work!”

ETC was the result of the DAO hack which led to a philosophical disagreement among the members of the Ethereum community. The disagreement led to a hard fork which created two different coins Ethereum Classic and Ethereum. Both cryptocurrencies share the same goals and vision.

Radex is the first ever 0% fee, decentralized exchange for ERC223 Tokens. The classic ERC20 tokens being upgraded with some advantages is what the lookalike release of ERC223 is about. This is a new token standard to the conventional. The exchange has two parts, the first is a smart contract handling all the financial transactions. The second part is a web application which ensures easy interaction with the smart contract.

Saturn Network, that is developing Radex, is a protocol that allows access to a decentralized order book in just one transaction. It requires no deposits and runs completely on the Ethereum blockchain, making it always accessible to everyone. Furthermore, it has been built with shared ownership in mind to ensure there are no imbalances of power; holding SATURN tokens means the holder is a part of the Saturn DAO.

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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.



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