UNCHAIN X Introduction
Last updated
Last updated
Welcome to Unchain X Documentation. In this document, we introduce the features of Unchain X, an AMM (Automated Market Maker) protocol on the Binance Smart Chain (BSC) network, and the governance token UNX (Unchain X).
It is a pivotal DEX (Decentralized Exchange) protocol that has brought the decentralized finance (DeFi) market to the general public. Simply put, AMM replaces traditional order books with on-chain liquidity pools created by liquidity providers, supporting immediate token swaps between tokens.
UNCHAIN X is an AMM (Automated Market Maker) protocol based on the Binance Smart Chain (BSC) network. Unlike centralized exchanges (CEX), where there is central intervention, DEX (Decentralized Exchange) allows participants to exercise influence on growth through trading, liquidity provision, voting, and other means without central authority. UNCHAIN X aims to be a decentralized future financial platform capable of handling all forms of digital assets, including intellectual property, NFTs, real estate, and physical assets.
Unlike traditional centralized exchanges, decentralized exchanges enable direct peer-to-peer trading online without the need for separate intermediary companies. This ensures transparency of transactions as they can be verified by all users. Furthermore, transactions can be conducted using only wallet addresses, ensuring anonymity without the need for additional personal information.
Unchain X operates on the Binance Smart Chain (BSC) network, allowing users to swiftly swap desired coins with low transaction fees.
As a decentralized exchange, Unchain X is poised to evolve alongside the growth of the DEFI financial market, functioning transparently and reliably through DAO governance.
Governance participation is enabled through the UNX token. Unchain X, in association with UNX, holds significant scalability within the blockchain industry and plans to develop blockchain protocols beyond DEX to align with international regulatory frameworks.
At Unchain X, you can deposit assets based on the Binance Smart Chain (BSC) network to earn UNX, the governance token of Unchain X, as interest.
Unchain X allows participation in Unchain X governance by using UNX, the Unchain X governance token, to engage in decentralized decision-making.
In the Unchain X galaxy, there are numerous UNX stars. Like other galaxies, the Unchain X galaxy's ecosystem circulates and grows according to the principles of cosmic expansion.
Star → Demise of star → Particles → Aggregation of particles → Formation of new stars
