Elrond: Decoding reasons behind EGLD’s attempts to rally

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Elrond: Decoding reasons behind EGLD’s attempts to rally
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Elrond, a fast, scalable smart contract blockchain network witnessed an impressive amount of traction this week. In fact, the EGLD token’s price jumped by 9% over the last 24 hours of 3 July to tade around the $50 mark. Indeed, an impressive rise despite the weary market conditions at the moment. So the most pertinent […]

“We are thrilled to introduce Jungle DEX: an AMM platform where any ESDT tokens can be listed and traded. Powered by technology derived from the Maiar DEX, the Jungle DEX is a major step toward decentralization.”to become fully automatic and permissionless with the DEX governance features. Every project based on the Elrond ecosystem would get the opportunity to create a market for its token. While helping them to reach new audiences.

The AMM DEX elements of the Maiar exchange would serve the users a premium trading experience. The release mentioned a 1% swap fee for the projects. Meanwhile, the minimum initial liquidity would be $20,000.

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