NSAV, a cryptocurrency, blockchain and digital asset technology company, launches its Decentralized Cryptocurrency Exchange (DEX) NSAVDEX.
NSAV is a wholly owned subsidiary of the U.S. based publicly traded company Net Savings Link, Inc. (OTC Pink: NSAV).
In August, Net Savings Link launched NSAV cryptocurrency exchange becoming the second U.S. publicly traded company to own a Cryptocurrency Exchange, following the Coinbase IPO.
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NSAVDEX
NSAV states in a press announcement that the NSAVDEX marks a major milestone for the NSAV Ecosystem. The company believes that the new DEX will provide its users with a colony range of DEX services.
The NSAVDEX claims to have among the highest technical specifications and standards in the DEX industry.
NSAVDEX is a permissionless fully decentralized exchange (DEX) platform. With NSAVDEX users can Swap, Mining Pool, Liquidity, and trading. NSAVDEX has 1 second finality and can support up to 10,000 transactions per second (TPS) through Tendermint.
The NSAVDEX decentralized exchange will be governed by the community. The company will soon announce the governance details.
NSAVDEX allows users to trade digital market assets with a 100% gas fee refund with the NSBC token (zero gas fees).
NSAVDEX is scalable and individuals can access unlimited markets with the NSAVDEX exchange. The NSAVDEX has Inter-Blockchain Technology (IBC) in its protocol.
DEXes Are Booming
The combined total of all DEXes is surging at the moment, as the demand for DeFi has remained resilient. September’s volume alone exceeded $78 billion.
NSAV believes that they can compete in the DeFi space due to their management and partners who are are pioneers in the Digital Asset and Blockchain industry.
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner, said:
“Today marks another important milestone for NSAV. The new management has been extremely busy with the task of building the NSAV ECOsystem and today we celebrate the completion of our NSAVDEX Exchange and demonstrating, once again, our dynamic strategy.”
NSAV’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries.
In September, NSAV launched its Premium OTC Crypto Trading Desk. OTC crypto trading desk offers private and personalized service to institutions and HNW individuals that trade large blocks of cryptocurrency.
Over time, the NSAV plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.