ADX (AdEx Network) Token Analysis 27/04/2021Fundamentals:
AdEx Network describes itself as a new-generation solution aiming to address and correct some of the most prominent inefficiencies of the online advertising industry.
AdEx originated in 2017 as a decentralized ad exchange and subsequently evolved into a full protocol for trading of advertising space/time and the subsequent verification and proof of ad delivery. It covers all interactions between publishers, advertisers and end users.
AdEx Network works through micropayments on Ethereum by utilising the OUTPACE layer 2 payment channels, and offers DeFi staking of its native ADX token.
The AdEx team also develops an open source platform built on top of the Ethereum implementation of the protocol, available at platform.adex.network Since the public launch of the platform in 2020, it has gained more than 4,000 registered users and has processed 800+ million micropayments on the blockchain.
ADX is the native utility token that is used for incentivizing validator uptime and ensuring the smooth running of all advertising campaigns on the AdEx platform.
Validators are appointed for each advertising campaign on the platform, and are responsible for processing the micropayments between publishers and advertisers through layer 2 payment channels. The more tokens are staked, the stronger the reliability guarantees of the validator network. As of late 2020, the staking APY is over 50%.
By using payment channels, AdEx ensures full transparency for all involved parties. Moreover, AdEx is using its own Layer-2 scaling solution called OUTPACE to facilitate micropayments per impression between its advertisers and publishers, processing more than 2,5 million transactions daily.
After successful beta tests, AdEx Network released the AdEx Platform in 2020 and scaled it to 7,000 registered advertisers and publishers generating more than 70 million monthly impressions. In August 2020 AdEx started incentivized staking and liquidity providing programs for the $ADX token, interacting with the DeFi ecosystem and engaging its community into actively supporting the stability of the AdEx Platform.
in January 2020, AdEx Network launched the company’s staking portal, where ADX holders can receive rewards for staking their tokens. These rewards were initially limited to a portion of the validator fees paid per campaign on the AdEx advertising platform. In September the same year AdEx staking was expanded to include security mining as well, and soon after a Loyalty Pool was added too, using Chainlink price feeds.
learn more on staking here:
www.adex.network
AdEx Network was created by Ivo Georgiev and Dimo Stoyanov - seasoned entrepreneurs with a track record. The duo is also the powerplant behind the media streaming platform Stremio that has 14+ million users around the globe.
Today, a team of 20 professionals works on the AdEx Network advertising platform and staking ecosystem
Adex Network launched on June 30, 2017 with 100,000,000 ADX tokens created at that date. In September 2020, the company team performed a token upgrade that allowed for an additional 50 million tokens to be minted. To date, the total number of coins in circulation is 114,160,982 ADX.
The live AdEx Network price today is $1.38 USD with a 24-hour trading volume of $4,379,738 USD. AdEx Network is up 10.34% in the last 24 hours. The current CoinMarketCap ranking is #302, with a live market cap of $161,978,711 USD. It has a circulating supply of 117,708,550 ADX coins and a max. supply of 150,000,000 ADX coins.
ADX is available on some of the largest exchanges in the world: - Binance: ADX-ETH, ADX-BTC - Bittrex: ADX-ETH, ADX-BTC - Upbit Korea: ADX-KRW - Huobi: ADX-BTC - HitBTC: ADX-ETH, ADX-BTC, ADX-USD - Folgory: ADX-ETH, ADX-USDT - 1inch.exchange - Uniswap V2 - Mooniswap - SushiSwap: ADX-ETH - WazirX: ADX-USDT - CoinDCX: ADX-BTC - IDEX: ADX-BTC - Fatbtc: ADX-ETH - VCC Exchange: ADX-ETH, ADX-BTC - Balancer: ADX-yUSD
Technical Analysis:
This Token has done its Initialization and Accumulation phase and has shown some impulsion and currently is at the retracement to the Fibonacci Golden Zone of the Entire impulsive cycle.
There are few Support Areas below the current price defined by Fibonacci Retracement which can be considered as the very critical point for trend Reversals from Bearish retracement to Bullish Rally...
There are total of 3 Targets defined by Fibonacci Projection of the Impulsion and its Parallels Legs levels confluences with the past Price Action Levels.
Both 1 and 2 TP are having Strong Confluences with Price's past behavior, so they have significant importance in the Future UP Moves.
The 3 TP gets its Confirmation as the price triggers the 2 TP followed by some distribution and retracement for better price correction and Impulsive UP Move's Reaccumulation...
