The ADX Token
What is ADX?
ADX is the Ambire AdEx native coin. It’s an ERC-20 token with a limited supply - there could be no more than 150,000,000 ADX minted in total, of which 142,000,000 are already circulating.
The token contract address is 0xADE00C28244d5CE17D72E40330B1c318cD12B7c3 and you can review the actual contract here.
What Is the Role of ADX?
The ADX token is used for staking, the process of locking a certain amount of ADX in order to increase the trustworthiness of the validators in the platform by ensuring they have skin in the game.
Validators are essential for the proper functioning of our advertising platform and the Ambire AdEx ecosystem in general.
A validator is appointed for each side of the advertising campaign and they are responsible for processing micropayments per impression on the platform.
Misbehaving validators are subject to economic penalties (slashing) and thus have incentive to ensure they run uninterruptedly. The more tokens are staked, the stronger the reliability guarantees of the validator network.
Effectively, staking allows for Ambire AdEx users to have governance over validators and enables better transparency, reliability and decentralization of the entire process.
How can I get ADX?
ADX can be acquired on some of the largest crypto exchanges in the world.
What can You Do With Your ADX?
Hold it in a secure wallet
Stake it for rewards and passive DeFi income
Trade it on crypto exchanges
Provide liquidity on automated market makers (AMMs)
Keep it in Ambire wallet and receive special ADX staking bonuses