Toncoin Ecosystem Expands with Elluminex: A New Decentralized Exchange Targeting Massive User Base
TL;DR
Elluminex aims to tap into Telegram's 950-million user base, potentially leading to incredible rallies, making it a lucrative opportunity for savvy crypto enthusiasts.
Elluminex introduces cross-chain bridging for nearly instant transactions, aggregating liquidity to minimize delays and fees, enhancing user experience and flexibility.
Elluminex empowers users with self-custody, removing reliance on intermediaries and providing anonymity, while offering staking rewards and early access to new projects.
Notcoin, despite recent struggles, could benefit from Toncoin's bullish news and resurgence of the crypto gaming narrative, potentially regaining ground in the near future.
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The TON Blockchain is poised for significant growth in 2025 with the introduction of Elluminex, a decentralized exchange (DEX) designed to overcome existing cryptocurrency trading limitations. With over 100 million active addresses, Toncoin has rapidly emerged as a fast-growing Layer 1 blockchain, primarily known for its viral Telegram-based gaming platforms.
Elluminex introduces several innovative features that differentiate it from existing DEX platforms like Uniswap and PancakeSwap. Its advanced cross-chain bridging mechanism enables near-instantaneous transactions across different blockchains, aggregating liquidity to minimize transaction delays and reduce slippage.
A key distinguishing factor is Elluminex's commitment to user autonomy. The platform maintains self-custody principles, allowing traders complete control over their assets without mandatory Know Your Customer (KYC) verification. This approach prioritizes user privacy and reduces intermediary dependencies.
The native $ELX token powers the Elluminex ecosystem, offering staking rewards projected at 18% Annual Percentage Yield (APY). Additionally, token holders gain access to an exclusive over-the-counter platform for purchasing new TON-based projects before public release.
This development coincides with significant Toncoin updates, including the v2024.10 network improvement and Telegram's recent announcement of Toncoin as its exclusive cryptocurrency for Mini App blockchain wallet integrations. These strategic moves position Toncoin to leverage Telegram's massive global user base and potentially revolutionize blockchain accessibility and utility.
Curated from News Direct
