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Elrond Introduces Jungle DEX

Twitter icon  •  Published 3 years ago on July 4, 2022  •  Hassan Maishera

Beniamin Mincu, the founder and CEO of Elrond network, announced the launch of Jungle DEX via a tweet on Friday.

Elrond Introduces Jungle DEX

Beniamin Mincu, the founder and CEO of Elrond network, announced the launch of Jungle DEX via a tweet on Friday. According to Mincu, Jungle DEX is a playground for web3 innovation. Jungle DEX is an experimental platform with open listing rules to ensure that any project can experiment, attract liquidity, and build a community, he added. 

Elrond is a high-throughput public blockchain focused on providing security, efficiency, scalability, and interoperability by employing two key elements: Adaptive State Sharding and a new Secure Proof of Stake ("SPoS") consensus mechanism.

EGLD is up by more than 1% today and is trading at $51.34 at press time.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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