What is El Dorado Exchange (EDE)

El Dorado Exchange or EDE is a decentralized spot and perpetual exchange. It focuses on becoming the go to place for on chain decentralized social trading. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (EDE/USDT – Trade it here) on our Innovation Zone! Check it out now!

What is El Dorado Exchange (EDE)
What is El Dorado Exchange (EDE)

How Does El Dorado Exchange Work?

El Dorado Exchange is a decentralized spot and perpetual social trading platform that prioritizes user security and stable investor returns. All interactions on EDE happen on-chain to ensure transparency and security.

The trading process is supported by three unique multi-asset pools that allow liquidity providers to earn fees from market making, swap fees, and leverage trading. Chainlink Oracles and a collection of prices from leading volume exchanges enable dynamic pricing, ensuring accuracy and up-to-date information.

At EDE, they believe that trading is better together, which is why they promote social trading. The platform encourages traders to work collaboratively and learn from one another.For token holders, EDE offers three types of tokens: EDE, gEDE, and EUSD. For liquidity providers, ELP is available as a means of earning fees. Finally, traders can access the platform for seamless trading.

ELP Pools in El Dorado Exchange

ELP tokens are used for swaps and leverage trading and consist of an index of assets. These tokens can be minted using any index asset and burnt to redeem any index assets. There are three ELP pools, each with different assets that can be used to mint different ELP tokens, including $ELP1, $ELP2, and $ELP3. Although the three ELP tokens have the same function, they differ in their potential revenue.

60% of the protocol revenue will be distributed to ELP token holders and stakers in the form of $EUSD, while stakers will also receive extra $alphaEDE rewards. Holders of ELP tokens can choose to stake their tokens to receive additional $alphaEDE rewards.

It’s important to note that the protocol revenue distributed to ELP token holders is based on the number of tokens held, minus the network costs of keepers. Typically, keeper costs account for around 1% of total fees.

Overall, ELP tokens provide a convenient way to participate in swaps and leverage trading and offer holders the opportunity to earn $EUSD and $alphaEDE rewards.

Where to buy EDE Token

You can find EDE Token here at MEXC! We are listing EDE/USDT in our Innovation Zone!

What is the Price of EDE Tokens?

The price of the EDE token is coming to MEXC soon! You can check the live price of their token right here!

How to buy EDE Tokens

You can buy EDE Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “EDE” using the search bar to see the available trading pairs. Take EDE/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of EDE you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy EDE] to confirm your order. You will find the purchased EDE in your Spot Wallet.

You can find a detailed guide on how to buy EDE Tokens here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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