Community-backed decentralized exchange Lunex Network is about to turn the DeFi space upside down with its groundbreaking framework. According to experts, it’s already on track to outperform Binance and Uniswap.
Binance’s ongoing legal battles and often unclear or downright suspicious activities have been turning users away, while Uniswap’s first-mover advantage could be put to the test as investors move over to Lunex Network.
Binance Accused Of Hack, Denies Responsibility
Binance denies responsibility for user funds lost in the July Wazirx cyberattack, asserting that the accountability lies with Wazirx’s management under Zanmai and Zettai. The exchange claims it had given Wazirx ample notice to withdraw user funds from Binance wallets prior to the attack.
Experts don’t think that there’s more to this story, although Binance is not new to this kind of controversy. Meanwhile, Ex-Binance CEO Changpeng Zhao’s four-month prison sentence will end on September 29, and analysts warn that a spike in volatility could be on the cards as investors ‘sell the news.’
Currently, Binance Coin is selling for $542 with a 5.6% weekly increase. BNB has been hovering around this mark for a while now, but analysts believe that it could soon change course and push toward the $600 resistance, with Binance bulls ready to capitalize on the CZ news.
Uniswap Tokens Are Fully Unlocked What Does This Mean?
The Uniswap (UNI) four-year token unlock schedule is now complete and 100% of the governance tokens are transferable. 600 million UNI tokens are now in circulation out of the 1 billion supply. Uniswap is exploring the possibility of sharing a portion of the fee revenue with UNI holders, a mechanism not dissimilar from what Lunex will offer, albeit less complex and probably less lucrative.
Uniswap is priced at $6.56 with a 2.6% weekly decrease. Uniswap moved in a narrow channel in early August, with its price ranging between $5.50 and $7.40. Despite the current price stagnation, with $2.7 billion in total value locked, Uniswap is still the biggest decentralized exchange on the market.
Lunex Network Will Print Millionaires In 2025
Lunex Network is a community-backed decentralized exchange designed to bridge the gap between isolated blockchains and will allow users to trade more than 50,000 different assets.
The project adopts instant swaps and low fees whilst handling the main issues regarding liquidity and slippage. Lunex also employs a no-KYC policy, allowing users to protect their privacy while interacting with the exchange. To make an exchange individuals simply request the currency pair they want to swap and provide a receiving address, no documentation is held by Lunex allowing all users to interact anonymously.
Lunex Network will offer an exclusive DeFi crypto wallet and an asset manager feature, allowing users to track not only their LNEX profits but their entire investment portfolio. Moreover, veteran investors will be happy to know that Lunex PRO, a special subscription service has a plethora of advanced tools and additional options to help them seamlessly capitalize on market movements.
Lunex holders will be eligible for recurring rewards as the platform redistributes a portion of its weekly revenue, resulting in a substantial 18% APY.
Institutional investors will also be catered to, as Lunex is developing an interoperable blockchain bridge for B2B solutions. This protocol will allow businesses to accept cryptocurrencies and instantly swap them into fiat money, bolstering crypto adoption across the globe.
Currently, $LNEX is selling for just $0.0012, and half of the total supply will be up for grabs during the presale. An 18x rally is expected by the end of the final stage of the presale, and once $LNEX is available for trading, experts anticipate another 50x multiplier.
There has never been a better time to get involved than now! Don’t miss out!
Find out more information regarding Lunex Network Below:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Source: https://blockchainreporter.net/lunex-possesses-all-of-the-qualities-to-become-the-next-binance-killer-as-it-aims-to-remove-uniswaps-dominance/