In Plato’s Republic, Socrates painted a word picture about a cave imprisoning a group of homo sapiens, this reality-detached place allows them to see nothing but a blank wall (the Allegory of the Cave). These people observe on-wall shadows by objects passing in front of a fire behind them, and they give assuming names to these shadows. The prisoners' reality is thus the shadows, but they do not represent exactly the real world they live in. Socrates compares a philosopher to a prisoner who is set free from a cave and realizes that the shadows on the wall are not reality at all: a philosopher aims to be aware of and comprehend higher levels of reality. DeFi users are akin to philosophers engaging with a seemingly philosophically ideal yet manipulated financial system. We are, in a sense, philosophers outside the financial cave, on the path to realize how a possible version of future financial system based on blockchain technology could get the masses out of a tight spot. And on account of this, none of us will go back to our delusional cave.
We are fortunate to be in DeFi at the right time, and we have the opportunity to shape the financial future. At KAIDEX, we are hardcore believers in decentralizing the financial system and making it available to everyone regardless of geographic location, demographic variable, socioeconomic level, or technological understanding. We think that everyone should have access to financial services without concerning about privacy, restrictions, entry barriers, cyberattacks.
What are our plans for completing this task?
The blockchain industry and the desire for financial freedom is here to stay, the only certainty is how, not if, we will arrive at our goal of mass adoption. By blending the best of the blockchain and financial worlds together, we will create truly global and user-friendly decentralized solutions that appeal to both crypto veterans and newcomers.
KAIDEX V3 is pleased to announce the debut of our crowdfunding platform JETPad.
This program was originally created with the intention of serving as a go-to place for KAIDEX Launchpad initiatives. By granting power to community who will be evaluating all new projects that go onto JETPad and KAIDEX, the original idea and concept was to remove unauthorized projects via pushing decision-making DAO down the organizational hierarchy.
This notion is a huge leap from the "OG" decentralized exchange Uniswap, which allows any project owners to issue tokens on the platform, including dishonest ones with no intention of developing products and every intention of "pump-and-dump" during the token generation event or immediately thereafter. Illegal projects intentionally do this malicious act aka "rug pull" so frequently that over 50% of projects launched turn out to be scams (source). Due to the lack of vetting, unethical individuals can take advantage malicious code in smart contracts, such as minting functions and other flaws, to drain out hard-earn dollars from investors. This is a breach of the confidence that investors put in projects via new token purchase or liquidity providing. KAIDEX & JETPad will bring an end to this.
Welcome to KAIDEX V3
KAIDEX V3 is #1 Automated Market-making (AMM) Decentralized Exchange (DEX) on KardiaChain, a leading blockchain ecosystem in South East Asia. KAIDEX V3 is designed to supercharge Total Value Locked (TVL) on the KardiaChain Network and strives to be community-focused organization. Anyone providing liquidity on KAIDEX is rewarded with $KDX, a brand new governance token that gives holders control over the platform's future growth and development.