AdEx Coin is the native cryptocurrency of AdEx Network, which aims to solve the fundamental problems of the online advertising industry. Established in 2017 as a decentralized advertising exchange, AdEx has evolved into a complete protocol for ad space and time transactions, as well as a system for verifying and proving ad delivery.
AdEx Network utilizes OUTPACE layer 2 payment channels on Ethereum for microtransactions and offers DeFi stake services with its native ADX token. ADX also serves as an auxiliary token to incentivize the verification process and ensure smooth operation of all advertising campaigns on the AdEx platform.
In January 2020, AdEx Network launched a staking portal, allowing ADX holders to earn rewards by staking their tokens. Initially, these rewards were limited to a portion of the verification fees paid for each campaign on the AdEx advertising platform. Later in September of the same year, it was expanded to include security mining and a Liquidity Pool was added shortly after using Chainlink price feeds.
AdEx Network was created by experienced entrepreneurs Ivo Georgiev and Dimo Stoyanov. This duo is also known for the Stremio media streaming platform, which has over 14 million users worldwide.
ADX Coin has recently exhibited a volatile performance graph. At the time of writing this article, ADX Coin is trading at $0.4203 and ranks 188th in terms of market capitalization according to CoinMarketCap, with a market value of $47,691,710. It is also noteworthy that ADX is trading at 0.00001327 BTC in the BTC trading pair.