Ambire is the new name of AdEx Network, which describes itself as a next-generation solution for digital advertising and a DeFi focused crypto wallet. Ambire emerged in 2017 as a decentralized advertising platform, which was later expanded to a full protocol for the advertising space. Later, the team added the Ambire wallet to the company portfolio.
What is Ambire AdEx (ADX)?
The Ambire AdEx protocol covers all interactions between publishers, advertisers and end users. It works through micropayments on Ethereum using OUTPACE layer 2 payment channels and offers DeFi staking of the native ADX token.
The Ambire team has also developed an open source platform built on top of the Ethereum implementation of the protocol. Since the platform went public in 2020, it has gained more than 16,000 registered users and processed billions of micropayments on the blockchain.
ADX is the native utility token used to incentivize validator uptime and ensure that all ad campaigns run smoothly on the Ambire AdEx platform.
Validators are assigned for each ad campaign on the platform and are responsible for processing micropayments between publishers and advertisers through layer 2 payment channels. The more tokens are staked, the stronger the reliability guarantees of the validator network. In late 2021, the staking APY was over 45%.
In January 2020, Ambire launched the company’s staking portal to support the work of the advertising platform. With this option, ADX holders can receive rewards for staking their tokens. These rewards were initially limited to a portion of the validator fees paid per campaign on the Ambire AdEx advertising platform. In September of the same year, staking was expanded to include mining, and a Loyalty Pool using Chainlink price feeds was added shortly after.
Ambire Wallet is a full-featured cryptocurrency wallet designed to simplify and democratize using crypto and DeFi tools in everyday life. Designed for both inexperienced and experienced users, it offers accessible UX, seamless onboarding, automated gas management, hardware wallet support and much more. Ambire Wallet is described as the easiest and simplest way to enter the world of decentralized finance and cryptocurrencies.
ADX Coin Review
Ambire was created by Ivo Georgiev and Dimo Stoyanov, experienced entrepreneurs with a successful track record. They are also behind the media streaming platform Stremio, which has more than 18 million users worldwide. Today, a team of 20 professionals is working on the Ambire advertising platform and the DeFi wallet. Therefore, the interest and relevance of ADX Coin may also come from the strength of the team.
How to Buy ADX Coin?
ALPHA Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy ADX Coin, you first need to become a member of Binance and then send fiat money. After sending a fiat currency such as Turkish Lira or dollars, the purchase can be made on the Bitcoin (BTC), BUSD, Ethereum (ETH) and Tether (USDT) ADX trading pair where ADX Coin is traded.
In addition, on Binance, users can place purchase orders not only at market value but also at lower values, allowing users to buy at any price they want. Simply use the Limit tab and enter the amount you want to buy and the price you want to buy at.
