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On the 20th, Korea’s first Huobi Ecochain (HECO)-based DeFi platform KDXswap was officially launched.
KDXswap started initial development and planning from the third and fourth quarters of 2020, and the development was finalized in February 2021, and aims to foster and develop 10 major DeFi projects through KDX Dao in the future.
KDX Dao plans to systematically promote the global DeFi and Yield Farming ecosystem through basic education on DeFi and community formation by region(country). It plans to operate a project incubation hub separately to create initial project acceleration and angel investment funds.
In addition, KDX Dao announced that KDXswap’s governance token KDX will be listed on BigONE Global Exchange which is one of 10 Huobi Ecochain alliance exchanges, at 6 PM (UTC+9) on the 26th to attract global users.
Meanwhile, KDXSwap recorded a market deposit of $2.16 million and a trading volume of $1 million in the first day of its official launch (based on data on the 21st).
