CandleFocus Big Leap for AGA: AgoraHub Strengthens On-Chain Liquidity with Strategic Partners
2024-11-10
Author: Content Editor
AgoraHub, in partnership with SwissBorg, BorgPad, and XBorg, has announced a strategic change to decentralize liquidity for its $AGA token. The company plans to list the token on decentralized exchanges (DEXs), beginning with Uniswap and subsequently SwissBorg. This decision was made due to low trading volumes on centralized exchanges (CEXs) like MEXC and Gate.io, which were unable to support high market making costs. Relocating to DEXs allows AgoraHub to avoid fees and deliver funds to community projects. DEXs are seen as more accessible and secure, aligning with AgoraHub's focus on transparency and decentralization. The $AGA token will remain active on Uniswap and future plans include its implementation on Solana. The gradual delisting from CEXs will allow users to transfer their tokens to compatible wallets. By prioritizing DEX liquidity, AgoraHub aims to create a more transparent and decentralized ecosystem in line with Web3 values and its long-term objectives.
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