PRESS RELEASE. SundaeSwap (SUNDAE) has been added to the list of tradable assets supported by leading cryptocurrency exchange Bitrue. This development comes at a time when the launch of SundaeSwap on Cardano (ADA) was met with many technical issues such as congestion which still continue even now. Still, Cardano developers have stated that fixes are being made and regular operations shall continue as soon as possible.
SundaeSwap may best be understood as a decentralized trading protocol, token-staking platform and DEX powered by the Cardano network that has grown in popularity since its initial release in January of this year. In the week leading up to its introduction, the price of ADA, the native token of the Cardano blockchain, increased by about 50%.
Bitrue’s relationship with Cardano
Bitrue has a long history of working with Cardano projects. With the debut of OccamFi in June 2021, they were the inaugural exchange to enable trading for Cardano native assets, and they were also the first exchange to support community stake pools with contributions of 2,000,000 ADA delegated to pools operated by trustworthy community members.
“We are excited to promote Cardano as one of the industry’s top chains, as we envision a tremendous number of interesting new tokens using the outstanding speeds and throughput that Cardano is able to handle,” stated Adam O’Neill, Bitrue’s Chief Marketing Officer.
Listing SUNDAE
SUNDAE, in particular, is a token that Bitrue is delighted to support. SundaeSwap is the very first project to employ Cardano’s new smart contract technology. Mr. O’Neil believes that it is an ideological leader in offering fair financial services to people globally via decentralized networks.
On February 14th, 2022, a SUNDAE/USDT
