AgoraHub has declared a strategic change in its ecosystem, which will be aimed at decentralizing $AGA token liquidity by listing on DEXs only, starting with Uniswap and subsequently, SwissBorg. This strategic decision echoes with the vision of its partners, namely SwissBorg, BorgPad, and XBorg, and pursues the goal of implementing Web3 values such as transparency, cost-efficiency, and control over liquidity.
🥳 Exciting News for Agorians!
We’re taking $AGA to the next level with a shift towards centralized on-chain liquidity, focusing on DEXs to boost transparency and community control!
This evolution, aligned with our partners @swissborg, @BorgPadHQ, and @XBorgHQ, reinforces our… pic.twitter.com/Pi2LYDpuXA
— Agora – Web3’s Opportunity Arena (@AgoraHub_io) November 8, 2024
Why Move to DEXs?
AgoraHub’s choice comes from low trading volumes on CEXs such as MEXC and Gate.io, which are now unable to support the high market making costs. This way, relocating to DEXs, Agora excludes those fees, let alone money will be properly delivered to community projects. DEXs are also more accessible worldwide compared to CEXs and are more oriented toward security and decentralization, which AgoraHub promotes.
Future Plans: Uniswap, SwissBorg and Solana Partnership
The trading of $AGA will remain active on Uniswap with AgoraHub’s incorporation of SwissBorg into its listing, and the plan of implementing $AGA on Solana. This move will attract more traffic to the Agora community; thus, the functionality of the token will improve since it will be more integrated into various industries.
Transition Process
The delisting of $AGA from MEXC and Gate.io will be made gradually to avoid any inconvenience that may arise from the process. AgoraHub urges its holders on such platforms to move tokens to compatible EVM wallets to continue using and interact with the new DEX offerings. Purchasing and trading of these tokens will still be enabled by the liquidity pool at Uniswap in anticipation of this transformation for Agorians.
Looking Forward: A New Era of Decentralization for Agora
With the decision of AgoraHub to focus on providing liquidity to $AGA on DEXs, the company shows the intention to make the ecosystem more transparent and decentralized. This change is in line with the Web3 values and AgoraHub’s objectives, which is focused on building a community-focused and sustainable environment. This is a continuous support from the Agora community as the project continues with the development towards the goal of a completely decentralized environment.
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