Patex has introduced its PATEX token on both centralized exchanges (CEXs) and decentralized exchanges (DEXs), offering various benefits and advantages within the ecosystem.
The blockchain ecosystem Patex has disclosed the public listing of its native PATEX token on multiple exchanges and trading platforms. Starting from 11 a.m. UTC on March 12, users can engage in PATEX trading through the PATEX/USDT trading pair on CEXs and DEXs.
Benefits for Patex Token Holders within the Ecosystem
Initially, PATEX tokens will be accessible on three CEXs, namely MEXC, KuCoin, and Gate.io. DEX users, on the other hand, can trade PATEX on PancakeSwap and Uniswap. Patex’s simultaneous launch on various CEXs and DEXs aims to provide investment options and ensure a smooth experience for all interested parties.
Patex’s ecosystem revolves around a blockchain network tailored to deliver products and services to Latin American users. The new token serves as a fundamental tool empowering the entire ecosystem and enhancing the multiple products and services offered by PATEX. Apart from its basic utility, PATEX tokens play a crucial role on the platform’s layer-2 network and its native C-Patex trading platform. Token holders can not only enhance their engagement and community involvement on the platform but also earn rewards and access exclusive Patex features.
For example, Patex holders can participate in staking the token in pools ranging from 30, 120, to 365 days, with rewards including an annual percentage yield (APY) of 20%, 25%, and 33%, respectively. Furthermore, holding Patex provides benefits such as discounts on lending and borrowing services on Patex Digital Bank and participation in initial DEX offerings (IDOs) launched on the platform.
Additional Features and Advantages of the Patex Ecosystem
With a dedicated focus on Latin America, a region boasting a GDP of $5.5 trillion and a population exceeding 670 million, Patex aims to leverage increased adoption of blockchain technology to benefit the region significantly. Notably, Latin America has a substantial number of unbanked and underbanked individuals who stand to gain access to improved financial services through Patex. The Patex ecosystem encompasses an L2 network, a software development kit (SDK), a wallet, and a blockchain explorer. Moreover, Patex offers an On Bridge platform facilitating cross-chain swaps between the platform and compatible networks. Users can also explore Patex Campus, an extensive educational hub featuring contributions from 200 universities, entities, and partners in the region.
The platform is actively engaging with governmental authorities to establish supportive regulations and promote certification. Patex aspires to serve as a cornerstone for the development of central bank digital currencies (CBDC) in the region, following the precedent set by El Salvador, the first country to adopt Bitcoin as legal tender, showcasing the growing market for cryptocurrency and blockchain technology in Latin America.
Recognized for its impact, Patex secured the title of “Best LATAM Blockchain Ecosystem of the Year” at the Future Innovation Summit in Dubai. The ecosystem’s potential has already attracted $20 million in investment from Acura Capital, a fund based in Sao Paulo, Brazil’s financial hub.