LUNC and USTC Are Now Listed on DODEX
LUNC and USTC are now available for trading on DODEX, the decentralized exchange built on DO Chain. The listing adds two major Terra Classic ecosystem assets to the growing range of tokens available through the new trading platform.
For Terra Classic users, the listing provides another option for accessing LUNC and USTC through a decentralized trading environment outside the Terra Classic blockchain.
DODEX Brings LUNC and USTC to DO Chain
DODEX is the decentralized exchange of DO Chain, designed to provide users with access to digital asset trading within the DO Chain ecosystem.
DO Chain is an independent blockchain that evolved from its earlier role as a Layer 2 project connected to the LUNC ecosystem. Its native token, DO, was previously associated with the Layer 2 infrastructure before the project evolved into an independent blockchain.
The launch of DODEX represents another step in the development of the DO Chain ecosystem, expanding its utility beyond its previous Layer 2 structure.
No 1.5% LUNC On Chain Tax for DODEX Trading
One important difference for users trading LUNC and USTC on DODEX is that trades take place outside the LUNC blockchain.
Because DODEX operates on DO Chain, users trading LUNC or USTC through the platform do not pay the 1.5% Terra Classic on chain tax associated with transactions processed directly on the LUNC blockchain.
This means the 1.5% LUNC on chain tax does not apply to LUNC or USTC trades executed on DODEX.
Users should still consider any applicable DODEX trading fees, network fees, liquidity conditions, and other costs associated with a transaction before trading.
What the Listing Means for the Terra Classic Ecosystem
The addition of LUNC and USTC to DODEX creates another connection between the Terra Classic ecosystem and the broader DO Chain ecosystem.
For LUNC and USTC holders, the listing provides another venue for trading these assets. For DO Chain, supporting established assets from the Terra Classic ecosystem can help expand the range of markets available on its decentralized exchange.
The development also demonstrates how assets originally associated with the Terra Classic ecosystem can continue to gain utility across different blockchain environments.
A New Trading Venue for LUNC and USTC
The DODEX listing gives LUNC and USTC holders another option when looking for decentralized trading opportunities.
As DO Chain continues developing its independent blockchain ecosystem, the availability of LUNC and USTC on DODEX could help strengthen the connection between the two communities while increasing the number of trading opportunities available to users.
For now, LUNC and USTC are among the assets available on DODEX, marking another development in the expansion of the DO Chain decentralized finance ecosystem.
