IRVINE, CA, Dec. 02, 2021 (GLOBE NEWSWIRE) — UA Multimedia, Inc. (OTC Pink: UAMM), a holding firm and answer supplier within the space of blockchain, cryptocurrency, fintech, decentralized finance (DeFi), NFT and metaverse, broadcasts the upcoming launch of its Decentralized Trade (DEX).
A DEX is a decentralized permissionless cryptocurrency alternate that enables customers to commerce numerous tokens immediately with out going via a intermediary like these from centralized exchanges (CEX).
Centralized exchanges reminiscent of Coinbase, Binance or Kraken are owned by a central entity. They require customers to supply private data to open an account. Their funds are held by the corporate. Trades are achieved by itemizing the purchasers’ orders within the orderbook. The alternate then proceed to match consumers with sellers.
In contrast to CEX, DEX just like Uniswap makes use of sensible contracts deployed on a blockchain. The alternate run on a community of impartial computer systems which execute the principles mechanically. There isn’t any central entity controlling the consumer accounts, subsequently, it isn’t essential to open an account. Trades are achieved immediately from the customers’ personal digital wallets thus permitting them to maintain full management over their funds.
The DEX will checklist over 100 cryptocurrencies initially. It’s going to work with a variety of wallets and interface to main exchanges reminiscent of Binance, Huobi, OKEx to supply liquidity.
The event of the decentralized alternate is in its remaining section which shall be adopted by testing. The Firm expects to launch a beta model across the center of this month.
The Firm can also be engaged on the launch of a DEX native coin. Will probably be launched and listed on at the very least one alternate this month with extra to observe in Q1 2022.
Further particulars of the alternate, growth of the NFT market and different crypto associated initiatives shall be forthcoming.
“Cryptocurrency is a multi-trillion {dollars} market with DeFi actions surging steadily frequently,” mentioned Michael Lajtay, interim CEO of UA Multimedia. “We’re excited to broaden our presence on this area by introducing a decentralized alternate that may provide easy and seamless buying and selling expertise for cryptocurrency merchants worldwide.”
About UA Multimedia, Inc.
UA Multimedia, Inc. is a holding firm and answer supplier with a give attention to blockchain, cryptocurrency, fintech, decentralized finance (DeFi), NFT and metaverse. It’s also a holding firm in search of to amass home and international entities who’re in the identical area.
Firm web site: http://www.uammedia.com
Fb: https://www.facebook.com/uamultimedia
Twitter: https://www.twitter.com/uamultimedia
TryShowTime: https://tryshowtime.com/BlueSkyNFT
Ahead Wanting Statements:
This launch incorporates forward-looking statements throughout the that means of Part 27a of the Securities Act of 1933, as amended and part 21e of the Securities and Trade Act of 1934, as amended. These statements embody the intent, perception or present expectations of the Firm and its administration staff. Some or all the occasions or outcomes anticipated by these forward-looking statements might not happen. Potential buyers are cautioned that any such forward-looking statements should not ensures of future efficiency and contain dangers and uncertainties, and that precise outcomes might differ materially from these projected within the forward-looking statements on account of numerous elements. Conducting the technique described herein is considerably dependent upon quite a few elements, many that aren’t in administration’s management. UA Multimedia, Inc. doesn’t undertake any obligation nor does it intend to replace the outcomes of those forward-looking statements.
Contact
UA Multimedia, Inc.
Investor Relations
949.229.1208
ir@uammedia.com
