Kal Ali | May 6 2021
Kal Ali | May 6 2021
Orion Protocol announces CardStarter, the first Incubator, Launchpad and Insurance program for Cardano projects, as the latest partner to use the Orion Liquidity Boost Plugin. The integration will provide substantial liquidity to the CardSwap DEX. This follows a recent integration with Cardano, with Orion Protocol as the first liquidity aggregator on the Cardano blockchain.
Orion Protocol will aggregate the liquidity of every crypto exchange into one decentralized platform providing a decentralized gateway to the entire market. Its enterprise solutions for crypto projects, blockchains, and exchanges built on the protocol include Orion Liquidity Boost Plugin: bringing endless liquidity to exchanges immediately, from every CEX, DEX, and swap pool.
CardStarter is the world’s first unique Incubator, Launchpad and Insurance program for Cardano projects. CardSwap will be the go-to DEX for trading on the Cardano network. All CardStarter launched projects will have their liquidity migrated to CardSwap. CardSwap will boast 3 core features:
The integration with Orion Protocol brings CardSwap endless cross-exchange liquidity through Orion’s liquidity aggregator, reducing slippage to aid cost effectiveness and improving user experience. As with each enterprise product used by partners, Orion receives a transaction fee. This is funneled back to the Decentralized Brokerage and Non-Broker Stakers as rewards. This follows LBP partnerships with Polkastarter, MobiePay, PlasmaPay, Fire Protocol, Glitch Finance, Fuse, YFDAI, YOP, Vortex Network, COTI, Polkamarkets, Equalizer, and UnoRe - bringing even more volume and transactions to the Orion network.
Orion Protocol’s partnership with IOHK means Orion becomes the first liquidity aggregator to the Cardano blockchain. Meanwhile, the two will work together to enable the scalability and sustainability of the DeFi and NFT spaces. Integrating Cardano blockchain’s infrastructure will play a significant role in enabling far greater interoperability, scalability, and performance of the protocol and each solution - from flagship product Orion Terminal to Orion NFT Aggregator. CardStarter further drives Orion’s integration within the Cardano ecosystem, with more to come.
““We believe our partnership with Orion is a pioneering move for the sector. We already have strategies in place for CardSwap to be the most utilized exchange in Cardano’s ecosystem. Integrating Orion’s cross-exchange liquidity service will significantly enhance trades on our platform, and in so doing, we hope to continue adding to CardSwap’s value for our users.” - Aatash Amir, CardSwap CEO
”CardStarter’s impressive utility makes another quality addition to what we are building with Orion. Aiming to be the number one trading platform on Cardano shows the ambition of the team and we are delighted to further boost that by driving deep liquidity via our Liquidity Boost Plugin.” - Alexey Koloskov, CEO of Orion Protocol.
Each of Orion’s LBP partners have one thing in common: the need for liquidity in order for their project to become sustainable. LBP clients are hand picked and fully vetted as top quality partners focused on user base growth as a key metric of success. Every transaction using Orion liquidity will result in a transaction on the Protocol met with regular fees, adding to Daily Protocol Volume. ORN staking rewards are generated via transactions on the protocol, and will therefore increase through B2B partnerships.
CardStarter is the first Incubator, Launchpad and Insurance program for projects being built on the Cardano network. The CARDS platform is a unique and dynamic launchpad, connecting projects to early investors and a network of key partners. The Cards Accelerator Program (CAP) team works with each project individually to establish the right connections and map marketing strategies, establishing the foundation for long term success.
CardStarter is also differentiated by its charge to protect its supporters. CARDS provides unbiased third-party audits of every project’s code and protects IDO participants’ investments with an in-house insurance program. CardStarter is proudly partnered with X21 Digital, BlockSync Ventures, Moonwhale Ventures, Genesis Shards, Plethori, Fractal, PARSIQ, Scryptic Tech, Orion Protocol and Longtail Financial. Once fully built, CardStarter will be an all-inclusive platform with a decentralized exchange to complement the current offerings. CardStarter also aims to be a nurturing force in the Cardano ecosystem, with hackathons and project development support being a major focus of the roadmap.