Migrating to BASE: A Strategic Move for ADEX

Dear ADEX Community,

At ADEX, our unwavering mission is to build a secure, user-focused DeFi ecosystem that prioritises accessibility and innovation. Today, we’re announcing a major step forward: we are officially migrating from Ethereum to BASE. This decision reflects our commitment to providing a more seamless, cost-effective, and rewarding experience for our community.

Why the Immediate Migration?

After careful evaluation and consideration of feedback from the community, it is clear that Ethereum’s high gas fees have increasingly hindered usability for many community members, making smaller transactions costly and limiting accessibility. To protect the liquidity pool and accelerate our roadmap, we’ve decided to act immediately, removing the LP on Ethereum and pausing trading while we prepare to launch on BASE.

This temporary pause is necessary to ensure a smooth and secure transition. It also gives us the opportunity to implement enhancements like reflections, offering our community immediate benefits.

Lower Fees, Fairer Accessibility

Migrating to BASE drastically reduces transaction costs, addressing one of the primary concerns of our Ethereum-based users. BASE’s scalability and efficient architecture ensure faster transactions, allowing all users, whether holding, trading, or engaging with the platform, to enjoy a more inclusive and cost-effective experience.

A key component of our roadmap with our partners is to enable ID-to-ID payments, ensuring these transactions are both fast and affordable. This gives ADEX a significant competitive edge over traditional financial systems when supporting peer to peer transactions and facilitating xBorder value exchange. 

Reflections: A Reward for Your Loyalty
As part of the migration, we’re excited to introduce reflections on BASE. Every transaction on the network will redistribute a small percentage of tokens back to holders, rewarding your loyalty and participation. This immediate benefit bridges the gap while we continue developing our Revenue Sharing System, set to launch alongside the ID Crypt wallet in the near future.

Why BASE?
BASE aligns perfectly with ADEX’s long-term goals. With its advanced technology, lower fees, and scalable infrastructure, BASE positions ADEX to handle future growth and innovation. It also reflects our dedication to creating an ecosystem where everyone—regardless of background or experience—can confidently participate in DeFi.

What Happens Next?

ETH Contract Paused: Trading on Ethereum has been halted, and the LP has been removed to safeguard liquidity.

BASE Launch in Progress: The BASE contract is being finalised, and tokens will be airdropped to holders once ready. No action is required on your part.

Reflections Ready: Upon BASE launch, reflections will be activated immediately, providing tangible benefits to you, the community from day one.

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Pending successful audits the new contract and tokens will be deployed by the end of this month (January 2025)

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Looking Ahead
This migration marks an exciting new chapter for ADEX. By moving to BASE, we’re not only enhancing the user experience but also laying the groundwork for future innovations like the DEX release, ID Crypt wallet integration, and Revenue Sharing System.

We deeply appreciate your patience and trust during this transition. Together, we’re building a DeFi ecosystem that redefines what’s possible—secure, accessible, and community-driven.

Thank you for being a vital part of the ADEX journey. Let’s make 2025 a year to remember!

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