Ambire AdEx

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Discover Ambire AdEx's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Ambire AdEx?

Ambire AdEx (ADX) is a decentralized digital advertising platform that leverages blockchain technology to reduce fraud and protect user privacy. The ADX token, an ERC-20 token on the Ethereum blockchain, serves as a staking, governance, payment, and rewards tool within the AdEx ecosystem. It allows advertisers to launch campaigns with discounted fees, validators to earn rewards, and token holders to participate in governance voting. The platform aims to provide transparency and efficiency in digital advertising, utilizing a dual token approach with the DAI stablecoin for payments between advertisers and publishers.

How is Ambire AdEx used?

Ambire AdEx (ADX) is a cryptocurrency primarily used for digital advertising and decentralized finance (DeFi) applications. Here are the main ways ADX is utilized:

  1. Digital Advertising: ADX is the native token for the Ambire AdEx platform, which offers a decentralized advertising marketplace. Advertisers use ADX to purchase ad space, and publishers receive ADX as payment for displaying ads. The platform aims to reduce fraud and increase transparency in the advertising industry.

  2. Staking and Validation: ADX holders can participate in staking and validation processes, which help secure the network and process transactions. In return, validators earn ADX tokens as rewards. This incentivizes users to support the network and maintain its integrity.

  3. Payment Method: ADX is used as a payment method between advertisers and publishers on the Ambire AdEx platform. It facilitates seamless transactions and ensures that both parties receive accurate payments.

  1. DeFi Applications: ADX can be used in various DeFi protocols, such as lending, borrowing, and yield farming, due to its compatibility with the Ethereum network.

  2. Wallet and Storage: The Ambire Wallet, a user-friendly cryptocurrency wallet, supports ADX storage and management. It offers features like automatic gas management and hardware wallet support, making it easy for users to manage their ADX tokens.

Overall, ADX plays a central role in the Ambire AdEx ecosystem, enabling efficient, transparent, and secure transactions within the digital advertising and DeFi spaces.

How do I store Ambire AdEx?

To store Ambire AdEx (ADX) tokens, you can use various methods:

  1. Ambire Wallet: You can store ADX tokens directly in your Ambire Wallet. This wallet supports staking and allows you to manage your tokens efficiently.

  2. Trezor, Ledger, or Metamask: These are secure crypto wallets that can be linked to your AdEx account. They provide better security compared to an in-browser wallet.

  3. AdEx Staking Portal: You can also store your ADX tokens on the AdEx staking portal, which allows you to stake and manage your tokens for rewards and governance participation.

  1. Exchanges: You can store your ADX tokens on various exchanges such as Binance, Bittrex, and Upbit, but be aware that some exchanges may have specific requirements or limitations.

It is essential to choose a secure and reliable method to store your ADX tokens to ensure their safety and accessibility.

How to buy Ambire AdEx?

To buy Ambire AdEx (ADX) tokens, you can follow these steps:

  1. Coinmerce:

    • Create an account and log in to Coinmerce.
    • Navigate to the "Coins" section in the top menu.
    • Select AdEx (ADX) and choose your preferred payment method, such as credit card or SEPA.
  2. Binance:

    • Create a free account on the Binance website or app.
    • Verify your identification.
    • Navigate to the "Buy Crypto" section.
    • Select AdEx and USD from the dropdown menu.
    • Choose "Card" as the payment method and confirm.
  3. ChangeNow:

  • Head to the ChangeNow website.
  • Choose ADX as the token you want to buy and select the fiat currency to pay for it.
  • Enter the wallet address where you will receive your ADX.
  • Confirm the transaction details.
  • Choose a payment gateway and enter your credit card details to pay for it.

These platforms provide a secure and user-friendly environment to purchase ADX tokens.

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History of Ambire AdEx

Ambire AdEx (ADX) is a decentralized ad exchange that leverages blockchain technology to provide transparency and eliminate fraud in the digital advertising industry. The project was founded in 2017 by Ivo Georgiev and Dimo Stoyanov, who aimed to transform the sector by prioritizing transparency, reducing unnecessary fees, and implementing fraud-proof mechanisms.

The AdEx Initial Coin Offering (ICO) took place in June 2017, raising funds to develop the platform. During the ICO, 80 million ADX tokens were issued for sale to participants, which were created on the Ethereum blockchain as ERC-20 tokens. The distribution of ADX was designed to allocate tokens to various stakeholders, including investors, early adopters, team members, and advisors.

Since its inception, AdEx has undergone significant updates, incorporating fresh features, rebranding efforts, and introducing new DeFi products such as AdEx Staking Portal and Ambire Wallet. The platform has shifted from being an ad exchange to a Demand-Side Platform (DSP), facilitating programmatic ads for Web3 advertisers. This allows Web3 to advertise to an untapped Web2 audience and target users interested in cryptocurrencies and Web3.

Throughout its history, AdEx has maintained a focus on transparency, privacy, and eliminating ad fraud with the help of blockchain technology. The ADX token, which is the native utility token of the platform, has experienced substantial growth in its utility, serving essential functions such as governance, payment within the AdEx platform, validator roles, marketing tools, and staking.

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How Ambire AdEx works

Ambire AdEx (ADX) is a decentralized advertising exchange built on the Ethereum blockchain. It aims to simplify and reduce the cost of advertising while ensuring transparency and reliability. Here's how it works:

Registration and Deposit

Advertisers need to register and deposit funds into their wallets using DAI or fiat currencies. This deposit is used to pay for advertising campaigns.

Campaign Creation

Advertisers create orders specifying the parameters of their ads, such as the number of clicks or impressions. This automatically opens a personal OUTPACE payment channel, which reduces transaction fees and allows for micropayments.

Validators

Advertisers delegate two validators: one representing advertisers and one representing publishers. These validators confirm the order and ensure the integrity of the advertising process.

Publisher Selection

Publishers query their validators for active demand and receive orders to work on. The AdView software generates impressions, clicks, and other events, which are sent to validators for verification.

Payment and Income

For each valid impression event, publishers receive income that can be withdrawn at any time. When an advertiser closes a campaign, the remaining funds are sent back to the advertiser's wallet, minus a small fee for the publisher validator.

Token Usage

The ADX token is a utility token used for various purposes within the AdEx ecosystem. It can be staked to earn passive income, used for governance, and serves as a payment method for advertising campaigns. The token is built to ERC-20 standards and has a capped supply of 150 million.

Staking and Validation

ADX tokens can be staked in two pools: the Loyalty Pool and the Validator Pool. The Loyalty Pool provides automatic compounding and does not have an unbond period, while the Validator Pool has an unbond period and a higher APY. Staking helps maintain and secure the network.

Security and Privacy

Ambire AdEx ensures transparency and security by leveraging Ethereum's smart contracts and the OUTPACE Layer 2 protocol. It also preserves user privacy by not storing sensitive data and using encryption to protect user information.

Wallet and Marketplace

The Ambire Wallet provides an easy-to-use solution for storing and managing ADX tokens. The AdEx marketplace allows businesses to specify ad details and shop through a selection of digital advertising options, empowering marketers to create more efficient campaigns.

Overall, Ambire AdEx streamlines the advertising process, reduces costs, and fights ad fraud by providing a trustless and transparent platform for advertisers and publishers.

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Ambire AdEx's strengths

The Ambire AdEx (ADX) token has several strengths:

  1. Decentralized Advertising: ADX operates on a decentralized advertising exchange, providing transparency and reducing costs for advertisers and publishers.

  2. Scalability: The platform uses the OUTPACE Layer 2 protocol to improve performance and scalability, reducing congestion on the mainnet.

  3. Privacy: ADX ensures user privacy by not collecting or storing user data, which is instead stored in users' browser local storage.

  1. Censorship-Resistant: The platform allows advertisers to promote whatever they want without restrictions, providing freedom from traditional advertising platforms.

  2. Staking and Rewards: ADX token holders can stake their tokens to earn passive income through various pools, such as the Loyalty Pool and Validator Pool Tom, offering different APY rates and conditions.

  3. Governance: Staked ADX token holders have the privilege to participate in governance voting, shaping the direction of AdEx and contributing to its development.

  1. Security: The token operates on the Ethereum blockchain, leveraging its security and functionality.

  2. Interoperability: The DAI stablecoin used in the platform is highly interoperable, allowing it to be staked or used in other protocols across the Ethereum DeFi community.

These strengths make Ambire AdEx a robust and attractive option for those interested in decentralized advertising and cryptocurrency investments.

Ambire AdEx's risks

Ambire AdEx (ADX) carries several financial risks that investors should be aware of:

  1. Market Volatility: As a cryptocurrency, ADX is susceptible to significant price fluctuations. Market downturns can result in substantial losses for investors.

  2. Leverage Risks: Trading ADX with leverage can amplify losses, making it essential for investors to understand the risks associated with leveraged trading.

  3. Regulatory Risks: The decentralized nature of cryptocurrencies means that regulatory frameworks are still evolving. Changes in regulations could negatively impact the value of ADX.

  1. Security Risks: As with any digital asset, there is a risk of hacking and theft. Investors should ensure they use secure wallets and follow best practices for storing their ADX tokens.

  2. Scalability Risks: While Ambire AdEx uses advanced second-layer scaling solutions, any issues with scalability could impact the performance and adoption of the platform, affecting the value of ADX.

  3. Competition Risks: The digital advertising market is competitive, and Ambire AdEx faces challenges from other decentralized advertising platforms. If competitors offer more attractive solutions, it could negatively impact the adoption and value of ADX.

  1. Staking Risks: Staking ADX tokens carries risks, including the potential for losses if the staking pool is compromised or if the staking period is not profitable.

Investors should carefully consider these financial risks before investing in Ambire AdEx (ADX).

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Did Ambire AdEx raise funds?

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Ambire AdEx’s team

  • Ivo Georgiev: Co-founder and CEO of Ambire, leading the development of the Ambire Wallet and AdEx protocol.
  • Dimo Stoyanov: Co-founder and COO of Ambire, overseeing the operational aspects of the project.
  • Veselina Yaneva: Business Development team member, focusing on partnerships and growth strategies.
  • Ivo Paunov: Core Developer, responsible for the technical development of the AdEx protocol and Ambire Wallet.
  • Ceco Mihaylov: Back-end Engineer, contributing to the infrastructure and functionality of the Ambire Wallet and AdEx platform.
  • Stefan Stefanov: Growth Marketer, handling marketing and user acquisition strategies for Ambire and AdEx.
  • Nadya Ivanova-Banda: Marketing team member, involved in promoting the Ambire brand and products.
  • Miroslav Krastev: Visual Designer, responsible for the visual identity and branding of Ambire and AdEx.

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