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  1. 🪼 Adaex in Detail
  • 💼 General
    • ✨Introduction
    • 🛠️Technological Foundations
    • 🏷️Financial transactions in Africa
    • 🎢 Roadmap
  • 🪼 Adaex in Detail
    • 🧰 Architecture
    • 🔃How Adaex works
    • 💲Explanation of Adaex Fees
  • 📈 Tokenization
    • 💰 $AEX Token
    • 🚀 Token Utilization
    • ⚖️ Token Distribution
    • 🧮 Distribution details
  • 🛡️Transaction Security
    • 🔒 Security
    • 📜 Regulatory Compliance
    • 🌊 Risk Management
  • 🌐 Others
    • 🤝Partnerships
    • 👥 Community
  1. 🪼 Adaex in Detail

🔃How Adaex works

Decentralized exchange platform#

1
Connect Your Wallet
Initiate the process by connecting your Cardano wallet through the Cardano wallet extension. This establishes the link between your digital assets and the Ada Exchange App.
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2
Enter ADA Amount
Specify the amount of ADA you want to send or exchange via Mobile Money. The app dynamically calculates the equivalent value in USD based on the current ADA exchange rate.
Enter Receiver's Phone Number:
Provide the phone number of the recipient who will receive the ADA or the equivalent in USD through Mobile Money.
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3
Overview and Confirmation
Review the transaction details for accuracy and completeness. Once satisfied, proceed to confirm the transaction. This step acts as a final overview before the actual transaction process begins.
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4
Sign Transaction from Your Cardano Wallet
Authorize the transaction by signing it from your Cardano wallet. This cryptographic signature ensures the security and legitimacy of the transaction.
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5
Transaction Progress in Profile
Track the progress of your transaction through the profile section of the app. Real-time updates on the transaction status provide transparency and visibility into each step of the process.
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The Ada Exchange App streamlines the conversion and transfer of ADA into USD via Mobile Money, offering a user-friendly interface and a secure, step-by-step process for efficient financial transactions.
Modified at 2024-04-05 19:01:36
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