Skyline has announced the launch of cAP3X, a wrapped AP3X token on the Cardano blockchain aimed at improving cross-chain interoperability with the Apex Fusion ecosystem.
Launch of cAP3X on Cardano
Skyline revealed plans to deploy cAP3X on the Cardano blockchain in collaboration with the Apex Fusion Foundation. This launch marks the introduction of a native asset in the Apex Fusion ecosystem.
Functionality and Integration of cAP3X
cAP3X will serve as a wrapped utility token, allowing users to interoperate between the Cardano and Apex Fusion networks. It will be fully compatible with Cardano wallets and DeFi protocols, with an ADA/cAP3X trading pair established on decentralized exchanges.
Prospects for Apex Fusion and Cardano Users
Following the token's launch, users will be able to transfer cAP3X from Cardano to PRIME Chain, where it will be converted into native AP3X. AP3X can be staked in Apex pools with rewards up to 10% APY. This initiative supports token exchange and the application of DeFi across both ecosystems.
The launch of cAP3X represents a strategic step towards enhancing cross-chain interoperability and accessibility of utility tokens for users on both blockchains.
