Skyline, a blockchain development company focused on interoperability, launches a packaged token Cap3x on the Cardano blockchain. Token is made in collaboration with Apex Fusion Foundation, which connects various blockchain types to support activation and application development.
The CAP3X -Token works as a packed version of AP3X and will be used to connect the Cardano and APEX fusion networks. It will be compatible with Cardano portfolios and Defi platforms. A trading couple between ADA and Cap3x will also be introduced to support token exchange.
From July users can move Cap3x from Cardano to Prime Chain, the Layer-1 network of Apex Fusion, using the Skyline bridge. Once transferred, CAP3X is exchanged against a 1: 1 ratio for Native AP3X tokens. These can be used in Apex Fusion protocols, including the preparation of functions that offer up to 10% annual rewards.
The aim of the project is to improve access to Utility tokens and to support Defi activities in both networks. This allows Cardano users to connect to Apex Fusion without leaving their ecosystem.
After the CAP3X launch and liquidity setting, users can use and transfer assets about networks. Technical resources are provided for developers prior to the rollout.
Image: Freepik
