CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
The Defiant 2024-12-13 22:00:46

MetaLeX Labs Launches ERC20 Cybernetic Law Token Exchanger with Ricardian Tripler for Noncustodial Escrow Deals

MetaLeX Labs has launched its Cybernetic Law Token Exchanger (CyTE), a peer-to-peer ERC20 token exchange platform designed for on-chain legal agreements. The code and underlying primitives for CyTE have been open-sourced, providing transparency and accessibility for developers. The application integrates immutable deal terms and execution through a specialized Ricardian Tripler, facilitating noncustodial escrowed token exchange deals. The launch is seen as a significant advancement for MetaLeX, enhancing its offerings in decentralized finance and legal technology. Developers involved in the project highlighted the optimization of smart contracts for peer-to-peer and over-the-counter token transactions on Ethereum Virtual Machine (EVM) networks. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.