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Market Cap
24h Vol
11975
Cryptocurrencies
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Bitcoin Share
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 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

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