THELOGICALINDIAN - MonoX is a multichain multilayer DEX that is revolutionizing the DeFi ecosystem by eliminating basic inefficiencies of the absolute clamminess models
MonoX Protocol, the best capital-efficient clamminess band-aid in the DeFi space, has appear that the accessible auction of its $MONO badge will booty abode on Huobi Global’s Primelist badge advertisement belvedere on Thursday, Nov. 25.
The advertisement comes a ages afterwards MonoX launched its mainnet on the Ethereum and Polygon networks.
There will be a accumulation of one actor $MONO tokens for acquirement at $0.40 each. With Huobi Primelist, participants angle a adventitious to acquirement new tokens at a low amount and barter the anew listed badge anon afterwards the Primelist action ends.
$MONO is the babyminding badge of the protocol. Badge holders can vote on approval for official pools, and basin ambit like fees, rewards, and the approaching lending and borrowing parameters.
MonoX architect and CEO Ruyi Ren said:
“MonoX is one of the best avant-garde articles in the DeFi 2.0 space, with a advantage about 100x a approved bandy activity with agnate TVL. Huobi is one of the better and best centralized exchanges in the world. It’s an account to get to barrage on Huobi. We’ll be application our tokens to advance decentralized babyminding of the activity and allure added clamminess and partnerships.”
The activity had beforehand aloft $5 actor from a accumulation of investors that included Krypital Group, Axia8 Ventures, Animoca Brands, Divergence Ventures, Youbi Capital, Rarestone Capital, LD Capital, GenBlock Capital, 3Commas, OP Crypto, and Blockdream.
It has been assisting back the mainnet went live, acknowledgment to its different single-sided clamminess pools that accredit it to accomplish acquirement not aloof from trading fees but additionally from the basic vCASH token. Without a built-in token, the agreement has generated over $800 thousand in accumulation with alone about $20 actor in absolute amount bound (TVL) in the aboriginal ages of mainnet launch.
MonoX is a multi-chain, multi-layer DEX that is revolutionizing the DeFi ecosystem by eliminating basic inefficiencies of the absolute clamminess models. Unlike acceptable DEXes that crave projects to drop two tokens to body a clamminess pair, MonoX enables developers to account their tokens after the accountability of bringing addition asset.
Its avant-garde single-sided clamminess archetypal groups the deposited tokens into a basic brace with the vCASH, which is backed by all assets in the MonoX pools. It after-effects in bigger basic efficiency, lower trading fees, and zero-capital badge launching.
MonoX is additionally a capital-efficient band-aid to animate clamminess to Value-backed Tokens (VBTs) such as constructed assets, apportioned NFTs, allowance tokens, and gaming tokens. Since these assets authority inherent value, projects and users don’t charge to collateralize them a additional time with a clamminess pair.
MonoX is the best capital-efficient automatic bazaar maker (AMM) in the DeFi ecosystem. It empowers developers, traders, and clamminess providers to participate in an open, accessible, and capital-efficient marketplace. MonoX aims to accommodate DeFi by acclimation the basic inefficiencies of the first-generation agreement models. Its single-sided clamminess pools and vCASH facilitate lower trading fees, basic efficiency, and the adeptness to barrage tokens with aught added capital.
