2021-06-16 23:12:29
Introducing MonoX Protocol
MonoX introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.
The AMM for Innovative + Collateralized Tokens
Our AMM also offers the perfect solution to capture the value of new innovative and collateralized tokens. fractional NFTs (backed by the NFT), synthetics (backed by the assets used to mint), gaming tokens (already backed by the in-game assets) are already backed by value which means users and projects have no incentives to collatorize them a second time with a liquidity pair.
Testnet
To get started and participate in the Testnet, read this article https://bit.ly/3pXs09a.
Participants will receive a share of the $20,000 $MONO Token Pool.
An overview about us:
1. Introducing a new stable coin vUSD backed by assets in our pool
2. 100% capital saving for new project trustless listing due to single token pool (launch with zero capital as don't need second token to build the pair)
3. Trading fees saving by avoiding lengthy transaction path (multiple pool pairs) unlike traditional AMM e.g. Uniswap
4. Lending and swap share the same pool, boosting LP profits.
Monoswap
Our first product is an AMM (Monoswap) set to launch Q3. Although we will be initially launching on Ethereum and Polygon we are blockchain agnostic and in the future we will build on more chains (exploring BSC, Solana) and launch lending and derivatives.
Investments
As for investments, our seed round is closed and the public sale is oversubscribed. However, we have been included in the CoinList Seed Summer 2021 Batch
Our website: https://monox.finance,
Documentation: https://docs.monox.finance
Testnet: https://kovan.monox.finance/
24.3K views20:12