What is the MonoX protocol (MONO)?
MonoX is a new DeFi protocol that makes use of a single token design and style for liquidity pools. This is doable by grouping the deposited tokens in a virtual pair with the stablecoin vUNIT.
The project’s initial use situation for single-token liquidity pools will be an Automated Market Generator (AMM) – Monoswap, which will launch in October 2021.
In the potential, the venture will launch loan / loan items and derivative items.
Highlights of the MONOX protocol
Single-token liquidity pools are additional capital-productive, resulting in a additional optimized expertise for all participants.
- Liquidity owned by the protocol via the affiliate plan
- As a venture or developer, customers can launch their tokens without the need of supplemental capital.
- As a liquidity supplier, customers only want to deposit a single token in the liquidity pool.
- As a trader, it is a lot more affordable to trade tokens.
- The venture makes use of a pool, so the LP will acquire commissions for the two the exchange and the loan.
- The most capital-productive alternative for trading assured worth tokens
Who are MONOX’s consumers?
- DeFi Degen
- DeFi customers wanting for new items: Traders are wanting for a more affordable substitute to invest in cryptocurrencies than applying AMM / DEX due to the substantial fuel charges that customers have to pay out. .
- DeFi Lovers: DeFi customers, deep understanding of the protocol, and farmers who really like to use / experiment with new and fascinating DeFi items.
- Projects and Developers: Legitimate tasks that consider to problem their tokens but lack capital.
- Users who have professional rug pull: The venture has a two-tier pool program for official pools and trustless pool lists (in which the vUNIT stability can’t drop under zero). Such a program can make it additional tricky for the rug pull and scam token listing to do the job.
MONOX Protocol Products
Link
The protocol will permit customers to obtain vUNIT (a protocol stablecoin) with other stablecoins at a price reduction. Users can then bet on this vUnit to revenue from the protocol.
ADM
Users will be ready to exchange tokens supported by the protocol. The exchange method of two tokens A-> B will often consider spot in accordance to the following model: A-> vUnit -> B.
With AMM, customers will be ready to supply liquidity to acquire transaction charges.
Basic details about the MONO token
- Token title: MonoX protocol
- Ticker: MONO
- Blockchain: Ethereum
- Token typical: ERC-twenty
- To contract: 0x2920f7d6134f4669343e70122ca9b8f19ef8fa5d
- Token kind: Utility, Governance
- Total provide: one hundred,000,000 MONO
- Circulating provide: Updating
Token allocation
- Seeds: eight%
- Strategic: seven%
- Private: eight%
- Initial liquidity: three%
- Token issuance: 42%
- Reserves: eleven%
- Squad: eleven%
- Partners and consultants: six%
- Marketing: four%
Token release plan
Updating
What is the MONO token made use of for?
Administration.
MONO token wallet
MONO is an ERC20 token, so you will have a lot of wallet solutions to shop this token. You can pick from the following wallets:
- Floor wallet
- Popular ETH wallets: Metamask, Myetherwallet, Mycrypto, Coin98 Wallet
- Cool wallets: Ledger, Trezor
How to earn and very own MONO tokens
Buy right on the stock exchange.
Where to get and promote MONO tokens?
Currently, MONO is traded on a lot of distinctive exchanges with a complete everyday trading volume of about USD two.six thousand. Exchanges listing this token consist of: Huobi Global, MEXC Global.
Roadmap
Updating
Investors
What is the potential of the MonoX Protocol venture, must I invest in MONO tokens or not?
The MonoX protocol is a DeFi protocol that makes use of a single token pool model that assists customers lessen transaction charges in contrast to two token pools. Through this report, you have to have by some means grasped the standard details about the venture to make your investment selections. Coinlive is not accountable for any of your investment selections. I want you accomplishment and earn a great deal from this likely marketplace.