MonoX, Profitable Since Mainnet Launch, Announces Its Public Token Sale On Huobi Primelist

MonoX, Profitable Since Mainnet Launch, Announces Its Public Token Sale On Huobi Primelist

The high-performance blockchain project, MonoX has announced its public token sale on Huobi Prime. The team behind the project have been working day and night to ensure that the platform can be used by anyone with no barriers of entry or special privileges.

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MonoX, Profitable Since Mainnet Launch, Announces Its Public Token Sale On Huobi Primelist

MonoX, Profitable Since Mainnet Launch, Announces Its Public Token Sale On Huobi Primelist

25 November 2021, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore,

The public sale of MonoX Protocol’s $MONO token will be place on Huobi Global’s Primelist token listing platform on Thursday, November 25. MonoX Protocol is the most capital-efficient liquidity solution in the DeFi market. MonoX’s mainnet was deployed on the Ethereum and Polygon networks a month ago, and the listing comes only a month after that. 

A total of one million $MONO tokens will be available for purchase at $0.40 apiece. Investors may learn more about the listing here. Participants in Huobi Primelist have the opportunity to buy fresh tokens at a cheap price and exchange them soon after the Primelist activity concludes.

The protocol’s governance token is $MONO. Token holders may vote on whether formal pools should be approved, as well as pool characteristics such as fees, incentives, and future Lending and Borrowing criteria.

“MonoX is one of the most unique solutions in the DeFi 2.0 industry, with a profitability about 100x that of a standard swap project with identical TVL,” stated MonoX creator and CEO Ruyi Ren. Huobi is one of the world’s biggest and most well-known centralized exchanges. It’s a privilege to be able to debut on Huobi. We’ll use our tokens to promote the project’s decentralized governance while also attracting additional liquidity and collaborations.”

Krypital Group, Axia8 Ventures, Animoca Brands, Divergence Ventures, Youbi Capital, Rarestone Capital, LD Capital, GenBlock Capital, 3Commas, OP Crypto, and Blockdream have previously invested $5 million in the project.

It has been profitable since the mainnet launched, owing to its one-of-a-kind single-sided liquidity pools, which allow it to make money from both trading fees and the virtual vCASH token. Without a native token, the protocol made over $800,000 in profit in the first month of mainnet debut with just roughly $20 million in total value locked (TVL).

MonoX is a multi-chain, multi-layer DEX that is transforming the DeFi ecosystem by addressing traditional liquidity models’ capital inefficiencies. Unlike other DEXs, which require projects to deposit two tokens in order to create a liquidity pair, MonoX allows developers to publish their tokens without bringing another asset. 

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Its unique single-sided liquidity approach combines deposited tokens into a virtual pair with the vCASH, which is backed by all MonoX pools’ assets. As a consequence, capital efficiency is enhanced, trading costs are reduced, and zero-capital tokens may be launched.

MonoX is also a capital-efficient way to inject liquidity into VBTs like synthetic assets, fractional NFTs, insurance tokens, and gaming tokens. Projects and users do not need to collateralize these assets with a liquidity pair a second time since they have intrinsic worth.

Concerning MonoX

MonoX is the DeFi ecosystem’s most capital-efficient automated market maker (AMM). It allows developers, traders, and liquidity providers to engage in a market that is open, accessible, and capital efficient. MonoX intends to modernize DeFi by addressing the first-generation protocol models’ capital inefficiencies. Lower trading costs, capital efficiency, and the possibility to create tokens with no extra capital are all benefits of its single-sided liquidity pools and vCASH. 

Visit https://monox.finance/ for more details.

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