Singapore, Singapore, November 25, 2021.
MonoX Protocol, the most capital-efficient liquidity solution in the DeFi space, announced that the public sale of its $ MONO token will take place on Huobi Global’s token listing platform Primelist on Thursday, November 25th. The listing comes a month after MonoX launched its main network on Ethereum and Polygon.
There will be stocks of $ 1 million in MONO tokens for purchases of $ 0.40 each. Investors can find more details on the list here. With Huobi Primelist, participants have the opportunity to buy new tokens at a low price and trade a new token immediately after the Primelist activity is completed.
$ MONO is a protocol control token. Token owners can vote on approval for official meetings and meeting parameters such as fees, rewards, and future lending and borrowing parameters.
MonoX founder and CEO Ruyi Ren said, “MonoX is one of the most innovative products in the DeFi 2.0 space, with profitability almost 100x from a regular replacement project with a similar TVL. Huobi is one of the largest and best centralized stock exchanges in the world. I am honored to launch on Huobi. We will use our tokens to promote decentralized project management and attract more liquidity and partnerships.”
The project previously raised $ 5 million from a group 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 profitable since the mainnet began operations, thanks to its unique one-sided liquidity sets that allow it to generate revenue not only from trading fees but also from the virtual vCASH token. Without the original token, the protocol generated over $ 800,000 in profits with only about $ 20 million in total locked value (TVL) in the first month of mainnet launch.
MonoX is a multi-chain, multi-layered DEX that revolutionizes the DeFi ecosystem by eliminating the capital inefficiencies of existing liquidity models. Unlike traditional DEXs, which require projects to deposit two tokens to build a pair of liquidity, MonoX allows developers to list their tokens without the burden of bringing in another asset.
Its innovative one-sided liquidity model groups deposited tokens into a virtual pair with vCASH, which is supported by all means in MonoX sets. The result is improved capital efficiency, lower trading fees and the launch of non-capital tokens.
MonoX is also a capital efficient solution for injecting liquidity with value tokens (VBT) such as synthetic assets, partial NFT, insurance tokens and game tokens. Because these assets have inherent value, projects and beneficiaries do not have to collateralize them a second time with a liquidity pair.
MonoX is the most capital efficient automated market maker (AMM) in the DeFi ecosystem. It empowers developers, traders and liquidity providers to participate in an open, accessible and capital efficient market. MonoX aims to revolutionize DeFi by fixing the capital inefficiencies of first-generation protocol models. Its unilateral liquidity pools and vCASH facilitate lower trading fees, capital efficiency and the ability to launch tokens without additional capital.
For more information, visit: https://monox.finance/