• MonoX, which has been profitable since the launch of its mainnet, has announced a public token sale on Huobi Primelist

  • MonoX Protocol, the most capital-efficient liquidity solution in the DeFi space, has announced that the public sale of its $MONO token will take place on Thursday, November 25 on Huobi Global’s Primelist token listing platform. MonoX’s mainnet was launched on the Ethereum and Polygon networks a month ago, and the listing comes just a month after that.

    A total of one million $MONO tokens will be available for purchase at a price of $0.40 each. Investors can learn more about the listing by visiting this page. Participants in the Huobi Primelist have the opportunity to purchase new tokens at a low cost and trade the newly listed token immediately after the Primelist activity concludes.

    The protocol’s governance token is $MONO. Token holders can vote on official pool approval as well as pool parameters such as fees, rewards, and future Lending and Borrowing parameters.

    Ruyi Ren, the founder and CEO of MonoX, stated:

    “MonoX is one of the most innovative products in the DeFi 2.0 space, with a profitability that is nearly 100 times that of a regular swap project with comparable TVL.” Huobi is one of the world’s largest and best centralized exchanges. It’s a privilege to be able to launch on Huobi. We intend to use our tokens to promote the project’s decentralized governance and to attract more liquidity and partnerships.”

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

    It has been profitable since the mainnet went live, owing to its one-of-a-kind single-sided liquidity pools, which allow it to generate revenue not only from trading fees but also from the virtual vCASH token. In the first month of mainnet launch, the protocol generated over $800,000 in profit despite having only about $20 million in total value locked (TVL).

    MonoX is a multi-chain, multi-layer DEX that is reshaping the DeFi ecosystem by eliminating the capital inefficiencies inherent in existing liquidity models. Unlike traditional DEXs, which require projects to deposit two tokens in order to create a liquidity pair, MonoX allows developers to list their tokens without having to bring another asset.

    Its novel single-sided liquidity model places deposited tokens in a virtual pair with the vCASH, which is backed by all assets in the MonoX pools. It leads to increased capital efficiency, lower trading fees, and zero-capital token issuance.

    MonoX is also a capital-efficient solution for injecting liquidity into Value-backed Tokens (VBTs) like synthetic assets, fractional NFTs, insurance tokens, and gaming tokens. Because these assets have inherent value, projects and users do not need to collateralize them with a liquidity pair a second time.

    Concerning MonoX

    MonoX is the DeFi ecosystem’s most capital-efficient automated market maker (AMM). It enables developers, traders, and liquidity providers to participate in a market that is open, accessible, and capital-efficient. MonoX aims to transform DeFi by addressing the capital inefficiencies of first-generation protocol models. Its single-sided liquidity pools and vCASH enable lower trading fees, capital efficiency, and token launches with no additional capital.

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