DYMMAX (DMX) IEO Rating, Reviews and Details

IEO

Nov 20, 2020

Nov 30, 2020

100% completed

Raised funds - no Data

past

Token Details

Ticker

DMX

Additional Details

About DYMMAX

DYMMAX (Dynamic market making auctions and exchange) is a decentralized protocol for issuing options for cryptocurrencies based on the parimutuel betting with fixed odds pricing model with possible secondary circulation of issued contracts in the form of ERC20 tokens.

DMX is the governance token of the Dymmax platform. It is designed to ensure the stability and decentralization of the Dymmax system, and opens the following opportunities to its holders:

- Voting to add new options series;

- Cashback from trading commissions;

- Payment for services of the Dymmax ecosystem and partners;

- Single token share increases due to regular token burnings;

- Voting on the Dymmax roadmap and priorities.

DYMMAX Roadmap

Q3 2020

Private round sale until 31.10.2020
Implementation of the platform interface

Q4 2020

IEO on Probit
DMX token listing and market making
Local community building
MVP release in Ropsten network
Smart contract security audit and testing
UI enhancement according to users feedback

Q1 2021

Mainnet release with the first options series of ETH/USDT
Launch of market makers program
Launch of secondary circulation of tokens on existing decentralized exchanges
Tokenization of options
Test implemntatino of DYMMAX on top of L2 solutions
MVP implementation of DMX Democracy platform

Q2 2021

Expanding the list of available instruments
First DMX burning according to fees collected in Q1
DMX holders voting for fees cashback
MVP implementation on top of other blockchains (e.g. RSK, Polkadot, Cosmos, Waves, Ergo)
Development of DYMMAX decentralized exchange

Q3 2021

Launch of own decentralized exchange
Launch of DYMMAX protocol on top of a second blockchain
Development of cross-chain communication
Finish DMX Democracy platform implementation