MonoX

MonoX

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Welcome to the MonoX Docs. Here we aim to provide a robust explanation and understanding for how our protocol works. Get to know us and join us on our journey to make DeFi more capital efficient.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • HTX
    MONO/USDT 7 months ago
    $ 0.0341
    $ 3.564 K
    -22.51%
    56.34%
To be announced
Token Details
Ticker
MONO
Total supply
100,000,000
Additional Details
Categories
Platform

About MonoX

MonoX is a new DeFi protocol using a single token design for liquidity pools (instead of using pool pairs). This is made possible by grouping deposited tokens into a virtual pair with the vUNIT stablecoin.

Our first use case for single token liquidity pools will be an Automated Market Maker - Monoswap, launched in October 2021.

In the future, we will be launching lending/borrowing and derivatives products.

Why use MonoX?

Single token liquidity pools are more capital-efficient, resulting in a more optimized experience for all participants.

  1. Protocol owned liquidity via bonding program
  2. As a project or developer, you can launch your token with zero extra capital.
  3. As a liquidity provider you only have to deposit one token to the liquidity pool.
  4. As a trader, swapping tokens is made much cheaper.
  5. We use one pool so LPs will receive fees for both swaps and borrowing.
  6. Most capital efficient solution to trade tokens already backed by value (Synthetics, NFT shards, Gaming Tokens, Insurance Tokens)

Who do we expect to be the primary users of MonoX?

  • DeFi Degens: A new way to Ape. No more explanation needed.
  • Alpha seekers: Traders who are looking for a cheaper alternative to invest into crypto compared to using other GAS and fee heavy AMMs/DEXs.
  • DeFi Enthusiasts: DeFi natives, protocol connoisseurs, and yield farmers who love to use/experiment with new and exciting DeFi products.
  • Projects & Developers: Legitimate projects looking to launch their token, but lacking in sufficient capital.
  • Anyone who was rug pulled: We have a two-tiered pool system for Official Pools and trustless listing pools (where the vUNIT balance cannot go below 0). Such a system makes it harder for rug pulls and scam token listings to operate.

MonoX Roadmap

  • Q4 2021

  • Mainnet Launch - Monoswap and vCASH launch on Ethereum mainnet + Polygon with full swap and liquidity features.
  • Q1 2022

  • Relaunch, soft launch. Protocol Owned Liquidity
  • Q2 2022

  • Derivatives, more ecosystems supported and cross-chain swap
  • Q3 2022

  • Release IDO and launchpad product
  • Read More
  • Q4 2022

  • Orderbook trading

MonoX Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ruyi Ren
Founder, CEO
unverified
Anthony Munoz
Co-Founder, Lead Engineer
unverified
Yury Labiak
Co-Founder, Lead Front End Engineer
unverified
Hugh Flood
Co-Founder, Head of Growth & Biz Dev
unverified

MonoX Last News

  • Due to potential time differences in information updates, please verify the accuracy of each ICO project through its official website or other official communication channels.
  • This information is not intended as a recommendation or suggestion for ICO investment. Please conduct thorough research on the relevant information and make your own informed decision regarding ICO participation.
  • If you identify any issues or errors in this content, or if you wish to submit your own ICO project for listing, please contact us via email at info@icoholder.com.
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