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Delve into @MonteCarloDEX / $MCB and this is what I found. Worth some time
MC = ~ 1.6 M
"The mission of MCDEX is to make investing in DeFi more accessible by creating a secure and easy-to-use blockchain-based decentralized financial platform."
$DEC $DMG $TOMO $LINK #DeFi
MC = ~ 1.6 M
"The mission of MCDEX is to make investing in DeFi more accessible by creating a secure and easy-to-use blockchain-based decentralized financial platform."
$DEC $DMG $TOMO $LINK #DeFi
I'm no expert but this project does excite me. DEX's are the future and I believe @MonteCarloDEX is going to be a huge addition to the DeFi ecosystm.
I try to get content out but working full-time too isn't easy. So I encourage you to add content or correct me if I'm wrong.
I try to get content out but working full-time too isn't easy. So I encourage you to add content or correct me if I'm wrong.
The Team:
Check out the team on their LinkedIn. They have a very strong and include experienced talent from the likes of Zilliqua $ZIL, Daostack and Baidu. http://www.linkedin.com/company/mcdex
Check out the team on their LinkedIn. They have a very strong and include experienced talent from the likes of Zilliqua $ZIL, Daostack and Baidu. http://www.linkedin.com/company/mcdex
@MonteCarloDEX is already live and their ETH-PERP contract is already trading.
The team plans on releasing a BTC-PERP contract in the near future pending community/investor discussion.
https://mcdex.io/
The team plans on releasing a BTC-PERP contract in the near future pending community/investor discussion.
https://mcdex.io/
The value locked in @MonteCarloDEX is now over 6 million and rising fast.
This has risen from 300k to 6.2 million in less than a month. $KNC is not far from being flipped and their MC is over 300 million.
https://defipulse.com/mcdex
This has risen from 300k to 6.2 million in less than a month. $KNC is not far from being flipped and their MC is over 300 million.
https://defipulse.com/mcdex
The supply is an initial concern for many without looking into the utility of $MCB. There is 13200 $MCB released per day meaning it would take 10 years to release the full 50 million. Use cases for $MCB and more to be added
1) Governance: MCB will be the governance token of the MCDEX Platform. The governance rights of our platform will be owned by MCB holders which can be exercised by voting.
2) Value Capture: 100% of the MCDEX order book transaction fee and 20% of the AMM transaction fee (the remaining 80% will go to liquidity providers) will be used to buy MCB and redeem.
3) Providing AMM liquidity: We will gradually upgrade the AMM and use MCB as logical collateral for the AMM, enabling the MCB to provide liquidity.
4) Taking the risk of liquidation and enjoying its benefits: Upgrading the system for holders of MCB to act as liquidators taking all liquidation risk.
Using all the liquidation penalties to purchase/redeem
MCB token, thereby allowing the MCB to capture the value of liquidations
Using all the liquidation penalties to purchase/redeem
MCB token, thereby allowing the MCB to capture the value of liquidations
Roadmap:
The roadmap includes decentralised leverage tokens, multiple usecases for $MCB and IDO (initial DEX offerings).
The roadmap includes decentralised leverage tokens, multiple usecases for $MCB and IDO (initial DEX offerings).
Future products:
The sky is the limit but a couple planned are a Social Fund, Leveraged Tokens and a Robot Fund.
The sky is the limit but a couple planned are a Social Fund, Leveraged Tokens and a Robot Fund.
