MonoX (MONO)

IEO

Last updated: Nov 30, 2021

MonoX is a multi-layer, multi-chain DEX that solves the capital inefficiencies created by liquidity pairs, using a single token pool model.

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Overview

Project industry	Finance Services & Banking
Product type	Protocol
Whitepaper	Open

Bounty program

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What is 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 vCASH stablecoin.

The objective of MonoX Protocol is to create a new design for capital inefficiencies caused by liquidity pairs, by using a single token pool model. MonoX achieves this goal by grouping deposited tokens into a virtual pair with the vCASH stablecoin, instead of using liquidity pairs.

MonoX introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.

This new protocol design results in lower trading fees, less capital to deposit for Liquidity Providers, less siloed capital and projects can launch their token with zero capital.

It also creates opportunities for additional Decentralized Finance (DeFi) products/services such as lending and derivatives markets, while simultaneously providing a robust stablecoin that is backed by multiple assets in MonoX.

Details

IEO (Huobi Launchpad): Nov 25, 2021 - Nov 25, 2021
Token supply: 100,000,000 MONO
Total tokens for sale: 10,000,000 MONO
Hard cap: 5,400,000 USD
Raised: 5,000,000 USD

Legal

Country limitations: Mainland China, Taiwan China, Hong Kong China, Macao China, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Singapore, and Crimea.
Registration year: 2020

Token info

Ticker: MONO
Token standard: ERC20
Token price in USD: 1 MONO = 0.4 USD
Accepted currencies: USDT
Token distribution:
Seed - 8%
Strategic - 7%
Private I - 5%
Private II - 3%
Initial Liquidity - 3%
Token Emissions - 42%
Treasury Reserve / Security Insurance - 11%
Team - 11%
Partners & Advisors - 6%
Marketing and Ecosystem Growth - 4%