Primex Finance (PMX)

ICO

IDO

Last updated: Dec 21, 2024

Primex Finance is a leveraged trading and yield farming protocol that lets you use lender liquidity to amplify your trades on DEXs and boost your APY across various DeFi protocols.

Seed Funding: $5.7M

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Overview

Project industry	Finance Services & Banking
Product type	DeFi
Founded	Ukraine
Whitepaper	Open
Onepager	Open

What is Primex Finance

Primex is a prime brokerage liquidity protocol that provides margin trading available across DEXs. Lenders provide liquidity to pools and traders are scored before they can access funds, while traders can access leverage and open positions on one DEX and close on another.

Primex allows traders to work in a cross-DEX environment, with the aim to open up trading across platforms and increase profits. In turn, lenders can increase their yields with interest generated through trading profit shares and margin fees.

Risk is managed through risk buckets - lenders can place their funds in one or many risk buckets. These are subsets of liquidity pools that allow lenders to be confident in the risks they take. Buckets and traders are scored by notaries who are, in turn, rewarded for their work through tokens.

Details

IDO (Magic Launchpad): Jan 08, 2025 - Jan 10, 2025
Raised: 5,700,000 USD

Legal

Registration country: Estonia
Registration year: 2021

Office address: Vesivärava tn 50-201, Tallinn, Estonia, 10152, EE

Token info

Ticker: PMX
Type: Utility-token
Token price in USD: 1 PMX = 0.04 USD
Token distribution:
Early community - 8.85%
Public sales - 5.6%
Grants - 5%
Bug bounty, audits - 3%
Liquidity - 10%
KOL round - 0.95%
Foundation - 19.46%
Team - 11%
Advisors - 2.49%
Strategic investors - 15.55%
Pre-TGE - 2.1%
Treasury - 16%