Mobius Finance Beta on Polygon. 5,000 $MOT Tokens up for grabs!
After months of development, we are excited to announce the Möbius Finance Beta is up and running on the Mumbai Testnet!
Möbius Finance, the first multi-collateral synthetic assets platform based on the Polygon Network, will officially release a closed beta for the community on Polygon’s Mumbai Testnet. We wish to invite the entire Polygon community to participate and experience the platform features, including synthetic assets minting trading (long and short positions), and other core features such as managing the collateralization ratio dynamically. Mobius Finance will also allow users to collateralize their MATIC tokens to mint synthetics assets.
Participants of the Beta will be eligible for our first community $MOT rewards once Mobius launches on Polygon’s mainnet after the beta period is over.
Our Goal for the Beta
We are looking forward to getting the community’s feedback as we believe this is a key element in developing and improving the platform. We also plan to reward early adopters and supporters of Möbius Finance with the platform’s governance token ($MOT). This will allow Mobius finance to reach a higher degree of decentralization.
We will distribute a total amount of 5,000 $MOT tokens to the participants of the Beta.
If you are interested in participating in our Beta, please complete the following tasks:
1. Follow Möbius Finance on Twitter – https://twitter.com/mobius_finance
2. Join the Möbius Finance Telegram channel – https://t.me/mobius_finance
3. Retweet the pinned post and tag 3 friends
4. Fill the application form to become a tester- https://forms.gle/qXZT3J5ecivByVq97
Spaces are limited.
Available Features:
- Mint synthetic assets.
Mint and short synthetic assets by collateralizing any of the following tokens: MATIC, MOT, wETH, and DAI.
- Manage the collateralization ratio and debt dynamically.
Adjust your collateralization ratio in real-time to manage your risk and your capital efficiency. This feature allows users to be more creative with their strategies!
- Burn synthetic assets to redeem the collateral.
Burn your synthetic tokens to redeem your outstanding collateral.
- Trade synthetic assets.
Buy and sell synthetic assets with zero slippage! The Beta test will have available the following moASSETS: moBTC, moTSLA, moETH, moXAU (Gold ounce). The values of moAssets are provided by external price feeds fed on-chain.
- Open short positions.
Use MOT, MATIC, ETH, or DAI as collateral to short sell any moASSET. By opening a short position, users mint the moAsset and sell it automatically for moUSD. Users can use the moUSD freely.
- Manage short positions dynamically.
As prices change, users can adjust their position size, debt, and collateralization ratio to mitigate risk and increase their capital efficiency. This feature allows users to be more creative with their strategies!
- Earn the $MOT Tokens (Testnet Tokens).
The platform introduces staking rewards, trading rewards, and LP staking rewards which are distributed every block!
Beta Details:
- The Beta will last 14 days starting from our Official announcement.
- The application starts on June 30 (UTC), ends on July 5 (UTC). Applications are only accepted in this period.
- A total of 500 users will be selected to participate (check how to become a tester above).
- Testers will be required to test the features of the platform. Users who successfully tested the platform will be eligible for $MOT rewards (on Mainnet).
- Test tokens will be distributed to all selected participants.
- Testers will be required to test the features available on the platform and submit their feedback to be eligible for the rewards.
- Rewards will be distributed within 10 days after the launch of the official Mainnet Launch of the Mobius Finance Platform.
- We reserve the right to make any final and binding changes to the airdrop rules.
- Tokens used on the beta have zero economic value and are only for the beta period.
About Möbius Finance
Möbius Finance’s objective is to create a decentralized multi-asset trading protocol in Polygon solution to bring low transaction fees, fast-order execution, enabling off-chain assets (ETFs, Commodities, Stocks, Bonds, etc.) trading. Our protocol will be a decentralized and uncensored marketplace; users will enjoy zero slippage with our order execution model and low transaction fees. We will develop the platform to be easily extendable to adopt all asset types and financial instruments to accommodate future market developments and novelties.
TRADE WITHOUT LIMITS ✈️
Legal Notice:
This article and any information contained in it are subject to Terms and Conditions. Please carefully review the Terms and Conditions as it contains important legal information, risk disclosure statement, limitations and restrictions relating to the information that we provide, third-party resources and forward-looking statements.
Join us for more updates:
Website- https://mobius.finance/
Twitter- https://twitter.com/mobius_finance
Telegram- https://t.me/mobius_finance
Channel- https://t.me/mobiusfinance_ann
