The Pros of MargiX’s Native Token
In order to understand the importance or rather the benefits of a native token, we need to have a fair idea about the project itself. In this case, MargiX is basically a trading platform (aka exchange) with an even specific aim to facilitate leveraging. It means that we connect borrowers and lenders in a decentralized manner, such that they can conduct trades based on their preference. Therefore, if you look at it, the use case is quite specific and is expected to lure in a variety of prospects from both sides of the trading business.
A Considerable Drop in Transaction Fee
If you read the above paragraph, it is quite understandable that our platform involves hundreds and thousands of transactions on a daily basis. As a result, in order to cater to the expenditures, a native token always comes in handy. Please note that it is not only advantageous to the platform but provides financial relief to end-users as well.
For instance, just assume that you happen to be a lender on MargiX and you plan to provide some loan to a borrower. With our native token, the transaction cost will be reduced to half, hence allowing both ends of the deal to enjoy affordable feasibility.
This may seem ordinary to some of the readers, but if you trade a significant volume in transactions, then you need to weigh in every single cost.
A Safe Haven for Investors
If you have been following the crypto niche for some time now, you must be aware that some exchanges and other ventures do offer their native tokens and since traders use them for paying the transaction fee and other purposes, the overall value of the digital asset surges gradually.
That’s exactly what we are trying to bring on MargiX. As of yet, the value of our token may seem insignificant (yet inexpensive). But since it will strengthen every day, you have a lucrative chance of buying it at this time and then selling off in a couple of months or years when the price surges.
It should also be noted that MargiX is among a handful of exchanges offering P2P architecture while the rest are mostly centralized ventures. Therefore, we expect it to stir a great deal of momentum among the masses, traders in particular.
Extremely Fast
It is worth noticing that even if you initiate a trade and all the prerequisites on your end are met, the transaction won’t execute and will never be committed to the chain if the fee is not paid. Since MargiX has its native token and does not rely on any foreign currency to serve this use case, we guarantee one of the fastest execution times in the industry. This is also one of the reasons as to why we expect the value of our token to rise and bring you a significant Return on Investment in the near future.
Voting Right
Of course, we plan to grow our base and offerings in the near future. However, since MargiX truly believes in decentralization, we do not want to implement new services by deciding ourselves. In fact, from the very day of our launch, we are inclined towards seeking community advice.
In order to implement that use case into our operations, the utility of a native token comes into play. We believe that if a user possesses a certain threshold of tokens, then he should be allowed to suggest and vote for some changes or advancements in the network as well.
For instance, let’s consider a use case that we plan to implement in the future. As of now, MargiX is only facilitating a handful of top-performing cryptocurrencies in the market, but a couple of months down the road, we may be interested in listing more projects. Instead of approving them on our own, we could open a voting event and every ‘eligible’ user could have a say in the final decision.
Well, that’s just one example of how this stuff works and in reality, the possibilities are endless…
The Future: Means of Payment
Some of the most well-performing native tokens in the market are now accepted on non-native platforms as well. What’s the reason? Well, because they have attracted a huge proportion of users and it is lucrative for other ventures to list them.
It should be re-emphasized that the native token, in this case, is backed by a futuristic exchange. Considering all of the factors mentioned above and given our robust technology stack, MargiX’s native token might be listed on some of the well-recognized ventures in the crypto niche. As a result, it would not only surge our market value and hence your RoI, but the token will also be offered in pairs on other exchanges. Therefore, as an end-user, you will be able to store the currency in multiple wallets on different blockchain platforms and conduct withdrawals as well.
That’s what we are looking at and as soon as it happens, MargiX’s token will be offering direct competition to some of the leading coins in the niche.
Support requests please send to: support@margix.org
Best regards.
Find us on social media:
- Official Website: https://margix.org
- Channel: https://t.me/MargiXchannel
- Group EN: https://t.me/MargiXglobal
- Group KR: https://t.me/MargiXkorea
- Group TR: https://t.me/MargiXturkey
- Medium: https://medium.com/margix
- Github: https://github.com/margix
- Twitter: https://twitter.com/MargixMGX
- Youtube: https://www.youtube.com/c/Margix
