MonoX
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MonoX

Contest Recap

August 9th marked the official end of our Beta Launch Competition. We would like to congratulate all the winners of the Beta Launch Competition and outstanding participants who have participated by launching their own token token on our beta testnet platform. The competition was an amazing experience for the community to interact with the MonoX Protocol and learn more about its features. We were impressed with some of the tokens you deployed as well as some of the strategies initiated by users.

The winners are reflected on the leaderboard. Do check out the final winners below! We will distribute the rewards in 24 hours.

📊 Metrics

We had over 6 million of vUSD minted on our beta dApp with over 400 pools across both kovan and mumbai testnet. We are very thankful to have such overwhelming support and participation from our community. We seek your continued support for our future events!

💢 Cheating and Disqualification

The MonoX Team takes a strict view of cheating in any form and will disqualify users that have broken the competition rules. These abusers and cheaters who seek to gain an unfair advantage in the competition have been disqualified. Below are the rules of the competition as per the original article.

📜 Rules

❌ You are not allowed to use any ‘real world’ token names or symbols apart from ETH and MATIC.

If you use, for example, Kovan LINK you will be disqualified. This is for both trading and also especially for creating your own pool. You are not allowed to create a new pool using a real world token like Kovan LINK.

❌ There is a max amount of ETH or MATIC that you can sell during the competition for Competition Two. You are only allowed to sell up to 10 ETH and 1 MATIC. The reason for this rule is to prevent pool owner to abuse the vUSD trading competition from accumulating vUSD from pool instead of trading through swaps. This is also to make it as fair as possible as not everyone has lots of kETH or WMATIC and it’s difficult to get them from faucets.

❌ We will disqualify any use of BOTs for the competitions

✅ You are allowed to use Kovan or MATIC the competitions are not separated by the network used. So use whichever one you prefer.

✳️ Please note winners can only win one competition, if you place (1st — 5th place) in both competitions then you will be selected for the one where you placed higher. If you are in the same place for both it will be for the most popular pool category.

🥇 Winners

Here is the list of our competition winners. Once again, congratulations to our top 30 winners of each category for your hard work and effort. You can also check out the winners here. The prizes will be distributed within a week.

Total Winnings for each contest: 5k USDC

  1. 1st Place: 2000
  2. 2nd Place: 1000
  3. 3rd Place: 500
  4. 4th Place: 300
  5. 5th Place: 200
  6. 6–10: 100
  7. 11–30: 25

👍 Feedback

We appreciated all the community constructive feedback for the contest and will certainly take it on board as we progress forward. We wanted to let the community know that their voices have been heard on improvements and it’s been great to work out how we can improve and make such events more engaging, fun, and fair for our community. We want to reiterate that community is everything to us and we always want to be optimizing and improving for you guys.

The MonoX team is committed to continuing to develop our MonoX Platform. Our goal to achieve a single liquidity token will always remain true. We appreciate the community’s continuous support and do continue to be active members because we have some exciting events coming up that you do not want to miss. Be sure to keep yourself up to date with ongoing events to get involved with our MonoX ecosystem.

About MonoX

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.

It works by grouping deposited tokens into a virtual pair with our own vUSD stable coin, to offer a single token pool design.

MonoX will revolutionize the DeFi ecosystem by fixing the capital inefficiencies of current protocol models. With lower trading fees, capital efficiency, and zero-capital token launching — MonoX will expand the capabilities of DeFi.

📱 Stay Connected

Follow our official social media accounts and visit our website to stay up to date.

Website | Documentation | Twitter | Telegram | Discord

🚨 IMPORTANT

Be careful of fake Telegram groups, and Twitter accounts trying to impersonate MonoX. $MONO tokens ARE NOT in circulation.

Always verify that you are on our official Twitter page, Telegram group, or Discord

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