🧑🚀MonoX Launch II — Getting Started
No more token pairs.
Lower trading fees.
Less impermanent loss.
Things just got a whole lot better. MonoX allows for single-sided liquidity pools with greater capital efficiency without the burden of forced collateral. Projects are now able to launch their token with zero capital requirements, available for any users. Buy, sell, and deposit with ease.
There’s a new home for us degens, and it’s now live.
Getting Started with MonoX
Head over to monox.finance and connect your wallet.
Click on the Pool tab to be directed to our pool page and add liquidity — only one token needed.
For depositing tokens, we will have two types of liquidity pools.
Official Pools — (Only Official Pools Count for Airdrop)
Official pools will be initially created by the internal team, then eventually by the DAO. These pools will be available immediately at the time of launch.
Our official pools will begin with:
Ethereum
- ETH, WBTC, USDC, USDT
Polygon
- MATIC, WBTC, USDC, USDT, WETH
Depositing Liquidity
Please note we have some additional security measures for Liquidity Providers to safeguard the Protocol and protect our loyal apes from being rug-pulled:
1. Largest LP holder of Trustless Listing pools can’t remove their LP within 3 months of pool creation
2. Largest LP holder for Trustless Listing Pools can’t send out LP tokens to other users, within 3 month period
3. Users cannot remove liquidity if they have just added liquidity
A. For Trustless listing pools, it’s 24 hours.
B. For Official Pools it’s 4 hours.
How to Add Liquidity
You can read more in depth from our Docs.
Dont Forget to claim your referral link and refer liquidity to increase your airdrop allocation, learn more here.
How to Get Your Referral Link
- Connect your wallet and click on your wallet address
- Click on ‘Copy Referral Code” it will give you a personal referral link that you can share based on your connected wallet.
Trustless Pools
Trustless pools will allow anyone to launch their token. Any person or project will be able to launch their token in a permissionless manner. All you have to do is set an initial price and deposit liquidity for the token. When people start to purchase the token, the pool’s vCASH balance will increase. We are completely open and permissionless, for any and every degen to thrive.
As a built-in safety mechanism, the vCASH balance for trustless pools will not be able to go below 0. This is to prevent malicious actors listing a token and selling it back to themselves. Trustless pools may become official pools through a proposal and community vote.
A great use case for Trustless Pools are Value Backed Tokens (VBTs) you can read more from our recent blog post here.
For more information, please refer to our documentation.
Future Updates
We’re only getting started! The team at MonoX has many exciting new developments planned for the future. This includes cross-chain swaps, derivatives trading, lending and borrowing, and further $MONO token utility. Our goal is to be the premier multi-chain protocol providing the best service for our users.
As always, we continue to push forward!
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 vCASH stablecoin, 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
