Weekly Update 11/16
It’s time for our weekly update. This past week the dev team has been hard at work again as we prepare to deploy new features to the platform. At TGE we will be releasing two new features.
Since then we hit $20m in TVL and our users have grown to >7k unique addresses. As well as realizing more than $600k of profit from vCASH. Last week we distributed 10% of our profit back to our LPs. You can read more here.
We are very excited for weeks to come as we continue to iterate and optimize the platform for our community.
✨ Still time to Participate in our Ongoing Airdrop
Any user who participated in our launch and deposits liquidity will be eligible for our retroactive airdrop. Make sure to participate, and our testnet user will get a 10% bonus!
As a reminder, we have crunched the numbers and can announce that we are targeting a 50–200% APY for the airdrop*
There are three ways you can earn MONO during our Airdrop.
- Provide liquidity — the more you deposit, the more $MONO you will receive
- Refer others to provide liquidity — the more referred liquidity, the more $MONO you will receive
- The second part of the airdrop will reward $MONO with a surprise element for using other platform features — play around!
Get started here:
This is only the beginning! We have several exciting new updates and features to be released in the future, including our public sale for the $MONO token. Our team continues to work hard and push forward with new developments.
For more roadmap updates, check out our documentation.
We are only getting started! We have lots of developments coming in the next few weeks. Stay tuned.
🍻 Community #happyhour Session
We will be having our next community #happyhour session this Friday where you will get a chance to learn about our launch plans and interact with the community.
📢 Happy Hour every fortnight!
💬 Chat with our team
📗 Learn more about what we have planned in the coming weeks
✨Enjoy your weekend
📅 19 November, 2pm GMT
🎧 MonoX Discord Server, 🍻-happy-hour channel
💾 Save it to your calendar!
😈 Our #happyhour session runs fortnightly, exclusively on our Discord!
🔧Dev Team Updates
🚧 In progress
- Currently working on a Leaderboard dashboard for referrals
- From community feedback, we are updating UI for price impact on trades for pools with low liquidity
- Successfully deployed onto testnet of a new chain 👀 (stay tuned)
- Further internal testing for Futures feature
✅ Fixed
- Search optimized for token analytics
- Additional UI/UX optimized
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
* The interest rates and APYs may change. The APYs were accurate as of 10/20/2021.
