Weekly Update 9/21

Team MonoX
MonoX
Published in
3 min readSep 21, 2021

It was an exciting week for MonoX! We were pleased to announce our funding round publicly with an infographic of our investors. $5M has been raised with great thanks to our incredible array of investors.

Check out our Twitter post for more information:

https://twitter.com/MonoXFinance/status/1438940920070688770

Our team will also be at MAINNET 2021 this week in NYC, come say hello! MonoX will have a booth and the team will be present throughout the conference. We are more than excited to meet everyone!

The MonoX team is progressing very well with the development of the MonoX Protocol. We thank our community for your continuous support. In the meantime, continue to stay with us for our updates on our different channels. Be sure to keep yourself up to date with ongoing events to get involved with our MonoX ecosystem.

📢 MonoX Ambassador Program — Monogenes

Monogenes — “one of a kind, one and only” from the Ancient Greek language.

⚙️ Updates

Hey ambassadors, as mentioned last week, we are currently restructuring our ambassador program. Our core issues with the program currently consist of inactivity, low-quality submissions, and lack of initiative. Our plans moving forward to address these issues is to narrow down the number of ambassadors to fulfill more of a core group of active contributors. A more detailed criteria will be shared among the ambassadors soon. Furthermore, we are planning on using a more dedicated Web3 platform to coordinate work and distribute rewards, where ambassadors can also have more input in allocations. We will keep you updated as changes take place.

We are currently in a transition period with our ambassador program, with a newly hired Community Lead joining our team! Our new Community Lead will now be responsible for the handling and organization of the program. Feel free to say hello to Frobo on our Discord and Telegram!

🎁 Enjoy perks and rewards as an ambassador

💡 Rights to receive exclusives insights about the project

✨ Manage our Discord channel and help the team on countless projects

Have you ever wanted to be part of our team? Check out our ambassador program here!

🤝 Be the driving force of MonoX Protocol!

🔧Dev Team Updates

🚧 In progress

  • QA
  • Usability and UX
  • Translations
  • Futures
  • Improvement of load speeds
  • Refactoring/optimizing code

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

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