MonoX
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MonoX

Weekly Update

After many weeks of endless bug fixings, the MonoX Protocol Testnet bug bounty programme has officially ended. We would extend our gratitude and appreciation for all of the hard work and dedication provided by our community participating in the testnet. Furthermore, we really appreciate those who provided additional support by assisting our team to resolve critical issues. The testnet is overall a huge success and we are very grateful and lucky to have such a great and committed community supporting us. 💚

The end is just the beginning, we have countless exciting plans scheduled for release in the upcoming weeks as we inch closer to our mainnet launch. As the testnet programme has come to an end, we will have a slight change to our weekly updates. Our upcoming weekly updates will henceforth be focusing on what our team is building, how we intend to build our ecosystem, and what we accomplished this past week instead of being so testnet focused.

In the meantime, do continue to stay with us and keep yourself updated with our newsfeed. Do check our ongoing initiatives below to build our MonoX ecosystem.

📢 MonoX Ambassador Programme — Monogenes

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

Last week, we announced the start of our exclusive ambassador programme. MonoX Ambassadors are the driving force of the MonoX Protocol. The public lead initiative is made of DeFi enthusiasts who believe in the future of the MonoX Protocol and want to contribute by playing a key role in our community and ecosystem. So far we have had nearly 300 applications from the community!

🎁 Enjoy with 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 programme here!

🤝 Be the driving force of MonoX Protocol!

📰 Other Updates

🥁 Next Exciting Thing — Beta Launch Competition

Did you have fun during our Scavenger Hunt Event? Here is another chance for you to win some cash prizes. Stay with us because we are releasing our next big event this coming Wednesday!

💡 A unique and exciting event

💰 $10,000 prize pool USDC up for grabs

🔥 2 Different competitions with a total of 30 winners

Get yourself ready by reading out AMM on our Docs and old medium articles, it might give you a head start!

🤑 Testnet Bug Bounty Rewards

We understand that the community is excited about their allocation of the bug bounty share. We guarantee that all those who participated by submitting legitimate bugs with relevant supporting documents will be rewarded accordingly. We are working out allocation over the coming weeks and will have the result out by the first week of August. We are also reviewing submissions made via the Telegram and Discord group to ensure that participants are receiving the right share of the bounty.

We are proceeding with the process carefully because we want to reward only those who have submitted legitimate bugs or provided useful suggestions to be rewarded rightfully. Therefore, we seek your kind understanding in the delay.

🍻 Community #happyhour Session

Our first ever community #happyhour last Friday was met with great response! We have learned a lot from the community about their lives, culture and views on the project. We are again thankful for the community support for our events. Look forward to our second #happyhour session in the coming weeks.

We have also understand that some of you may not have a mic or are not fluent in English, therefore, our future #happyhour sessions will be conducted over chat to make sure that everyone can participate! Be sure to join our community discord channel to stay connected for such updates!

📊 Updated Final Beta User Metrics

🔧Dev Team Update

🖥️ General Improvements

  • Improve decimal logic
  • Slippage tolerance logic
  • Token searchable without connecting wallet
  • Social sharing
  • Easily switch between Kovan and Mumbai networks

🧪 More Unit Testing

  • Ensuring that we prevent all possible errors
  • Maximise overall platform security

🆙 Up next

  • Twitter feed
  • Dark mode

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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