Weekly Update 8/3

In this week of our #WeeklyUpdate, we will be sharing key progress on our bug bounty programme and ambassador programme. Our team has been working hard with regards to the allocation of the test net bug bounty rewards, and we are excited to announce that the results will be released later this week. We will also officially kick off the Ambassador programme where we will release key details on the Ambassador hierarchy and reward system.

Did you missed our first #happyhour session? Fret not, we will be having our second session of #happyhour this coming Friday! Be sure to join this session to meet the MonoX Team and learn more about the MonoX Protocol. The details of the session are in the article below.

Lastly, while the MonoX team works towards a Q3 release we thank our community for your continuous support for the MonoX Protocol. In the meantime, stay with us for updates on our newsfeed. Be sure to keep yourself up to date with ongoing events to get involved with our MonoX ecosystem.

🚀 Beta Launch Competition

It is not too late to join our Beta Launch Competition, there is still plenty of opportunities for newcomers to join and even win. We thank our community who have taken part for your amazing support. Be sure to use our social share features to share your token with your friends!

Sign up for the beta launch competition here!

💰 Competition One: Highest vUSD Amount in Pool

Launch your own Testnet token and win with the most popular token. Get users to purchase your token to increase your vUSD pool balance in the.

💸 Competition Two: Highest vUSD Amount in Wallet

Be the leading vUSD holder, the winners of this competition will be chosen by the amount of vUSD that is in their wallet at the end of the competition. This is essentially a trading competition for users. Make swaps into vUSD to accumulate the coin.

The team has also worked hard on the entries to discern who are not adhering to the rules and regulations of the competitions. We are working hard to ensure that the end result of the competition will always be fair. Those who are not obeying the rules will be disqualified from participating.

📈 Our leaderboard

We have released our leaderboard for our Beta Launch Competition! Want to know where you stand in the competition, check out our leaderboard here!

📢 MonoX Ambassador Programme — Monogenes

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

This Wednesday, we will release our official guide for our ambassadors to contribute to their respective divisions. Our ambassadors will then be ready to initiate some exciting events in August for our community. Be sure to check them out.

Our Ambassadors Programme is run on a rolling basis and we have continued to onboard users into Discord. As such, you are welcome to sign up anytime. We are currently looking for immediate help on QA, translators, and local community meetup initiatives!

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.

🎁 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!

🍻 Community #happyhour Session

We will be organising our second community #happyhour session this friday where you will have a chance to chill with our team and have a great time with the community.

📢 Happy Hour now every fortnight!

💬 Chat with our team

📗 Lean more about MonoX

✨Enjoy your weekend

📅 06 Aug, 2pm GMT

🎧 MonoX Discord Server, 🍻-happy-hour channel

💾 Save it to your calendar!

😈 Our #happyhour session runs fortnightly, exclusive on our discord server!

💰 Testnet Bug Bounty Distribution

This week we will be releasing the result of the testnet bug bounty programme. We would once again like to thank our amazing community for all your wholehearted support for our testnet bug bounty programme. Our testnet bug bounty programme was initiated to help our development team identify and resolve potential bugs in the MonoX Protocol.

The two month bounty programme allowed the team to resolve all kinds of bugs from minor UI bugs to critical contract issues. The programme was deemed as a huge success thanks to our community contributions. Information on the distribution schedule will be officially announced on 📅 Friday, 06 Aug 2021!

🐵 Community Updates

We have also enrolled new moderators for their active participation and proactiveness in our Discord Server. Let’s welcome our new moderators 👏

• Leeland — hailing from Russia
• Parallacs — from Russia
• Zhukov — from Kazakhstan
• Satoshi — NY

Community Projects

📚 Moderator guidelines

by @Zhukov within the community!

🇷🇺 UX accessibility suggestions + Russian translations

by @Leeland, check them out here!

🇺🇬 Ugandan Community Meetup

by @brian778 with 23 people in attendance! Thank you so much for spreading the word about MonoX and educating your network about how we are trying to create a more capital efficient and fair DeFi ecosystem.

🔧Dev Team Updates

🥇 Contest Environment

• And all the bugs that come with it!
• Social sharing enhancements
• Updated RPC endpoint

🆙 Up next

• Mobile experience improvements
• BE database improvements
• Dark mode (ETA Thursday)
• LP APY
• Multiple Language Support
• Spanish
• Chinese (Traditional)
• Turkish
• Russian

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