NFT Platform MarX Token (MARX) Gets off to Blazing Start with a Pair of IEO Sellouts on ProBit Exchange
On the heels of a blazing fast first and second round IEO sellout on ProBit Exchange, MARX has completed a successful $700,000 campaign and is all set for listing on April 27 including a trading competition featuring 2,000 USDT in rewards.
MarX Token aims to provide a robust support platform for technical asset management, pioneering a world with new-found economic independence.
Through a congregation of consumer-generated needs data and subsequent big data analysis, MarX Token will shape a “metaverse ecosystem network” empowering creators and reshaping value. A product of this philosophy is the MarX DeFi-NFT Platform which is a blockchain-based network that offers NFT holders new levels of privacy, scalability, and trading convenience.
The MarX DeFi-NFT Platform is housed on the Polkadot framework substrate and enables the deployment of scalable NFTs and the necessary infrastructure for dApp development. Nestled within the MarX DeFi-NFT Platform, is MarX Project, which was created to address blockchain error correction issues within the proposed network. This process leverages the consensus algorithm (BFT-DPoS) which is a Delegated Proof of Stake (DPoS) model. The primary differentiator between the MarX consensus and the EOS native consensus lies within the initial payout model.
Similar to the Bitcoin consensus protocol, MarX will have a fixed token supply and utilize a logarithmic-based return schedule. Block rewards will be sourced at genesis and consist of 60% of the total token supply.
Holders of MarX Token are granted stakeholder rights within the MarX ecosystem and enabled participation in the governance process. MarX DeFi-NFT Platform users can receive MarX Tokens through a unique staking protocol, liquidity pools, and through an incentivization structure contingent upon ecosystem expansion.
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ABOUT MarX Token
MarX Token is an ERC20-based governance token and grants holders influence over technical, governance, and operational changes. Token holders participating in the voting process will have their tokens locked during the pre-determined voting period or until consensus is reached. Upon completion of the MarX DeFi- NFT Platform, MarX Tokens will serve as a standalone native token easily transferable to the Ethereum network.
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