The DYMMAX protocol for issuing DeFi options without full collateral attracted softcap in the first 25 minutes after the start of the initial exchange offering (IEO) on the Probit crypto exchange launchpad.
Less than a week remains until the end of the token sale.
DYMMAX – is a new decentralized protocol for issuing DeFi options based on a pricing model developed by Stanford University scientists and refined by the project team. The innovation of the platform lies in the fact that sellers are not required to issue DYMMAX options: the buyers are enough. Payments to option holders are guaranteed by the shared money pool implemented in the smart contract.
The DYMMAX innovative protocol launched a token sale on November 20. The first round of IEO will last 10 days and will end on November 30 at 18:00 MSK. During this sale 2.1 million DMX tokens were put up for sale at a price of 1.25 USDT/DMX.
There are bonuses provided for participants of the first stage of IEO: additional 10% DMX when paying in USDT, BTC and ETH and 15% DMX when paying in WAVES and ERG.
DMX emission is limited to 10 million tokens. Traders will use them to lower transaction fees, pay for DYMMAX services, manage the platform’s ecosystem, and generate passive income in liquidity pools that have the potential to compete with popular DeFi platforms such as Uniswap. Through DMX, the community will choose new trading tools, fees, and blockchains to integrate with the DYMMAX protocol.
In the meantime, the platform offers to participate in the competition,
help them choose a blockchain for further development:
After the completion of the IEO, DMX tokens will list on Uniswap, 1inch and others decentralized crypto exchanges. The project is also negotiating with the five largest centralized trading platforms.