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Mdex adopts a new IMO mechanism to launch Demeter: empower MDX to be the cradle of quality assets

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2 years ago

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On September 13, Mdex launched the IMO for Demeter tokens and attracted over $350 million in participation.

At present, many projects on DApps are choosing to issue their initial tokens and establish liquidity in a decentralized way as it is more in line with the characteristics of the blockchain field. As a consequence, many blockchain entrepreneurs are looking for a launchpad that excels in issuing tokens and offering sufficient liquidity. This makes the competition for IDO functions enter a more refined stage: competitiveness and data playing the decisive factors.

Staking to earn new tokens: innovative IMO mechanism

IMO (Initial Mdex Offering) is an initial decentralized online exchange mechanism based on MDEX. The mechanism provides sufficient liquidity for projects while allowing users to participate more fairly.

By launching IMO under a new mechanism, MDEX not only finds more quality assets for users and but also empowers MDX. The first project under the innovative IMO mechanism is Demeter, a market protocol of decentralized cryptocurrency. DMT, the governance token of Demeter, is also issued through IMO with a liquidity pool created on Mdex.

The latest round of IMO on September 13 attracted 6,500 participants and raised a total of $350 million funds, on par with the achievements of Coinwind’s public offering in May. The highlight of this public offering is the rule of  “staking to earn new tokens” in the new IMO mechanism, with a total of over 1 billion MDXs participating in it.

The new mechanism allows users to participate in IMO with either MDX or xMDX, the Boardroom lock-in voucher. This rule frees up the liquidity of the MDXes locked in the board and provides all MDX holders with a fair opportunity to participate in the IMO. Lock-in voucher xMDX can receive different shares of tokens in the IMO, based on their different durations. Shares of tokens increase with the duration of the lock-in, i.e., the longer the lock-in period, the more tokens to be received for participating in the IMO.

For MDX holders, what’s even more exciting is that they are able to gain new tokens just by staking MDX, without losing their MDX or lock-in voucher xMDX positions.

Under the new IMO mechanism, participants can convert their lock-in profits into the platform tokens, which makes MDX “a gold shovel” for users. By exchanging the profits from lock-in revenue with new tokens, the platform introduces the compound interest method of investment, so that users can gain new opportunities with zero loss in their accounts.

Millions of active users: Mdex being “the first choice to launch projects”

IDO is a primary market which has always generated impressive yields. With the support of Mdex, however, it is even more valuable for investors to focus on IMO.

On May 25, Mdex conducted its first IMO, during which the Coinwind project attracted $380 million in participation, ending with a surprising number of 257 times the expectation. Meanwhile, 8,874 addresses participated in the IMO, with an exchange surpassing the expectation by over 25,726% and a token price increase by 500%, making it one of the most attractive projects. Such a heat and achievement made it impossible to even believe that it occurred right after the market crash on May 19.

After the launch of Mdex, it has quickly captured a large number of users, gathered super high liquidity, and became the headline DEX as well as the ideal IDO platform. Completing token issuance on Mdex not only ensures a large amount of active users of the platform, but also is an excellent publicity for the project itself, in terms of the promotion of its product and the building of its community.

User-friendly and community-oriented: Mdex being the cradle for high-quality assets

For entrepreneurs, Mdex is “the first choice for project launch”; in the eyes of investors, Mdex has an additional property of “the origin of multiple tokens”. Because of this expectation, Mdex has made the best professional judgment in project selection.

As the first project launched under the new IMO mechanism, Demeter is a protocol of decentralized lending and stablecoins based on Heco. It is now expected to become the MakerDao on HECO.

Demeter has introduced over-collateralization for lending. The innovation lies in that user’s credit limit will be generated according to their asset factor, which is based on their assets collateralized. The amount that users can borrow and mint stablecoins is restricted by the credit limit, so as to ensure the safety of the user’s property and that of the whole system.

Unlike traditional decentralized lending protocols, Demeter has optimized the interest rate model and collateral coefficient of its DeFi lending protocol. Demeter assets are more diversified, with the introduction of richer crypto asset types such as LP assets, collateral assets, NFT-fi assets, etc. This optimization breaks the restrictions of decentralized lending on collateral. As credit ratings have been conducted with these assets, the lending model between currencies is highly matched, while the algorithm of interest rate adjustment is more reasonable under the premise of ensuring security.

With the more diverse and secure lending service, DUSD, Demeter’s stablecoins demonstrate the same feature. Since DUSD is generated through multi-asset collaterals, it is much less risky and more stable than tokens generated based on single-asset collaterals.

Demeter has demonstrate its farsightness and practicality in innovatively breaking the ceiling of DeFi lending collateral asset, resisting the price volatility of decentralized stablecoins, and liquidation.

The new IMO mechanism brings fair opportunities to all MDX holders. The recently released Hunter program, which provides a total of $10 million to support quality projects, will further lift the competitiveness and attractiveness of Mdex in terms of IMOs. This will help build a new business ecology that covers more application scenarios and is deployed on more chains, providing global users with more convenient, high-performance, low cost and undifferentiated financial services.

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Press Release

Wojak Inu Goes Live on Dex-Trade, Aiming for New Heights

Crypto Chain Wire

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1 week ago

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May 25, 2023

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Wojak Inu, a new memecoin project, is creating a buzz in the crypto world. Recently listed on Dex-Trade Exchange, Wojak Inu offers users an innovative and secure way to invest in digital currency. The project comes with no taxes, locked and burned liquidity pool (LP) tokens, and a renounced contract.

With its unique features, Wojak Inu aims for greater heights as it continues gaining momentum in the memecoin niche. The latest listing operation is an essential milestone in its journey to becoming a significant player in the crypto space.

The Importance of the Latest Listing Operation

$WOJAKINU’s listing on Dex-Trade is an essential milestone in the growth and development of the memecoin project. It’s a significant step in making the memecoin more accessible to traders and investors. With its new listing on Dex-Trade, Wojak Inu ($WOJAKINU) now has a variety of trading pairs available with high liquidity.

Specifically, crypto enthusiasts can trade Wojak Inu ($WOJAKINU) on the platform with the $SHIB, $DOGE, and $USDT. This makes it easier for traders to access the memecoin and take advantage of its many benefits.

Dex-Trade is one of the leading exchanges in the crypto space. In this context, Wojak Inu’s team is delighted to be part of its growing network. With its listing on the exchange, Wojak Inu ($WOJAKINU) can now reach a much wider audience and gain further recognition.

Following $PEPE’s Success

Wojak Inu is a decentralized asset that offers users an innovative and secure way to invest in digital currency. The team has allocated 92.8% of tokens to the liquidity pool, LP tokens burnt, and a smart contract audit completed by SolidProof. 

The team is leading a large marketing campaign to create market awareness around the project. As a community-based cryptocurrency, Wojak Inu has gained popularity among crypto enthusiasts and investors. 

Its community has grown rapidly, with crypto enthusiasts joining every day to be part of this new venture. With a strong development team and a dedicated community, Wojak Inu looks poised for success in the world of cryptocurrency.

Seeing the success of $PEPE, Wojak Inu decided to capitalize on it by introducing new features targeting the memecoin sector. Having already hundreds of Hodlers on board, they look forward to further crypto growth.

About Wojak Inu

Wojak Inu is a memecoin-based project that seeks to revolutionize this growing niche. It features unique characteristics, such as zero taxes and LP burnt/contract renounced.

The community powers this project, and the team has plans to create generational wealth for its holders. The future of Wojak Inu will see NFTs, merchandise, staking, farming, and Tier 1 Exchange listing.

Going live on Dex-Trade marks an essential milestone in the growth of Wojak Inu. With a growing community, innovative features, and comprehensive marketing campaigns, this initiative aims for greatness.

Its website and social media pages are valid sources to follow the project’s latest developments.

Telegram | Twitter

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Press Release

Cogito announces New Digital Asset Class – Propelling Crypto into a New Era with AI

Crypto Chain Wire

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1 week ago

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May 24, 2023

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With the release of its CGV coin, Cogito Protocol is presenting an AI-powered solution in the Crypto space that will change the world. This revolution will begin on SingularityDAO, Seedify, GeniusX, and EnjinStarter on June 2nd 2023.

The Cogito protocol provides a framework that creates “tracercoins”, which are digital assets with low volatility. These tracercoins are an entirely new asset class – AI-powered, Fiat Independent and have the potential to become the dominant form of exchange and value storage mechanism. 

These digital assets are designed to offer stability without being directly correlated to traditional currencies or commodities. Instead, they are linked to non-financial indices that represent human progress, with an example of a GCOIN being pegged to an environmental Green Index.

The Important Details to Know About CGV

The Cogito Protocol is launching the CGV Token Generation Event (TGE) on June 2nd 2023. Sales will start from 29th May 2023 across the various platforms mentioned below. The Cogito Protocol’s governance and utility token, CGV, will enable the community to directly contribute to the roadmap of the project and influence various parameters of tracercoin

The total supply of CGV will follow a predetermined distribution:

More detailed information about the TGE and Cogito Tokenomics can be found here. 

Disrupting the Crypto Sector with Tracercoins

Cogito is transforming the crypto sector with its innovative tracercoin concept. Tracercoins are digital assets pegged to non-financial indices and maintain their stability through soft pegging. 

The system consists of a data layer and an AI tool layer, which generate a Green Index. This index tracks positive progress towards a net-zero economy with roughly 1-2% appreciation.

GCOIN is the first tracercoin coming from Cogito, and it traces the Green Index on a 1:1 basis. 

To maintain the peg, Cogito has implemented a mechanism known as the ‘Capital Adequacy Ratio’ that works as a foundation for a number of underlying functions.

Extensive financial modeling ensures that the tracercoins offer users stable deposit rewards and are financially stable over the long term. 

The team’s paper on Academia.edu provides more information and simulations. Through its tracercoins, Cogito is disrupting the crypto sector and providing a much-needed solution to the challenge of price volatility. Check here for more information on the team behind Cogito Protocol. 

About Cogito

Cogito Protocol is a spin-off of SingularityNET, a renowned AI-oriented company. Cogito offers a framework for creating tracercoins, which are a new class of assets that range from low to medium-volatility growth assets. This approach helps attract a diverse, global investor base with a low to medium risk appetite.

Cogito applies the highest standards of risk management schedules for regulatory compliance, asset protection, and market integrity. The roadmap has five phases: ecosystem integration, extended portfolio, risk-weighted reserve, multi-chain presence, and use cases outside crypto.

By employing SingularityNET’s AI technology, Cogito offers users unparalleled capital deployment and risk management opportunities. Anyone wishing to discover this upcoming project can visit the team’s website. The social media pages below are also a more than valid source of information.

Twitter | Telegram | Linkedin | Medium | Discord

Enquiries related to Marketing/ Business/ PR, do contact us here.

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Press Release

BULLZ and Mazer Gaming Partner To Educate, Entertain and Expand Web3 GameFi Space

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4 weeks ago

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May 9, 2023

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BULLZ, the Web3 social platform, and growth marketing leader, today announced its partnership with Mazer Gaming, an esports and entertainment organization actively involved in growing the Web3 GameFi space. The partnership will enable Mazer Gaming to connect with the rapidly growing team of 60k+ creators on BULLZ, while onboarding its network of dedicated gaming video creators and streamers onto the BULLZ app. As a result, the Web3 gaming industry will see an influx of skilled content creators ready to spread storytelling, education, and adoption.

Thanks to the recent launch of BULLZ creator rewards for publishing video content on Twitch, Mazor Gaming will onboard a number of notable Twitch creators, including:

  • Choi (34.5k followers)

Valued at $1.39billion in 2022, and expected to grow at a CAGR of 16.7% over the next seven years (yahoo!finance), the esports industry, which has been gradually gaining ground since the 1970s, is now beginning to expand into a multi-billion dollar industry thanks to the prevalence of streaming software. Meanwhile over the past few years blockchain technology has enabled game publishers to enter the blockchain gaming (GameFi) sector and incentivize players, and creators, to monetize their passions. 

BULLZ empowers creators to get rewarded for video content that spreads awareness and education for blockchain, NFTs, DeFi, and DAO projects. Described as the “TikTok for Web3”, the platform has garnered more than 96k+ peer-reviewed videos since its launch in late 2021. Using the integrated WOM Protocol‘s authentication system, BULLZ ensures only high-quality content is eligible for earning WOM rewards. With an average of more than 400+ users rating each video, the community acts as content nodes, establishing trust in the content. The WOM Protocol automatically rewards creators for their content, and authenticators for their peer reviews, ensuring the community is valued for their contributions. 

As a versatile esports organization with an active presence in Web3, Mazor Gaming is helping to bridge the gap between esports and GameFi by spreading more education and adoption of blockchain, crypto, and NFTs. In this effort, Mazor Gaming has launched a monthly crypto-infused esports event, the Mazer Gaming Gives Back Tournament Series, that features a wide range of game titles and raises money for charity during the stream. 

Through the partnership, Mazor Gaming will gain access to user-generated content via the BULLZ Campaign Manager, while onboarding its own creator network onto the BULLZ app to join collaborations. The BULLZ Campaign Manager empowers Web3 projects to create multi-layered content strategies to meet multiple goals from maximum reach and engagement to authenticity and trust. Creators on the BULLZ app are instantly notified each time a new campaign is launched onto the Campaign Manager. From here creators can discover campaigns and decide whether they want to participate by creating engaging videos in exchange for rewards. Creators can increase their earning potential further by sharing the content on their wider social accounts, which now include Twitch. Numerous Web3 projects, such as 8 Finance, Youmeme, Monkey League, and Safe ZK, have already achieved great success by collaborating with creators. 

Mazer Gaming is a leading esports and entertainment organization with a mission to create championship-winning teams and produce entertaining content for fans. With a diverse 70+ team consisting of players, streamers, creators, and managers, Mazer Gaming is focused on creating a supportive community to drive to the top of esports. Founded in 2014, Mazer Gaming has since competed for various game titles, including Fortnite, Gears of War, Super Smash Bros, Pokemon Go, Halo, CS:GO, and many more. In addition, Mazer Gaming has also held its own tournaments.

The new partnership between BULLZ and Mazer Gaming provides an exciting opportunity to tap into the professional esports community and onboard gaming savvy content creators to the BULLZ network. In addition, it provides Web3 projects that are looking to revolutionize the GameFi space with the means to unlock education and drive onboarding by launching campaign collaborations with content creators. 

Samuel Kijak, CEO & Owner of Mazer Gaming, said: “The gaming sector is witnessing remarkable potential for Web3 technologies. We are delighted to collaborate with BULLZ and extend our esports community through their creator network. Together, we can offer clients and partners a compelling value proposition, centered around creator-driven marketing. Video content is the most captivating and influential marketing medium, and we are pleased to align with a platform that has accumulated outstanding partners and possesses a profound understanding of the space.”

Melanie Mohr, CEO & Founder of BULLZ, said: “Mazer Gaming has a great team that are not only growing a highly successful esports organization but helping to bridge the gap between Web2 and Web3. We’re excited to welcome Mazer Gaming and their amazing gaming creators into the BULLZ community and to firmly establish BULLZ’s expertise in the GameFi space.”

-ENDS-

About the WOM Protocol

WOM (word-of-mouth) Protocol is a blockchain-based protocol that gives brands, content creators, publishers, and social networks a way to monetize word-of-mouth recommendations on any website, app, or platform. WOM is backed by dozens of investors from around the globe. For more info about WOM: https://womprotocol.io

About BULLZ

BULLZ is a dedicated platform for discovering authentic blockchain and crypto-related recommendations. Users can find trending projects, discuss them together with other crypto enthusiasts and experts and can get rewarded for sharing their own videos about the projects and companies they love. With the “create to earn” model, users are rewarded with WOM Tokens for their recommendations directly within the app. For more information about BULLZ: https://bullz.com

About Mazer Gaming

Mazer Gaming is a leading esports and entertainment organization. Founded in 2014, Mazer Gaming has established itself as a trusted name in the industry, fostering a community of gamers and fans alike and fielding top-tier teams across multiple games including Pokemon Go, Call of Duty, Fortnite, and Valorant. For more information about Mazer Gaming: https://mazer.gg/

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