MonoX Finance Public Sale Whitelist on Huobi

MonoX is a multi-layer, multi-chain DEX that solves the capital inefficiencies created by liquidity pairs, using a single token pool model.

MonoX Finance Public Sale Whitelist on Huobi

Sale will take place on a first come, first served basis, same as CoinList.

Eligibility

To participate you need:

• Hold in your wallet minimum 50 USDT

Participation Process:

  • From 10:00 (UTC) on Nov 25 to 11:00 (UTC) on Nov 25, eligible users can register to participate in this event. Their USDT balances in the Exchange account will be locked automatically once they complete the registration.
  • From 11:00 (UTC) on Nov 25 to 12:20 (UTC) on Nov 25 the system will randomly select 4,000 lucky users among all participants to qualify for the purchase and allocation of 50 USDT worth of MONO each. Those users will see their sequence number (1 ~ 4,000) on the web page.
  • For the rest of the participants, their USDT tokens will be automatically unlocked and made available in their Exchange accounts

Register via HT Holding

Eligibility: 

  • Sign up on Huobi Global and complete the advanced verification process before 10:00 (UTC) on Nov 25 (if you have not done so already)
  • Have 3-day minimum average holdings of 300 HT between 16:00:00 (UTC) on Nov 21 and 15:59:59 (UTC) on Nov 24, during which you can check your HT holdings at any time on the event page. In addition,ensure you have the minimum USDT holdings required to place ordersaccording to the following table.Please note that all payments will be made in USDT.
3-day average HT Holdings Max Amount for Order Placement Minimum USDT Holdings Required
300≤x<1000 50 USDT 50 USDT
1,000≤x<3,000 100 USDT 100 USDT
3,000≤x<5,000 150 USDT 150 USDT
5,000≤x<10,000 200 USDT 200 USDT
10,000≤x<50,000 250 USDT 250 USDT
50,000≤x<500,000 750 USDT 750 USDT
x≥500,000 2,000 USDT 2,000 USDT
  • From 10:00 (UTC) on Nov 25 to 11:00 (UTC) on Nov 25, eligible users can register to participate in this event. Their USDT balances will be locked automatically once the registration completes.
  • From 11:00 (UTC) on Nov 25 to 12:20 (UTC) on Nov 25, the system will automatically execute purchase orders with the maximum amount of USDT they can use for the order placement (as shown in the table above) and allocate new tokens for each participant on a pro rata basis.
  • After the allocation, any remaining USDT tokens will be sent to their Exchange accounts.

The number of new tokens allocated for each participant = The order amount in USDT for each participant/the order amount in USDT for all participants * The number of new tokens offered

 Please Note:

  • Huobi Global will open MONO deposits and spot trading (MONO/USDT) at 13:00 (UTC) on Nov 25
  • Huobi Global will open MONO withdrawals at 10:00 (UTC) on Nov 28.
  • Margin trading, futures trading, and promotions for MONO with attractive rewards will go live shortly after spot trading for MONO opens. Please stay tuned!

 Terms & Conditions:

  • Huobi Tokens (HT) held in all Huobi Global accounts (excluding Huobi Cloud Wallet) are counted within the scope of the snapshot. The snapshot will randomly take place every 24 hours, starting from 16:00:00 (UTC) on Nov 21 to 15:59:59 (UTC) on Nov 24.
  • To avoid irrational operations, the platform will restrict the use of Marker Order within the first 5 minutes after spot trading starts. The prices set in Limit Order shall not be higher than 10 times the price set in this event.
  • If there are no orders on the orderbook within 90% ~ 110% of the last price, all new Market orders placed for buying/selling will be canceled automatically to prevent slippage. Please ensure that you have done sufficient risk assessment when trading newly-listed tokens, as they are often subject to high price volatility.
  • Users from the following countries or regions will not be permitted to participate in this Primelist event: Mainland China, Taiwan China, Hong Kong China, Macao China, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Singapore, and Crimea.
  • Orders using API will not be available during the Primelist event.
  • The primelist event is not open to sub-accounts.
  • Huobi reserves the right of final interpretation for all aspects of this event, and the right to disqualify any participant who shows signs of fraudulent behavior.

About MonoX

MonoX is a multi-layer, multi-chain DEX that solves the capital inefficiencies created by liquidity pairs, using a single token pool model.

We use single-sided liquidity by creating a virtual pair with vCASH index tokens. This new protocol design results in lower trading fees, lower capital requirements to deposit for Liquidity Providers, less siloed capital, etc. Projects can also launch their tokens with zero capital required.

It also creates opportunities for additional DeFi products/services such as lending and derivatives markets, as well as offering the most capital-efficient way to trade ‘Value Backed Tokens’ – VBTs, such as NFT shards, synthetics, gaming tokens, and insurance tokens.

Key Features:

At TGE our key features will be:

Swapping

  • Trade between any token listed on our platform.
  • Exchanging Token A with Token B always works by swapping Token A to vCASH and then from vCASH to Token B.

Providing Liquidity

  • Deposit tokens in a liquidity pool, receive your share of the pools reserve in the form of LP tokens. You only need to deposit one kind of token.
  • Start earning trading fee rewards for pool activity.

Removing Liquidity

  • Redeem your pro-rata fee rewards by withdrawing/burning your LP tokens.

Official Pools

  • Official pools, main base pairs ETH, MATIC, USDC, USDT (vCASH balance can go below 0).
  • Tokens are deposited into a virtual pair with vCASH.

Trustless Listing Pools

  • Permissionless listing of new tokens
  • vCASH balance cannot go below 0. (User protection feature).

Token distribution and lock-in:

Allocation Allocation Rate Token Release Schedule
Seed 8% Locked in tradable MONO Future Token, 8% unlocked at TGE, unlocking 11.5% every 3 month (24mo).
Strategic 7% Locked in tradable MONO Future Token, 13% unlocked at TGE, unlocking 14.5% every 3 month (18mo).
Private I 5% Locked in tradable MONO Future Token, 16% unlocked at TGE, unlocking 21% every 3 month (12mo).
Private II 3% Locked in tradable MONO Future Token, 19% unlocked at TGE, unlocking 27% every 3 month (9mo).
Initial Liquidity 3% MONO in our own Liquidity Pool at TGE/launch.
Token Emissions 42% Initial reward 42,000 MONO issued per 6,000 blocks decay at 0.999.
Treasury Reserve / Security Insurance 11% Locked until DAO creation, never sold on open market.
Team 11% 6-month cliff. Vested over 2 years, released every 6 months.
Partners & Advisors 6% Locked in MONO Future Token, unlocking 25% every 6 month.
Marketing and Ecosystem Growth 4% 50% released on TGE

Project timeline:

Q4 2021 Mainnet Launch – Monoswap and vCASH launch on Ethereum mainnet + Polygon with full swap and liquidity features.

Q1 2022 Derivatives, more ecosystems supported and cross-chain swap

Q2 2022 Lending and more derivatives

Q3 2022 Release IDO and launchpad product

Q4 2022 Orderbook trading

Team background:

Co-founders in the crypto space since late 2016. The CEO, founder and tech lead have worked together on blockchain side projects since 2016, while working full time as CTO for various start-ups in the AI and E-commerce space and in Venture Capital. The other co-founder is a two-time start-up co-founder, worked previously at ConsenSys, and possesses expertise in business management, growth marketing, and token launches, in addition to his experience working in Venture Capital.

Together, they have scaled the team to 20 people, with 17 developers across three cross-functional scrum teams, and three people on the business development/growth team.

Related links:

Dapp: https://monox.finance/home

Twitter:https://twitter.com/MonoXFinance

Telegram: https://t.me/MonoXOfficial

Discord: bit.ly/MonoXD, Medium: https://medium.com/monoswap

Content on this page was provided by the MonoX Finance team.


REGISTER ACCOUNT TO GET BIG BONUS 💰!

BINANCE | HUOBI | MEXC | KUCOIN | BYBIT | GATE | FTX | COINLIST


Follow us to get the best Whitelist Alerts:
Join Telegram: https://t.me/whitelist_alert
Follow Twiter: https://twitter.com/whitelistalert
Join Facebook Group: www.facebook.com/groups/whitelistalert
Bookmark the website: https://whitelistalert.com/

Leave a Reply

Your email address will not be published.