What is MonoX Finance? Basic information about MonoX Finance and MONO

• MonoX Finance project overview
• What is the MonoX Finance project?
• What are the highlights of the MonoX Finance project?
• Products of MonoX Finance
• MonoX Finance developers, investors and partners
• MonoX Finance's development roadmap
• Overview of the MONO . token
• What is the MONO token?
• Information about the MONO . token
• Token allocation MONO
• Where can I buy MONO tokens?
• The future of the MonoX Finance project and should you invest in the MONO token?
• summary

MonoX Finance project overview

What is the MonoX Finance project?

MonoX Finance is a DeFi project created with the goal of re-optimizing the capital generated by liquidity pairs using a single token model. That is, MonoX Finance will pool the deposited tokens into a virtual cryptocurrency pair with the stablecoin vCASH, instead of using the usual liquidity pairs. Thereby, MonoX Finance offers users a product called MonoSwap – a DEX with low transaction costs.

MonoSwap helps liquidity providers optimize the efficiency of using capital for escrow, and allows project owners to issue their tokens without capital. With MonoSwap, developers can leverage funds to focus on building their projects.

What are the highlights of the MonoX Finance project?

MonoX Finance also has the following highlights:

More efficient on capital

For other platforms, investors who want to provide liquidity must add at least 2 tokens to the Pool. With MonoX Finance, users only need to provide a certain token (let's say token A) to become a liquidity provider. This increases decentralization and increases capital efficiency. 

For projects, developers can issue their tokens with zero capital.

Lower transaction fees

All liquidity pools or pairs are in the same smart contract with the ERC-1155 standard. Internal interaction within the same contract will be cheaper, helping users save transaction costs.

In addition, creating a virtual token pair with stablecoin vCASH also avoids long transaction paths, ie shortening paths in the process of swapping token A to token B. Therefore, each transaction costs only a fee of 0.3% of the total amount of the transaction.

Allow borrowing and lending from the same Pool : The borrowing and lending process is more optimized because investors do not have to withdraw/retain two tokens to keep the same contribution rate to the Liquidity Pool.

Products of MonoX Finance

Virtual Pair : MonoX Finance's liquidity pool will include token A and virtual currency pair. The virtual currency pair is the liquidity pool of a regular ERC-20 token and a virtual stablecoin (vCASH). vCASH does not actually exist in the Pool but is only displayed as a balance. Each Liquidity Pool will have an initial balance of zero, but when token A is sold the result is token A's balance decreases, vCASH balance increases and vice versa.

vCASH : A new stablecoin introduced by MonoX Finance. vCASH is backed by all assets in MonoX Finance's liquidity pools. All assets in MonoX Finance's Pools are undervalued in vCASH.

MonoX Finance AMM : AMM uses a Liquidity Pool with a single token model.

• Swapping : This feature allows to trade any ERC-20 token listed on the platform. Swapping token A with token B always works by transferring token A to vCASH and then from vCASH to token B
• Providing Liquidity : Investors only need to deposit a single token into the liquidity pools to receive LP tokens back. After that, they can start receiving a transaction fee when the pool activities take place
• Removing Liquidity : This feature allows investors to redeem transaction fee rewards by withdrawing/burning their LP tokens
• Official Pools and Trustless Listing Pools : In which, Official Pools are moderated by DAO and tokens deposited into Official Pools will become virtual currency pairs with vCASH. Trustless Listing Pools will keep the vCASH balance always above 0, in case the vCASH balance reaches zero, the project will not be allowed to list new tokens.
• Futures : This feature will lock the project's tokens in a smart contract until the maturity date. Investors will receive Futures tokens back and it acts as a Synthetic asset (at a ratio of 1:1) representing the project's token. After the maturity date, Futures tokens will be burned and they will receive project tokens

In addition, MonoX Finance is in the process of finalizing the Lending & Borrowing and Derivatives protocols. 

Value Backed Tokens (VBTs) : These are tokens that projects use as collateral backed by assets such as Synthetic, NFT shard, Gaming token, Insurance token...

MonoX Finance developers, investors and partners

Development team

Ruyi Ren (Founder, CEO) : He has held various positions such as CTO of Kashir, Co-Founder and CIO of Jack AI.

Anthony Muñoz (Co-Founder, Lead Engineer) : He is a software engineer, specialized in AI and experienced in data analysis. 

Yury Labiak (Co-Founder, Lead Front End Engineer) : Yury Labiak is an IT specialist specializing in CCTV. He used to work in Hikvision device based video surveillance and has experience in solving local area network issues and PC troubleshooting.

Hugh Flood (Co-Founder, Head of Growth & Biz Dev) : He used to work as a security manager at ConsenSys and as a consultant at Saxon.

Investors

On September 17, 2021, MonoX Finance raised US$5 million in a seed round with the participation of investment funds such as: Axia8 Ventures, Animoca Brands, Divergence Ventures, Block Dream Fund , 3Commas, LD Capital, Rarestone Capital, Youbi Capital, Krypital Group, OP Crypto.

Partner

Currently MonoX Finance is collaborating with Polygon , Halborn, SIL Finance, StaFi Collaboration…

MonoX Finance's development roadmap

Q4 2021 : The project will release Mainnet, MonoSwap and vCASH versions launching on Ethereum Mainnet and Polygon with full swap and liquidity features.

Q1 2022 : MonoX Finance launches derivatives market, supports more ecosystems and integrates Cross-chain swap.

Q2 2022 : Project to release Lending & Borrowing products and other derivative products.

Q3 2022 : MonoX Finance will release the IDO platform and Launchpad product.

Q4 2022 : The project will launch the transaction feature according to the Orderbook model.

Overview of the MONO . token

What is the MONO token?

MONO is the governance token of MonoX Finance. MONO holders will be able to participate in DAO voting and own the treasury. Specifically, the MONO token will have the following functions:

• Administration
• Join the network
• Incentive mechanism for liquidity providers
• Retroactive and Airdrop for early users
• Long-term value accumulation: This is considered a network effect solution that provides an incentive to help the value of MONO tokens increase as MonoX Finance develops.

Information about the MONO . token

• Ticker: MONO
• Blockchain: Ethereum
• Total Supply: 100,000,000 MONO

Token allocation MONO

• Marketing: 4%, of which 50% is distributed at TGE
• Partners and Advisors: 6%, of which 25% will be unlocked every 6 months
• Team: 11%, of which this token will be locked within 6 months and distributed every 6 months within 2 years
• Treasury Reserve: 11%
• Seed Round: 8%, of which 8% of MONO tokens will unlock after TGE, 11.5% will be unlocked every 3 months (24 months total)
• Strategic: 7%, of which 13% of MONO tokens will unlock immediately after TGE and unlock 14.5% every 3 months (18 months total)
• Private Round I: 5%, which unlocks 16% immediately and then unlocks 21% every 3 months (12 months)
• Private Round II: 3%, of which 19% of MONO tokens are unlocked immediately TGE and 27% will be unlocked every 3 months (9 months)
• Initial Liquidity: 3%
• Token Emissions: 42%

Where can I buy MONO tokens?

MONO tokens will be sold on Huobi Primelist on November 25, 2021. In the future MONO will be listed on AMM of MonoX Finance. However, the MONO token is currently not listed on any other exchange.

The future of the MonoX Finance project and should you invest in the MONO token?

MonoX Finance offers an optimal solution that is more efficient to use capital when users participate in providing liquidity on this platform. At the same time, thanks to MonoX Finance, developers can issue their tokens without additional capital. In addition, for traders, it is much more cost-effective to swap tokens on the MonoSwap product than on other platforms. Although, the project still has many features yet to be released. However, with the current support utilities, we can see that the project brings a lot of benefits to users.

In addition, the project also conducted many Audits with Halborn. This shows that users can safely use MonoX Finance's products when they have been censored for safety and security.

summary

Overall, the MonoX Finance development team wants to build and shape a new economy that has a positive impact on the crypto investor community. Thereby, they will release new DeFi products and services that put the interests of users first. With the above information, hopefully readers have been able to make their own judgments about the project, thereby making investment decisions for themselves.

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