The project aims to develop a decentralized ecosystem on Binance Smart Chain (BSC).
Contents:
Description of the 0x1 Finance project
2020 was the brightest year for the cryptocurrency and blockchain sector, with hundreds of innovative technologies and ideas introduced, especially Decentralized Finance (DeFi). Decentralized Finance (DeFi) has seen a surge in interest and has changed the way finance is viewed. Profitable farming has become a popular way of distributing tokens, tokenized BTC is growing on Ethereum and BSC, and flash credit volumes are skyrocketing.
0x1 Finance offers several products in its ecosystem, including 0x1 AMM and OTC DEX, 0x1 DeFi Incubator and 0x1 Mutual Fund. The 0x1 Finance ecosystem runs on a two token model that includes a BIN governance token and an XBIN mutual fund token.
Some features:
| 1 | XBIN allows its holders to receive a share of the proceeds, generated by the 0x1 mutual fund. |
| 2 | The developers want to make 0x1 Finance a successful platform with a growing community and users. The team is ready to face any obstacles that may be encountered on the way to achieving the goal. |
| 3 | The 0x1 Finance platform provides a decentralized and secure trading environment on the Binance Smart Chain (BSC). It consists of two parts: AMM and OTC. |
In exchange for providing liquidity to the protocol, LPs receive a commission on trades. In the case of 0x1 AMM DEX LPs contribute the equivalent value to two tokens - for example, 50% BIN and 50% BNB into the BIN / BNB pool. 0x1 AMM DEX charges traders a total commission of 0.30%, where 0.25% goes directly to LP and 0.05% goes to 0x1 storage. LPs also earn BIN tokens by placing their LP tokens from selected pairs.
Additional platform details
Developers provide a WhitePaper document. With its help, you can familiarize yourself in more detail with the project, its features and rules of work.
Also, social networks are being actively pursued:
- twitter;
- telegram;
- reddit.
There is a blog on the Medium platform, where articles with news and updates are available. The smart contract has not been audited.