Ethex — a decentralized exchange for exchanging ETH and ERC20 tokens. In May 2019, platform version 2.0 appeared, a new protocol that includes the Ethex Maker Rewards (EMR) token and ETH rewards as incentives for market makers.
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About the Ethex platform
Project 2.0 will include the EMR (Maker Reward) token. This new token has several major innovations and will drive market makers on Ethex. More details are available in the blog post on Medium. In addition, there are other informative articles on the Ethex project here. Some quick notes on EMR:
- Ethex does not sell or mine this token.
- You can earn EMR through trading on the exchange and it is an integral part of the 2.0 trading protocol.
- Top market makers (total trading volume) will compete to earn EMR.
- 50% of ETH fees, collected by the platform, will go to EMR holders via a decentralized protocol.
- The total supply of tokens is deflationary, predictable and determined by the protocol at launch.
Plus, the developers are happy to announce that SNT is available in the list of useful tokens. "WeChat of Ethereum" Status has developed several impressive technologies, including the Ethereum naming service that runs on a token. Use SNT in the Status mobile app (available on iOS and Android) to register an Ethereum Name Service (ENS) address at stateofus.eth.
Other dapp features
The EMR marker is inherent in how trading works on the platform. These tokens help to reward creators and their supply has a limit. The owners of these tokens are entitled to trading commissions under contract 2.0. This means that the EMR token is fundamental in the form of fees, paid quarterly.
The fairness of the project is confirmed by the work of the blockchain, but there is still no information about the audit of the smart contract. From social networks, the community is available on telegram and twitter. Since the project is just developing, the number of subscribers does not exceed 100 people. Follow the news on social networks and get the latest information.