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MPX

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Blockchain
Ethereum
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News

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What is MPX?

MPX - the first blockchain exchange, created to trade the tokens of the MARKET protocol position.

Contents:

  1. Why trade on the MPX blockchain platform?
  2. How to get started in a dapp application?
  3. Additional information about the Ethereum resource

Why trade on the MPX blockchain platform?

With MPX, you can trade MARKET protocol position tokens to take a long or short position in domestic, cross-chain and non-digital assets, from cryptocurrencies to stocks and commodities. Why this particular platform:

Leveraged trading Use secure leverage to boost your earnings without margin calls or forced liquidations.
Short assets Short selling on-chain and non-digital assets to profit from price drops without having to borrow.

Trade new relationships such as S&P 500 / USD, AAPL / USD and GOLD / USD. You also have the option to hedge cryptocurrencies such as BTC and ETH to protect your assets from volatile price drops.

How to get started in a dapp application?

With installed and configured MetaMask, you have everything you need to start. Go to the platform and switch MetaMask to Rinkeby testnet. Next, you need a test ETH and collateral.

The platform will provide you with a preview of the MARKET protocol and the benefits of derivatives on the Ethereum blockchain. You can experience the flexibility of the protocol by trading contracts to use long or short crypto assets and even off-chain. MPX

You can also personally verify the safety of the protocol, because your risk is limited with MPX by the maximum disadvantage of your position. Unlike other exchanges, you will never face auto-deletion, socialized loss or theft from hackers. Currently, anyone can mint position tokens by depositing and receiving a discount on mining fees. Payment can also be made in an additional token (DAI), but no discount. Beginning August 1st, and on each subsequent settlement of the contract, 25% of the MKT, used to pay the fees, will be burned. The next update awaits you:

  • protocol and risk management decisions will be made by MKT token holders;
  • a toolbar will be released soon;
  • By placing an MKT bet, members can do web work and are paid rewards, charged by the apps on the web.

MKT is used to manage the ecosystem to help to determine future payment allocations, adjustments and protocol direction.

Additional information about the Ethereum resource

The company actively uses and develops social networks. If you have any difficulties, you can contact the technical support of the company at:

  • Telegram;
  • Twitter.

You will find out about the Road map and promotions there. Soon, developers will add White paper to the platform for easy use.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.