Metavault.Trade - Latest news about the project
Metavault.Trade: Latest news about the project - Today we tell you about a great project that takes on the mission of convenience in trading. Namely Metavault.Trade, with its elegant and indulgent features and missions for us in trading.
As reported in Bloomberg, revealed that Metavault.Trade is a new type of Decentralized Exchange designed to provide a wide range of trading features and very deep liquidity on many large cap crypto assets.
Metavault.Trade aims to be the go-to solution for traders who want to stay in control of their funds at all times without sharing personal data. Its innovative design gives it many advantages over other existing DEXs.
The main innovation at the heart of Metavault.Trade is the multi-asset pool. This feature allows the platform to share liquidity across all the assets it supports. To most traders, the platform will appear as if it has unlimited liquidity at fixed prices, completely eliminating the need for an order book.
Metavault.Trade is built by the team behind Metavault DAO who drives the entire blockchain ecosystem and technology project.
This code is a GMX friendly fork, which has been audited by ABDK Consulting [Find the audit here under the name "Gambit", the original name of the GMX project].
Since security is of the utmost importance, an independent audit will be completed soon.
After careful consideration of the GMX tokenomics, the DAO Metavault team opted for a complete redesign for Metavault.Trade. As a result, most of the tokens have been allocated to those who invest in the platform (for example, staking) compared to GMX. Tokens are also launched in a fair manner, with no private spins or seeds.
Metavault DAO intends to be a liquidity provider on Metavault.Trade, which will make it strong and self-sufficient.
There is already a strong community that supports Metavault.Trade, such as those who follow it via Telegram, Twitter, and Discord channels.
Positive News
We have positive news to report: a number of scam victims did reach out to us and we were able to validate their claims.
If anyone else like to make a claim before we take the snapshot, we extended the deadline so nobody has to miss out.
There are still 1600 MVD in warmup, all MVD in warmup will be burned and lost. Act now or the opportunity will expire, the time for snapshot for the migration is gonna be midnight GMT!
We would like to apologize for the delay and the lack of communication during the last days. We saw it necessary to improve some components and backup or build redundant.
We can finally announce and feel comfortable that perpetual trading is active and working flawless on Metavault.Trade (After some sleepless nights). To everyone who opened a trade that has not been executed, please reach out to me (@metavaultadmin).
After some concerns have been voiced regarding the MVX holdings of the DAO we came to the conclusion to convert them into Multiplierpoints (bnMVX).
This ensures:
They can not be sold or vested.
They won’t gain multiplier points themselves.
They won’t gain esMVX
They will only receive MATIC rewards
To accommodate for the above there will be an adjustment of the Tokenomics, as follows:
The MVX tokens held by the DAO will be burned shortly.
So the DAO MVX holdings will go to from 2mio MVX to 0 MVX
This allocation will be added to the esMVX Rewards Allocation.
Originally we had 4mio esMVX reserved for rewards. This will be increased to 6 mio.
This will increase the rewards duration / capacity by 50%.
To be clear: This does not mean we are increasing esMVX emission by 50%
Rather we increase the runway and ensure growth for even longer. This means we can plan and build even better. We are really in this for the long run.
New tokenomics will be like following:
The maximum supply of MVX is 10,000,000.
1.2 million for marketing, partnerships and community development
6 million reserved for rewards (esMVX reserve for multichain expansion).
1 million paired with USDC for liquidity on Uniswap.
300,000 for MetavaultDAO team (linearly vested over two years with a three-month cliff).
1.5 million allocated to presale.
Conclusion
We actually still have a lot of information about interesting news, problems and benefits of Metavault.Trade. In essence, you will be spoiled with the features and uniqueness of the Metavault.Trade marketplace. Hopefully the information presented here can be learned and useful.
Well because it is limited, we recommend to you the source of information from the official Metvault.Trade link:
Website: https://metavault.trade/
Telegram: https://t.me/MetavaultTrade
Github: https://github.com/metavaultorg
Discord: https://discord.gg/metavault
Twitter: https://twitter.com/MetavaultTRADE
The following is the identity of the author:
Bitcointalk Userrame: jamuupik
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3390764
Polygon Wallet Address: 0x21F19FdD3c8393FcF74032D2c3338aBd2D66E1E3