DYMMAX has endorsed ProBit Exchange’s Launchpad Premium IEO to conduct their upcoming token sale starting from November 20 at 15:00 UTC alongside a 15% bonus for participants purchasing with quote currencies WAVES or ERG.
The Launchpad platform represents the elite offerings of the stalwart IEO platform that has delivered successful campaigns for previous projects including SPORTX and Korean blockchain-based MEDIUM.
With the derivatives market representing an ever-growing niche in the crypto market, DYMMAX eliminates centralized needs for custodial and buyer resources via a decentralized protocol for trading DeFi options while completely bypassing standard collateral requirements.
The protocol provides a decentralized solution to issues including high premiums and low liquidity via a proprietary limit-order based 24-hour auctions which incorporates parimutuel betting through a fixed-odds mechanism to predetermine premiums and strike prices.
Successful applications are processed following the 24-hour window with options subsequently issued in the form of transferable ERC-20 tokens with immediate liquidity available through the DYMMAX protocol.
These dynamic market-making auctions provide a shared pool of liquidity featuring guaranteed payouts and smart-contract stored liquidity along with a host of built-in security features to minimize risk on behalf of participants.
Dymmax provides a novel protocol aiming to build a decentralized platform for options emission and secondary circulation. The decentralized protocol is based on a parimutuel model which provides the ability to issue options without collateral requirements or sellers.
ABOUT PROBIT EXCHANGE
ProBit Exchange is a global Top 20 crypto exchange in real daily trading volume that has successfully completed over 200 rounds of IEO. ProBit Exchange also features over 900 trading pairs – one of the highest in the market.
In celebration of its 2 year anniversary, ProBit Exchange will be airdropping a total of 50,000 USDT during their 2nd Birthday Event!
ProBit Exchange Key Figures
- 100,000+ community members.
- 800,000+ monthly active users.
- 3,000,000 monthly web visitors.
- 50,000,000 users on partnering aggregators and wallets such as CoinMarketCap.
- Global outreach in 8 key languages & markets provided.
- Multilingual website supporting 41 different languages.
ProBit benefits include:
- Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee.
- Stake Mining: Stake PROB and earn PROB at a rate of 4% per annum.
- Referral Program: Earn 10-30% of trading fees for referring friends to ProBit.