MonoX is pleased to announce its upcoming integration with Avalanche, a powerful decentralized smart contract platform. This expansion will enable projects to launch tokens without the capital requirements of liquidity pairs, thus reducing the barrier to entry and helping scale the DeFi ecosystem. MonoX has deployed its beta version on Avalanche’s Fuji Testnet and will be launching on their C-Chain Mainnet in early Q1 2022.
With this integration users are enabled to make swaps cheaply, stake single tokens, and participate in progressing capital efficiencies within DeFi. We’re excited for the launch and welcome the Avalanche community with open arms.
MonoX ecosystem has received strategic investment from the Avalanche Blizzard Ecosystem Fund as the project will bring unique features to the Avalanche Ecosystem.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. It is blazingly fast, low cost, and eco-friendly. It is compatible with Ethereum smart contracts and tooling, enabling Ethereum users and developers to quickly access high-performance decentralized apps.
Since launching in September 2020, Avalanche is one of the fastest organically growing ecosystems in crypto. It now has over 350 projects building on the platform, including top-tier DeFi projects like Aave, Curve, BENQi, Sushi, and Chainlink, and enterprise applications for leaders in culture and sports with Topps and Andretti Autosport.
Avalanche is seeing all-time highs in user activity, including transaction volume, unique addresses (now over 700,000), and assets transferred from Ethereum to Avalanche over the Avalanche Bridge ($5.7B).
MonoX introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.
It works by grouping deposited tokens into a virtual pair with our own vUSD index token, to offer a single token pool design.
MonoX will revolutionize the DeFi ecosystem by fixing the capital inefficiencies of current protocol models. With lower trading fees, capital efficiency, and zero-capital token launching — MonoX will expand the capabilities of DeFi.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today.