DYMMAX has endorsed the ProBit Exchange Premium IEO Launchpad to conduct its next token sale starting November 20 at 15:00 UTC along with a 15% bonus for participants who buy with WAVES or ERG currency quotes. . The Launchpad platform represents the elite offerings of the hardcore IEO platform that has delivered successful campaigns for past projects, including SPORTX and the blockchain-based Korean project MEDIUM.
Since the derivatives market represents an ever-growing niche in the cryptocurrency market, DYMMAX eliminates centralized needs for custodial and buyer resources through a decentralized protocol for trading DeFi options, while at the same time completely skipping standard warranty requirements.
The protocol provides a decentralized solution to problems including high premiums and low liquidity through 24-hour auctions based on proprietary limit orders that incorporate mutual bets through a fixed odds mechanism to predetermine premiums and strike prices.
Successful requests 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 with guaranteed payments and smart contract stored liquidity along with a number of built-in security features to minimize risk on behalf of participants.
Dymmax provides a novel protocol with the goal of building a decentralized platform for option issuance and secondary circulation. The decentralized protocol is based on a parimutuel model that provides the ability to issue options with no warranty or vendor requirements.
About ProBit Exchange
ProBit Exchange is a global Top 20 crypto exchange in real daily trade volume that has successfully completed more than 200 rounds of IEO. ProBit Exchange also has more than 900 trading pairs, one of the highest on the market.
In celebration of its second anniversary, ProBit Exchange will launch a total of 50,000 USDT during its second birthday event.
ProBit Exchange key figures
- + 100,000 community members
- + 800,000 monthly active users
- + 50,000,000 users in wallets and associated aggregators such as CoinMarketCap
- Global reach in 8 languages and key markets provided
- Multilingual website with 41 different languages
Join our active programs and get a multitude of benefits!