YMCDEX's mission is to facilitate investment in permanent contracts by creating a fair, secure and easy-to-use decentralized financial platform based on blockchain technology.
Its permanent contract offers AMM (Automated Market Maker) to provide liquidity to the chain and generate rate of financing to ensure complete decentralization.
AMM also acts as a gateway to trading permanent contracts for other smart contracts on the chain.
Since AMM has higher slippage than traditional CeFi exchanges, its developers have provided an off-chain high-speed order book for liquidity-sensitive users. It is the main entry point for trading their perpetual contract.
As for the MCB token, it will be used to acquire the value of the platform, to provide liquidity to the Arab money market, to bear liquidation risks and to enjoy its benefits. The function and use case of MCB token will gradually expand thus increasing the fluidity of MCB tokens.
Total supply - 100 million (of which 50 million have not been minted)
Distribution - 25% of MCB tokens will be allocated to the team and early adopters.
(2.25% have a linear maturity of 2 years and 22.75% have a linear maturity of 4 years), 25% will be allocated to the enterprise for token sales, and the remaining 50% will be used as incentives for stakeholders.
Token version table
Year 1 and 2
Team & Early Investors 18,664 MCB / day (suspended until March 1, 2021)
Liquidity mines 13,698 landfills / day
Year 3 and 4
The team and early investors 15,582 MCB / day
Liquidity mines 13,698 landfills / day
Year 5-10
Liquidity mines 13,698 landfills / day
Every Monday, team tokens will be issued.
And since it is not allowed, anyone can do this.
5% of Team tokens will be distributed over 10 years
Safety
To ensure the highest level of security, Open Zeppelin and ConsenSys Diligence have revised their smart contract codes. The officials said: We will continually improve the security of our system, including media, risk control, and global settlement mechanisms.
