• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
MXX token defi
Nexo

Multiplier Incentivises Yield Farmers with MXX Tokens

Bitcoinist by Bitcoinist
2 years ago
in Press releases
0
Advertisement

Multiplier platform will officially launch the minting of MXX tokens on its platform on the 29th of July, 2020


27th July 2020, Switzerland – MXX tokens are designed to balance liquidity for depositors and lenders through algorithmically derived interest rates and yield. These are based on the collateralization and loans conducted on the Multiplier cryptocurrency platform. The minting of MXX tokens will start from 0 tokens, with a total supply of 9 billion, which can be accumulated through minting only.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Essentially, liquidity mining is when a yield farmer mints new tokens in exchange for their liquidity on the platform. This creates a positive loop; whereby users are incentivized with minted tokens to conduct transactions on the platform, which in turn increases the value of the same token, and attracts more users to join. 

MXX Token and Community Governance

A maximum of 18 million MXX tokens is issued daily, shared among users in the proportion of their contribution to the platform through lending, borrowing, and making referrals. The currently accepted currencies on the Multiplier platform are BTC, USDT, and USDC. MXX tokens are also currently listed on the trading platform Bilaxy.io

MXX tokens will gradually allow the protocol to transit towards being entirely governed by the community. The number of votes is proportional to their amount of MXX tokens and can be used to make decisions on the protocol. The move towards a decentralized governance process will protect investor interests, reduce systemic risk, and increase long term utility of the Multiplier protocol.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The simple-to-use Multiplier platform aims to attract holders looking to optimize their idle cryptocurrency assets, as well as attract experienced yield farmers looking for more ways to maximize their harvests.

About Multiplier

Multiplier crypto lender began in 2019 with regulated financial licenses obtained (SRO Switzerland VQF 10075 and Hong Kong Money Lenders License 1702/2019), and formed strong collaborations with reputable industry leaders such as Coinbase Custody and JUMIO KYC/AML. 

Multiplier believes in operating within the legal framework of jurisdictions and having the relevant licenses to adhere to regulations. 

The company continues to establish strong relationships, between regulatory authorities, communities, and leading institutions around the globe, merging the scale and familiarity of traditional finance, into a secure, advanced, and simplified global financial blockchain system.

Multiplier has been developing DeFi protocols with user feedback from its centralized crypto lending entity since 2019 and launches MXX governance tokens which give the community voting rights that will gradually allow the protocol to be entirely governed by the community and stakeholders. 

Media Contact Info

Contact Name: Dudley

Contact Email: [email protected]

Learn more about Multiplier today! – https://multiplier.finance

Join the community discord server at – https://discord.gg/2fatBM7

Follow Multiplier on Facebook – https://www.facebook.com/themultiplierio

Join the official Multiplier Telegram channel – https://t.me/themultiplierio

Follow on Twitter – https://mobile.twitter.com/MultiplierMXX


Disclaimer: Multiplier is the sole source of this information. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Chimeras Launches Open Alpha Version of Metaverse Game

Chimeras Launches Open Alpha Version of Metaverse Game

12 hours ago
With Over 60% Gains, There’s Plenty Left To Run For Gnox (GNOX). Will New Regulation Spell The End For Dai (DAI) And TrueUSD (TUSD)?

With Over 60% Gains, There’s Plenty Left To Run For Gnox (GNOX). Will New Regulation Spell The End For Dai (DAI) And TrueUSD (TUSD)?

16 hours ago
Pollux Coin (POX) Is Now Available for Trading on LBank Exchange

Pollux Coin (POX) Is Now Available for Trading on LBank Exchange

18 hours ago
Discover These Three Cryptocurrencies: Hedera (HBAR), Cronos (CRO) and Mehracki Token (MKI)

Discover These Three Cryptocurrencies: Hedera (HBAR), Cronos (CRO) and Mehracki Token (MKI)

18 hours ago
Don’t Miss Out on These 5 Cryptocurrencies!

Don’t Miss Out on These 5 Cryptocurrencies!

18 hours ago
Will Chronoly (CRNO) Be As Successful As Dogecoin (DOGE)?

Will Chronoly (CRNO) Be As Successful As Dogecoin (DOGE)?

19 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.