what is Dymmax(DMX)?
Dymmax is a novel protocol aiming to build a decentralized platform for options emission and secondary circulation. Dymmax is based on a well-studied parimutuel model, allowing to issue options without a seller. Buyers of various option types (PUT, CALL, IRONFLY) form a joint bank, which is guaranteed to be sufficient for expiration payments. The price of every option type is calculated off-chain when all bets are done for maximum auction efficiency. All matched orders are tokenized in the form of ERC-20 tokens, providing a way for the secondary market. New at-the-money optionsсобе with the same expiration day are issued every day, supplementing existing supply and increasing liquidity.
DMX is the native utility token that is used for:
- Increase Cashback from trading commissions
- Voting for new options
- Voting on DYMMAX development paths
- Staking to participate in the liquidity pools
What are the different types of cryptocurrency exchanges?
Binance、Coinbase Pro、OKEx、Kraken、Huobi Global、Bitfinex、MEXC
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