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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Follow the continued development of Dymmax and the rise of a borderless, permissionless financial system. The evolution of the Dymmax industry, the best ways to invest in Dymmax, and how Dymmax futures impact blockchain adoption. How industry stakeholders will work to make Dymmax a mainstay in people's lives.
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