Metavault.Trade: A new kind of Decentralised Exchange, designed to provide a large range of trading features

in #matic2 years ago

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Metavault Trade is a decentralized spot and perpetual exchange with low swap fees and zero-price impact trades. Trading is supported by a multi-asset pool, which in turn is supported by liquidity providers.

Trading is supported by a multi-asset pool, which in turn is supported by liquidity providers. Liquidity providers receive rewards through swap fees, market making, rebalancing and leverage trading. MVX uses Chainlink Oracles and TWAP prices from large volume decentralized exchanges for dynamic pricing.

Metavault.Trade

Metavault.Trade is a new kind of Decentralised Exchange, designed to provide a large range of trading features and very deep liquidity on many large cap crypto assets.

Traders can use it in two ways:

  • Spot trading with swaps and limit orders.
  • Perpetual Futures trading with up to 30x leverage on short and long positions.

Metavault.Trade aims to become the go-to solution for traders who want to stay in control of their funds at all times without sharing their personal data. Its innovative design gives it many advantages over other existing DEXes:

  • Very low transaction fees.
  • No price impact, even for large order sizes.
  • Protection against liquidation events: the sudden changes in price that can often occur in one exchange (“scam wicks”) are smoothed out by the pricing mechanism design relying on Chainlink price-feeds. All-in-one platform: Spot and Leverage trading.

Tokenomics
MVX is the Metavault.Trade’s governance and utility token.
Token Information

MVX token address: ​
After staking MVX, you will receive staked MVX:
MVX staked token address:
Staking
Staked MVX generates three reward types:
MATIC
esMVX
Multiplier Points
30% of swap and leverage trading fees are converted to $MATIC and distributed to the accounts staking MVX.
Treasury Assets
The MVX-USDC LP liquidity is provided and owned by the Protocol (). 100% of the fees from this trading-pair are converted into USDC and deposited into the MVLP as Protocol-owned liquidity of the every friday.
Supply
The maximum supply of MVX is 10,000,000. Minting beyond this maximum supply is controlled by a 28 day timelock, an eventuality that will only be considered if the demands of the protocol necesitate an increase of the supply.
Circulating supply changes are dictated by the number of tokens that are distributed through other DEXs, vested, burnt and spent on marketing.
MVX allocations are:
1.2 million for marketing, partnerships and community development
6 million reserved for rewards (as esMVX which can be converted over time to MVX)
1 million for liquidity on Uniswap (reserve held in the )
300,000 for ​
1.5 million allocated to presale


Presale
MVX token price at launch: 1 USDC
GMX community sale = 200,000 MVX at 20% discount (0.8 USDC/MVX), 200 slots
Whitelisted public presale = 1,000,000 MVX at 10% discount (0.9 USDC/MVX), 500 slots
Metavault DAO community sale = 300,000 MVX at 20% discount (0.8 DAI/MVX), 300 slots
Total $ to be raised in presale: 1,060,000 USDC + Metavault DAO Treasury allocation from MVD -> MVX sale

-> 500,000 USDC paired with 500,000 MVX initial liquidity V3 Pool
-> 60,000 USDC as marketing budget
-> 500,000 USDC as initial MVLP liquidity (owned by the MVX Treasury)
Liquidity is owned by the Metavault protocol and is stored under the .
MVX vs MVLP Price
MVX’s price is entirely speculative. MVLP’s price depends on the prices of tokens that are indexed.

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Referral Program

Get fee-cashback and fee-commissions through the Metavault.Trade referral program.

How it works

First, get your referral code:

  • Go to Metavault.Trade/Referrals
  • Click on the ‘Affiliates’ tab
  • Create your own unique referral code using any combination of letters, numbers and underscores

Once you’ve created your code, click on the ‘copy’ icon next to it to get your referral link. It should look a little like this:

You can share your referral link on any social media or communication platform. When a trader clicks on your link, your referral code will be connected to their account. After the trader executes a trade on Metavault.Trade, a portion of the associated fees is split between the trader, who will receive a cashback payment and you, who will receive a commission.

Even if the traders you brought to the platform switch devices, you will still earn commissions, as the code is tied to their user account.

Please note that the referral program is subject to change, as the protocol is controlled by Metavault.Trade governance token holders. Full referral terms can be found at (site).

The referral program has a tier system to prevent gaming through self-referrals, this helps to ensure that referrers get commissions for the traders they brought onto the platform.

Tiers

The Metavault.Trade referral program has a tier system to prevent gaming of the system through self-referrals. This helps to ensure that all referrals are genuine and represent real users brought to the platform.

Tier 1: 5% fee-cashback for traders / 5% fee-commission to referrer Tier 2: 10% fee-cashback for traders / 10% fee-commission to referrer Tier 3: 10% fee-cashback for traders / 15% fee-commission to referrer paid in MATIC and 5% fee-commission to referrer paid in esMVX

The referral code as explained above is a Tier 1 code, and anyone can create one. Here’s how to upgrade your code to Tier 2 or Tier 3:

  • Tier 2: At least 15 active traders using your referral codes per week and a combined weekly volume of more than $1.5 million
  • Tier 3: At least 30 active traders using your referral codes per week and a combined weekly volume of more than $7.5 million

If you believe your account fulfils this criteria, please submit your application form here

After filling in the form please contact us through (E-Mail: [email protected] or Telegram: @metavaultadmin or Discord: 0xMetavault#9885 ) so we can follow up your submission.

Commission and cashback apply to the opening and closing fees for leverage trades.

The opening and closing fees on Metavault.Trade is 0.1% of the position size. There is no price impact for trades and zero spread for tokens such as BTC and ETH. Fee-commissions are calculated before fee-cashback, so referrers earn on the full maker fee. They also earn from what would otherwise be spread on other exchanges. As a result, referrers will earn equivalent amounts of commissions per volume on Metavault.Trade when compared to referral programs on other centralized exchanges.

Please note that there is a max cap of 10,000 esMVX tokens distributed per week.

The price of esMVX will be based on the seven-days average price of MVX.

Tier 2 and Tier 3 rewards are available to: wallet providers ; other protocols and partners as well as individuals.

#polygon #metavault #trade #ido #sale
https://metavault.trade/
https://app.metavault.trade/
https://t.me/MetavaultTrade/
https://discord.com/invite/metavault
https://twitter.com/MetavaultTRADE/

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wallet : 0xFB3924503e7d7ED89c9f1c4F9C5F1b3784Bb0444

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