The MORBEX project. Overview
Hello dear friends!
In this article, we'll take a quick look at a new DeFi project called Morbex Finance.
The Morbex project has created the latest protocol that allows you to exchange cryptocurrency assets without registering on the platform. Users can sync their crypto wallet with the Morbex protocol and complete transactions in seconds.
That is, in fact, the Morbex project protocol performs the functions of an atomic swap. The Morbex platform is built on the Binance Smart Chain, which creates the conditions for low-cost and fast transactions.
The Morbex protocol will allow exchange transactions not only between tokens that are in the Binance Smart Chain, but also with tokens and coins that are in other networks.
The price of any token or coin that will be traded on the Morbex platform is set using an automated market maker, that is, a decentralized exchange protocol that performs decentralized mathematical calculation based on liquidity pools and depending on the transactions performed with these tokens and coins.
The Morbex platform provides an opportunity to generate additional income through Staking, Forming and adding funds to liquidity pools. The difference between Staking and Farming is that users who Stake actually temporarily freeze their funds on the platform, which allows the platform to use these funds to ensure the functioning of the platform. Farming means that users provide their funds for temporary use to other users, but in order to participate in Farming, users must, without fail, provide liquidity in any of the pools. Consequently, the temporary provision of funds entitles you to a reward. The rewards for Steiking, Farming and liquidity provision on the Morbex platform are paid out in BEX tokens that the project has issued.
Regarding the BEX token, which was issued by the Morbex project, we can say that this token is also based on the Binance Smart Chain network and a total of 10 million tokens have been issued, of which:
- 5% for private sale
- 10% of tokens will be allocated for the development of the ecosystem
- 8% of tokens will remain for the project team
- 5% will be directed to marketing
- 2% of tokens are intended to pay rewards to the winners of the lotteries that the Morbex project will conduct.
At the time of this writing, the Morbex project is privately selling BEX tokens. The price of 1 BEX token is $ 0.2. The Soft Cap is 500 thousand BEX tokens, and the Hard Cap is 1 million BEX.
The Morbex project, like other projects, is moving according to the roadmap. According to the roadmap, very soon we can see the opening of such significant events as the start of Staking and Pharming, aggressive marketing, the addition of Coinmarketcap and Coingecko to the list, and much more.
You can study the Morbex project in more detail on your own, on the official website of the project. In the same place, you can see a link to WhitePaper and a FAQ section, which provides answers to some frequently asked questions.
You can find the official links of the Morbex Finance project below:
OFFICIAL LINKS OF THE MORBEX PROJECT:
Website: https://morbex.finance/
Whitepaper: https://morbex.gitbook.io/morbex-finance/
ANN: https://bitcointalk.org/index.php?topic=5344013.0
Telegram: https://t.me/Morbex_Finance
Twitter: https://twitter.com/morbex_finance
Facebook: https://www.facebook.com/MorbexFinance
Reddit: https://www.reddit.com/user/morbex_finance/
AUTHOR OF THIS ARTICLE:
Bitcointalk UserName: bulalex16
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=908095
Telegram username: @Wolfotow
Binance Smart Chain Wallet Address: 0x67b271e10dc48754863723981cc97afa3a034170
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