The DMEX platform has announced it is launching a token to raise funds to fund the development of the exchange. The DMEX token will become an integral part of the exchange and will go on sale starting April 2, 2020.
The token holders will have the opportunity to influence the development of the project, contributing to the decentralization of dApp. If the direction the project takes is unsatisfactory, the token can be sold, lowering its value and thus penalizing poor operational / development decisions.
All revenue collected is transferred to the DMEX Token contract. The funds raised will be divided into two categories:
The DMEX token will be offered for sale directly on the exchange. The starting price will be approximately $ 0.01 and may vary depending on the evolution of the ETH price. The value of the token will increase as the quantity sold increases.
The DMEX token is a decentralized token with a guaranteed buyer – DMEX Exchange – and a declining offer. Purchasing the token is an excellent way to contribute to the success of DMEX.
DMEX is a decentralized dedicated margin trading exchange launched in August 2019. Decentralized Mercantile Exchange is the first platform of its kind and offers leverage of up to 100x for over 20 crypto assets.
Users can benefit from anonymity, only an Ethereum wallet is required to trade. All transactions are made in USD and the profit is paid in ETH at the exchange rate from the moment of opening the position.
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