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Cryptopolitan 2021-09-17 19:30:00

MonoX creator announces $5M initial capital increase

TL;DR Breakdown • The MonoX project could be launched by the end of September.• The decentralized finance company seeks to exceed Solana’s protocols. MonoX announced a few minutes ago that it would increase the debut capital by over $5M from companies such as Animoca Brands and Axia8 Ventures. The protocol backed by cryptocurrencies will use this income to meet its goals and thus limit the capital collection in DeFi plans. These services will be focused on credits, financing, and DEX protocols. MonoX advances its crypto plans MonoX is advancing its crypto plans, and the latest announcements support those goals. The company intends to build a successful system after it introduces its partial treasury scheme. Although this is not a renovating project for treasury financing, it is supported by decentralized finance. Crypto exchange platforms such as a complex system require two tokens to create equivalent liquidity. However, with this MonoX proposal, these systems will require only one token, giving a faster settlement process. The CEO and developer of the crypto protocol spoke about the projects that the company promotes, leaving enthusiasts convinced. The platform promises innovation, more accurate liquidity processes, and an updated system for the community to grow. The CEO’s purpose is to make the company have a strong DeFi protocol, just like Solana is. DeFi goals to be met When one of these decentralized Finan...

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