DymmaxPrice

(DMX)

Dymmax is a decentralized protocol designed to transform the landscape of decentralized finance (DeFi) options. It provides a blockchain-based platform for issuing DeFi options, aiming to offer a transparent, secure, and efficient method for engaging in crypto trading. Developed with scientific research and advanced technology, Dymmax seeks to provide a secure and efficient platform for both institutional and private investments in the crypto options market.

Dymmax operates on a unique parimutuel model, which allows for the issuance of options without a traditional seller. Buyers of various option types (PUT, CALL, IRONFLY) form a joint bank, ensuring sufficient funds for expiration payments. The pricing of each option type is calculated off-chain for optimal auction efficiency. All matched orders are tokenized as ERC-20 tokens, facilitating a secondary market. New at-the-money options are issued daily to supplement supply and increase liquidity.

Dymmax stands out due to its commitment to a decentralized protocol for issuing DeFi options, enhancing security and transparency. It benefits from an innovative pricing model developed through academic research, which is integral to its risk management strategy. The project prioritizes security and efficiency, aiming to empower users by democratizing access to sophisticated trading strategies, making advanced crypto options trading more accessible and secure.

DMX is the native utility token of the Dymmax ecosystem. Its primary uses include increasing cashback from trading commissions, allowing holders to vote for the introduction of new options, and participating in governance by voting on Dymmax development paths. Additionally, DMX can be staked to participate in liquidity pools, further integrating its utility with the platform's financial mechanisms and user engagement.

The total supply of DMX tokens is 10 million. Initial distribution occurred during two rounds of IEO, with 500,000 tokens sold and 1.6 million reserved for future use. An additional 700,000 tokens were reserved for community airdrops, and 25,000 tokens per month are distributed to users participating in DMX staking. Three million tokens are allocated for protocol development over five years, and 15% of the total supply is intended for burning over time.

DMX tokens can be traded on various centralized cryptocurrency exchanges. Users can typically acquire DMX by signing up on an exchange, completing identity verification, and making payments using methods like bank transfers, debit cards, or credit cards. For decentralized management, Dymmax (DMX) can also be added to compatible wallets like MetaMask by importing its contract address, allowing users to hold and manage their tokens directly.