The project offers a blend of DeFi products and tools to help investors and developers gain maximum benefits.
MilkywayEx’s main product is an Automated Market Maker (AMM) Decentralized Exchange (DEX) that limits slippage and transaction fees, particularly on stablecoin transactions. MilkywayEx is governed by the $MILKY token, which is used for a variety of services on the platform. The project executes constant buybacks and burns to ensure that $MILKY maintains appropriate inflation levels. The project has been audited by CertiK and SolidProof to ensure the safety of its users.
The DEX offers the standard DeFi services most users expect, such as Liquidity Pools (LPs), staking, and trading. Along with these more standard features, the DEX also offers borrowing and lending. This is a crucial element that helps to drive liquidity into the platform as well as increase the MilkywayEx user base.
Trading – Users on the MilkywayEx DEX are able to trade any PancakeSwap V2 trading pair tokens using the AMM, with minimal transaction fees on swaps.
LPs – Users can farm $MILKY by staking LP tokens on the platform, increasing the distribution of $MILKY and offering passive income opportunities.
Staking – Users can stake their $MILKY to earn more through protocol fees. Staking also grants users the chance to participate in project governance.
Lending/Borrowing – Users can increase their trading leverage by borrowing or their yield by lending.
Mar Fuel Launchpad
The Mar Fuel launchpad serves as an entry point for new projects to launch on BSC. The launchpad is unique due to its structure that focuses on building project value right at launch.
MilkywayEx understands that the most important time for a new project is the weeks directly after launch – where a project can either moon or crash.
This is where Mar Fuel innovates; for the first 360 hours after a project launches on the launchpad, 100% of all protocol trading fees are revoked. These fees are instead used to buyback and burn the new token, essentially pumping its price.
New projects that apply to make MilkywayEx their first exchange are eligible to receive further benefits:
Getting featured on the launchpad
MilkyPool Program: Projects accepted into the MilkyPool program receive a reward pool for their token pair, as well as a featured MilkyPool to increase exposure.
Mar Fuel Grant
Along with the launchpad, new projects can also apply for the Mar Fuel Grant. The grant is a $100,000 USD fund that will provide extra benefits to accepted projects, including audits, marketing, legal and advisory support, and access to a MilkyFarm reward pool.
Token Ticker: $MILKY
Total Supply: 16,000,000,000
The allocation of $MILKY is designed to encourage fast-paced growth in value for $MILKY holders as well as sustain the platform for the long term. Buyback and burns are executed to maintain inflation levels, using the following mechanisms:
Liquidations: When borrowers have their positions liquidated, a 5% fee is collected from the liquidation bots. 4% of fees collected from 3rd-party bots is collected and burned, while all 5% from the MilkwayEx native bot is burned.
Reserve Pool: 19% out of all borrowing interest is collected in fees. Out of this, 10% will be burned.
MilkywayEx offers high-quality DeFi services for investors and a strong opportunity for new projects to get off the ground. With a unique method that powers token value right from launch, the Mar Fuel Program is an excellent place to launch new projects. MilkywayEx also recognizes that while DeFi is still growing, there are other tools that blockchain technology can be used to develop. MilkywayEx seeks to create an infrastructure that can also support the development of applications that leverage blockchains, using their Virtual Machine Technology.
Whether you are an investor looking for a quality new DeFi ecosystem, a new project wanting to maximize your launch potential, or want to find the next token to moon, MilkywayEx has something for you to enjoy.
For more information on MilkywayEx, visit the following links:
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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Source : bsc.news
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