DYMMAX (Dynamic market making auctions and exchange) is a decentralized protocol for issuing options for cryptocurrencies based on the parimutuel betting with fixed odds pricing model with possible secondary circulation of issued contracts in the form of ERC20 tokens.
DMX is the governance token of the Dymmax platform. It is designed to ensure the stability and decentralization of the Dymmax system, and opens the following opportunities to its holders:
- Voting to add new options series;
- Cashback from trading commissions;
- Payment for services of the Dymmax ecosystem and partners;
- Single token share increases due to regular token burnings;
- Voting on the Dymmax roadmap and priorities.
Private round sale until 31.10.2020<br />
Implementation of the platform interface
Q4 2020
IEO on Probit<br />
DMX token listing and market making<br />
Local community building<br />
MVP release in Ropsten network<br />
Smart contract security audit and testing<br />
UI enhancement according to users feedback
Q1 2021
Mainnet release with the first options series of ETH/USDT<br />
Launch of market makers program<br />
Launch of secondary circulation of tokens on existing decentralized exchanges<br />
Tokenization of options<br />
Test implemntatino of DYMMAX on top of L2 solutions<br />
MVP implementation of DMX Democracy platform
Q2 2021
Expanding the list of available instruments<br />
First DMX burning according to fees collected in Q1<br />
DMX holders voting for fees cashback<br />
MVP implementation on top of other blockchains (e.g. RSK, Polkadot, Cosmos, Waves, Ergo)<br />
Development of DYMMAX decentralized exchange
Q3 2021
Launch of own decentralized exchange<br />
Launch of DYMMAX protocol on top of a second blockchain<br />
Development of cross-chain communication<br />
Finish DMX Democracy platform implementation
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