What is UniMex (UMEX) | What is UniMex token | What is UMEX token

UniMex is a Uniswap based DeFi (decentralized finance) protocol which facilitates the margin trading of native Uniswap tokens. Currently, there is no direct way to short or long these tokens despite the hundreds of millions of dollars of aggregated daily trading volumes that those projects attract and the $2 billion liquidity pooled in the protocol as of the time of writing. UniMex plans to solve this problem.

UniMex is an innovative onchain margin-trading platform entirely contained within Uniswap. Which means that shorts/longs are directly executed on Uniswap, rather than through an offchain approach e.g. through a 0x relayer. Margin traders are charged fees which are disbursed to lenders as a reward for supplying liquidity to lending pools.

UniMex.finance-Bringing Margin Trading to Uniswap.

UniMex.finance is an innovative onchain margin-trading platform entirely contained within Uniswap.

Which means that shorts/longs are directly executed on Uniswap, rather than through an offchain approach e.g. through a 0x relayer. Margin traders are charged fees which are disbursed to lenders as a reward for supplying liquidity to lending pools.

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The UMEX token

**Total Token Supply **10,000,000

50% 5,000,000 Seed Offering + Initial Token Offering

20% 2,000,000 Initial Uniswap Listing(0.000675 Eth per token)

15% Team and development(time-released)

10% Marketing, exchange listings, partnerships

2.5% YIELDX stakers airdrop

2.5% SWAP holders airdrop

0.4% of fees will be distributed to lenders to reward them for providing liquidity to the protocol, and the other half of fees will be distributed to UMEX stakers and partner projects. More specifically:

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Trading Fee Discount

In order to reward UMEX holders and to further motivate participation in the YIELDX farming platform, UniMex traders will have the opportunity to receive a 25% discount on trading fees if those fees are paid for using UMEX or YIELDX. Lenders will always receive 0.4% of trading fees, the remainder after trading fee discounts will be allocated proportionally to UMEX and YIELDX stakers.

Governance

Decentralization is a principle which UniMex endeavours to uphold. So shortly after the deployment of the platform the admin will be removed from the contract and instead governance will be liberalized. More specifically, users will have the option to either stake UMEX or to burn YIELDX as means to affect key protocol changes such as approving the creation of new lending pools.

Initial Token Offering

The UniMex ITO will open on 27.11.20 at 17:00 GMT.

It will be conducted through a smart contract address which will be

posted publicly at this time.

Sending Eth to this smart contract address will directly return

you UMEX tokens, which won’t be transferrable till after uniswap

listing.

The ITO will be open for upto 72 hours, ending on 30.11.20 at 17:00 GMT.

UMEX will be directly listed on uniswap after the closure of the ITO, meaning once hardcap has been reached, or end of the 72 hour period.

Uniswap liquidity will be directly locked, and 50% of Team tokens will be vested through TrustSwap’s team token lock.

  • 2,500,000 UMEX will be made available in the ITO
  • 0.00065 eth per token

150 Eth cap per address

A Softcap of 1000 Eth

A Hardcap of 1625 Eth

Seed Investors receive the same amount of tokens as ITO investors on uniswap release, their bonus tokens are vested and time-released over the period of 3 months, once a month.

Disclaimer:

Any eth sent from an exchange addresses is not recoverable, please make sure to transfer eth from a ERC-20 wallet of which you have control of.

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UniMex has decided to partner with UniDex in order to provide a seamless integration of leverage trading to the UniDex platform.

UniMex is a platform first of it’s kind, to allow leverage trading on UniSwap in a completely decentralized manner. In UniDex’s goal to create the ultimate DeFi hub and trading experience, the partnership was a no-brainer.

Users will be able to find this section in the UniDex closed beta when things are ready. In a similar fashion to how users would switch between limit order swapping panels to liquidity pool management, UniDex users can switch to the margin trading powered by UniMex and get to trading.

UniDex Lead: We aim to be the Hub of anything DeFi trading related. UniMex traders can get a good grasp on their portfolio by looking at detailed analytics related to their portfolio and manage their outside non-margin related positions to prepare them for their margin trading session or trade setup. Swap between 2 assets that can be aggregated from multiple liquidity sources with partial fills between multiple pools and dex’s to give you the best rate, manage your liquidity pool pairs and keep up with your return over time, or even explore automated trading on uniswap and similar pools through tokensets. A full trading experience on the full exchange launch will put traders first with a clean UI but familiar with multiple opportunities at your hand to give the ultimate DeFI trading experience.”

How and Where to Buy UniMex (UMEX) ?

UMEX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy UMEX

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since UMEX is an altcoin we need to transfer our coins to an exchange that UMEX can be traded. Below is a list of exchanges that offers to trade UMEX in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase UMEX from the exchange.

Exchange: Uniswap (V2)

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once UMEX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Find more information UMEX

☞ Website
☞ Explorer
☞ Whitepaper
☞ Social Channel
☞ Coinmarketcap

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What is UniMex (UMEX) | What is UniMex token | What is UMEX token
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