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.
Total Token Supply
Seed Offering + Initial Token Offering
0.0005 eth per token
+ 0.00065 eth per token
Initial Uniswap Listing
0.000675 eth per token.
Team and development(time-vested)
Marketing, exchange listings, partnerships.
YIELDX holders airdrop.
SWAP holders airdrop.
The majority of fees will be distributed to lenders to reward them for providing liquidity to the protocol, and some fees will be distributed to UMEX stakers and partner projects. More specifically:
UMEX stakers
UMEX buybacks and burns
Team and liquidation reserve
YIELDX stakers + buybacks/burns
SWAP stakers
- Seed Offering + Initial Token Offering
- Initial Uniswap Listing
- UMEXStaking | YIELDXStaking | SWAPStaking
- Introduction of Token Governance
- UniMex Alpha Release
Yes. UniMex imposes a 0.8% levy on loans.
Governance over the protocol will be subject to a vote. There will be two ways to vote. Either by burning YIELDX token, or by staking UMEX in a specific governance contract.
YIELDX is the token central to the yield-farming.io decentralized application - a sister platform based on incentivising and rewarding the provision of liquidity for Uniswap pairs. Uniswap liquidity pairs listed in yield-farming.io including UMEX will receive the highest multipliers on the platform in order to further incentivise liquidity pool provision. And to attract attention and volume to UniMex.
The answer is no, similar to Uniswap, the only requirement is a web3 compatible wallet/browser, such as MetaMask or TrustWallet.
