Trending now

Imbalance Academy FX is a One-Stop Shop…

Imbalance Academy FX Offers One-On-One Consultation to…

Rejolut Launches Cupsaucer Design System to Empower…

Reputation House Unveils Its Extensive Study on…

MVL Named ‘Top 5 Blockchain Solution Companies…

SWFL Golf Carts is Proud to Carry…

SWFL Golf Carts is Dedicated to Providing…

Serenity Trends: Redefining Pet Fashion with a…

All Smiles Family Dentistry Helps Patients Achieve…

Introducing the New Hot Tub Products Range:…

Mrjung.net

  • Ethereum
    • Ethereum

      The Anatomy of Anonymity: How Dandelion Could Make…

      September 13, 2018

      Ethereum

      A Newly Launched Stablecoin You’ve Never Heard of…

      September 13, 2018

      Ethereum

      Bitstamp: An Overview of the Industry’s Oldest Active…

      September 13, 2018

      Ethereum

      Bitcoin Price Analysis: Strong Rally Tests Trend-Changing Behavior

      September 13, 2018

      Ethereum

      Bitcoin as a Privacycoin: This Tech is Making…

      September 13, 2018

  • Bitcoin
    • Bitcoin

      Abra CEO Believes Bitcoin ETF Eminent, SEC Just…

      September 13, 2018

      Bitcoin

      Mt. Gox Opens Rehabilitation Filing System to Corporate…

      September 13, 2018

      Bitcoin

      World Economic Forum and the Chinese Cryptocurrency Space

      September 13, 2018

      Bitcoin

      Federal Judge Applies Long Established Securities Law to…

      September 13, 2018

      Bitcoin

      Biking Across America, Crypto Cyclists Look to Raise…

      September 13, 2018

  • Markets
    • Markets

      OKEx Founder Released After Questioning in Connection With…

      September 13, 2018

      Markets

      Two-for-One: SEC Slaps Crypto Hedge Fund, Broker With…

      September 13, 2018

      Markets

      Ripple and R3 Reach Settlement in Year-Long Court…

      September 13, 2018

      Markets

      DevCon 4 Will Set the Stage for Ethereum’s…

      September 13, 2018

      Markets

      Stellar-Based Lightyear Acquires Chain, Forms New Entity

      September 13, 2018

  • Guides
    • Guides

      Bitcoin Magazine’s Week in Review: Lightning, Launches and…

      September 13, 2018

      Guides

      Equity Trust Builds New Frontier of Crypto-Based Retirement…

      September 13, 2018

      Guides

      Crypto, Blockchain Companies Shine in LinkedIn’s Top 50…

      September 13, 2018

      Guides

      Distributed Dialogues: Governance and Decentralized Platforms

      September 13, 2018

      Guides

      Battle of the Privacycoins: Why Dash Is Not…

      September 13, 2018

  • Analytic
    • Analytic

      Bitcoin crash: This man lost his savings when…

      September 13, 2018

      Analytic

      Bitcoin crash: This man lost his savings when…

      September 13, 2018

      Analytic

      Lightning Ramp and Casa Join Hands to Develop…

      September 13, 2018

      Analytic

      You Can Now Pay With Bitcoin Via Lightning…

      September 13, 2018

      Analytic

      Abra Supports SEPA Bank Transfers, Enabling Crypto Purchases…

      September 13, 2018

  • Exchange
    • Exchange

      IBM Introduces ‘World Wire’ Payment System on Stellar…

      September 13, 2018

      Exchange

      Lightning Is Made at the #LightningHackday Series in…

      September 13, 2018

      Exchange

      Pellentesque mattis ex eget malesuada consequat. Sed blandit…

      September 13, 2018

      Exchange

      Goldman Sachs Puts Plans for a Crypto Trading…

      September 13, 2018

      Exchange

      Pellentesque mattis ex eget malesuada consequat. Sed blandit…

      September 13, 2018

  • Contact
Mrjung.net
News

UniMex: First Uniswap-based Margin Trading, Lending Platform.

by wikiadminDecember 25, 20200503

December 25, 2020, ZEXPRWIRE, Uniswap-based borrowing platform that facilitates the margin trading of native Uniswap assets.

UniMex is the first fully-decentralized platform operating directly on Uniswap. This means that all transactions are processed directly on-chain and margin trading of native Uniswap tokens will be done effectively. 

In a recent tweet, the platform talked about its most recent project — its private Beta access on Telegram where you can join over 100 holders of UMEX tokens on the platform’s mainstream. Users who have over 12K $UMEX can join.

Users will be able to leverage their portfolios to engage in higher risk and higher reward trades. UniMex offers varying leverage ranges between 1–5x, depending on the liquidity of the ERC20 token and the quality of the project. On the other end of the transaction, lenders who provide liquidity to UniMex are given part of the fees that are charged to traders.

As stated earlier, UniMex supports margin trading. Margin trading is a concept of increasing the potential losses or gains from an investment. Therefore with UniMex, you can borrow money to buy assets, while putting up a percentage as collateral to be eaten up if the asset price goes down but taking any upward price movement as profit with the full investment. 

Speaking of borrowing, UniMex has smart contracts (lending pool contracts) that permit the lending of specific ERC-20 tokens so that margin traders can borrow them for leveraged trading. However, UniMex only enables the creation of lending pools that are trading within an ERC-20 – ETH Uniswap pair. i.e trading pairs within ERC-20 – ERC-20 will not have lending pools. 

Users can also buy coins with upwards of 5x the exposure, with the same amount of money. This way, you are multiplying your total risk/reward by 5x. So, if the price goes down, you take 5x that loss and if the price goes up, you take 1-5x the profit. 

With the Private Beta access now live, fully responsive and professional developers, highly valuable product, Margin trading on Uniswap and its integration into UniDex, UniMex is the right place for your investment right now.

For more info about UniMex including airdrops, listing, and UMEX price, join our Telegram group.

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

Website: https://unimex.finance
Telegram: https://t.me/UniMexFinance
Twitter: https://twitter.com/UniMex_Finance
Discord: https://discord.com/invite/Kj4P8Q8
Medium: https://unimex.medium.com

Media Contact:

Murtha & Burke Marketing, LLC
www.murthaandburkemarketing.com
+1 800-650-5467
Facebook
Twitter
LinkedIn

The post UniMex: First Uniswap-based Margin Trading, Lending Platform. appeared first on Zex PR Wire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

Share0
previous post
Top 3 Essay Writing Services to Try in 2021
next post
Popular Stock Screener – dailystocktips.co.in gets major update and new features
wikiadmin

Related posts

RBTR Token develops a 12-monthly plan for consumers to choose and begin using their preferred trading bot.

Binary News NetworkAugust 20, 2022

J Spaz Is dominating the music industry with stylistically Lyrics and Melodic vocals

Binary News NetworkOctober 23, 2021

Jacob Nicotra, Founder and CEO of Jacob Nicotra Web Development, in Authority Magazine Series about Tech Entrepreneurs

Binary News NetworkJune 20, 2022

Recent Posts

  • Imbalance Academy FX is a One-Stop Shop for The Most Comprehensive Forex Trading Courses
  • Imbalance Academy FX Offers One-On-One Consultation to Help Beginners in Forex Market
  • Rejolut Launches Cupsaucer Design System to Empower DApps with Intuitive Design Principles
  • Reputation House Unveils Its Extensive Study on Dubai’s Real Estate Market Highlighting the Leaders of Online Presence
  • MVL Named ‘Top 5 Blockchain Solution Companies in Korea 2023’

Popular posts

Custom Design Boxes | CBD Packaging | Custom...

Binary News NetworkMarch 31, 2021
March 31, 2021

Swiss file transfer experts WeSendit announce Token Private...

Binary News NetworkAugust 16, 2022
August 16, 2022

In A Flashhh Marketing LLC has PR Packages...

Binary News NetworkOctober 3, 2022
October 3, 2022

Hit Rate Solutions Celebrates 10 Years of Providing...

Binary News NetworkJune 16, 2022
June 16, 2022

100xCoin Launches in Bid to Disrupt the Crypto...

Binary News NetworkMay 18, 2021
May 18, 2021

Bitcoin mining in Quebec intensifies and D-Central leads...

Binary News NetworkAugust 16, 2022
August 16, 2022
@2022 - mrjung.net. Manage by Binary News Network
Mrjung.net
FacebookTwitterInstagramGoogleYoutube
  • Ethereum
  • Bitcoin
  • Markets
  • Guides
  • Analytic
  • Exchange
  • Contact