Crypto Mining 2.0: DMEX platform token DMC has been listed on Hoo.com
The mining industry sits at the top of the crypto food chain, it is the leading sector in this bull market. The wealth-creating effect of mining attracts the attention of a lot of miners and even investors who are completely new to the crypto industry. However, the mining industry is unique to other crypto sectors. It has a high entry barrier that is extremely unfriendly to small and medium-sized investors. Individual mining participants need to deal with various challenges such as choosing a suitable site for the mining machines, daily maintenance, and technical trouble-shootings. With the gradual increase in mining demand, a new wave of user-friendly cloud mining platforms has emerged, among which a decentralized mining power financial service platform DMEX has asserted its prominence.
According to the DMEX official information, DMEX’s platform token DMC has been listed on Hoo.com on May 18, 2021. DMEX is the world’s first decentralized mining power financial service platform. DMEX innovatively combines FIL and Chia mining power NFT with DeFi products and DAO communal governance. DMEX users can earn multiple incomes from a wide range of investment options including mining power NFT trading, collateral loan, and joint mining. DMEX endeavours to transform the mining power market, reduce the entry barrier to mining for the average users and enhance asset liquidity.
DMC/USDT trading pair and DMC liquidity mining in HooPool have come online.
On May 18, 2021, the DMEX platform token DMC officially launched on Hoo.com The DMC/USDT trading pair has been listed for trading. Hoo.com is a world-leading digital assets service platform with a large user base. The platform provides cryptocurrency trading, mining, and escrow service. The Hoo brand is famous with international customers.
With DMC being listed on Hoo.com, the DMEX platform supports DMC liquidity mining in HooPool. Users can add DMC and USDT transaction pairs to the liquidity pool in HooSwap to obtain LP tokens. Then they can stake the LP tokens to participate in mining. The user is free to enter or exit the mining pool at any time. The mining period will last for 7 days.
In addition, the DMEX platform and Hoo.com have launched several campaigns to celebrate the big event of DMC. For example, users who successfully deposit DMC to Hoo.com from an external address would be rewarded a total of $9,000 USDT based on the net deposit volume. Users could also participate in the DMEX and Hoo.com Twitter and Weibo campaigns to win $1,000 USDT rewards.
DMC would further empower DMEX’s ecosystem construction.
DMEX’s official roadmap has set out the targets and timelines of the platform’s ecosystem construction. With DMC being listed on Hoo.com, DMEX has accomplished an important part of its ecosystem construction.
DMEX is a community-oriented platform. It is operated, managed, and developed by the DAO community governance consensus. DMC holders are entitled to in-depth participation in the governance and future development of the DMEX platform to share the platform’s revenue.
DMC is the platform token of DMEX. The total issuance of DMC is 100 million, 50% of which is generated by mining. The mining reward will be halved every six months. On a monthly basis, DMEX will allocate 80% of the total platform fee revenue toward user benefits, among which 40% will be designated as the reward for DMC single token mining staking pool, 60% will be invested on buyback-and-burn until the total remaining DMC amount is 21 million. In short, DMC is a deflationary token. DMC will appreciate as the DMEX platform further improves its ecosystem construction.
DMC is gradually empowered with DMEX’s mining powers products gaining increasing market recognition. Currently, not only can DMC be traded on the DMEX platform, but also can DMC be purchased and sold on Hoo.com. With more and more investors knowing and using DMC, DMC’s circulation will be greatly improved, so is DMC’s value. DMC’s appreciation will further empower DMEX’s ecosystem construction. With DMEX’s further development, the mining power market will launch its 2.0 phase.
With extremely low entry barriers, DMEX mining power products have a high Annual Percentage Yield (APY).
DMEX is a decentralized mining power financial service platform based on the Huobi Eco Chain (HECO). DMEX provides users with a wide range of investment options including mining power NFT trading, liquidity mining, joint mining, collateral loan, and etc. As of 16th of May, DMEX’s highest Total Value Locked (TVL) has exceeded 39 million USDT. In a three-month period, the FIL mining income on the platform reached over 12.5 million FIL, with a market value of more than $2.85 million.
- DMEX mining power NFT product (Highest APY: 390%)
The DMEX platform has released FIL and Chia mining power products. Compares with the traditional hardware mining model, DMEX’s innovative mining power NFT product eliminated the risk of poor asset liquidity. Users can trade or stake the mining power NFT in the DMEX marketplace and earn multiple mining incomes. The APY could reach nearly 390%.
2. DMEX Liquidity mining product (Highest APY: 290%)
DMEX users can stake three transaction pairs to participate and earn DMC, namely, USDT/DMC, HUSD/DMC, and HT/DMC. The APY could reach more than 290%.
3. DMEX Joint mining product (Highest APY: 60%)
Users can deposit USDT or FIL to the DMEX joint mining pools to earn FIL mining income. Upon the deposit, DMEX’s joint mining pools issue DLP as the deposit credentials. Users can further stake DLP in the PoW mining pool to obtain more DMC. The APY could reach more than 60%.
DMEX’s mining power products will gain increasing market recognition with the platform token DMC being listed on Hoo.com. Meanwhile, the appreciation of DMC will also empower DMEX’s ecosystem construction. With DMEX’s further development, the mining power market will start its 2.0 phase.
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Official website: dmex.finance
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