In today’s world, a decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform. Let's have a look at AMM and its uses on Morbex.
A glimpse of AMM and Morbex
A decentralized exchange (DEX) protocol that uses a mathematical formula to price assets is known as an automated market maker (AMM). Assets are valued using a pricing algorithm rather than an order book like a traditional exchange. Each protocol's formula may differ.Morbex (RMARS) is the next generation of Automated Market Making (AMM) decentralized exchange with a deflationary governance token model. They are your go-to yield farm running on Binance Smart Chain and Pancakeswap exchange, with lots of other unique features that let you earn tokens.
A bit of Morbex
Morbex is a decentralized AMM protocol incorporating multi-strategy yield optimization. We use secure financial instruments and advanced gamification models to make banking engaging, transparent and accessible.
Trade
Instantly swap crypto tokens: no registration or account needed.
Low fees
Why pay more? Morbex runs on Binance Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too, so that's a double win for you!
Decentralized
Trade directly from your wallet app. Unlike centralized exchanges like Binance or Coinbase, Morbex doesn’t hold your funds when you trade: you have 100% ownership of your own crypto
How does Coin Burning work?
A coin burn event happens in the following order:
● A coin holder will call the burn function, stating that they want to burn a nominated number of coins.
● The contract will then verify that the person has the coins in their wallet and that the number of coins stated is valid. Only positive numbers work.
● If the person does not have enough coins, or if the stated number is invalid (e.g., 0 or -5), the burn function will not be executed.
● If they do have enough, then the coins will be subtracted from that wallet. The total supply of that coin will then be updated, and the coins will be burned.
Tokens
Ticker: BEX
Token Contract Address: https://bscscan.com/token/0x0352b52f4ddea5a4a25173796adf8a00de1dc5bd
Max Supply: 10,000,000 BEX
Chain: Binance Smart Chain (BEP-20)
Mining: 60%
IFO: 10%
Private Sale: 5%
Ecosystem: 10%
Team: 8%
Marketing: 5%
Lottery: 2%
Purchasing MORBEXs
• Go to Morbex Swap: https://morbex.finance
• Purchase some Morbex Token $BEX
Farming $BEX
• Go to MORBEX Farm Page
• You must first have the appropriate LP, which can be created at MORBEX
• Approve your desired farm
• Deposit your LP tokens
• That's it, you're farming now!
So, there are lots of companies out there but Morbex is always there for your substantial support. If you execute the burn function to burn your coins, they will be destroyed forever. It is impossible to recover coins after they are burned. Be with them and get all kinds of crypto help from them and be one of the intelligent investors in this era.
WEBSITES:
https://www.facebook.com/MorbexFinance
https://twitter.com/morbex_finance?s=08
https://www.reddit.com/u/morbex_finance?utm_medium=android_app&utm_source=share
https://t.me/Morbex_Finance
https://morbexfinance.medium.com/
https://github.com/morbex-finance
AUTHOR
Forum Username: Jacqulynscherer
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2898485
Telegram Username: @geneviewinward
BEP-20 Wallet Address: 0xCedff9e0618a1d45d2c15E1E1D4cFfCcE25a4352