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.
Murtha & Burke Marketing, LLC
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