Multiplier crypto lender began in 2019 with regulated financial licenses obtained (SRO Switzerland VQF 10075 and Hong Kong Money Lenders License 1702/2019), and formed strong collaborations with reputable industry leaders such as Coinbase Custody and JUMIO KYC/AML.
Decentralised finance (DeFi) is one of the fastest growing sectors in the cryptocurrency industry, with Weiss Ratings stating that Defi is revolutionary and that it’s still in its infancy. It is an alternative to traditional financial systems and allows you to earn interest on your crypto and take loans, among many other advanced financial activities.
Defi used with decentralised governance, enables the underlying protocol to be permanent and upgradable by the community, allowing it to work at scale.
Multiplier has been developing DeFi protocols with user feedback from its centralised crypto lending entity since 2019, and launches a governance token which gives the community voting rights, that can only be distributed through minting.
Mission
Multiply and leverage digital assets for the masses
Vision
Advancing and simplifying legacy financial systems
MXX Utility
The MXX token represents ownership of crypto assets and will be aggregated algorithmically according to liquidity contributed to the Multiplier platform, an application that facilitates the collateralisation and loans of crypto assets.
The MXX protocol aims to be decentralised, open-sourced and publicly available. This will allow anyone to examine and verify the protocol at any given time.
MXX tokens are designed to balance liquidity between depositors and lenders through algorithmic derived interest rates and yield, based on the collateralisation and loans conducted on the platform.
MXX tokens are not pre-mined, and only minted through transactions that contribute to liquidity on the platform. Potential MXX holders are incentivised to mint MXX through transactions, and will have voting rights towards the governance of the network.
For a start, 18,000,000 MXX tokens are minted daily. Users will mint in proportion to their liquidity contributed to the platform on that day, through earning, lending and referrals.
Multiplier (MXX)
