About Dymmax
DYMMAX - is a unique platform designed to solve this problem, taking into account the cryptocurrency market specifics, as well as the concept of distribution. A set of option pricing strategies is implemented at its basis, with pricing based on the parimutuel betting with fixed odds model.
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Market Stats
Market Cap
Not enough data
FDV
Not enough data
Circ. Supply
Not enough data
Max Supply
Not enough data
Total Supply
10M DMX
Diluted Valuation
$699.68K
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$9.40
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0700
Price Change (1Y)
1,065.78%
Additional details
Market details
DMX vs markets
↗ 751.89%
DMX vs BTC
↗ 806.15%
DMX vs ETH
↗ 956.95%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xf058501585023d040eA9493134ED72C083553eED |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0700 | 0.00% |
1 Day | $0.0700 | 0.00% |
1 Week | $0.0660 | ↗ 6.06% |
1 Month | $0.0800 | ↘ 12.59% |
1 Year | $0.0060 | ↗ 1,065.78% |
FAQ
Dymmax (DMX) is a unique protocol that aims to establish a decentralized platform for the emission and secondary circulation of options. It operates on a parimutuel model, which enables the issuance of options without a seller. Various types of options buyers form a joint bank, ensuring sufficient funds for expiration payments. The price of each option type is calculated off-chain for optimal auction efficiency, and all matched orders are tokenized as ERC-20 tokens, facilitating a secondary market. DMX, the native utility token, is used for various purposes such as increasing compensation from transaction processing, voting for new options, voting on Dymmax development paths, and participating in liquidity pools. Dymmax was conceived by Dmitry Filyaev, an experienced Dapp developer and derivatives trader, and validated by researcher Dmitry Meshkov.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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