Mercurity Fintech Holding, announced it’s the first public company to announce plans to launch an open, decentralized finance (DeFi) platform that will be designed to solve retail traders’ global problems of low liquidity and capital utilization, poor governance, token growth incentive deficiencies, and slow transaction speeds. The Company’s mission is to build a global, unified, and diverse decentralized finance (DeFi) ecosystem by connecting the world’s best DEXs, centralized exchanges (CEXs), and DeFi communities across the globe.
Today’s DEX liquidity pool communities lack sufficient autonomous governance to fully take advantage of their potential value. Many DEXs distribute transaction fees based on liquidity providers’ actual contributions, but they neglect the value of liquidity pool creators, early-stage liquidity contributors, and non-financing community members, such as community managers, marketers, and other industry influencers. Such DEXs lack important incentives for non-financing contributors.
Autonomous Governance
In contrast, the Mercurity Open DeFi Platform plans to empower each liquidity pool with a high level of autonomous governance and growth incentives, including its own general partner and governance capabilities such as setting transaction fees, pool access requirements, trading rules, and voting rights. The Mercurity Open DeFi Platform will be designed to allow each liquidity pool in a DEX to become a programmable fund where anyone can create and operate their own fund.
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MER, Mercurity’s platform governance token, will be used for ecosystem development and incentives for trade mining, liquidity mining, software services, and community growth and engagement. Each DEX connected with Mercurity can also be independently governed with its own platform tokens. The Pair Token will be the liquidity pool governance and incentive token that enables each pool fund to have a general partner. In addition, Mercurity’s triple liquidity mining will allow users to maximize their earnings through swap transaction fees from adding liquidity and by earning MER tokens and Pair tokens.
“The core of our platform is driven by unlocking and accelerating value transfer between global DEX and CEX users anytime, anywhere,” said Hua Zhou, CEO of Mercurity. “Using the speed and security of blockchain technology, our goal is to build a global, open, flexible, and autonomous DeFi trading, liquidity, and payments services to retail consumers around the world.”
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