MUFEX Decentralized On-Chain Contract Platform
Decentralized Perpetual Contract Exchange leveraging on and powered by order-book model ZK-rollups.
Hi traders, I have an exciting announcement today; regarding MUFEX and its ongoing testnet.
With the revival of DEXs comes increased interest in blockchain derivatives. Derivatives are known to be one of the largest markets in the world in terms of notional value and volume, and CEXs’ derivative volume is currently sitting at over $1 trillion according to CoinGecko.
What makes derivatives so popular is that they often come with leverage. Some examples of derivatives are perpetual contracts, which give users a lot of leverage, up to 50x on some of the most popular perpetual DEXs. but MUFEX supports up to 150x leverage
What is MUFEX ?
MUFEX is the next generation decentralized on-chain contract platform. Their goal is to combine the advantages of a centralized exchange with those of a decentralized exchange to provide the best user experience while ensuring asset security.
Their vision is to continue to drive the development of the on-chain derivatives sector and the crypto industry in general.
Testnet is live right now!
Like any other crypto project, before launching a product, the developers and their team will run a testnet first to seek feedback from testers, to fix if the platform has bugs and implement great suggestions from testers.
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It’s been 9 days since the testnet started and a lot of testers have joined to try it out. I have also joined and tried trading on the mufex testnet. you can participate with me to try it, because there are lots of opportunities and benefits.
What should be prepared before joining MUFEX testnet?
- you must have a crypto wallet, the one I am currently using for testing is Metamask.
- add 2 networks to metamask namely Arbitrum Goerli network and Polygon Mumbai network (these two networks will be used to receive the 1000 test USDT airdrop). visit the Chainlist website to find the RPC of these two networks.
- next visit https://www.testnet.mufex.finance/ or visit https://www.mufex.finance/ to try it directly.
For detailed steps about trading on MUFEX testnet, you can see here.
Advantages and Benefits.
- You become MUFEX early adopter.
- Trade daily and get daily rewards. this event is currently ongoing on the official discord server.
- Have the experience trading on MUFEX Most User-Friendly Exchange.
Join our Official Discord Community channel for future benefits.
If you have joined and tried trading on MUFEX testnet, Show off your trading profits on discord and climb the leaderboard to the top 10.
Don’t forget to give feedback because there will be rewards from the feedback campaign.
