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MilkywayEX Introduces DeFi and IDO Launchpad on Binance Smart Chain: Details

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Wed, 12/15/2021 - 10:15
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Vladislav Sopov
Novel decentralized finance (DeFi) ecosystem with staking module and IDO launchpad
MilkywayEX Introduces DeFi and IDO Launchpad on Binance Smart Chain: Details
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MilkyWayEX, a new decentralized trading platform on Binance Smart Chain, has implemented a number of "yield farming" functions and is going to roll out IDO launchpad.

One-stop platform for IDOs, staking and yield farming: What is MilkyWayEX?

Launched in 2021, MilkyWayEX is a peer-to-peer exchange on Binance Smart Chain, the fastest and cheapest smart contracts platform. It allows users to trade spot and leveraged positions in a noncustodial manner.

Traders on MilkyWayEX can utilize its services without registration and KYC checks with their BSC-based wallets (e.g., MetaMask or TrustWallet) only. The exchange does not control users' funds or keypairs.

Also, the platform is offering initial decentralized exchange services (IDOs) for early-stage projects. This form of decentralized token sale becomes dominant in 2021. To participate in IDOs on MilkyWayEX, crypto owners need to hold MILKY, a core native utility token of the platform.

Besides that, MilkyWayEX's MILKY token can be staked with high APYs in a native token staking module. MILKY holders can earn passive income from their dormant bags.

This opportunity is fully aligned with the main mission of MilkyWayEX as the platfrom intends to give back to the community and to disseminate notable shares of the fees generated among the community supporters.

MilkyWayEX's metaverse to be released in Q1, 2022

Right now, the "yield farming" module for MILKY pairs is undergoing stress tests in a closed testnet.

IDO functionality of MilkyWayEX includes two launchpads. The first one is suitable for memetic coins ("canine tokens" and so on), while the second one works for "serious" cryptocurrency projects. As such, MilkyWayEX IDO infrastructure is designed to attract investors of all types.

Last but not least, the MilkyWayEX team is ready to jump on the NFT and metaverse bandwagon. As soon as Q1, 2022, the first metaverse-themed GameFi products will be released by the DEX.

With its native decentralized gaming platform, MilkyWayEX will work as a full-stack DeFi/GameFi ecosystem for crypto enthusiasts with various levels of expertise in blockchain.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)