Mdex adopts a new IMO mechanism to launch Demeter: empower MDX to be the cradle of quality assets

On September 13, Mdex launched the IMO for Demeter tokens and attracted over $350 million in participation.At present, many projects on DApps are choosing to issue their initial tokens and establish liquidity in a decentralized way as it is more in line with the characteristics of the blockchain field. As a consequence, many blockchain entrepreneurs are looking for a launchpad that excels in issuing tokens and offering sufficient liquidity. This makes the competition for IDO functions enter a more refined stage: competitiveness and data playing the decisive factors.Staking to earn new tokens: innovative IMO mechanismIMO (Initial Mdex Offering) is an initial decentralized online exchange mechanism based on MDEX. The mechanism provides sufficient liquidity for projects while allowing users to participate more fairly.By launching IMO under a new mechanism, MDEX not only finds more quality assets for users and but also empowers MDX. The first project under the innovative IMO mechanism is Demeter, a market protocol of decentralized cryptocurrency. DMT, the governance token of Demeter, is also issued through IMO with a liquidity pool created on Mdex.The latest round of IMO on September 13 attracted 6,500 participants and raised a total of $350 million funds, on par with the achievements of Coinwind’s public offering in May. The highlight of this public offering is the rule of “staking to earn new tokens” in the new IMO mechanism, with a total of over 1 billion MDXs participating in it.The new mechanism allows users to participate in IMO with either MDX or xMDX, the Boardroom lock-in voucher. This rule frees up the liquidity of the MDXes locked in the board and provides all MDX holders with a fair opportunity to participate in the IMO. Lock-in voucher xMDX can receive different shares of tokens in the IMO, based on their different durations. Shares of tokens…