DMC’s Practical Applications

DMC is DMEX’s core token. Its owners are entitled to multiple benefits. DMC also has numerous practical application values.

1. Trading Token

Currently, DMC has officially launched on Mdex, the largest decentralized exchange on the Huobi Ecological Chain. DMEX’s DMC/HUSD, DMC/USDT, DMC/HT and DMC/iXCH trading pairs have been listed for trading. DMEX’s DMC/USDT trading pair has also been listed on Hoo.com, the leading digital asset trading platform. In the future, the DMEX platform will launch more trading pairs on major exchanges to enhance DMC’s liquidity.

2. Platform Value Circulation Medium

DMC serves as a platform value circulation medium for users to participate in DMEX core events. For example, DMC holders can participate in DMEX platform voting and other exclusive promotion events.

3. Payment Instrument and Pledge Token

Users can purchase DMEX mining power products with the platform token DMC. For example, users can buy DMEX’s FIL and Chia mining power NFT with DMC in the platform’s NFT marketplace. Besides, users need to pledge both DMC and FIL mining power NFT to participate in DMEX’s FIL mining power NFT collateral loan product. DMEX is exploring more practical applications of DMC.

4. Governance Token

DMEX is a community-oriented platform. It is operated, managed, and developed by the DAO community governance consensus. DMC holders are entitled to in-depth participation in the governance and future development of the DMEX platform. For example, DMC holders can vote to decide significant community agendas such as transaction fee percentage, liquidity pool asset allocation, DMC’s long-term incentive plan, DMC’s buy-back, and destruction schedule, as well as other important agendas. Every DAO member will be entitled to share the revenue generated from DMEX’s development. The DMEX platform will continue to search for mutually beneficial arrangements so as to share the platform’s revenue with DMC token holders.