BitMart, a premier global digital asset trading platform, will list and debut Proteo DeFi (PROTEO) on November 24, 2022, for all BitMart users, the PROTEO/USDT trading pair will be officially available for trading at 10:00 AM (UTC).
What is Proteo DeFi (PROTEO)?
PROTEO is an Exclusive Elrond Defi Suite, and takes advantage of the robustness of the Maiar DEX to carry out operations. It expands the possibilities of the DEX with new products for investors that add value to the DEX’s already established solid tools.
The native token of ProteoDeFi platform is PROTEO, and it is designed to ensure all the pieces of the Proteo ecosystem work properly.
Why Proteo DeFi (PROTEO)?
- Reserving Value Through Scarcity
The initial supply of the PROTEO token is 3.5M and will never exceed 20M.
- A Strong Treasury Plan
The Proteo DAO will have a well-diversified treasury, with popular Maiar DEX LP’s, eGLD, MEX and of course PROTEO tokens.
- Intelligent Liquidity Management
The Proteo DAO platform will sell PROTEO Flash Offers for eGLD or MEX, allowing investors to buy at a discount.
- An Intensive Burning Process
There will be several fee points designed to burn tokens, plus all MEX earned by treasury Maiar DEX farms will be used to purchase PROTEO, which will be burned.
- Advanced Autostaking
The Proteo AUTOstake pool will allow you to auto-compound. This means your staked PROTEO compounds without you doing anything, automatically. You save time and fees in the process.
- Innovative Lending
You will be able to use sPROTEO (your share of the AUTOstake pool) as collateral to request a loan. While you enjoy your newly borrowed funds, you continue increasing your PROTEO holdings.
- Special Proteo Raffles
There will be two types of raffles, with big prizes and super fun moments every 15 days.
- The Finest Complement to the Maiar DEX
Proteo is not designed to compete with the innovations of the Maiar DEX, they are here to complement them. Their Treasury will always trust and utilize MEX and eGLD assets.
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About Proteo DeFi (PROTEO)
Burning will reduce the supply, making the token scarcer and creating continuous buying pressure. Proteo’s philosophy is primarily scarcity oriented. It is scarce due to its supply. PROTEO has a maximum supply of 20 million tokens, with an initial supply of 3.5 million. This is complemented by other mechanisms such as burning and daily issuance that help to augment token scarcity.
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