The MPX dApp for MARKET Protocol is Live on the Rinkeby Testnet
The Market Protocol which has been designed as the decentralized framework that is able to allow derivative to take place for all assets, went ahead to announce that they have finally released the MPX, which is a decentralized application.
With the release of this application, it will provide the various users with a simulated trading environment that will be on the Rinkeby platform. The platform is an Ethereum testnet that will enable the different users the ability to trade on the MARKET protocol contracts that are used against the current bot.
The company has designed the MPX protocol to be powered by the MARKET Protocol, a platform that will enable the different users the ability to experience various benefits of the derivatives that are within the Ethereum blockchain.
But this is not all, as a user you will be given the opportunity to trade the contracts on the MARKET Protocol to either go the long or short crypt assets, tokens, hedge, have the ability to gain some cross chain exposure and many more.
Users will be given the opportunity to take advantage of the decentralized features
It has been considered to be the very first time that users will have the ability to take advantage of the trading decentralization derivatives on the platform.
According to the co-founder of the MARKET Protocol platform, Collins brown, they are very excited for all the users on their platform to finally experience the crypto trading as they had envisioned it.
Some of the features to look for on the MARKET Protocol
MPX has gone ahead to highlight some of the features you should expect to see on the protocol. As a user on the platform, you will be able to trade new relationships that have not been found in any other platform. It is the likes of S&P 500/USDT or the option of OIL/USDT.
The platform will also give you the opportunity to trade with leverage, you will also have a guaranteed stop loss execution, and the ability to know the maximum downside just before you start trading.
There is still a lot the platform is able to offer; users will also be able to trade the price of any of the existing assets, this is whether you are looking to hedge or speculate the investment. It is made possible without having to hold or trade the assets that are spread across the different exchanges in the market.
Not forgetting as a user you will have the ability to trade without the centralized custody or even the counterparty risk. The reason this is made possible is the contracts that are created on the platform are solvent and have been made to be fully collateralized at the time of execution.
With all these features on the platform, the company has ensured they have created a more flexible, secure and even safe trading environment for the investors within the market.
And according to Brown, this is just the beginning of the MARKET Protocol compared to what they are ready to offer their users. They have only scratched the surface when we talk of the applications they are prepared to provide just to ensure trading is done more smoothly. Thus, there is a lot to look forward to in the coming months.