About Dymmax

DYMMAX - is a unique platform designed to solve this problem, taking into account the cryptocurrency market specifics, as well as the concept of distribution. A set of option pricing strategies is implemented at its basis, with pricing based on the parimutuel betting with fixed odds model.

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$0.0250

Market Stats

Market Cap

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FDV

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Circ. Supply

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Max Supply

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Total Supply

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Performance

Popularity

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Dominance

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Volume (24H)

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Volume (7D)

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Volume (30D)

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All time high

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Additional details

Market details

DMX vs markets

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DMX vs BTC

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DMX vs ETH

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Tags

Network & Addresses

Network
Address

Ethereum

0xf058501585023d040eA9493134ED72C083553eED

Price history

Time
Price
Change
Today
$0.0250
NaN%
1 Day
$0.0250
0.00%
1 Week
$0.0380
0.00%
1 Month
$0.0400
0.00%
1 Year
$0.0300
0.00%

FAQ

Dymmax (DMX) is a unique protocol that aims to establish a decentralized platform for the emission and secondary circulation of options. It operates on a parimutuel model, which enables the issuance of options without a seller. Various types of options buyers form a joint bank, ensuring sufficient funds for expiration payments. The price of each option type is calculated off-chain for optimal auction efficiency, and all matched orders are tokenized as ERC-20 tokens, facilitating a secondary market. DMX, the native utility token, is used for various purposes such as increasing compensation from transaction processing, voting for new options, voting on Dymmax development paths, and participating in liquidity pools. Dymmax was conceived by Dmitry Filyaev, an experienced Dapp developer and derivatives trader, and validated by researcher Dmitry Meshkov.

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