[PRESS RELEASE – George Town, Cayman Islands, 14th June 2022]
DeFi index platform CortexDAO announced today that it has listed its CXD token on the MEXC exchange. CXD is now available in USDT trading pair for over 6 million users of MEXC, with the launch of CortexDAO’s convex index just around the corner.
CXD tokens can be locked to earn vlCXD and get full benefits of CortexDAO. As of now, about 24% of the circulating supply has been off for an average of 1.54 years. These lockers generate fee distribution, protocol enhancement and voting power.
“With our upcoming launch of the Convex Index, it is important that we increase the reach of CXD. Listing on MEXC is an important step in the growth of CortexDAO.” — Will Shahada, founder and main contributor to CortexDAO
The MEXC listing is CortexDAO’s first centralized exchange listing. Previously, CXD was only available on the decentralized exchange Curve.fi.
CortexDAO aims to make it easier for users to get diverse exposure to complex DeFi protocols. Their upcoming launch of the Convax Index focuses on the Curve/Convax ecosystem, providing broad exposure to a Convax-boosted curve pool.
The CXD token is the backbone of the CortexDAO governance. CXDs can be locked in order to distribute fees, promote the protocol, and earn voting power. These three token features work together so that users, voters and DAO members are aligned to improve the performance of the protocol. CXD is currently available on MEXC and Curve.
View tokens on CoinGecko.
CortexDAO makes it easy for users to diversify their exposure to the complex DeFi protocol by purchasing DeFi Index tokens. Convex Index is CortexDAO’s first index token and will give users information about the Curve/Convex ecosystem. An integral part of the DeFi industry, the Curve/Convex ecosystem commands over $6 billion TVL, and is known for its high barrier of entry.
About MEXC Global
The MEXC exchange, founded in 2018, is one of the top 10 global exchanges listed on CoinMarketCap, a global cryptocurrency market site, and is used by over 6 million users in 200 countries. On the exchange, it is possible to pay for cryptocurrencies via Visa and Mastercard, and this has grown exponentially by supporting the DeFi ecosystem.
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