The Multi-token model of Chemix Ecosystem
The DeFi platform Chemix Ecosystem has been introduced by the inspirational collision between the team and community members, in those discussions with our community investors, we find out there is a huge market on the crypto block trading scenario and the industry is lacking a well-accepted, effective, protocol-level solution. Our team thus developed the Chemix Launchpad product to verify the business model of on-chain OTC trading.
From August to November 2021, we keep modifying and upgrading the auction system of Chemix Launchpad based on continuous feedback from our users. In December 2021, we announced that the QSD stablecoin will be involved in Chemix Labs, together with Chemix Pad (Launchpad), Chemix NFT to become the Chemix Ecosystem. This will help our users on stablecoins to migrate to the on-chain OTC trading business and keep enjoying the development benefits of the whole ecosystem of Chemix.
Chemix Ecosystem is a combination of different functional components, in these parts, there are different utility tokens and a main governance token to keep the system working well. They are:
- CEP (Chemix Ecosystem Pass) is governance token of the whole Chemix Ecosystem.
- gCEP (Golden CEP) is the dividend token for the dividend pledge. Users can use CEP to single-way mint gCEP according to certain rules and lock in the dividend smart contract to participate in the Chemix Pad platform dividend plan.
- CVT (Chemix Voucher Token) is a kind of fungible token that represents the claimable rights of various types of crypto assets in Chemix Pad. CVTs have trading value and conversion value.