What Is Mirrex? - Our Revolutionary De-Fi Exchange Protocol

Spin On The Traditional AMM Exchanges

Mirrex is a DeFi-based hybrid derivative exchange protocol. Our core purpose is to minimise cryptocurrency volatility when trading and improve on the existing AMM protocol model. Mirrex does not require collateral to trade.

The Synthetic Protocol.

Each token tracks the exact price movements of its underlying asset and is minted upon purchase, with funds invested directly into a token-specific collective fund.

Our radical new paradigm, the “burn and mint collateral model” does away with the drawbacks of existing AMM model protocols that require locking excess collateral into a contract. Users will be able to burn USDC’s to mint our synthetic asset tokens at an even ratio without ever being liquidated or margin called.

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Components

Main Components Of Mirrex

Synthetic Protocol Exchange

Downside Risk Protection

Investors cannot ever loose all their invested capital regardless of the assets underlying price

No Collateral Required

Mirrex does not offer skating on the protocol which in turn doesn't require buyers to input further collateral funds

Burn and Mint (BAM) Collateral Model

P2C trading platform where there is no matching of buyers or sellers required at times as with an order book

Infinite Buyer Liquidity

Our P2C trading platform does not require at times a seller for a buyer to enter the market nor does it require a buyer to exit a position

USDC

Trade with ease and peace of mind using USDC, a fully reserved stable coin backed by the US Dollar and dollar denominated assets

Low Fee's

Our Fee Structure:
Maker & Taker: 0.3% | Buy-Out Option: 0.5%

Why Trade With Mirrex?

Trade Cryptocurrency With Confidence

Our industry-changing protection mechanism gives investors the ability to trade (cryptocurrencies) knowing they will never lose all their invested capital. This key POD allows us to offer back investors a significant portion of their original investment regardless of the asset's underlying price. This is the first of it's kind, giving investors significant trading power and confidence to successfully execute their trades.

Infinite Buyer Liquidity (Buy-Out Option)

Mirrex’s P2C trading platform does not require sellers for a buyer to enter the market as we will mint the required tokens on purchase. If an investor decides to sell (burn) their tokens through our buy-out option, they will not require a buyer to exit their position.

The first of its kind. Mirrex gives Investors the ability to receive their Initial investment back. Our major point of difference is the ability to offer back investors the majority of, if not all their initial invested capital regardless of the assets underlying price. This will give investors unprecedented confidence when trading through our protocol.

USDC & Our Low Fee's

Mirrex will require users to purchase the USDC stable coin in order to trade tokens on our exchange. USDC is a fully reserved stablecoin backed by the US Dollar and dollar denomited assets. It is designed to maintain exact price equivalence to the US Dollar.

Mirrex Fee Structure:
Maker: 0.3% | Taker: 0.3% | Buy-Out Option: 0.5%

Calculator

Saving's Calculator

See How Mirrex Compares, including our exclusve buy-out option

Simulate Mirrex

Total Investor Amount:

Current Token Price:

Future Token Price:

Mirrex Buy-Out Price:

Competitor Exchange Price:

You're Saving an Additional:

Calculate

Legend

What Is The Calculator Showing?

It shows that when the token price drops, by using Mirrex Buy-Out Option, You can reclaim part of your loss, down to the Average Pool Price of that Specific Token. (Only an Estimation within the Calculator)

Understanding The Calculator

Total Amount Invested: The Total Amount of Money you are to Invest

Current Token Price: Price of the Token at the current time

Potential Token Price: Price of the token in the Future (Higher, Lower or Same)

Mirrex Buy-Out Price: The price in which you are offered if you are to use the Mirrex Buy-Out Function, provides less loss when the potential price lowers compared to competitors

Competitor Exchange Price: The is the regular sell option availbe on all other exchanges as well as an option on Mirrex

Savings Precent: How Much more you would save by taking the Buy-Out Option compared to the regular sell price

Our Key Aim's

• Design A Radical DEX Protocol

Build a revolutionary DEX protocol that aims to minimise the volatility and uncertainty that comes with trading in the crypto space. Mirrex pushes away from the traditional AMM model to focus on giving investors exceptional confidence when trading.

• Transparency

Always maintain a 1:1 ratio of investor funds. Based on our collective fund model structure and the need for no excess collateral to be locked away, misappropriation of investor funds will never be a question.

• Security

Make DEX trading safe by ensuring the latest DEX security measures are being implemented.

• No Excess Collateral Required

Unlike all other AMM crypto exchanges we provide an exchange protocol that gives you the ability to invest the exact amount desired without having to lock away further collateral.

• Build An Understandable Exchange

Design a user interface that is simple to use and aimed at helping make trading efficient, understandable, and affordable.

• Support & Investor Advocation

The core mission of Mirrex from the start has always been how do we provide more certainty to trading, with the investor being at the forefront of our entire development process.

Security & Encryption

Security & Encyrption

• Account Security

◦ Two-factor authentication (2FA) for all user accounts

◦ Robust password policies and storage practices, such as hashing and salting

• Security Audits

◦ Provide ongoing staff training and education on security best practices and protocols to ensure all employees are aware of the latest threats and how to prevent them.

◦ Monitor user accounts and transactions for suspicious activities and implement anti-phishing measures to prevent social engineering attacks.

• SSL Encryption

◦ Implement SSL encryption to protect user data from interception and man-in-the-middle attacks.

• Open Transparency About Stored Funds

◦ Maintain a 1:1 fund ratio

◦ Cold wallet storage (mix of hot/cold storage)

◦ Multi-signature private keys for access

• Storage Encryption

◦ Privacy & Integrity – encryption that encodes your information, rendering it inaccessible to malicious third parties.

◦ Security – Comply with all relevant regulatory requirements, to prevent illegal activities and protect user funds.

◦ Multi-Level Authentication – ensures only intended parties have access to the data

◦ Regularly backup user data and implement disaster recovery plans to ensure business continuity in case of system failures or natural disasters.

FAQ

Questions, Answered

The most popular questions from the community answered

The Future of De-Fi