Zerogoki, the world’s first algorithm pegged leverage synthetic assets platform, has announced the listing of its token “REI” on MEXC Exchange (https://www.mexc.com/) on the 13th of September 2021 at 11:00 a.m. UTC. Zerogoki is a pilot protocol developed by the passionate team behind the Duet protocol which is committed to building a parallel financial universe governed by DAO.
REI will start trading with the USDT pair.
What is REI?
REI, phonetically from the Japanese word ‘zero’ (れい)”, is the platform token as well as the core asset of Zerogoki, which fuels synthetic leveraged assets. For every $1 of synthetic assets minted, $1 of REI will be burned. Synthetic assets and REI are two-way interoperable, and the same redemption of REI of $1 needs to burn synthetic assets worth $1. In the long run, as the supply of synthetic assets grows, the total amount of REI will deflate and the actual total amount will gradually decrease. The initial circulation of REI is 42,000,000.
MEXC will be listing Zerogoki (REI) in Assessment Zone and to commemorate the launch, MEXC and Zerogoki team are holding an REI Trading Fiesta to benefit MEXC users. Deposit & Trade REI to stand a chance of sharing 47,000 REI giveaway! Details are as below.
REI Trading Competition
Event Duration: 2021–09–13 11:00 to 2021–09–16 16:00 (UTC)
Rules: During the event duration, users that trade REI with a minimum trading volume of 10,000 USDT can stand a chance to win 27,000 REI rewards. Users will be ranked according to their total trading volume, rewards distribution are as below:
Event Duration: 2021–09–13 11:00 to 2021–09–13 16:00 (UTC)
Rules: All REI traders (excluding users that are ranked in the REI Trading Competition) with a minimum trading volume of 500 USDT are eligible to share a 20,000 REI prize pool. Prizes received by each user are proportional to the individual trading volume during the event.
Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The MEXC platform is run by a team of professionals with extensive financial industries and blockchain technology experience. Currently, MEXC Global has around 5 million users in more than 70 countries around the world. This achievement is a significant milestone, and the platform aims to become a go-to platform for new and experienced investors as they move forward.
The exchange spreads across four countries, Canada, Australia, Estonia, and the United States where it has obtained key licenses in other jurisdictions. The exchange completes 1.4 million transactions per second, which results in increased efficiency and enhanced performance. In the interest of strengthening security and ensuring optimal data integrity, our server clusters are hosted independently in Singapore and Korea.
MEXC has grown rapidly in 2019, gaining a 5% share of the global digital asset trading market by the end of 2019. 2019 also saw MEXC named as the “Most Popular Trading Platform” and “Best Trading Platform” by professional media.
Zerogoki, a transliteration of “Zero number Machine” in Japanese, stands for the model Unit-00, being a metaphor of the prototype. As a trading platform for derivatives deployed on Ethereum and based on an algorithmic anchor mechanism to create leverage tokens, Zerogoki can provide users with leverage tools for both emerging and traditional assets such as Crypto, Gold, Bonds, or even Metaverse Index. Users can use the platform token REI to cast leverage tokens or use the protocol’s synthetic dollar anchor asset-zUSD to buy leverage assets directly.
An innovative pilot version from Duet Protocol Zerogoki aims to offer a playground for various assets and mechanisms to withstand the test in a real trading environment and focused on leveraged and exotic synthetic assets and only has an algorithm-pegging module compared with Duet’s universal assets support and dual-synth module. Going forward, Zerogoki will also provide novel financial derivatives, offering users more vehicles to mint or trade as well as more earning strategies for other participants.