Cryptocurrency MBMX – Metal Backed Money is the decentralized trading platform based on the Ethereum network (a network containing approximately 90% of decentralized applications). The MBMX is digital money accompanied by its trading with the support of assets like gold and platinum. The users are now allowed to buy and sell on exchange with an exchange for other cryptocurrencies, goods, etc.
With assets like gold and platinum, MBMX is relieved in terms of its price stability and also reduces risk in long-term investments. Prices fluctuate depending on the demand and supply chain in different countries, similarly, the price of BMX Metal Baked Money may vary by country.
Each trader follows their own strategy while trading, so MBMX has assigned traders their own role to play in trading and this feature helps traders to make their own decision at their own risk.
The great part on the side of traders comes with the introduction of the Stop-Loss Protocol adopted by the MBMX, this algorithm is successful in preventing the value of MBMX from falling below the price of gold and platinum. We all know that prices fluctuate but with the help of this algorithm, MBMX tries to maintain that it will never be in vain.
MBMX Stats – Release Date & Followers
The coinmarketcap ranking of MBMX is #2913 and it’s currently on 33,375 watchlists.
It started trading on 22 January 2022.
Telegram: 44 074 members
Twitter: 5640 followers
Instagram: 446k followers with an average post likes count of ~ 10K.
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