Review on MixTrust by David Olayide

Name: MixTrust
Item: MixTrust
Rating: 4

March 27, 2021

Mixtrust Decentralized Finsnce

Having a financial services platform or ecosystem that consolidates and puts all your financial services and needs in a single platform, makes it very easy to carry out your day to day business. Mixtrust is an example of a financial services ecosystem that implements the blockchain technology, so as to offer a host of efficient digital solutions.

Mixtrust appears to be a decentralized synthetic asset issuance protocol which is based on Ethereum, and provides a decentralized cross-chain trading platform for synthetic assets seamless asset synthesis, decentralized cross-chain transactions, and cross-chain mortgage lending. That’s the most direct description you can give to a project like Mixtrust.

MixTrust allows users to carry out their trading activities in a decentralized manner. By eliminating the use of third-parties, participants can have complete confidence in their investments. Cryptocurrencies tokenized through MixTrust (MXT) are expressed as mxtBTC, mxtBCH, mxtZEC, and, so on. These tokens can be transferred through MixTrust’s decentralization in exchange for the actual cryptocurrencies like BTC, BCH, ZEC and so on.

In general Mixtrust is expected to provide users with an affordable, decentralized and secure DeFi financial platform. User’s of Mixtrust will then be able to enjoy the benefits of a convenient decentralized finance. The creation of an autonomous economy will be important as there is a gradual but steady move or shift away from the clutches of traditional finance.

The MXT token supports all kinds of synthetic assets. Synthetic assets can only be generated once holders of MXT make use of the MXT DApp to mortgage their MXT tokens as collateral. Users are encouraged to hold or create synthetic assets. There is a maximum supply of 10 000,000,000 MXT coins. The coin is actively traded on Uniswap and OKEx.

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Pros