Review on MixTrust by Adedayo Adeniji
MixTrust
Mixtrust is a set of interconnected, distributed, decentralized, open source and integrated decentralized finance.
Its token which is symbolized as MTX is all synthetic assets supported, synthetic assets are assets whose value is dependent on the value of the underlying assets and you can generate synthetic assets as holder of MTX when you use the Mixtrust dapp.
You as the holder of MTX can mortgage the token to the current mortgage rates and when ever you exchange for a synthetic asset a transaction reward is earned by you and is kept in the fee pool for you to make use of.
You are allowed to trade on a trustless decentralized way to eliminate third-party interference through the cross chain transaction.
Mixtrust is a truely trustless decentralized open source platform for all cryptocurrency interactions and it is beautiful to be used.
Pros
- It is open source
- It is decentralized
- Its token supports all synthetic assets
- Its cross chain transaction eliminates third-party interference
- It is highly rewarding.
Cons
- It needs to upgrade developmentally to meet the current standard of operation.
