18/01/24
$EPX #EPXUSDT Market tilt is a term used in technical analysis that refers to the direction and speed at which the price of an asset moves. In this case, the market inclination is 31º, which could indicate an upward trend for the coming days.
Regarding additional information about Ellipsis (EPX) obtained from web123:
Ellipsis.Finance is a stablecoin and cryptocurrency asset exchange on the BNB Chain that facilitates the exchange of digital assets with very low downgrade and minimal fees1.Ellipsis Finance's main utility token was EPS, but in May 2022 it became be called $EPX and its token supply increased by 881.
The real-time price of Ellipsis is $0.00022847 USD and is up 1.87% in the last 24 hours.
According to a technical analysis, Ellipsis shows a current downward trend, with a decline from the 50-day moving average. However, the Ellipsis 200-day moving average has been rising since September 24, 2023, which means the trend is good.
Introduction:
Ellipsis.Finance is a permissioned fork of Curve.fi, a stable exchange protocol on the Ethereum network. It aims to capture a significant portion of the stable exchange market on the BNB Chain.
Functionality:
Ellipsis uses liquidity pools to facilitate the exchange of digital assets with minimal drawdown and very low fees. It offers three types of pools:
Base pools: Provide liquidity for BUSD-USDC-USDT.
Target pools: Prevent the depletion of existing pools and offer more volume and trading commissions for liquidity providers.
Out-of-the-box pools: They are fully customizable, support stablecoins, pegged BNB, and BTC, and can hold up to four tokens.
Utility token:
Ellipsis Finance's primary utility token was EPS, but in May 2022 it was renamed to $EPX and its token supply increased by 88x. Users can lock EPX to participate in voting and acquire vIEPX. This lock allows users to multiply their returns up to a maximum of 2.5 times. Users who lock their tokens also receive commissions from the platform.
Trading commissions:
Ellipsis trading fees for stablecoin pools are 0.04%, while for BUSD/USD-like pools they vary between 0.04% and 0.4%. Half of the trading fees are distributed to the liquidity providers of the trading pools, while the other half is distributed among users who have locked their EPX tokens.
Recent developments:
Recently, Ellipsis Finance announced the launch of high-yield cryptocurrency exchanges on the BNB Chain. With this product, efficient exchanges can be made between pairs of cryptocurrencies such as BNB and USDT on the BNB Chain. Given their similarity in liquidity, the goal of Ellipsis pools is to outperform AMMs like Uniswap or PancakeSwap.
In summary, Ellipsis.Finance appears to be a cryptocurrency exchange platform that offers a variety of liquidity pools and a utility token that offers multiple benefits to its users. Trading fees are relatively low, which could make it attractive to users who make a high volume of transactions.
Please keep in mind that cryptocurrency prices can fluctuate quickly and it is important to do your own research before making any investments. I hope this information is useful to you! 😊
