Leading provider of blockchain-based solutions Modex announces the launch of its revamped version MODEX token – now available for purchase on Global bittrex, Digifinex, Uniswap – with a new tokenomics model and an updated roadmap that aims to add new Web 3.0 features to the Modex network.
The rollout of the revamped MODEX token and its Web 3.0-inspired roadmap is the result of the experience Modex has gained in the enterprise blockchain space over the past few years. With this launch, the company aims to become a pioneer in Web 3.0 capabilities by leveraging its Web 3.0 enterprise token concept to better respond to market needs and trends. Recently, Modex was awarded the Silver Cloud Platform Competency within the Microsoft Partner Network, an achievement that demonstrates that the company meets a high level of technical performance and quality of service.
The MODEX token was first launched in 2018, as part of an ICO that supported the company’s Smart Contracts Marketplace project. But as the smart contract market evolved in a different way than Modex had originally anticipated, the company focused on the enterprise segment, gathered valuable technical and business knowledge, and developed its flagship database. Blockchain.® technology (BCDB). The innovative solution will remain a key part of Modex’s technology initiatives, including its Web 3.0 network and new enterprise products and services.
Modex values its existing Token customers and believes that full transparency is the only way forward to strengthen this relationship. The revamped MODEX token brings a suite of new products, an updated white paper, a soon-to-be-released sustainable tokenomics model, and transparency regarding token pools and the company’s next steps. The roadmap also includes a participation mechanism that will be implemented in the coming month and details on the planned launch of related software products, estimated for the beginning of the third quarter of 2022.
The Modex Wallet will be the go-to place for all MODEX token holders, providing a secure environment to store, send, receive, and withdraw various crypto assets, including MODEX, Bitcoin, and Ethereum tokens. And to make things even easier, a new mobile app will be launched to help users protect and manage their assets. The biggest advantage of the Modex Wallet – besides its ease of use – is its robust security. All user secrets will be kept securely on their own devices, backed up by seed phrases, and will not be publicly shared with the server. The wallet’s secure storage and low fees will give users peace of mind when buying, staking and trading crypto assets, all in one place.
The Modex network is a blockchain network governed by the MODEX token, and it is designed to adopt, link and host all existing and future crypto assets such as coins, tokens and NFTs at extremely low costs, to making asset management and trading affordable at both the individual user and enterprise levels.
Any transaction on the Modex network initiated from the mobile application will be governed by a smart contract. These smart contracts also include escrow-like behaviors that will constitute automatic guarantees that all contracting parties fulfill their obligations, to which Modex has added behaviors that can be integrated on a case-by-case basis.
Java-based enterprise smart contracts inside the Modex network represent software elements encapsulating specific business logic that can perform multiple read/write operations. They function as stored procedures in a database that can be called manually or automatically, and once created they become immutable by being stored as a Blockchain database.® recordings.
Over the next two weeks, Modex will provide additional information on the implementation plan (pool structure, tokenomics, Modex Network features, etc.).
Follow the latest MODEX token-related news on Telegram and Discord.
Since entering the market in 2017, Modex – one of the first companies to be registered as a virtual asset service provider by the Gibraltar Financial Services Commission – has steadily evolved. Currently, the MODEX token is regulated in the UK (Gibraltar), with other jurisdictions expected to follow. Modex’s highly skilled team of approximately 100 members working in four offices – London, Bucharest, Silicon Valley, Gibraltar – worked to prepare and deploy a mature decentralized network that can support a wide range of use and facilitate the seamless integration of blockchain technology. into products and services at the enterprise level.