$BEAST utility token-backed process enables users to stake and trade synthetic assets.
Synthetic assets, or synths, are tokenized derivatives that mimic the value of other assets, enabling users to trade these assets without holding the actual underlying asset itself.
$BEAST utility tokens can be used as collateral to mint synthetic assets. Users need to deposit collateral (for example, SNX tokens for the Synthetix platform) to create a synthetic asset
The collateral is used to back the minted synthetic asset with real value, ensuring that the synthetic asset maintains its value in relation to the underlying assets found on Beast.Exchange.
OG Holders
Total Supply
Deployer Supply
Liquidity Pool
Renouncing ownership of a smart contract refers to the act of a contract's owner relinquishing their control over the contract.
Burning Liquidity Pool (LP) tokens permanently removes these tokens from circulation by sending to "burn address," rendering them irrecoverable.
This simplification allows users to more easily make transfers via ENS-compatible wallets without having to type the full wallet address.
The native token of BEASTEX ($BEAST) gives holders commissions from the trading volume generated on the Synthetic Asset Exchange.
Synthetic assets have the potential to revolutionize our financial systems, paving the way for empowering of people´s social and economic equity.
Beta release of BEASTEX will be closed and publicly available or accessible only to a limited whitelisted audience from our community.
"By allowing individuals to gain exposure to any asset in the world through a decentralized and inclusive crypto ecosystem, synthetic assets democratize access to wealth, power, and prestige, breaking down barriers that have long perpetuated inequality."
