MonoX (MONO)
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Over $31 million stolen, across two chains, via a price manipulation of the project’s native token, MONO. One of the benefits that MonoX claimed their virtual pool model brought was streamlined swap routing. How convenient for today’s hacker who, manipulating a pricing bug, was able to inflate the price of the platform's native token and make a streamlined cash-out into the other deposited tokens. Two attacks hit the protocol in swift succession. First, ~$19.4M was stolen on Polygon and just 17 minutes later, the same attack vector was used on Ethereum, taking a further ~$12M. The protocol’s recently-launched MONO token was used in the exploit. The hacker was able to massively inflate its value owing to a bug in the swapTokenForExactToken code in the Monoswap contract (Polygon, Ethereum).
Both Halborn and Peckshield conducted audits of the Monoswap contract. How did they both miss this simple bug? Was it deliberate, or just careless?"
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
Implementations
How it works
"A DEX based on Single Token Liquidity pools. Rather than the standard pool model of paired assets deposited by LPs, MonoX pools function by grouping a deposited token “into a virtual pair with our virtual cash stablecoin (vCASH)”.
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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