No Regulation

Score

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/10

MM.Finance

United Kingdom

|

1-2 years

Suspicious Regulatory License|

Medium potential risk

https://polymm.finance

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MM.Finance
https://polymm.finance
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-09-18

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Time Machine

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New Arrival

Company Name
MM.Finance
Regulatory Status
No Regulation
Abbreviation
MMF
Platform registered country and region
United Kingdom
Phone of the company
--

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Aspect Information
Company Name MM.Finance
Regulatory Authority Unregulated
Cryptocurrencies Available 20
Fees 0.17% for trading, 1% for referral
Customer Support Twitter, Medium, Discord, Telegram

Overview of MM.Finance

Mad Meerkat Finance (MM.Finance) is a decentralized exchange (DEX) operating on Cronos and Polygon blockchains, offering lower transaction fees compared to Ethereum or Bitcoin at 0.17% for token swaps directly from your wallet.

Beyond swaps, MM Finance allows users to become liquidity providers and earn rewards, or stake tokens in farms and pools for passive income.

Unique features include boosted farming rewards for MadMeerkat NFT holders, a dedicated NFT marketplace, and a Launchpad to invest in new projects with $MMF tokens. Security is a priority with a Certik audit, and MM Finance emphasizes risk mitigation.

However, it's important to note that the exchange currently operates without any valid regulations from recognized bodies.

MM.Finance's homepage

Pros & Cons

Pros Cons
Low Transaction Fees Lacks Regulation
Diverse Earning Opportunities Potential Complexity for Beginners
User-Friendly DEX
Launchpad for Early Investment

Pros:

  • Low Transaction Fees: MM.Finance boasts significantly lower fees (0.17%) compared to established exchanges, making it a budget-friendly option for DeFi exploration.

  • Diverse Earning Opportunities: Beyond simple swaps, MM.Finance empowers users with various DeFi strategies like liquidity pools, staking, and unique features like boosted farming for MadMeerkat NFT holders.

  • User-Friendly DEX: The DEX interface is built on the Cronos and Polygon blockchains, offering a smooth user experience for both beginners and experienced traders.

  • Launchpad for Early Investment: The Launchpad allows users to invest in promising new DeFi projects with $MMF tokens, fostering innovation within the space.

Cons:

  • Lack of Regulation: As a DeFi platform, MMF operates outside of traditional regulatory frameworks, which can be a concern for some users.

  • Potential Complexity for Beginners: While the DEX itself is user-friendly, some advanced features like yield farming and NFT integration can require a steeper learning curve.

Regulatory Authority

MM.Finance, as a current entity in the cryptocurrency space, is operating without the direct oversight of any financial regulatory bodies. This means that, while it offers the convenience and technological innovation associated with digital currency transactions, it also operates outside the traditional safety nets that come with regulated financial institutions.

As such, interested users should exercise caution and conduct thorough research about the companys credibility and security measures. While being outside the regulation might provide MM.Finance with flexibility, it also places a lot of responsibility on the company itself to maintain high standards of security and integrity in managing its customers' assets. So, it is important for users to understand the framework in which MM.Finance operates before using their services.

Security

While the decentralized nature of DeFi offers unique benefits, it also comes with inherent security risks. Mad Meerkat Finance (MM. Finance) takes steps to mitigate them.

Firstly, they've undergone a preliminary Certik audit, a respected security assessment firm, to identify and address vulnerabilities within their platform.

MM Finance also prioritizes risk mitigation strategies and offers features like impermanent loss protection for liquidity providers.

However, it's still important for users understand the inherent risks associated with DeFi platforms before participating in any activities on MM Finance.

Trading Markets

Mad Meerkat Finance (MM.Finance) empowers you to navigate the vast crypto landscape with a diverse selection of tokens.

  • Established Players: Build a solid foundation with prominent tokens like Lido Token (LDO), Wrapped Ether (WETH), MATIC (MATIC), Wrapped MATIC (WMATIC). Staked MATIC (stMATIC), and Wrapped Bitcoin (WBTC).

  • MMF Ecosystem: Dive deeper into the platform with its native tokens: MMF (governance and DeFi features), MLP (liquidity provider shares), MMO (yield optimization tool access), and aMLP (representing a basket of Auto Single Tokens).

  • DeFi Gems: Explore the potential of Decentralized Finance with DSF (DSF Token) and SOLAR (SOLAR Token).

  • Niche Discoveries: Find unique tokens like LOVE Token (LOVE), MUFFIN Token (MUFFIN), Pepe Token (PEPE), and PHNX Token (PHNX) to add variety to your portfolio.

  • Stablecoins for Stability: Maintain balance in your portfolio with established stablecoins like USDC.e (USDC.e Token) and USDT (USDT Token).

  • Specific Offerings: Explore additional options like Auto Single Token (AUTOS) and XSHARE Token (XSHARE).

Select a token

Services

Beyond the extensive crypto trading options, Mad Meerkat Finance (MM.Finance) empowers you with a comprehensive suite of DeFi (Decentralized Finance) services as well.

  • Liquidity Provision: Become a pillar of the MM Finance ecosystem by contributing to liquidity pools. This earns you rewards while ensuring smooth trading for everyone.

Add liquidity
  • Yield Farming & Staking: Maximize your crypto's potential by staking your tokens in yield farms or pools. This generates passive income, allowing your holdings to grow over time.

Farms
  • NFT Ecosystem: Dive deeper into DeFi with MM Finance's unique NFT features. Holding a MadMeerkat NFT unlocks boosted farming rewards, while their dedicated marketplace lets you buy, sell, or even auction these NFTs.

NFT Ecosystem
  • Launchpad: Become an early investor in promising new projects by participating in the Launchpad. Use your $MMF tokens to invest in innovative ventures, fostering the growth of the DeFi landscape.

Launchpad

This comprehensive suite of services positions MM Finance as a one-stop shop for your DeFi needs, allowing you to trade, earn rewards, explore NFTs, and participate in the future of blockchain technology.

How to Buy Cryptos?

Buying Crypto on MM.Finance involves 7 Steps:

Step1: Head to the MMF exchange (Cronos or Polygon network).

Step2: Unlock your crypto wallet.

Step3: Pick your “From” and “To” tokens (what you're spending & buying).

Step4: Review the swap details (rate, amount received).

Step5: Click “Swap” and confirm the transaction.

Step6: Werify in your wallet app.

Step7: Success! See transaction details on blockchain explorer.

Is MM.Finance a Good Exchange for You?

MM.Finance can be considered the best exchange for users seeking a feature-rich, low-cost entry point into DeFi.

  • Lower Transaction Fees: Compared to established exchanges like Ethereum or Bitcoin, MM Finance boasts significantly lower transaction fees (0.17%). This can be a major advantage for users making frequent trades or those with smaller investment amounts.

  • Diverse DeFi Opportunities: Beyond simple swaps, MM Finance offers a variety of features that cater specifically to DeFi enthusiasts. These include liquidity pools, yield farms, an NFT ecosystem, and a Launchpad for investing in new projects. This allows users to explore various ways to earn passive income or participate in the growth of innovative DeFi ventures.

Conclusion

MM.Finance stands as a user-friendly decentralized exchange (DEX) accessible on Cronos and Polygon blockchains. Beyond trading and swaps, MM.Finance provides opportunities to become a liquidity provider and earn rewards, or stake tokens in farms and pools for passive income. Users can also explore unique features like boosted farming rewards for MadMeerkat NFT holders, a dedicated NFT marketplace, and a Launchpad to invest in promising new projects with $MMF tokens.

However, it's noteworthy that the excahnge is currently under no valid regualtion. Although MM Finance offers a feature-rich experience with lower fees, it's advisable for you to carry out research by yourself and understand risks before participating.

Frequently Asked Questions (FAQs)

  • Question: What are the fees for trading on MM.Finance?

  • Answer: MM.Finance boasts significantly lower fees compared to traditional exchanges, with a flat rate of 0.17% per trade.

    • Question: What cryptocurrencies can I trade on MM.Finance?

    • Answer: MM.Finance offers a diverse selection of 20 tokens, including established players like Lido Token (LDO) and Wrapped Ether (WETH), alongside niche options and DeFi gems.

      • Question: How can I earn rewards on MM.Finance?

      • Answer: MM.Financeprovides several ways to generate passive income: become a liquidity provider, stake tokens in yield farms or pools, or explore features like boosted farming with MadMeerkat NFTs.

        • Question: What are liquidity pools, and how do they work?

        • Answer: Liquidity pools are essential for smooth trading on DEXs. By contributing your crypto holdings to a pool, you earn rewards while facilitating trades for others.

          • Question: How does MM.Finance prioritize security?

          • Answer: MM.Finance undergoes security audits (like the Certik audit) to identify and address potential vulnerabilities within their platform.

            User Reviews

            User 1: “MM.Financehas been a game-changer for me! The low fees are amazing, especially compared to the high costs I was used to on other exchanges. Beyond just swapping tokens, I love the variety of ways to earn rewards. Staking my tokens in farms is easy, and the potential for boosted farming with an NFT is tempting. The Launchpad is a cool feature for early project investment, and the whole platform feels user-friendly. While I understand there are inherent risks with DeFi, the security measures like audits give me some peace of mind. Definitely recommend checking out MM.Finance if you're looking for a feature-rich DeFi experience!” - Sarah K., DeFi enthusiast

            User 2: “I'm new to DeFi and decided to try MM.Finance because of the lower fees. Swapping tokens was easy enough, but all the other features seem a bit complicated. I found the explainer videos helpful, but there's still a learning curve. The lack of regulations makes me a little nervous, even though they have audits. Overall, MM.Finance seems like a promising platform, but I think it might be better suited for more experienced DeFi users.” - John L., cautious investor

            Risk Warning

            Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.