KYRENIA October 7, 2024 (Platinum) - Miracle Cash & More, a leader in decentralized finance (DeFi) innovation, is proud to announce the launch of its new liquidity pool on the Avalanche blockchain. Called Phoenic Leveller, this innovative pool is the first platform that allows users to leverage their liquidity positions – a breakthrough in the world of DeFi. By offering this feature, Miracle Cash & More aims to offer merchants more flexibility and expanded options to maximize their returns.
Free up access to borrow and trade larger positions
The Phoenic Leveler liquidity pool enables users to strengthen their liquidity position and unlock new potential in a rapidly evolving financial landscape. Leveraged liquidity trading is a breakthrough feature that sets this platform apart from traditional liquidity pools, where participants are typically limited to simply providing liquidity. With Phoenic Leveller, traders can now use their existing assets to borrow and trade larger positions, opening the door to higher returns and more dynamic trading strategies.
By harnessing the power of the Avalanche blockchain, Phoenic Leveler benefits from the network's high scalability, low fees and fast transaction times. Avalanche's infrastructure ensures that traders experience a truly efficient trading environment, whether they are new to the DeFi world or seasoned professionals. By combining leverage with Avalanche's advanced blockchain technology, Miracle Cash & More has created a platform that is both accessible and sophisticated, targeting users of all experience levels.
Phoenic Leveler combines with Avalanche in a secure and scalable ecosystem
"We are incredibly excited to introduce leveraged liquidity trading through Phoenic Leveller," said Hakan Törehan, CEO of Miracle Cash & More. “This innovative product, born from our Code Node investors, will become an on-chain NFT and marks a decisive advance in the DeFi space By integrating with Avalanche, we offer traders a secure, scalable and dynamic environment to maximize their opportunities. This is a real game changer in the way people interact with the decentralized economy.
This launch also joins our recent strategic partnership with Ingenico, a global leader with a POS merchant network of over 40 million units, further demonstrating Miracle Cash & More's commitment to shaping the future of financial technology..
The benefits for users of Phoenic Leveler are considerable. With the ability to leverage liquidity, traders can potentially increase their returns by accessing more capital than they initially bring in. This creates greater flexibility in their trading strategies, enabling more effective risk management and capital efficiency. Miracle Cash & More's intuitive platform design makes these advanced features accessible to both novice and experienced traders. Avalanche's low transaction fees and fast settlement times make the platform cost-effective and efficient, allowing users to focus on their trading without unnecessary delays or costs.
Smart contracts for high transparency
In addition, the platform's security measures are strengthened through the use of smart contracts, which automate transactions and provide a high level of transparency and protection of users' assets. In practice, this means that users can trade with confidence, knowing that their positions and liquidity are secured within a secure blockchain framework.
The launch of Phoenic Leveler is part of Miracle Cash & More's broader strategy to expand its service offering in the DeFi space. By integrating advanced trading capabilities into its platform, Miracle Cash & More positions itself as a leader in decentralized financial innovation. Phoenic Leveler is just one of many initiatives aimed at giving users more control over their financial position and more opportunities for growth in the blockchain economy.
Miracle Cash & More also supports Phoenic Token, which plays a central role in its ecosystem. The company has implemented a strategic acquisition plan that dedicates a portion of its monthly revenue to the purchase of Phoenic Tokens. This buyback initiative is designed to support the market value of the token and ensure stability and growth for both the platform and its users. The Phoenic Leveler platform also allows users to exchange Phoenic Tokens for other supported cryptocurrencies, offering even more flexibility
