Madbyte Update — June 1, 2022
These past few months have shown how volatile the crypto markets can be as Bitcoin went down over 60%. Terra Luna was completely wiped out because of its UST stablecoin de-pegging event. Some crypto coins such as Monero XMR weathered the storm fairly well, being up 60% to BTC and 35% against USD.
Our MADX token is tied to the Fantom token since it is on SpookySwap and paired to FTM, so it has gone down in value against USD. There is a small liquidity pool that has been started on Spooky against USD that will arbitrage with the MADX/FTM pairing. In the future, we will continue to explore other alternative networks and swap exchanges to place the MADX token.
As we continue developing play-to-earn crypto games, we would like to see the game token easily accessible on several networks.
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All the best,