What is Ellipsis (EPX)?

Ellipsis (EPX) is the native token of a DEX platform, Ellipsis Finance, an authorized fork of the DEX Curve Finance. Ellipsis Finance describes itself as the most flexible and capital-efficient DEX on the BNB chain for stablecoins. It has three major attractions: price-efficient token swaps, high yield to token holders in a well-tested environment, and deep liquidity solutions for its tokens.

Upon its initial release, the Ellipsis project utilized EPS as its native token. However, with the launch of Ellipsis version 2.0 with improved features on March 18, 2022, The token migration occurred from EPS to EPX. It involved exchanging EPS for EPX tokens in a 1:88 ratio, meaning holders received 88 EPX tokens for every EPS token they held. The maximum supply of EPX is 132 B. It is BEP-20 supported and plays multiple roles in the Ellipsis ecosystem. Those who own EPX tokens get the right to earn a portion of trading fees and other rewards offered by Ellipsis. Furthermore, they also get the voting right to have a say in the platform's governance and its components.

How does Ellipsis (EPX) work?

Ellipsis works as an automated market maker (AMM), facilitating decentralized trading and swapping of tokens through liquidity pools at lower fees, unlike exchanges that use the order book method to cater to buyers and sellers.

In this case, liquidity providers deposit their tokens in the liquidity pools and receive EPX as a reward. These LP tokens represent their share in the pool. Whenever a liquidity provider wishes to exit the pool, they can unstake their LP tokens, and Ellipsis Finance returns them the tokens that they deposited in the pool.

Ellipsis Finance composes three types of Liquidity pools- Base pools, Meta Pools, and Factory Pools. Base Pools allow the deposit of BUSD, USDC, USDT, renBTC, and wBTC cryptocurrencies. These pools require you to hold a combination of three stablecoins. The most popular combination is BUSD-USDC-USDT. On the contrary, Meta Pools allow a single coin to be pooled with the coins available in the base pools. Lastly, the factory Pools are the permissionless pools that anyone can create. These factory pools can contain stablecoins, pegged BTC, or BNB. Ellipsis's trading fee is 0.04% for like-kind pools and 0.4% for different-type pools. It distributes 50% of its total collected fee to liquidity providers of the pools and the remaining 50 to the EPX stakers. EPX token has three main uses in Ellipsis Finan: e-voting, Boosting, and Locking. All these are used to incentivize investors to participate in the Ellipsis ecosystem.

EPX owners can lock in the Ellipsis locking protocol to receive a portion of trading fees or utilize it to boost LP rewards using vlEPX, aka vote-locked EPX, a term used for locked EPX tokens. The longer the locking period is, the more vlEPX one can receive. Additionally, it allows participation in Ellipsis's governing decisions, such as weekly voting on selecting the pool for direct EPX rewards.

How to Buy Ellipsis (EPX) in India?

There are many platforms where you can invest and trade Ellipsis crypto (EPX) in India.

One such platform is Flitpay. To buy Ellipsis (EPX) in INR, you have to sign up on Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, make sure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy Ellipsis (EPX) and execute the Ellipsis (EPX) purchase.

You can instantly convert your INR to EPX and EPX to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After I Buy Ellipsis (EPX)?

Ellipsis (EPX) can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the Ellipsis (EPX) till it reaches a high price, and then you can sell it through the FLITPAY Quick Buy/Sell order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

Additionally, EPX also has multiple attractive use cases in the Ellipsis Finance. You can lock it to earn vlEPX, which gives you voting rights in the platform protocols. Locking EPX also gives you a portion of the trading fee collected by Ellipsis Finance through its liquidity pools.

FAQs

What is an Ellipsis (EPX)?

EPX is the native token of the Ellipsis Finance; a DEX platform for efficient and convenient swapping of stablecoins. EPX is used to incentivize the liquidity providers and traders involved in the Ellipsis. The total supply of EPX is 132 billion.

What is the Ellipsis (EPX) price in India?

Check out the current INR price of EPX crypto in India on Flitpay.

Which is the best crypto exchange to buy Ellipsis (EPX) in India?

Flitpay is the best crypto exchange in India to buy EPX, buy Bitcoin or your favorite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the benefits of Ellipsis (EPX)?

Ellipsis (EPX) gives its owners the benefits of liquidity rewards and voting powers to participate in the governance of the Ellipsis platform. It also helps to boost LP rewards to up to 2.5x. By locking in the Ellipsis locking protocol, EPX holders receive a portion of the trading fees collected by Ellipsis Finance from its liquidity pools. This provides an additional source of income for EPX holders.

Is it safe to invest in Ellipsis (EPX) in India?

Yes, investing and trading EPX crypto is safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying EPX. It offers real-time prices and advanced investing features.

Is Ellipsis (EPX) a Good Investment?

As discussed, Ellipsis (EPX) offers several benefits and rewards in Ellipsis Finance. It gives Ellipsis (EPX) a good utility within the ecosystem. However, the crypto market is risky and volatile. Thus, investing in EPX should be done with utmost caution.