MCDEX (MCB) is the first entirely permissionless DEX for perpetual contracts trading, fuelled by MCDEX's technology known as AMM. The creation of MCDEX AMM is positively capital efficient; hence, delivering low slippage and costs for traders. MCDEX AMM claims to be over 1,000 times more efficient than standard XYK AMM within the exact liquidity in the pool. The MCDEX protocol permits anyone to form any market, significantly increasing market diversification.

In MCDEX, decentralized Oracle services like Chainlink and Band have high protection and consensus. However, because of cost considerations, Oracle data services generally have a significant deviation (0.1%~0.5%). It is appropriate to utilize the price delivered by the decentralized Oracle service instantly as the marked price. The marked price of the unchanging contract is only utilized to compute the contract position value, thereby specifying the liquidation price. Currently, the maintenance margin suggested by MCDEX is 6.7%. The divergence of 0.5% doesn't impact the liquidation of the perpetual contract.

By significantly raising the credibility of the perpetual contracts, the usage of decentralized Oracle services can eradicate the “price manipulation issue” caused by the short-term capital fluctuations of centralized trades. However, when a decentralized Oracle is utilized for AMM pricing, a significant Oracle variation causes a more extensive arbitrage space for AMM quotations.

The MCB token is native to the platform. The community of MCDEX has published the governance token MCB and has accomplished a string of governance work. In contrast, establishing the Mai3 protocol, the platform established MCDEX DAO based on MCB. MCDEX DAO is the heart of the MCDEX community. The mission of the MCDAO is to develop the MCDEX ecosystem continuously. The platform provides a governance incentive for MCB token holders who partake in community governance. 

Liu Jie is the founder of the MCDEX platform. Liu Jie is based in Beijing and previously ran a mining software business. MCDEX has a total supply of 2,268,644 tokens.

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The current market cap of MUX Protocol is £5.298M. A high market cap implies that the asset is highly valued by the market.

The all-time high of MUX Protocol is £48.97. This all-time high is highest price paid for MUX Protocol since it was launched.

Over the last 24 hours, the trading volume of MUX Protocol is £922.114.

Assets that have a similar market cap to MUX Protocol include Purple Pepe, Swarms, Utrust, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of MUX Protocol is 3.8 million.