MDEX is a decentralized exchange (DEX) based on an automated market maker (AMM) for multi-chain transactions. In a DEX, crypto traders transact directly with one another in a peer-to-peer marketplace and settle the transaction on the blockchain. The MDEX platform is such a DEX that aims to integrate multiple blockchains and deploys Binance Smart Chain (BSC), Heco chain, and Ethereum. Notably, the platform employs AMM, a set of protocols that allows groups of users to act as market makers by adding liquidity to a pool and collecting fees on transactions executed between traders. MDEX aims to provide users with a secure, diverse, and cost-effective transaction experience through its liquidity services.

MDEX seeks to combine the benefits of the Heco chain’s lower transaction costs and the Ethereum ecosystem’s prosperity. Further, the protocol has a dual mining mechanism that allows for both liquidity mining and transaction mining. That is, users of MDEX earn rewards by providing liquidity and through trade mining and can also earn tokens for every transaction/trade. The platform aims to charge a minimal transaction fee that can be offset through transaction mining, making it a zero-fee platform. This approach attempts to deliver optimum rewards to participants while also attracting adequate liquidity to MDEX. The two constitute a virtuous cycle that seeks to boost MDEX’s growth and development perpetually. 

MDEX’s AMM-based exchange works on the concept of fund pools that powers the DeFi. According to the litepaper, the DeFi market has vast potential, and MDEX seeks to maximize its transaction volume by integrating DEX, DAO, and IMO in its ecosystem. The MDEX platform aims to offer facilities categorized into five major sectors:

The platform’s ticker is MDX, a governance token. The token aims to form a crucial component in MDEX’s strategic deployment, which also expects to have a wide application scenario. Holders earn rewards through liquidity mining and trade mining. Platform users vote using MDX tokens to participate in the governance and earn corresponding rewards.

The MDEX platform was launched on January 19, 2021. On the same day, the platform launched  liquidity mining and transaction mining. Later, on September 2, 2021, MDEX launched the DAO governance function. Further, the protocol was deployed on the Ethereum network on October 8, 2021.

The MDX token has a maximum total supply of 1 billion. On June 5, 2021, the first MDX halving occurred, reducing the daily token supply from 4.6 million to 2.3 million MDX. The halving mechanism is proposed to maintain token scarcity and price stability.

The MDEX platform states that 49 percent and 31 percent of the total token supply are utilized for transaction mining and liquidity mining purposes on the Heco chain and BSC. Moreover, out of the transaction fee of 0.3 percent of total transaction volume, a portion of 0.14 percent is utilized to reward holders who pledge MDX in the boardroom. 

The repurchase and burn function is another significant MDEX implementation. In order to sustain the token’s deflation, the protocol aims to utilize 0.06 percent of the transaction fee to repurchase and destroy MDX. The purpose of repurchasing and burning is to raise the value of a token by decreasing its supply as revenue rises.

Further, MDEX aims to allow single token staking wherein users stake MDX in the boardroom to mine additional MDX. Additionally, it allows users to stake MDX to mine other platform tokens for the given duration. 

Furthermore, the platform states that transaction fees aim to constitute a significant portion of MDEX platform revenue in the future. The platform seeks to return all product earnings to MDX holders via incentives, the repurchase and burn mechanism, and other means.

我們實時將 Mdex 更新為 USD 貨幣。在 Coinbase 上獲取 Mdex 的實時價格。

Mdex 目前的市值為 US$62.916万。高市值意味著資產受到市場的高度重視。

Mdex 的歷史最高紀錄是 US$10.06。這是自從 Mdex 推出以來的最高價格。

在過去 24 小時中，Mdex 的交易量為 US$9053.946。

與 Mdex 市值相似的資產包括 Waves Enterprise, Palu, Homebrew Robotics Club 和許多其他資產。若要查看完整清單，請參閱我們的可比市值資產。

Mdex 目前的循環供應量為 9.5亿。