MDEX.COM supports the decentralized cross-chain transaction protocol of BSC, HECO and ETH, and occupies first in the DEX rankings of CoinMarketCap and CoinGecko.It aims to integrate the distinct advantages of a variety of basic public chains to create a high-performance compound DEX ecosystem. Using the “dual mining incentives through liquidity mining and trading mining”, it maximizes the returns for participants. The transaction fee charged is utilized to repurchase and burn the platform token, which contributes to materializing a self-driving closed loop for value capture.MDEX is now available on Huobi Eco-Chain (Heco) and Binance Smart Chain (BSC). Users can use MDEX Bridge to realize cross-chain interoperability between Heco, ETH and BSC.
MDEX is committed to building a DeFi platform that integrates DEX, IMO, and DAO. In doing so, it seeks to provide one-stop liquidity services for more high-quality assets, and at the same time offers users a more secure, reliable, diverse, and cost-effective transaction experience.Choose MDEX.COM for best trading experience, most economical trading cost and fastest trading speed.
On January 6, the project went online.
On January 19, liquidity mining & trading mining were open; the liquidity of the day reached US$275 million; and the transaction volume amounted to US$521 million.
On January 24 (18 days after its launch), the single-day transaction volume exceeded US$1 billion.
On February 1 (26 days after its launch), the liquidity exceeded US$ 1 billion.
On February 3, the Boardroom (Board of Directors) mechanism was launched, and the MDEX ecological fund, which is worth US$15 million MDEX was established.
On February 19, the single-day transaction volume exceeded US$2 billion.
On February 25th, MDEX ranked first in the CoinMarketCap global DEX rankings. It accounted for 53.48% of global DEX trading volume. The daily transaction volume reached US$5 billion, exceeding the total amount of all DEX projects.
On March 9, MDEX released its product roadmap for the second quarter.
l On March 10, MDEX went online for 51 days.The cumulative transaction volume exceeded US$100 billion.
On March 12, the total amount of repurchased and burnt MDX exceeded 10 million.
On March 16, MDEX Version 2.0 was released.
On March 18, the 24-hour transaction volume exceeded US$2.2 billion.TVL exceeded US$2.3 billion which builds a new record.
On March 19, in total 143 million MDX are distributed in the form of transaction mining subsidies + liquidity mining rewards, worth US$577 million.
The transaction fee for the two months after the launch was over US$340 million. The 7-days transaction fees rankthe 3rd, only after Bitcoin and Ethereum.
On Apr 4, Mdexlaunched on BSC, which supports single currency mining, liquidity mining, trading mining and asset cross-chain.
Mdex economic model:
The total supply of Mdex’s platform token MDX is about 1 billion, of which 10% is used as a team reward for team operation, technology research and development, etc., and it will be unlocked in 24 months after being launched by smart contracts. 7% is used as an early investor share to provide more sufficient and beneficial funds and resources for the development of Mdex; 3% is used for market promotion and brand building; these two shares are unlocked in twelve months after going online. The remaining 49% and 31% are used for liquidity mining and trading mining on HECO and BSC respectively.
Mdex transaction fee: 0.3%
After liquidity mining and trading mining start, the platform will charge a transaction fee of 0.3%. Among them, 0.1% is used for ecological funds and project development, 0.18% is rewarded to pledged MDX users through the boardroom, and 0.02% is used to repurchase and burn MDX. (Note: The boardroom will be opened at 20:00 (UTC+8) on April 11)