icon - Mdex
MDX Mdex
+ 1.83%
$ 0.07985925
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 337
    $ 0.07985925
    $ 75,886,011
    $ 3,483,101
    950,246,937 MDX
    + 1.83%
What is Mdex?
MDEX is a new trading protocol.
MDEX is an automated market making protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain.
MDEX has an estimated cost for token swaps at $0.001 for each trade, with a transaction speed of three seconds.

What makes Mdex unique?
The majority of DeFi projects live on the ethereum network, but it is facing problems with gas fees and slow transaction speeds as it transitions to the new platform.
If they want a fast adoption rate, most newly-developed protocols consider scaling factors.
The Huobi Ecological Chain-based Mdex claims to be based on a chain that aims to avoid scaling problems.

There are pages related to this.
You can check it out here.
You can check out SushiSwap here.
You can learn more about DEXs here.
You can read about it on the website.

How is the Mdex network secured?
Huobi is an exchange founded in China and listed in Hong Kong.

MDEX has a dual mining innovation.
Transactions made on MDEX can cost almost nothing, sometimes resulting in even negative charges, since users are given rewards for trading and mining, effectively canceling out the costs of transactions on the network.

MDEX has a deflationary tokenomics.
MDEX uses a "repurchase and burn" model, which decreases the circulating supply of the MDX token over time, driving up its value. Over the long run, this model keeps the value of MDX sustainable.
The governance mechanism of one of the fastest-growing DEXs can be participated in by MDX token.

Project partnerships are brought about by MDEX's Protocol Compatibility.
MDEX is designed for users and project developers as it implements an automated market maker that facilitates low slippages for trades, good market depth and high yields for transaction and liquidity miners.

Where can I buy Mdex?
Huobi Global, Gate.io, and the MDEX exchange are some of the markets where Mdex is traded.
You can learn how to buycryptocurrencies.