Mdex is a decentralized automated market making (AMM) exchange protocol that operates on the concept of pools of funds, sharing some similarities with standard DEXs but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum and Huobi networks. Ecological Network (HECO), which gives you access to the liquidity of the Ethereum ecosystem.
In this article, we will discuss:
What is Mdex (MDX)?
Mdex is an automated decentralized fund pool exchange based platform. It is a highly innovative Defi design that combines the advantages of DEX and the features of a centralized exchange platform. The large space that allows for Mdex's imagination and growth is based on the flowering and development of an ecological chain by Huocoin.
Mdex is strategically positioned as the ultimate choice for Eco-token transactions in large Defi ecosystems with DEX, DAO and IMO integrations. Based on Automated Market Maker (AMM) technology at BSC with a total blocked value of $5 billion.
The goal is to accelerate the green construction of Huobi's Defi Eco-Chain and also looks forward to the opportunity to develop a more prosperous Defi ecosystem to allow it to show its unlimited potential in lending, insurance, asset management and other key sectors.
To implement this correctly, Mdex uses a mixed-chain DEX model-based concept available in the Heco-chain and Ethereum ecosystem.
Unlike the Ethereum ecosystem, known for its exorbitant gas fees, Mdex offers a lower transaction fee on the Heco network, while allowing users to take advantage of the beneficial features of the Ethereum platform. In addition, users can also look forward to dual liquidity and transaction mining mechanisms.
The developers of this project are committed to building a decentralized finance platform that allows easy integration of DEX, IMO / ICO and DAO in the Heco and Ethereum chain. They have also made continual improvements in the design and implementation of all Mdex projects with the aim of attracting external assets, further innovating Defi's business plans and encouraging the active participation of all members.
With this in place, users receive safer asset selection and configuration, while benefiting from greater returns on their investment in decentralized token exchange services.
The MDX token has a lock time of 3 seconds based on Heco and a lock reward value of 80MDX with a halved time rate that occurs in half a year.
It allows for a dual mining engine and supports reward incentives; it also has a developed resource while fundraising can be organised, as well as trade and mining.
How Does Mdex (MDX) Work?
The Mdex token is often used as the standard for fundraising as most decentralized protocols implement it during funding events. One of them is HT-IMO which currently operates on the Mdex platform. It is also used during governance and decision-making involving voting. This means that to resolve any issue prevailing on the platform that requires the effort of all participants, Mdex tokens will be used as the placing of votes and the greatest number of votes wins. For decisions such as determining the ratio of fees, destroying and repurchasing or reviving essential rules, Mdex is used.
The token is used in the innovation zone which gives users an advantage when trading new tokens with promising rewards and no restrictions.
What makes the Mdex (MDX) cryptocurrency different?
Mdex's differential is its low transaction fees. Assuming 10000 USDT is traded on similar Mdex platforms like UniSwap , companies are required to pay a transaction fee of 0,3% and a gas fee ranging from 30 to 50 USD. On the Mdex platform, the transaction fees paid can be recovered through mining, and also because of the subsidized transaction fees for members who intend to transact above $100 million tokens, the transaction fee is 0.
Additionally, members can easily switch pools on the Mdex platform; this is generally impossible on other platforms as the change represents an increase in the rate of gas rates.
Mdex also has a higher transaction speed than UniSwap with a speed time of 3 seconds. It's faster than UniSwap, which takes up to a minute, contributing to known congestion on Ethereum's core network.
Mdex compensates its members for purchasing HT on the secondary market by dividing the 66% daily income rate by a ratio of 7: 3.
Who are the founders of Mdex (MDX)?
The founders of Nate Flanders and Anant Handa served as CEO and CSO, respectively. Nate graduated from Florida State College — Jacksonville in Business Administration, Management and Operations. He was CEO and founder of Phone ResQ, co-founder of startup crypto coin trader, was CEO of Mandala Exchange and president of popular bitcoin and altcoin price alert app – Bitwatch.
Anant holds a BA in Chemical Engineering from Purdue University and an MBA from Columbia University Business School. He has served as a project control engineer at ExxonMobil Development, an intern product manager in user acquisition strategy and implementation, a consultant and COO at Panda Analytics, Investment Banking Associate at Credit Suisse and a product manager at Apple.
MDEX token
MDX is Mdex's cryptocurrency token, highly valued for the uniqueness and success of the blockchains your project is running on. The token can be extracted and traded. It has a total supply of 1 billion. A block appears every 3 seconds based on the HECO chain with block rewards of 80 MDX per block. The halving takes place every six months.
Of the total token provided, 80% goes to liquidity and transaction mining at Heco. Additionally, team rewards for operations and development account for 10%. At the same time, the remaining 10% of the token in the provision is shared among users as part of the first investors to provide more sufficient funds and resources used for market promotion and brand building, receiving 7% and 3% respectively .
MDX Use Cases
In addition to representing the rights of holders, the MDX has some practical application value. Some of its use cases include:
- Governance. MDX is a decentralized, community-led project. In other words, the community makes important decisions that affect the project. MDX holders participate in community governance through voting to determine transaction fee rates, review other essential rules, and determine the decision to be reached through repurchase and destruction.
- Standard fundraising tokens. MDX can also serve as a standard fundraising token by HT-IMO, a decentralized fundraising protocol that runs on the MDX platform. This use case is very similar to using ETH in ICOs on the Ethereum platform.
- Rate. MDX charges a transaction fee of 0,3%, where 66% of the daily fee revenue is split between two parties. 30% goes to rebuy MDX and burn to increase deflation, while the remaining 70% goes to buy HT from the secondary market as well as reward users who promise MDX. MDX repurchase and burn and purchase of HT for airdrop in MDX pledgers occur daily with transparency.
- Security. MDX is completely safe. In addition to leveraging cutting-edge security features, DEX is audited by FAIRYPROOF, CERTIK and SLOW MIST, the leading security audit of blockchain.
Is the Mdex (MDX) network secured?
The Mdex platform has an unquestionable security protocol that features first-rate features. In addition, it has been reviewed, tested, verified and audited by several third-party blockchain security auditing firms such as CERTIK, SLOW MIST and FAIRYPROOF. In addition to its network, developments are proven to be secure and roadmaps efficient enough to spur further progress.
What is the Mdex Price Forecast (MDX)?
The price of Mdex is forecast to peak at $1.072 through 2022.
As early as 2023 according to our crypto price prediction index, Mdex (MDX) could reach a maximum level of $1.820, with the average trading price of $1.353.
In 2025 according to our crypto price prediction index, MDX should cross an average price level of $1.606, the minimum expected value of the MDex price at the end of the current year should be $1.774. Additionally, MDX can reach a maximum price level of $1.900.
Where to buy Mdex (MDX)?
The MDX cryptocurrency can be traded on the following exchanges:
- Binance
- Huobi Global
- Gate.io
- lbank
- MEXC
Conclusion
Mdex is an efficient platform for digital trading, offering users speed, security, low transaction fees and other benefits. Its multicurrents have proven to be excellent. Therefore, it is the ideal way to create compatibility between main chains to create a composite DEX ecosystem.
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