Developed fully for public use on January 6, Mdex is an automatic decentralized exchange-based platform that funds pools. It is a highly innovative Defi project that combines the advantages of DEX and the features of a centralized exchange platform. The great space that allows for imagination and growth of Mdex is based on the flourishing and developing an ecological chain of Huocoin.
Mdex is strategically positioned as the ultimate choice for Eco-token transactions on large Defi ecosystems with DEX, DAO, and IMO integrations. Based on Automated Market Maker (AMM) technology on BSC with a total locked value of USD 5billion.
It aims to speed up the ecological construction of Defi of Huobi’s ecological chain and also wants the opportunity to develop a more prosperous Defi ecosystem to allow it to showcase its unlimited potentials in lending, insurance, asset management, and other important sectors.
To properly implement this, Mdex uses a mix-chain DEX model-based concept available on 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 chain, whilst allowing users to enjoy the beneficial features of the Ethereum platform. In addition, users can also await dual mining mechanisms of liquidity and transactions.
The developers of this project are committed to building a Decentralized Finance platform that allows for the easy integration of DEX, IMO/ICO, and DAO on the Heco chain and Ethereum. They have also continuously made improvements in the design and implementation of all Mdex projects with the aims of attracting external assets, innovating more Defi business plans, and encouraging active participation of all the members.
With this in operation, users are provided with a safer asset selection and configuration while benefiting higher returns on their investment in the decentralized token exchange services.
The MDEX token has a blocked time of 3 seconds based on Heco and a block reward value of 80MDX with a halve time rate that occurs half a year.
It allows for a dual mining mechanism and supports reward incentives; it also has a developed feature while fundraising can be organized as well as trading and mining.
Who are the Founders of Mdex (MDEX)?
The founders of Nate Flanders and Anant Handa both served as the CEO and CSO, respectively. Nate is graduated from Florida State College—Jacksonville with a degree in Business Administration, Management, and Operations. He was the CEO and founder of Phone ResQ, co-founded the startup crypto coin trader, was the CEO of Mandala Exchange, and President of the popular bitcoin and altcoin price alert application—Bitwatch.
Anant had his Bachelor of Science degree in Chemical Engineering from Purdue University and had his MBA at Columbia University Business School. He served as the Projects Control Engineer at ExxonMobil Development company, a product manager intern at User acquisition strategy and implementation, the advisor and COO at Panda Analytics, an Investment Banking Associate at Credit Suisse, and a Product Manager at Apple.
What is Mdex (MDEX) used for?
The Mdex token is often used as the standard for fundraising as most decentralized protocols implement it during funding events. One of such is HT-IMO currently operates on the Mdex platform. It is also used during governance and decision-making that involves voting. This means to resolve any prevailing issue on the platform that requires the effort of all partakers, the Mdex tokens will be used as the placement of votes and the highest of votes wins. For decisions like determining the fees ratio, destruction, and repurchase, or revival of essential rules, the Mdex is utilized.
The token is utilized on the innovation zone that gives leverage to the users when trading o new tokens with promising rewards and no restrictions.
What Is the Unique Point of Mdex (MDEX)?
The unique point of Mdex is its low transaction fees. Assuming 10000 USDT is traded on similar Mdex platforms like UniSwap, the embers are obliged to pay a 0.3% transaction fee and a gas fee that ranges from 30 to 50 USD. On the Mdex platform, the paid transaction fees can be earned back through mining, and also because of the subsidized transaction fees for members that intend to transaction above 100 million USD tokens, the transaction fee is 0.
Also, members are free to switch pools on the Mdex platform easily; this is often impossible on other platforms as the switching amounts to an increase in the rate of the gas fees.
Mdex also has a high transaction speed than UniSwap with a speed time of 3 seconds. This is faster than that of UniSwap, which takes up to a minute contributing to the congestion known on the Ethereum mainnet.
Mdex compensates its members for purchasing HT in the secondary market by splitting the 66% daily income fee in the ratio 7:3.
How many Mdex (MDEX) coins are in circulation?
Although Mdex token has a total supply value of 452. 99 million, there are 650.68 million tokens in circulation. It has a market capitalization value of 684.6 million USD.
Is the Mdex (MDEX) Network secured?
The Mdex platform has an unquestionable security protocol that showcases top-notch features. Also, it has been reviewed, tested, verified, and audited by several third-party blockchain security audit firms such as CERTIK, SLOW MIST, and FAIRYPROOF. Asides from its network, the developments are proven to be safe and the roadmaps efficient enough to stir up more progress.
How do I buy Mdex (MDEX)?
The IOS Technology offers loads of benefits and incentives whilst having the features of UniSwap and an additional customer-worthy mining experience. To enjoy benefits like engaging in governance, earning returns on your investment, experiencing higher transaction speed, the Mdex token is necessary to have. Its adoption rate has increased and made it steadily available across several platforms. To buy Mdex tokens, the steps below provide.
the right direction to purchasing their tokens.
* Open an account with the crypto trading platform.
* Transfer your specific fiat currency to your account.
* Wait for your deposit to be confirmed and Buy IOS tokens through your trading account.
Which Cryptocurrency Wallet Supports Mdex (MDEX)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Mdex tokens. Because of its speed, flexibility, and unique features, it has grown to become one of the most used new platforms. In addition, users can easily use PTPWallet as their main Mdex wallet as it offers a simple and interactive interface, making it easy to navigate its system.