MDX Coin Price

Mdex MDX

MDX Coin Price

$0.66818
+4.51%
24h High$0.67630
24h Low$0.62612
Market Cap$525,992,480
24h Volume$14,081,957-2.46%
Circulating Supply
788,763,545 MDX
Total Supply452,988,758
Max SupplyN/A

Token Address

  • More

Website

Whitepaper

Mdex Chart

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MDX Coin Price

$0.66818
+4.51%
24H Low$0.62612
24H High$0.67630

What is Mdex (MDX) ?

MDX is Mdex's cryptocurrency token, which is highly valuable because of the originality and success of the blockchains on which its project is based. More on MDX coin price will be discussed later in this article. Mdex is a decentralized exchange (DEX) platform based on the Heco blockchain, which is used by the Huobi exchange. With three features, DEX, IMO, and DAO integration, it is strategically positioned as the best solution for eco-token transactions and the largest DeFi ecosystem. It also enables users to employ a dual mining process for liquidity and transactions. Furthermore, Mdex provides a safe transaction and a liquid procedure. It seeks to achieve cross-chain interoperability across prominent chains in order to build a composite DEX ecosystem. Follow their official Twitter account for any updates in the upcoming future.

Based on the HECO chain, a block occurs every 3 seconds, with block rewards of 80 MDX each block. Every six months, the amount is cut in half. On Heco, 80 percent of the entire token supply is dedicated to liquidity and transaction mining.

Furthermore, team awards for operations and development account for 10% of total rewards. At the same time, the remaining 10% of the token supply is split among users as an early investor's share to offer more adequate money and resources, and is used for market marketing and brand creation, getting 7% and 3%, respectively. With its current MDX coin price, MDX coin is considered one of the most attractive investments in the crypto-world.

MDX Coin Price

With increasing MDX coin price, the token is mineable and tradeable. It has a total supply of one billion units, with current MDX coin price of around 1.1$ per unit (on the date of writing - 22 July 2021) makes its gross total equals 1.1 billion USD. To see the MDX price today, visit ARKEN.

Mdex's Key Technical Features

Mdex protocol has numerous characteristics that distinguish it from other protocols.

Automated Market Maker (AMM): MDEX, as an Automatic Market Maker, aids companies in rapidly developing and deploying apps by offering a suitable platform that facilitates this process.

Dual mining mechanism: The Mdex platform is based on a dual mining innovation that ensures a safe transaction and a liquidity process. The notion of depositing all money improves trading operations, which increases the Automated market maker liquidity process. MDEX coin can be converted to other currencies or cash in a variety of ways.

Fundraising: The Mdex platform is utilized for fundraising as well. The Mdex IMO platform makes the fundraising process easier.

Cheap and quick transactions: When compared to Ethereum (ETH), the Mdex protocol offers rapid transactions and cheap costs, allowing it to incorporate the "Binance smart" chain or be compatible with smart contractors. Mdex's platform features have been upgraded with the 2.0 version. As a result, it offers customers a quicker, more secure, and user-friendly platform in a liquid trading system for a little or no cost.

Decentralized Autonomous Organization (DAO): Mdex operates a DAO structure and governs it with its native MDX token. By voting or collateralizing, MDX token holders can propose a token listing. It is a DAO system with clear rules that are controlled by its participants. On the platform, participation is open to everybody.

The Mdex platform includes a variety of incentive mechanisms such as LP pools, listings, and pairs: Mdex's official Medium handle will keep players up to date on new pools, changed reward systems, and platform news.

Trading Mining: One of Mdex's most interesting features is its one-of-a-kind Trading Mining option. This innovative trading system compensates users for each deal they execute. These incentives encourage increased trading activity on the DEX, resulting in more liquidity and more trading alternatives.

Benefits From Mdex

Mdex is a one-of-a-kind platform that outperforms SushiSwap (SUSHI) and Uniswap (UNI) on the Ethereum blockchain. Its users gain the following advantages:

Transactions are processed quickly: MDEX's transaction speed is faster than Uniswap's. This is due to the Mdex platform's architecture being on the Heco chain, which confirms transactions in 3 seconds or less. Mdex does not have any delays as compared to Uniswap, which takes longer.

Transaction costs are extremely low: The commission on a 1000USDT transaction on Mdex is 0.3 percent. It is comparable to Uniswap, which costs a fee of 0.3 percent ($3). The Mdex platform allows users to mine the amount paid as a transaction fee.

Users can also swap pools: MDEX's pooling mechanism is adaptable. It enables users to switch from one pool to another.

The Allocation of MDX Tokens

1 billion tokens are currently in circulation.
On average, the block creation cycle lasts 3 seconds.
Block remuneration: 80 MDX per block
Every six months, the cycle is half.

RoadMap

In Chinese cryptocurrency circles, the initiative is known as the "DeFi Golden Shovel." The immediate goal of the roadmap is to achieve cross-chain interoperability with multiple chains.The platform appears to be ready to become multichain, with the inclusion of top chains like BSC and ETH, ushering in a multi-chain era in DEX. According to a medium post published by the company:

"MDEX will progressively enable ETH (layer 2 network), BSC, OKExChain, DOT, NEAR, and other public chains to interconnect assets. In this manner, we want to create a pan-eco transaction protocol."

The hefty transaction costs on Ethereum reduced ETH's supremacy. Many DeFi users have shifted to alternative blockchain infrastructures, such as Huobi and Binance Smart Chain. In the future, MDEX will include additional chains such as ETH and BSC, making it a multichain DEX service. It will include novel features such as transaction mining and an increase in TVL. MDEX presently has relatively low transaction costs because of the user incentive system of transaction mining and buyback incentives, and users gain from transactions. Overall, MDEX's cheap fees, transaction incentives, low slippage, and ever-increasing LP pairings will make the platform appealing to consumers and help it retain its supremacy as the top DEX in the ecosystem.

For more detail on MDX, read its whitepaper.

MDX Coin Price

Why Should You Buy Mdex?

Apart from the low value investment of MDX coin price, Mdex is a one-of-a-kind platform that outperforms SushiSwap (SUSHI) and Uniswap (UNI) on the Ethereum blockchain. Its users gain the following advantages:

Transactions are processed quickly: MDEX's transaction speed is faster than Uniswap's. This is due to the Mdex platform's architecture being on the Heco chain, which confirms transactions in 3 seconds or less. Mdex does not have any delays as compared to Uniswap, which takes longer.

Transaction costs are extremely low: The commission on a 1000USDT transaction on Mdex is 0.3 percent. It is comparable to Uniswap, which costs a fee of 0.3 percent ($3). The Mdex platform allows users to mine the amount paid as a transaction fee.

Users can also swap pools: MDEX's pooling mechanism is adaptable. It enables users to switch from one pool to another. Visit Arken to know what people are swapping with MDX today.

Mdex Use Case

MDX has certain practical application usefulness in addition to reflecting the rights of holders. Among its applications are:

MDEX is a community-led, decentralized project. In other words, significant choices impacting the project are made by the community. MDX holders participate in community governance by voting on transaction fee ratios, other important regulations, and the choice to achieve through buyback and destruction.

MDX may also be used as a standard fundraising token by HT-IMO, a decentralized fundraising mechanism that operates on the MDEX platform. This use case is quite similar to utilizing ETH in Ethereum-based ICOs.

Fee: MDEX charges a 0.3 percent transaction fee compared to MDX price, with 66 percent of daily fee proceeds divided into two halves. 30% is used to repurchase MDX and burn it to promote deflation, while the remaining 70% is used to acquire HT on the secondary market and to reward users who pledge MDX. The repurchasing and burning of MDX, as well as the purchase of HT to airdrop to MDX pledgers, occur on a daily basis in a transparent manner.

Security: MDEX is completely safe. The DEX is subject to assessment by FAIRYPROOF, CERTIK, and SLOW MIST, the top blockchain security audit, in addition to using high-end security features.

Team & Organization
Founders
  • Anonymous

Twitter Update

Historical Data for MDX Coin Price

Date
Open
HighLow
Close
VolumeMarket Cap
Nov 27, 2021$0.67092$0.67092$0.63211$0.63479$12,557,219$524,511,973
Nov 26, 2021$0.66587$0.67995$0.65775$0.67217$18,211,569$514,076,265
Nov 25, 2021$0.73486$0.73556$0.64937$0.66612$18,279,192$568,056,869
Nov 24, 2021$0.70065$0.74164$0.70065$0.73563$24,684,310$554,008,023
Nov 23, 2021$0.76195$0.76195$0.69771$0.69771$19,061,162$592,784,726
Nov 22, 2021$0.81127$0.81127$0.75999$0.76143$53,322,495$616,910,509
Nov 21, 2021$0.79030$0.84779$0.75076$0.80324$51,082,938$616,496,057
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