Mdex is an Automated Market Maker (AMM) Decentralized Exchange (DEX) on Binance Smart Chain (BSC) and Huobi ECO Chain (HECO). The project aims to create a high-performance DEX ecosystem and provide multichain support.
Through the dual incentives of liquid and transaction mining, users may increase their returns on Mdex's platform. Mdex has also launched a repurchase and burn program, which is funded by a share of the platform's transaction fees.
Mdex strives to build a DeFi platform that integrates DEX, Initial Model Offering (IMO), and Decentralized Autonomous Organization (DAO), providing a one-stop liquidity service for their users. Users may swap assets between BSC, Ethereum and HECO via the Mdex bridge.
MDX is the native utility token of the platform and has the following use cases:
Planned token use cases to be released include:
The project has raised 21MM USD from one round of private token sales, where 7.00% of the total token supply has been sold at 0.3 USD / MDX.
As at May 24th 2021, the current circulating and total supply of MDX is 401,615,123 (~40.2% of the max 1 billion MDX supply).