Read Our New Project Report About Bitcoin (BTC) - The World's Largest Cryptocurrency

logoMdex (MDX)

An AMM DEX on Binance Smart Chain and HECO.
  • 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:

    • Governance: Token holders can vote on network governance issues such as transaction fee ratios, and buyback and burn policies.
    • Protocol Incentives: Users may earn MDX tokens by providing liquidity or trade mining on Mdex.
    • Staking: Users may stake MDX to earn MDX.
    • IMO: Participate in Initial Model Offerings (IMOs), where projects will raise capital in MDX and BNB tokens.
  • Planned token use cases to be released include:

    • Dual Farming: Users can stake MDX tokens to earn tokens from a liquidity pair, allowing users to earn both tokens from the liquidity pool.
  • 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).