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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.
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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.
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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.
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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.
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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.
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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.
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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).
Ranking 82/89 MDX Price $1.52 Price Change 24h $0.04585 24h Low / 24h High $1.45 / $1.56 24 Hour Trading Vol $49,477,757.10 Market Cap $820,606,026.32 Max Supply 1,000,000,000 Circulating Supply 539,022,228 MDX Price History 7d Low / 7d High $1.45 / $1.71 30d Low / 30d High $1.42 / $2.17 90d Low / 90d High $1.42 / $3.65 52 Week Low / 52 Week High $1.42 / $10.06 All Time High $10.06 Website https://mdex.com About MDX Technical Analysis MDX/USDT