Get to know MDEX in 3 minutes

    (MENAFN – Zex PR Wire)
    Singapore, 4th March 2021, ZEXPRWIRE – MDEX is a decentralized change on Heco, the ecological chain on Huobi.

    • MDEX is a decentralized buying and selling platform based mostly on the AMM (computerized market maker) mechanism on the Huobi ecological chain;
    • MDEX goals to combine the assorted benefits of a number of fundamental public chains to create a composite (built-in DEX, IMO, DAO) DEX ecosystem;
    • MDEX makes use of “twin mining mechanism”: liquidity mining and transaction mining;
    • MDX-the core MDEX token, not solely has the perform of a buying and selling medium but in addition can be utilized in voting, repurchase, fundraising and different eventualities.

    MDEX token financial system and MDX worth

    • Customers buying and selling on MDEX can earn mining rewards, which can appeal to customers to the MDEX platform;
    • In keeping with the general public info disclosed by MDEX, MDEX’s platform income comes from transaction charges which is 0.3% of the transaction quantity;
    • Of the 0.3% transaction payment charged, 0.3% is used to refuel the MDX ecosystem (0.1% to advertise the event of ecological initiatives, 0.14% to reward mining customers, and 0.06% to MDX repurchase and destroy). The reward exceeds 35 million USDT, and greater than 22 million USDT has been repurchased;
    • The platform MDX can be utilized within the following eventualities.
    • Voting: MDX holders can suggest to provoke a token itemizing by voting or collateralizing
    • Repurchase & burn: 0.3% of the transaction quantity is used as transaction charges, 0.14% of which is used to reward collateralizers and a few LPs, and 0.06% for destroying;
    • Normal fundraising token: Just like the ICO on Ethereum, MDX is a normal fundraising token that’s based mostly on the HT-IMO, the decentralized fundraising protocol on MDEX. Thus, MDX value will enhance as IMO (Preliminary Miner Choices) sees wider software.

    MDX token distribution

    • Complete variety of tokens in circulation: 1 billion
    • Block era cycle: 3 seconds on common
    • Block reward: 80 MDX rewards per block
    • Halving cycle: halved each six months

    Liquidity mining

    • Transaction payment: 0.3%, in step with Uniswap;
    • Complete day by day output: 785,532 MDX;
    • Complete month-to-month output: 23,565,972 MDX.

    Rewards for liquidity mining on MDEX up until twenty sixth Feb 2021 (supply: mdex )

    Boardroom reward pool

    • 0.14% of the 0.3% transaction payment charged can be used as rewards which might be distributed by the Boardroom reward pool on the MDEX platform;
    • The reward contains the transaction pairs as proven within the determine under, and the reward token contains two varieties: HT and MDX;
    • Cumulative reward: 35 million USDT.

    Rewards distributed within the Boardroom reward pool up until twenty sixth Feb 2021 (supply: mdex )

    Transaction mining

    • In MDEX, customers who take part in transactions can get rewards of MDEX governance token MDX;
    • Transactions pairs of excessive output: USDT/HFIL, SNX/USDT, AAVE/USDT, USDT/HBCH and HDOT/USDT, and APY presently exceeds 600%;
    • Along with mainstream property, it additionally contains numerous DeFi ecological initiatives, reminiscent of AAVE and SNX.

    Excessive APY income of transaction mining up until twenty sixth Feb 2021 (supply: mdex )

    MDEX’s latest market efficiency

    The rating of MDEX market share up until twenty fifth Feb 2021 (supply: coinmarketcap)

    • As of February 25, 2021, the 24-hour buying and selling quantity of MDEX within the decentralized change sector had reached US$3.12 billion, surpassing Uniswap’s and Pancake’s, making itself the primary available in the market;
    • Thus far, the market share of MDEX has reached 51.54% in DEX;
    • MDEX is a decentralized change based mostly on the AMM mechanism and is constructed on Heco.It helps the Ethereum public chain on the identical time;
    • The attribute is that it has a “twin mining” mechanism: along with the unique liquid mining within the AMM mechanism, buyers also can receive mining earnings through the use of MDEX for transactions, that’s, “transaction mining”;
    • Along with the governance token MDX that may be earned by buying and selling and mining, MDX may also be repurchased and destroyed often, which is similar to the financial mannequin of change platform token;
    • The common fuel payment of every MDEX transaction is about 0.1 cents, and customers will obtain MDX subsidies for the transaction payment paid
    • MDEX attracted greater than US$2 billion TVL (complete lock-up quantity) in additional than a month, with greater than 45,000 day by day energetic customers and a complete buying and selling quantity of 40.8 billion;
    • The next is the market efficiency knowledge launched by MDX:

    MDEX market knowledge up until twenty sixth Feb 2021 (supply: MDEX, tokeninsight)

    • MDX’s value within the secondary market

    MDX value and transaction quantity (supply: coinmarketcap)

    A comparability of DEX on completely different chains

    Among the many 4 DEXs in contrast by TokenInsight, the efficiency of non-Ethereum DEX has caught up with Uniswap’s. Under are a quick abstract and comparability of DEX’s market knowledge.

    A comparability of Uniswap, MDex, PancakeSwap and Sushiswap up until twenty fifth Feb 2021 (supply: Uniswap, MDex, PancakeSwap, Sushiswap, TokenInsight)

    • The comparability of a number of DEX exchanges means that MDEX’s transaction quantity ranks first available in the market. The whole lock-up quantity is 1/2 of Uniswap’s and a pair of/3 of SushiSwap’s, and has surpassed PancakeSwap’s by 0.25 occasions;
    • Nonetheless, the circulation market worth of MDX is barely 7.3% of UNI’s, 26.37% of SUSHI’s, and 34.43% of CAKE’s. It implies that the worth of MDX continues to be underestimated;
    • When it comes to the variety of buying and selling pairs, MDEX presently has 1,510 token pairs. In contrast with the extra complete Uniswap (greater than 30,000 foreign money pairs), there’s nonetheless potential to be unleashed. When the Heco ecosystem is getting higher, the potential demand for MDEX can be a lot greater than this.


    The attraction of the bull market and the excessive yield within the DeFi market has led to the hyperactivity of DEX since 2021. Nonetheless, the more and more excessive fuel payment in Ethereum has created a so-called “spillover impact” available in the market, which has enabled the event of non-Ethereum DEX reminiscent of MDEX and Pancakeswap. Because of the consumer incentive mechanism of transaction mining and repurchase rewards, MDEX presently has comparatively low transaction prices and customers even acquire advantages from transactions. These distinctive benefits clarify MDEX’s quick progress: MDEX’s 24-hour transaction quantity exceeded Uniswap’s. In the long term, when the ecology is step by step steady, low transaction charges, low slippage, varied buying and selling pairs, and high-quality buying and selling expertise are the core competitiveness of MDEX.


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