Press Release

MDEX is Causing a Stir in DEX (decentralized exchange) Waters

SingaporeAn upcoming DEX supported on Huobi’s Eco-Chain, MDEX launched mining on January 19th. In eight days the total LP (liquidity pool) pledge amount went over USD 1 billion, while its 24-hour transaction volume exceeded USD 1.4 billion. The 24-hour volume surpassed the market’s most popular DEXes, UniSwap and SushiSwap. At present, the Total Value Locked (TVL) on MDEX is USDT 1.101 billion. 

Access to Ethereum’s Extensive Ecosystem and Low Fees on HECO

MDEX is an automatic market-making (AMM) DEX based on a mix-chain model on HECO (Huobi Eco-Chain) and Ethereum. It effectively leverages on the wide, far-reaching Ethereum ecosystem as well as the low transaction fees of the HECO chain

MDEX Dual Mining Innovation: Liquidity and Transaction Mining

Supporting the “dual mining mechanism” of DEX-based AMM liquidity and transaction mining, MDEX explains the dual liquidity mining in these terms – transaction mining is equivalent to adding a layer of “leverage”. Depositing funds in the pool not only increases the AMM liquidity but also supports trading activities.

Both DEXes and CEXes (centralized exchanges) face a similar challenge – liquidity. MDEX posits that liquidity and transaction mining methods are two effective methods that help exchanges gain liquidity within a short period of time.

Tokenomics Model

The total supply of MDX tokens is 1 billion with the allocation as follows:

  • Team: 10%
  • Investors: 7%
  • Marketing: 3%
  • Mining: 80%

Deflationary Model with Repurchase and Burn + Repurchase and Reward

 To sustain liquidity mining, a good tokenomic mechanism is essential. In a bid to enhance the  financial value of the MDX token, MDEX is implementing a “repurchase and burn” and “repurchase and reward” mechanism.

According to MDEX, 66% of the income of the daily transaction fees will be split into 2 parts – 30% will be used to repurchase MDX for burning. The 70% balance will be used to buy both HT (Huobi token) and a smaller portion of MDX from the secondary market, to reward MDX stakers. 

At present the amount of MDX repurchased is 4.044 million and its real-time deflation rate is at 6.53%. 

Secure and Committed

Audited by blockchain security audit firm CodeSafe, MDEX is committed to building the biggest DeFi platform that integrates DEX, IMO and DAO, on both the HECO and Ethereum chains.

To get more information about MDEX, please check out: https://mdex.com/#/

MDEX Official Channels:

Twitter: https://twitter.com/Mdextech

Telegram: https://t.me/MixDex

Medium: https://mdex.medium.com/

TechBullion PR

Press releases and sponsored contents, with advertising or promotional materials. | TechBullion is not responsible for or liable for the sponsored contents, accuracy or quality within the press release.

Share
Published by
TechBullion PR

Recent Posts

Automotive Ethernet Market Considerable Growth is Anticipated Beyond 2028

As per the report published by Fior Markets, the global automotive ethernet market is expected…

3 hours ago

A2P Messaging Market Estimated to Expand at a Robust CAGR of 3% by 2028

As per the report published by Fior Markets, the global A2P messaging market is expected…

3 hours ago

IoT Gateway Devices Market to see Incredible Growth USD 28.85 Billion by 2028

As per reports published by Fior Markets, The IoT Gateway Devices market is expected to…

3 hours ago

Home Medical Equipment Market | Technological Advancements and Compliance Benefits to Boost Growth

Global home medical equipment market is projected to reach USD 53.14 billion by 2028, at…

3 hours ago

Why Intelligent Document Processing Is Essential for Modern Businesses

Modern businesses deal with large volumes of data every single day. But when it comes…

5 hours ago

The Gold Content of the PMP Certificate

Many people on the Internet are now asking, since the PMP certification was initiated by…

7 hours ago