MDEX is a multi-chain decentralized exchange based on Huobi Eco Chain and Ethereum, standing out for its low transaction fees and dual mining capabilities.
MDEX optimizes the trading experience with low costs and high speeds, while also providing a dual-chain DEX model and numerous profit mining opportunities, creating an attractive ecosystem in the DeFi market.
MAIN CONTENT
MDEX is a dual-chain DEX, notable for low fees, high TPS, and a dual mining model.
MDX token plays a governance and utility role, with a transparent supply and allocation roadmap.
MDEX directly competes with projects like Uniswap and Sushiswap thanks to its technological advantages and transaction fees.
What is MDEX?
MDEX is an automated market-making decentralized exchange that operates on both Huobi Eco Chain and Ethereum, optimizing speed and saving costs for users. This platform stands out with its dual-chain DEX model along with attractive profit mining opportunities.
MDEX is revolutionizing the DEX experience with a multi-chain model combining low costs and high liquidity.
MDEX CEO – February 2021, TinTucBitcoin
Compared to traditional platforms, MDEX allows users to trade across multiple blockchains while still taking advantage of low fees on HECO and the vast ecosystem of Ethereum. With features like liquidity mining and trade mining, MDEX promotes the flow of funds and enhances the utility value of the MDX token.
This platform applies the technology of Huobi Wallet, creating a bridge between major ecosystems, serving as a crucial link to bring DeFi closer to the public through quality service and competitive fees.
What standout features help MDEX differentiate itself in the market?
MDEX inherits the design of Uniswap but expands its operation on both Huobi Eco Chain and Ethereum, allowing asset swaps across two networks rather than just on a single chain, optimizing efficiency and costs for users.
The highlight of MDEX is that the transaction fee remains at 0.3%, directly competing with Uniswap. However, 66% of the profits from transaction fees are used to buy back HT (the token of Huobi exchange) to distribute Airdrops to users who collateralize MDX (60%) and buy back and burn MDX (40%), contributing to stabilizing and growing the value of MDX.
The buy-back & burn model along with MDEX's innovative Airdrop offers strong incentives for the investing community while maintaining long-term token value.
Blockchain expert, Consensys report 2023
Leveraging the transaction processing speed and low fees on Huobi Eco Chain, MDEX minimizes most transaction costs compared to competitors on Ethereum. The transaction confirmation time on HECO is only about 3s, with TPS reaching up to 500, while the average gas fee per transaction is around 0.001 USD, optimizing the budget for both traders and small investors.
Implementing a dual-chain model highlights the ability to interact across blockchains (Cross-Chain Interoperability), allowing MDEX to easily connect large liquidity sources while expanding service coverage as DeFi continues to grow.
What impressive metrics does MDEX possess?
As of now, MDEX has achieved the highest 24h trading volume exceeding 2.32 billion USD, with a total cumulative trading volume of over 38.6 billion USD, and a TVL (Total Value Locked on the platform) exceeding 1.4 billion USD.
The record TVL of over 1.4 billion USD just months after launch is clear evidence of the community's funds flowing into MDEX compared to other DEX projects.
The Block Research report, March 2021
The average transaction fee approaches zero due to the large amount of MDX rewards flowing in from transaction mining being greater than actual transaction fees. This demonstrates the attractiveness of ROI for investors in the platform compared to names like Uniswap and Sushiswap, where transaction fees are one of the major barriers.
These figures reflect rapid growth, reliability, and strong community engagement with MDEX's superior design mechanisms regarding fees, mining, and Airdrops.
What is MDX Token? What are its outstanding features and roles?
MDX is the native token of the MDEX ecosystem, running on the ERC-20 standard on Ethereum, serving as both a governance and utility token. MDX applies governance rights, participates in staking to receive Airdrops, liquidity, as well as mining activities on the platform.
Statistics as of February 2021 show that the total supply of MDX is 1 billion tokens, with circulating supply reaching 124,962,458 / 224,962,458 MDX. The scarcity of MDX gradually increases due to regular burning mechanisms through buy-back & burn activities from transaction fees.
In addition, the fact that MDX serves multiple functions – from staking, farming, to governance in DAO decisions – creates lasting value and attracts the community to lock tokens into liquidity pools.
How is MDX allocated?
The MDX allocation model is transparent as follows: 80% for mining (liquidity mining, transaction mining) on HECO, 10% for the development team, 7% for investors, and 3% for marketing costs – brand building.
Prioritizing 80% of the token fund for the community through mining shows MDEX's sustainable decentralized orientation.
Messari Research report, February 2021
MDEX's outstanding point lies in its token allocation ratio directed towards the community, one of the largest in the market. This helps mitigate the risk of token concentration in the hands of developers or large investors, while also motivating regular investors to hold tokens for the long term.
Transparent and clear governance regarding allocation helps build trust, aligning with the development trend of modern decentralized autonomous organizations.
What is the issuance schedule and MDX token lock plan?
The MDX issuance roadmap is clear: 10% for the development team unlocks from the second month over 24 months; 7% for investors and 3% for marketing unlock after 12 months; the remaining 80% is used for liquidity mining and trading on Heco Chain.
With a total supply of 1 billion tokens, the initial circulating MDX was 17,284,227 (January 2021) and gradually increased through unlocking phases from mining pools and each stakeholder group. This allocation and unlocking principle ensures fairness, minimizing the risk of sudden dumping from the development team or initial investment funds.
The long-term token lock plan helps stabilize MDX prices, avoiding unusual fluctuations that could undermine the confidence of long-term investors and the community using the platform.
How to earn and own MDX Token?
Investors can own MDX by participating in Airdrops when using MDX as collateral on the platform or by directly purchasing on exchanges that support MDX.
Large Airdrop campaigns when staking tokens are a unique feature attracting a large number of new users to MDEX.
TinTucBitcoin analysis, April 2022 issue
The transaction mining model also provides real rewards exceeding gas fees, creating clear benefits for active traders. This reinforces investment motivation, contributing to maintaining cash flow and stable high TVL in the MDEX ecosystem.
In addition, the flexible liquidity mining feature means that whether you are a small retail investor or a large organization, everyone has the opportunity to increase profits proportionate to their contribution to the common liquidity pool.
Which wallet is the optimal storage for MDX tokens?
MDX complies with the ERC-20 standard, so it can be stored on most Ethereum wallets like Coin98 Wallet, Trust Wallet, imToken, Myetherwallet. These are all well-known products, providing good security and a variety of features to support global cryptocurrency users.
Storing MDX on an ERC-20 standard wallet allows users to easily trade, convert, or integrate with other DeFi services without risking asset depreciation due to software errors or poor security. Additionally, wallets like Coin98 Wallet support easy network switching and secure token locking thanks to multi-signature technology and strict Private Key security management.
In the context of increasing hot wallet hack incidents in 2022-2023 (Chainalysis, 2023), choosing standard, reputable wallets and self-securing Private Keys is a critical criterion for every MDX holder.
Which exchanges are supporting MDX token?
Users can easily buy and sell MDX on exchanges like Huobi, MDEX (DEX), Gate.io, Binance DEX, or any exchange that integrates the MDX/ERC-20 trading pair. Major exchanges provide abundant liquidity, ensuring stable trading, fast order matching, and limited price drops.
In the trend of Multi-chain 2023, decentralized and centralized exchanges are continuously adding MDX to their product portfolios due to rapidly increasing trading and ownership demand, especially in the Asian market – where DeFi growth rates are among the highest in the world (Gemini Crypto Report, 2023).
Trading MDX on DEXs also offers an active experience, no KYC required, and is completely transparent on the Blockchain, aligning with the philosophy of financial freedom in the new era.
Which competitor projects is MDEX competing with?
MDEX is seen as a direct competitor of Uniswap and Sushiswap – the two leading DEX platforms on the Ethereum network. However, MDEX has an advantage due to lower transaction fees and superior TPS due to its dual-chain operation on HECO.
The multi-chain strategy and low fees are weapons that allow MDEX not only to compete in TVL but also to attract users accustomed to using Uniswap.
CEO of Coin98, analysis article March 2021
Although Uniswap maintains its leading position in TVL and user numbers, MDEX has created a 'fee-saving DEX' trend in the emerging market in Asia, surpassing many other DEXs in the West. Notably, the transaction mining reward system helps MDEX's volume and liquidity pool frequently rank in the top 3 globally within a short implementation time.
This competition forces major exchanges like Sushiswap and Uniswap to update additional layer 2, reduce gas fees, and increase cross-chain support, demonstrating the innovation pressure that MDEX creates in the decentralized trading space.
Comparison table MDEX – Uniswap – Sushiswap
Criteria MDEX Uniswap Sushiswap Operating chains HECO, Ethereum Ethereum, Polygon, Optimism… (Layer 2) Ethereum, Polygon, BSC, Fantom… Transaction fee 0.3% (super low gas fee on HECO, transaction mining offsets fees) 0.3% (high Ethereum gas fee) 0.3% (high Ethereum gas fee, or lower on side chains) Transaction confirmation 3 seconds (HECO) 15 – 60 seconds 15 – 60 seconds Mining/experience mining Liquidity mining, transaction mining, Airdrop, buy-back & burn Liquidity mining Liquidity mining, Sushi rewards Highest TVL (2021) 1.4 billion USD 61 billion USD 4.8 billion USD
The potential and challenges of MDEX in the future
MDEX possesses great potential thanks to its dual-chain DEX model, the ability to scale TPS, build an open ecosystem, and low transaction fees – aligning with the global investor trend of 'zero fee' trading.
However, MDEX faces fierce competition challenges from major DEX projects, policy changes from foundational blockchains, as well as increasingly complex security risks as TVL assets rise sharply. To maintain growth momentum, MDEX must continuously innovate, develop products, improve risk control, and expand the international user community.
In the DeFi era, advantages in transaction fees and confirmation speed are key factors determining a DEX's position in the market.
Vitalik Buterin, founder of Ethereum, quoted from AMA Reddit 2022
Acting as a liquidity bridge and applying cross-chain technology helps MDEX maintain an edge in scalability, leveraging a multi-dimensional ecosystem, and creating innovation momentum in the global cryptocurrency market.
Frequently asked questions
What is MDEX and what advantages does it have over other DEXs?
MDEX is a multi-chain decentralized exchange (HECO and Ethereum) with low fees, fast processing speeds, numerous Airdrop campaigns, and profit mining, competitively surpassing Uniswap and Sushiswap (TinTucBitcoin).
How can I easily own MDX?
You can receive MDX through Airdrops when staking or by directly purchasing on exchanges like Huobi, MDEX, Gate.io. These exchanges provide ample liquidity and fast transaction speeds.
What is the standard of MDX Token and how to store it safely?
MDX is an ERC-20 token, which can be securely stored on wallets like Coin98 Wallet, Trust Wallet, imToken. Always secure the Private Key to avoid asset loss.
What advantages does short-term transaction fees on MDEX have?
Since it uses HECO, gas fees are only about 0.001 USD per transaction, almost free compared to Ethereum. Notably, transaction mining helps rewards exceed the fees paid.
How is the MDX supply allocated? Is there a risk of dumping?
MDX allocates 80% for community mining, the remaining portion is divided among the team, investors, and marketing – unlocking according to a long-term roadmap, minimizing the risk of centralized dumping.
Which platform is a direct competitor of MDEX?
Currently, MDEX is directly competing with Uniswap and Sushiswap due to its advantages in low transaction fees, high TPS, and transparent Airdrop and buy-back & burn mechanisms.
How to check the MDX token contract?
You can find the MDX contract directly on Etherscan or the official MDEX page when the contract is updated, ensuring safety when trading.
Source: https://tintucbitcoin.com/mdex-mdx-la-gi/
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