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).
Mdex (MDX)
An AMM Decentralized Exchange on Binance Smart Chain and HECO.
May 24th, 2021