About Mdex
Mdex (MDX) is a cryptocurrency and operates on the HECO platform. Mdex has a current supply of 1,060,000,000 with 950,246,937.3946 in circulation. The last known price of Mdex is 0.00170114 USD and is up 0.35 over the last 24 hours. It is currently trading on 166 active market(s) with $119,290.88 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
$1.54M
FDV
$1.71M
Circ. Supply
950M MDX
Max Supply
Not enough data
Total Supply
1.1B MDX
Total Value Locked
$1.67M
Diluted Valuation
$558.56K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$84.25K
-5.85%
Volume (7D)
$639.70K
Volume (30D)
$1.84M
All time high
$10.06
Price Change (1Y)
-97.08%
Additional info about Mdex
Recent trends
The latest MDX price is $0.0016. Compared to Mdex's value of $0.00 from 24 hours ago, there's been a -3% decrease, while the current price is -2% down from $0.00 which was recorded one week ago. Mdex's all time high is $10.06, which was reached on February 22, 2021. This is a -100% change from its price today.
The market cap is currently $1.54M, which is a result of multiplying the current price of Mdex($0.00) by the total supply(1,060,000,000 MDX). The fully diluted valuation of Mdex is $1.71M. The diluted valuation of Mdex is $1.71M.
Market details
MDX vs markets
↘ 97.69%
MDX vs BTC
↘ 98.07%
MDX vs ETH
↘ 95.7%
Tags
decentralized-exchange-dex-token
defi
yield-farming
amm
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x9C65AB58d8d978DB963e63f2bfB7121627e3a739 | |
Huobi ECO Chain | 0x25d2e80cb6b86881fd7e07dd263fb79f4abe033c |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0016 | ↘ 2.89% |
1 Day | $0.0017 | ↘ 2.89% |
1 Week | $0.0017 | ↘ 2.20% |
1 Month | $0.0018 | ↘ 9.00% |
1 Year | $0.0559 | ↘ 97.08% |
FAQ
MDEX is a decentralized exchange (DEX) based on an automated market maker (AMM) for multi-chain transactions. In a DEX, crypto traders transact directly with one another in a peer-to-peer marketplace and settle the transaction on the blockchain. The MDEX platform is such a DEX that aims to integrate multiple blockchains and deploys Binance Smart Chain (BSC), Heco chain, and Ethereum. Notably, the platform employs AMM, a set of protocols that allows groups of users to act as market makers by adding liquidity to a pool and collecting fees on transactions executed between traders. MDEX aims to provide users with a secure, diverse, and cost-effective transaction experience through its liquidity services.
MDEX seeks to combine the benefits of the Heco chain’s lower transaction costs and the Ethereum ecosystem’s prosperity. Further, the protocol has a dual mining mechanism that allows for both liquidity mining and transaction mining. That is, users of MDEX earn rewards by providing liquidity and through trade mining and can also earn tokens for every transaction/trade. The platform aims to charge a minimal transaction fee that can be offset through transaction mining, making it a zero-fee platform. This approach attempts to deliver optimum rewards to participants while also attracting adequate liquidity to MDEX. The two constitute a virtuous cycle that seeks to boost MDEX’s growth and development perpetually.
MDEX’s AMM-based exchange works on the concept of fund pools that powers the DeFi. According to the litepaper, the DeFi market has vast potential, and MDEX seeks to maximize its transaction volume by integrating DEX, DAO, and IMO in its ecosystem. The MDEX platform aims to offer facilities categorized into five major sectors:
The platform’s ticker is MDX, a governance token. The token aims to form a crucial component in MDEX’s strategic deployment, which also expects to have a wide application scenario. Holders earn rewards through liquidity mining and trade mining. Platform users vote using MDX tokens to participate in the governance and earn corresponding rewards.
The MDEX platform was launched on January 19, 2021. On the same day, the platform launched liquidity mining and transaction mining. Later, on September 2, 2021, MDEX launched the DAO governance function. Further, the protocol was deployed on the Ethereum network on October 8, 2021.
The MDX token has a maximum total supply of 1 billion. On June 5, 2021, the first MDX halving occurred, reducing the daily token supply from 4.6 million to 2.3 million MDX. The halving mechanism is proposed to maintain token scarcity and price stability.
The MDEX platform states that 49 percent and 31 percent of the total token supply are utilized for transaction mining and liquidity mining purposes on the Heco chain and BSC. Moreover, out of the transaction fee of 0.3 percent of total transaction volume, a portion of 0.14 percent is utilized to reward holders who pledge MDX in the boardroom.
The repurchase and burn function is another significant MDEX implementation. In order to sustain the token’s deflation, the protocol aims to utilize 0.06 percent of the transaction fee to repurchase and destroy MDX. The purpose of repurchasing and burning is to raise the value of a token by decreasing its supply as revenue rises.
Further, MDEX aims to allow single token staking wherein users stake MDX in the boardroom to mine additional MDX. Additionally, it allows users to stake MDX to mine other platform tokens for the given duration.
Furthermore, the platform states that transaction fees aim to constitute a significant portion of MDEX platform revenue in the future. The platform seeks to return all product earnings to MDX holders via incentives, the repurchase and burn mechanism, and other means.
We update our Mdex to USD currency in real-time. Get the live price of Mdex on Coinbase.
The current market cap of Mdex is $1.54M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Mdex is $10.06. This all-time high is highest price paid for Mdex since it was launched.
Over the last 24 hours, the trading volume of Mdex is $84.25K.
Assets that have a similar market cap to Mdex include Frontier, Cashaa, Blendr Network, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Mdex is 950 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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