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 0.0011178 USD and is up 4.56 over the last 24 hours. It is currently trading on 167 active market(s) with $58,463.25 traded over the last 24 hours.
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Sign me upMarket Stats
Market Cap
$1.05M
FDV
$1.17M
Circ. Supply
950M MDX
Max Supply
Not enough data
Total Supply
1.1B MDX
Total Value Locked
$1.97M
Diluted Valuation
$404.93K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$46.26K
1.65%
Volume (7D)
$280.83K
Volume (30D)
$1.29M
All time high
$10.06
Price Change (1Y)
-93.45%
Additional details
Market details
MDX vs markets
↘ 96.51%
MDX vs BTC
↘ 96.42%
MDX vs ETH
↘ 96.17%
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 | $0.0012 | ↗ 0.80% |
1 Day | $0.0011 | ↗ 0.80% |
1 Week | $0.0012 | ↘ 3.27% |
1 Month | $0.0011 | ↗ 1.26% |
1 Year | $0.0175 | ↘ 93.45% |
Coinbase insights
Recent trends
The latest MDX price is $0.0012. Compared to Mdex's value of $0.00 from 24 hours ago, there's been a 1% increase, while the current price is -3% 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 $1.05M, 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 $1.17M. The diluted valuation of Mdex is $1.17M.
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.