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 0.00180998 USD and is down -0.63 over the last 24 hours. It is currently trading on 166 active market(s) with $974,559.26 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
$1,581,767.41
FDV
Not enough data
Circulating Supply
950,246,937.395 MDX
Max Supply
Not enough data
Total Supply
1,060,000,000 MDX
Total Value Locked
$1,538,710.16
Diluted Valuation
$587,875.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$49,314.99
-0.29%
Volume (7D)
$164,578.70
Volume (30D)
$606,809.83
All time high
$10.06
Overall Price Change (1Y)
-0.97%
Additional info about Mdex
Recent trends
The price of Mdex has decreased by 0.79% in the last hour and decreased by 3.06% in the past 24 hours. Mdex’s price has also fallen by 2.96% in the past week. The current price is $0.0017 per MDX with a 24-hour trading volume of $49.31K. Currently, Mdex is valued at 99.98% below its all time high of $10.06. This all-time high was the highest price paid for Mdex since its launch. The current circulating supply of Mdex is 950,246,937.395 MDX which means that Mdex has as total market cap of $1,581,767.41.
Market details
MDX vs markets
↘ 97.44%
MDX vs BTC
↘ 97.82%
MDX vs ETH
↘ 94.35%
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 | $0.0017 | ↘ 3.06% |
1 Day | $0.0018 | ↘ 3.06% |
1 Week | $0.0018 | ↘ 2.96% |
1 Month | $0.0021 | ↘ 17.56% |
1 Year | $0.0573 | ↘ 97.03% |
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 $1.58M. 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 $49.31K.
Assets that have a similar market cap to Mdex include Etherisc DIP Token, LEGIT, Spheroid Universe, 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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Social stats
Popularity in posts
#1593
Contributors
1
Posts
1
% About Mdex
0.018%
Hold times
0 days
X (Twitter)
100% bullish
Sentiment
70 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
1 unique individuals are talking about Mdex and it is ranked #1,593 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Mdex has an average sentiment score of 70 out of 5. Finally, Mdex is becoming less newsworthy, with 0 news articles published about Mdex.
On Twitter, people are mostly bullish about Mdex. There were 100% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Mdex. 0% of tweets were neutral about Mdex. These sentiments are based on 1 tweets.
On Reddit, Mdex was mentioned in 0 Reddit posts and there were 0 comments about Mdex. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.