Mdex MDXPrice $ 0.00171

Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. It is similar in function to some DEXs on the market, but on this basis, it proposes and implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantages of the low transaction fees of the Huobi Eco Chain and the prosperity of the Ethereum ecosystem and supports the dual mining mechanism of liquidity and transactions.

MDX, as a governance token, is one of the important ecological segments in MDEX's strategic deployment, and the team is continuously expanding its application scenarios and building up a complete value system. This transaction fee for MDX repurchase and burn materializes a closed and self-driven loop for value capture. Currently, MDEX spends thousands of dollars on repurchase and burn every day, which effectively boosts the confidence of community users in MDX.

MDEX supports single token staking. Users can stake MDX in the Boardroom to mine more MDX, and in the specified period, it also allows users staking MDX to mine other platform tokens, such as HT, BNB. The rewards of transaction mining are to subsidize users with transaction needs. Centralized exchange transactions require a 0.2% transaction fee, while transactions on MDEX cost as low as $0.1 cents, which is further compensated by transaction mining income, making transactions on MDEX free.