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Investing in Mdex (MDX) – Everything You Need to Know

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Mdex (MDX) is a high-performance AMM (automated market maker) and DeFi ecosystem. The platform combines a custom-built exchange, an advanced cryptocurrency, a mixed mining mechanism, and fund pools. Together, these features enable users to secure ROIs and exchange their crypto securely. The goal fo the protocol is to drive support and innovation for eco-friendly blockchain projects.

Notably, Mdex was the first successful DEX to launch on the Huobi Eco-chain (HECO). It has recently expanded to include the Binance Smart Chain and Ethereum networks. The protocol was an instant hit with the DEX securing +1 billion in trades within the first month of launch. Notably, Mdex has the highest 24-hour trading volume historically held by a DEX at +$4.64 billion.

Mdex (MDX) Exchange Statistics

Mdex (MDX) Exchange Statistics

What Problems Does Mdex (MDX) Attempt to Fix?

There are some serious issues plaguing the market that Mdex’s development team seeks to eliminate. For one, the platform tackles the high fees found on many DEXs today. The platform accomplishes this task in a unique way. The system introduces a trade mining feature that offsets fees through liquidity mining protocols.

Additionally, large investors and whales pay zero fees as the trade mining rewards completely offset the cost of transactions. To qualify for these discounts you need to hold at least $100 million in MDX. Large investment firms continue to migrate to Mdex to secure these savings and improve their crypto strategy.

Cross-Chain Compatibility

Interoperability continues to be hot button issue in the market. Developers have taken notice of the fact that a certain level of cross-chain compatibility is required to drive innovation in the market. Mdex provides a nice mix of top-performing DeFi networks including Ethereum, HECO, and BSC.

Lack of Responsiveness

Early DEX users suffered from a lack of responsiveness. The network congestion of the Ethereum blockchain resulted in delays and slippage. Mdex provides a more responsive and scalable alternative than Uniswap. This scalability is the result of the high performance of the HECO blockchain network. Notably, the DEX averages 3 second confirmation times.

Mdex (MDX) Fund Pools

Mdex (MDX) Fund Pools

Slippage

Slippage is another concern that Mdex seeks to remove from the DEX equation. Slippage is the difference in the price of an asset from the time you trade for it and the time the trade executes. Mdex leverages a powerful AMM protocol to accomplish this goal. AMMs differ from regular exchanges in that user’s trade with smart contracts rather than using an orderbook.

Benefits of Mdex (MDX)

Mdex provides a lot of benefits to the market. The developers wanted to ensure that all security concerns were the main priority. To that extent, the developers had the platform audited by a variety of reputable blockchain security audit firms including Certik, Slow Mist, and Fairyproof. The results of these audits are available to the public.

Passive Income

There are a variety of ways for Mdex users to secure passive income streams. The platform introduces a mixed mining mechanism that provides high yields for transaction and liquidity miners. Users can secure rewards when they provide liquidity to fund pools or stake MDX tokens. This system works like Uniswap in that users receive LP tokens for their participation and rewards based on the fund pool’s performance.

How Does Mdex (MDX) Work

Mdex is the premier DEX built on the HECO blockchain. This technical structure provides flexibility and scalability to users. Notably, Mdex allows you to migrate funds from one pool to another. This feature is far more affordable than swapping pools on Uniswap.

Trading Mining Option

Trading mining is one of the coolest features that Mdex brings to the market. Trade mining is a feature that rewards users for their trading activity. This option helps to offset network fees and drive liquidity in the market.

Mdex (MDX) - Twitter

Mdex (MDX) – Twitter

DEX

The core feature of Mdex is its decentralized exchange. This DEX operates in a non-custodial manner which enables users to keep their cryptocurrency safer when compared to centralized exchange options. Non-custodial exchanges remove one of the main draws for hackers in that there are no large community wallets to attack.

IMO

Mdex users can launch new tokens using the Initial Market Offering (IMO) feature. IMOs provide startups with instant liquidity and market exposure. This crowdfunding method is more efficient than ICOs and costs new firms less to utilize.

Mdex (MDX) – LP pools

One of the core protocols of the Mdex system is its Liquidity Pools. LP pools work as large community smart contracts. Users receive LP-tokens based on the amount of MDEX they lock. LP pools provide investors with multiple ways to earn ROIs. For one, you earn appreciation from the rise in the LP token’s value. You also secure rewards for your participation in the pools.

MDEX Ecological Fund

Mdex keeps in line with its higher goal to facilitate eco-friendly projects in the market. The MDEX ecological fund is now at $15 million. This fund will go towards projects that drive innovative ecological protection using blockchain technology.

DAO

The Mdex exchange operates as a community-led decentralized protocol. The network introduces an advanced Decentralized Autonomous Organization (DAO) to ensure the network remains firmly under user guidance. Users can vote on vital upgrades. MDX users may decide on new projects, fees, and buyback and burn options.

MDX - CoinMarketCap

MDX – CoinMarketCap

MDX

MDX is the main utility token of the network. MDX lives on the Huobi Eco Chain as an HRC-20 compliant token. The token serves multiple roles in the market. The coin is crucial to the governance of the network. It can also be traded or used as a cryptocurrency to send value. There is a total supply of 1 billion MDX.

Consensus

The HECO blockchain introduces the HPoS consensus mechanism to the market. This system provides high performance with 3 second block times. Notably, users can mine MDX and receive rewards. The current reward for miners is 80 MDX per block.

History of Mdex (MDX)

Mdex launched officially in January 2017. The network’s founders include Nate Flander and Anant Handa. Both developers continue to hold key positions in the project at this time.

How to Buy Mdex (MDX)

Mdex (MDX) is available on the following exchanges:

BinanceBest for Australia, Canada, Singapore, UK and most of the world. USA residents are prohibited from buying MDX. Use Discount Code: EE59L0QP for 10% cashback off all trading fees. 

Gate.io – This exchange was established in 2013, and is one of the more reputable exchanges to buy MDX. Best for USA residents.

Mdex (MDX) – a Next-Gen DEX Servicing the DeFi Market

Mdex provides the market with a variety of features that make it a smart move for those seeking new crypto investment opportunities. The platform provides high liquidity, low fees, and passive income options. Together, the average users can utilize these services to drive their ROIs to new heights. For these reasons, Mdex appears to have a bright future ahead.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com

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