Mdex Decentralized Exchange Review

Mdex is a decentralized exchange that was designed around Bitcoin Smart Chain, HECO, and Ethereum. It has high transaction volumes according to CoinMarketCap. They focus on designing a well-deployed multi-chain platform. It supports a dual-mining mechanism of liquidity mining and transaction mining. Mdex provides liquidity services that are fast, diverse, and profitable. 

Mdex overview

The documentation includes various explanations about what we have to expect from this platform and how safe it truly is. 

• The system unites several chains to give the best possible liquidity opportunities. 
• There’s liquidity mining features available. 
• We can get a high speed, low cost, and more convenient service. 
• Mdex has over $1.361 billion on the DeFi market.
• The platform was launched on January 19, 2021. 
• We can work with all types of tokens. 
• An average execution speed is less than 3 seconds. 
• The transaction fee is as low as $0.1 cents, which is compensated by transaction mining, making the transaction free. The increase in transaction depth reduces slippage as low as 0.1%.
• They have an MDX token. 
• There were 1 billion coins issued. 
• 10% of it belongs to the developers. 
• 7% is a reward for early investors. 
• 3% is reserved for marketing needs.
• The remaining 49% and 31% are used for liquidity mining and transaction mining on HECO and BSC respectively.
• The transaction fee is 0.3% of the transaction volume.
• 0.1% is used to promote the development of ecological projects.
• 0.14% is used to reward the users who pledge MDX in the boardroom.
• 0.06% is used to repurchase and destroy MDX to maintain deflation of the token. 
• We have an MDX token as the government one.
• Mdex was launched on the Huobi eco chain (HECO) on January 6, 2021. 
• Mdex announced the integration of BSC In April 2021.
• The current MDX price is $0.24.
• An average growth is 16.55%.
• The total volume traded us $2.94M.
• The current TVL in MDX is 314,326,871 USDT.

How does Mdex work?

1. The platform provides us with staking possibilities of its native token.
2. We can swap various tokens with low commissions.
3. It’s possible to join DAO to make the decision.

What can you buy on Mdex?

We can purchase their native tokens MDX. This allows us to stake them, provide liquidity in pools, and make decisions within DAO votings.

Is Mdex safe?

We can’t be sure that everything is pretty safe. Anyway, we may work from our wallet without registration.

Mdex fees, compatible wallets, and transactions  

• The transaction fee is 0.3% of the transaction volume.
• We can work with a MetaMask wallet.
• The system executes transactions within 3 seconds.

What are the ways to trade on Mdex?

• Mdex supports single token staking.
• We can get more MDX as rewards.
• We are allowed to mine other platform tokens like BNB.
• It’s possible to provide our liquidity into liquidity pools.
• We can work with MDX tokens on the Binance exchange.
• Mdex works with liquidity aggregation, range orders, and limit orders.
• We can trade various derivatives here like leveraged trading, option trading, and prediction markets.
• We can participate in DAO voting. For this we have to stake some MDX tokens.

Customer support

The developers want us to contact them only via email.

Should you buy a Mdex token?