MDEX - A composite DeFi ecosystem that integrates DEX, IMO, and DAO
What is DEX?
DEX is a decentralized exchange, it is simply short for decentralized exchange and it is pretty much the same thing as any other cryptocurrency exchange you are trading on like Coinbase, Binance, Gemini. The only difference is, it operates without a central body. A bank uses a central body to operate essentially a third party but Dexes don't have a third party, they operate independently. The great thing about it is it supports peer-to-peer transactions and you can go ahead and trade cryptocurrencies with other people across the world, completely supported on the platform.
Dexes are safer to use because you can control your private keys so that means you go ahead and plug your wallet and go ahead with the transaction, with centralized exchanges you do not have control of your private keys the exchange does so there is a big difference here.
The Dexes are completely anonymous, there is no KYC, you don't have to enter any of your information. When you go to a centralized exchange you have to enter all of your information, all different types of documents to prove your identity, the Dexes don't require that.
What is MDEX?
Mdex is a decentralized exchange that uses a mechanism based on the idea of the fund pool. Mdex is built on a mixed chain model between the Heco chain and the Ethereum chain. Mdex takes advantage of the Heco chain's low transaction fees and the robust growth of the Ethereum ecosystem.
Mdex also inherits the aim model and Uniswaps liquidity mining mechanism. Mdex allows users to participate in the double mining mechanism, both making profits from liquid mining and receiving a portion of the transaction fees.
Advantages of MDEX
Transaction Speed:
Mdex is built on the Huobi eco chain platform. Heco's transactions per second (TPS) can reach 500 and the transaction confirmation time is about 3 seconds.
Fast transaction speed while at the room transaction speed is around 15 transaction swaps on Uniswap, which takes about 20 seconds in normal internet traffic conditions. The time for a swap on Mdex is only about 3 seconds, fast is almost equivalent to swap on Cex.
Transaction Fees:
The gas fee is around 0.001 $ which gives big advantages to Mdex to stand top in the market.
Cheap transaction fee, the cost for a single transaction on Mdex is usually between 0.001 to 0.036 cents, sometimes only around 0.001 USD, this means with only one HT token you can pay for more than 100 transactions. Thanks to PoS mechanism and the large transaction volume of Huobi this will save you a lot in your investment.
Double Mining Mechnism:
In terms of liquidity mining, Mdex has two types of pools for mining. Dual token mining pool brothers put two types of LP tokens to get LP tokens. The current APY is about 100% to 400%
Single token mining pool:
The pool where brothers can join with only one token. This pool aims to improve liquidity for Mdex and minimize impermanent loss. Mdex current APY on single token mining pool is about 3% to 16% , quite low but it is more secure.
In terms of transaction mining, when you participated in a transaction and contribute to the transaction volume, you will be rewarded with MDX. This motivates users to trade as well as provide liquidity on Mdex.
User Incentives:
Mdex uses two ways to stimulate the user, repurchase destroy and repurchase reward. Mdex uses the boardroom mechanism to generate airdrops. The platform will take 66% of the total transaction fees collected for the boardroom airdrop pool and repurchase poo.
Inside 30% is used to redeem and cancel MDX. 70% to buy HT for airdrop liquidity providers. MDX use LP-HT-LP pools and single token so if you join you can get an airdrop bonus every day. The good way to incentives users is that on the one hand, it reduces the amount of MDX circulating in the market to increase scarcity and keep MDX competitive on the secondary stimulates the price of HT in the market.
Defect, trading slippage up to now the total volume lock in on Uniswap has surpassed the 3 billion USD threshold with large orders. While the Mdex figure is about 1 billion USD. It is this volume lock that will greatly affect the price slippage when entering the transaction.
Tokonomics
- The total supply of MDX is about 1 billion, of which 10% is used as a team reward for operation, and development, etc., and it will be unlocked in 24 months after being launched by smart contracts
- 7% is used as early investors’ share to provide more sufficient funds and resources
- 3% is used for market promotion and brand building; Both are unlocked in twelve months after being launched
- The remaining 80% is used for liquidity mining and transaction mining on Heco
Conclusion:
#MDEX #Defi #DEX #HECO
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