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Mdex price, market cap on Coin360 heatmap

Mdex(MDX)

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$0.057192
(-5.1%)
0.00000085 BTC
Market Cap (Rank#537)
$54,346,692
810.082 BTC
Vol 24h
$2,191,608
32.6677 BTC
Circulating Supply
950,246,937.39
Max Supply
?

About Mdex?

The live price of Mdex (MDX) today is 0.057192 USD, and with the current circulating supply of Mdex at 950,246,937.39 MDX, its market capitalization stands at 54,346,692 USD. In the last 24 hours MDX price has moved -0.003987 USD or -0.06% while 2,237,164 USD worth of MDX has been traded on various exchanges. The current valuation of MDX puts it at #537 in cryptocurrency rankings based on market capitalization.

Learn more about the Mdex blockchain network and how it works or follow the price of its native cryptocurrency MDX and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Mdex (MDX) is a leading decentralized exchange (DEX) platform that combines the best features of both yield farming and automated market making (AMM). It aims to provide a secure, efficient, and low-cost trading experience for users. MDEX is built on two blockchains - Ethereum and HECO (Huobi Eco Chain), offering a dual-chain trading system for optimal performance and flexibility.

Technology & Mechanism

Consensus Mechanism

Mdex operates on the Proof of Stake (PoS) consensus mechanism, which is energy-efficient and highly scalable, making it ideal for handling the high transaction volumes of a decentralized exchange.

Blockchain Technology

Mdex is built on the Ethereum and HECO blockchains, leveraging their smart contract capabilities to automate trading and liquidity provision. It also uses a unique "Trade Mining" mechanism to incentivize users to trade on the platform.

Key Features

Scalability

Mdex's dual-chain structure and PoS consensus mechanism ensure high scalability, allowing it to handle large transaction volumes with ease.

Security

Mdex prioritizes user security, with smart contracts audited by reputable third-party firms. It also has a robust risk control system in place to protect users' assets.

Privacy

As a decentralized platform, Mdex respects user privacy. All transactions are transparent and verifiable on the blockchain, but user identities remain anonymous.

Decentralization

Mdex is fully decentralized, with no central authority controlling transactions. This ensures fairness and openness in all trading activities.

Development Team & Governance

The MDEX team comprises experienced blockchain developers and finance professionals. The platform also has a governance model that allows MDX token holders to vote on key decisions, ensuring community involvement in its development.

Use Cases & Potential Impact

Mdex has a wide range of use cases, from trading and yield farming to liquidity provision. Its innovative dual-chain structure could potentially disrupt the DEX market by offering users more flexibility and efficiency.

Purchase & Storage

How to Buy

MDX tokens can be purchased on several exchanges, including Huobi Global, Binance, and OKEx. Users can also earn MDX by trading or providing liquidity on the Mdex platform.

Wallets & Storage

MDX tokens can be stored in any wallet that supports ERC-20 or HRC-20 tokens, such as MetaMask or Trust Wallet.

Partnerships & Collaborations

Mdex has partnered with several blockchain projects and platforms, including Chainlink, to enhance its platform's capabilities and reach.

Roadmap

Mdex's future plans include expanding its ecosystem, launching more innovative DeFi products, and continuously optimizing its platform to provide a better user experience.

Risks & Challenges

Like all DeFi projects, Mdex faces potential risks and challenges, such as smart contract vulnerabilities and regulatory uncertainties. However, it has robust measures in place to mitigate these risks.

Community & Regulatory Compliance

Community

Mdex has a vibrant and active community of users and developers who contribute to its growth and development.

Regulatory Compliance

Mdex complies with all relevant regulations and strives to maintain transparency in its operations.

In conclusion, MDEX is a promising DeFi project that combines the best features of DEXs and yield farming. Its innovative dual-chain structure, robust security measures, and active community make it a platform worth watching in the DeFi space.

Mdex Price0.057192 USD
Market Rank#537
Market Cap54,346,692 USD
24h Volume2,191,608 USD
Circulating Supply950,246,937.39 MDX
Max SupplyNo data
Yesterday's Market Cap55,572,600 USD
Yesterday's Open / Close0.062469 USD / 0.058482 USD
Yesterday's High / Low0.062759 USD / 0.058482 USD
Yesterday's Change
-0.06% ( 0.003987 USD )
Yesterday's Volume2,237,164.25 USD
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