THELOGICALINDIAN - Singapore 11 February 2024 The new kid on the block MDEX is causing a activity in DEX decentralized barter amnion Launching mining on January 19th in 8 canicule the MDEX absolute clamminess basin LP agreement bulk exceeded USD 1 billion and the 24hour transaction aggregate exceeded USD 14 billion before the markets best accepted DEX duo UniSwap and SushiSwap Currently the TVL Absolute Value Locked on MDEX is USDT 1055 billion
Low Fees on HECO and Access to Ethereum’s Extensive Ecosystem
As an automated market-making (AMM) DEX based on the abstraction of armamentarium pools, MDEX accouterments a mix-chain archetypal on Ethereum and HECO (Huobi Eco-Chain). It finer leverages on the low transaction fees of the HECO alternation and the broad, extensive Ethereum ecosystem.
MDEX Dual Mining Innovation: Liquidity and Transaction Mining
MDEX supports the “dual mining mechanism” of DEX-based AMM clamminess and transaction mining.
At the abject of bifold clamminess mining, transaction mining is agnate to abacus a band of “leverage”. The deposits of all funds not alone increases the AMM clamminess but supports trading activities.
Regardless of DEX or CEX (centralized exchange), the action of the exchanges has consistently been one for liquidity. Both clamminess and transaction mining methods accept accurate to be allegiant methods in allowance exchanges accretion clamminess in a abbreviate aeon of time.
Tokenomics Model
The absolute accumulation of MDX is 1 billion and the allocation is as follows:
MDX is Deflationary with Repurchase and Burn Repurchase and Reward
A acceptable badge bread-and-butter apparatus is capital to sustain clamminess mining. Unlike best DEX tokens, MDEX has alien a “repurchase and burn” and “repurchase and reward” mechanism, in a bid to enhance the banking amount of the MDX token.
After the barrage of MDEX mining, 66% of the assets of the circadian transaction fees will be breach into two parts, 30% of which will be acclimated to buy aback MDX for burning. The actual 70% will be acclimated to buy HT (Huobi token) and a baby allocation of MDX from the accessory bazaar to accolade those who pale MDX.
At the time of this writing, the bulk of MDX repurchased is 2.72 actor and its real-time anticlimax amount is at 5.2%.
Secure and Committed
MDEX is audited by arch blockchain aegis analysis close CodeSafe and is committed to architecture the better DeFi belvedere amalgam DEX, IMO, and DAO on the HECO and Ethereum chains.
For added capacity about MDEX, amuse appointment the Official Website: https://mdex.com/#/
MDEX Official Channels:
Twitter: https://twitter.com/Mdextech
Telegram: https://t.me/MixDex
Medium: https://mdex.medium.com/
Media Contact
Cecilia Wong, yourPRstrategist.com
65-91826605
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