MDEX - One of the Best DEX's You've Never Heard Of
MDEX is fast becoming one of the most popular decentralized exchanges.
Concise Crypto
June 07, 2022
MDEX (MDX)
What is MDEX?
MDEX is an decentralized exchange that offers a trading platform for DeFi protocols. It is available on the HECO Chain, Ethereum, and Binance Smart Chain. Users can also participate in liquidity mining and make transactions across the different chains.
Why does MDEX have value?
MDEX users can benefit from the cross-chain trades, as well as participate in liquidity mining to maximize profits. It is also faster and cheaper than Ethereum. Plus, there are many token pairs to choose from. MDEX offers a number of different swaps and pools to choose from.
What are the Pros of MDEX?
● The different services provide a wider range of income venues for users.
● It is compatible with Ethereum and Binance.
● Transaction fees are low.
What are the Cons of MDEX?
● The founders and project team are anonymous which can sometimes lead to trust issues.
What are MDX’s tokenomics?
The total supply of MDX is 1 billion. 10% is reserved to the team, technical research, and development; 7% is allocated to early investors; 3% is reserved for marketing and brand building; 49% will be distributed through liquidity mining on HECO; and 31% through liquidity mining on BSC.
Who founded MDEX?
Unknown.
Who are MDEX’s investors?
Unknown.
Concise Crypto Grade:
B :We like that MDEX is a unique DEX on the HECO chain. What we don’t like is that the founding team and most of the Devs are anonymous. For lesser known DEX’s we prefer to have a better understanding of the team and their history in the space. With that being said MDEX does offer some fantastic trading options and offers plenty of incentives to get involved with the platform.
Where can I buy MDX?
Huobi Global, Binance, Gate.io, WazirX, MEXC, PancakeSwap.
What ecosystem does MDEX run on?
HECO, Ethereum, and Binance Smart Chain