From August 30th, VNDC officially adds Mdex Token (MDX) on VNDC Wallet. Soon after MDX is available, users can perform the following features with MDX:
- Off-chain transactions: Send, receive MDX with other users on the same system.
- Exchange: Swap from VNDC to MDX and vice versa.
About Mdex
Mdex is an Automated Market-Maker (AMM) decentralized exchange, launched in January 2021 and designed to provide dual mining, including commercial and liquidity mining support. The development team stated that the goal of Mdex is to become the largest DeFi platform integrating DEX, IMO, and DAO on Heco and Ethereum.
The difference of MDEX compared to other competitors is the dual-chain model on both Ethereum and Hubi Eco Chain (HECO) networks, integrating the advantage of low transaction costs of HECO chain and high liquidity of Ethereum to create a synthetic DEX ecosystem. Mdex has similar characteristics to Uniswap but far exceeds Uniswap in terms of speed but has a lower cost. The estimated cost per transaction on Mdex is 0.001 USD, and the transaction speed is 3 seconds/transaction.
Website: https://mdex.co/#/
What is MDX token?
Mdex token (MDX) is a utility token belonging to the Mdex ecosystem and can be used for the following purposes:
- Used for users to participate in the governance process and vote on future platform activities.
- Used as the fundraising token of HT-IMO, a fundraising protocol based on the MDEX platform.
Specifications:
- Name: Mdex Token
- Symbol: MDX
- Platform: Huobi Eco Chain
- Standard: HRC-20
- Smart Contract Address: 0x25d2e80cb6b86881fd7e07dd263fb79f4abe033c
- Type: Utility, Governance
MDX is now available on some of the largest cryptocurrency exchanges like Binance, CoinTiger, Huobi Global, BiONE,… At the time of writing, MDX is ranked #98 on CoinMarketCap with price live data:
MDX Price 32,614 VNDC Market Cap 931,666,122 USD 24h Trading Volume 39,336,875 USD Circulating Supply 656,395,590 MDX Total Supply 1,000,000,000 MDX
Trading MDX on VNDC Wallet
Currently, users can perform the following functions with MDX on VNDC Wallet:
- Off-chain transactions: Send, receive MDX with other users on the same system.
- Exchange: Swap from VNDC to MDX and vice versa.