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Mdex

MDX

Mdex

MDX

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₹0

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Price of MDX today

The current live price of MDX today is ₹0, with a 24-hour trading volume of ₹3,80,84,112.30. Our MDX to INR price is updated in real-time. MDX has seen a decrease of -1.91% in the last 24 hours. With a live market cap of ₹1,19,99,86,319.23 , the circulating supply is at 950,246,937 MDX coins, with a maximum supply of 1,060,000,000MDX coins.

Mdex Price History

Date ComparisonAmount Change% Change
Today₹0.00

0%

7 Days₹0.00

0%

30 Days₹0.00

0%

1 Year₹0.00

0%

Mdex Price Information

Price Change (1hr)

0%

Price Change (24hr)

0%

Price Change (7d)

0%

Mdex Market Stats

Market Cap

₹1,19,99,86,319.23

Fully Diluted Market Cap

₹1,33,85,84,159.93

24hr Volume

₹3,80,84,112.30

20.26%

Circulating Supply

950246937.39 MDX

Total Supply

1060000000 MDX

Things to know about Mdex

What is MDEX (MDX)?

  • MDEX is a

  • decentralised exchange (

  • DEX) token based on the AMM model.

  • Part of the MDEX platform for a high-performance DeFi ecosystem.

  • Deployed on Ethereum, Binance Smart Chain, and Huobi Eco Chain.

  • Supports cross-chain transactions, liquidity, and transaction mining.

Tokenomics

  • Total supply: ~1 billion MDX.

  • Distribution: 10% team, 7% early investors, 3% marketing, 80% for liquidity and mining rewards.

  • Incentivises liquidity provision and trading.

Market Data

As of today #{today’s date}, the price of Mdex is ₹0 INR or #{coinPriceUsd} USD, with a 24-hour trading volume of 431303.65 USD. The market capitalization for Mdex is 13589879.04USD. The circulating supply is 950246937.39 Mdex, with the total supply also being 1060000000 Mdex.

Pros and Cons

Pros:

  • Cross-Chain Functionality:

  • MDEX supports cross-chain transactions between Ethereum, BSC, and HECO, enhancing liquidity and user access.

  • Low Transaction Fees:

  • Built on HECO and BSC, MDEX offers lower transaction fees compared to Ethereum-based DEXs.

  • Incentivised Participation:

  • Through liquidity and transaction mining, users are rewarded for participating, potentially increasing the token’s utility and value.

Cons:

  • Market Volatility:

  • MDX is subject to high market volatility like many cryptocurrencies.

  • Competition:

  • Faces stiff competition from other DEXs and DeFi platforms.

  • Complexity for New Users:

  • The platform’s features, including cross-chain transactions and dual mining mechanisms, may be complex for new users.

Why Should You Invest in the Coin?

  • It offers innovative cross-chain functionality.

  • MDEX addresses liquidity and high fee issues.

  • There is an immense potential for platform growth and token value appreciation.

  • Investment decisions should factor in risk tolerance and research.

USP of the Coin

  • It has a dual-chain model and dual mining mechanism.

  • MDEX distinguishes between liquidity and transaction mining rewards.

  • MDEX cross-chain capabilities enhance versatility and user-friendliness.

Problem the Coin is Solving

  • It aims to reduce high transaction fees and improve liquidity.

  • It uses multiple blockchains to enhance the DeFi trading experience.

Founder and Team Background

  • MDEX is co-founded by Nate Flanders (CEO) and Anant Handa.

  • Flanders has a background in business management and crypto projects.

  • The team possesses diverse expertise in blockchain and finance.

ICO Price

  • Not specified.

Risks Associated in Investing in the Coin

  • It includes market volatility, regulatory changes, and competition.

  • Investment should be preceded by careful due diligence.

Whitepaper Insights

The MDEX whitepaper presents the economic model of the MDX token, which is the core trading medium of MDEX, an automatic market-making decentralised exchange (DEX). MDEX operates on a mix-chain model, utilising both the Heco Chain and Ethereum to combine low transaction fees with the rich Ethereum ecosystem. The platform aims to integrate DEX, Initial Mining Offerings (IMO)/Initial Coin Offerings (ICO), and Decentralised Autonomous Organization (DAO) functionalities, providing users with a reliable and profitable decentralised token exchange service.

The MDX token has a total supply of approximately 1 billion, with a block time of every 3 seconds on the HECO chain and block rewards of 80 MDX per block. The token supply is set to halve every six months. The distribution of MDX tokens is as follows: 10% for team rewards, 7% for early investors, 3% for market operations, and the substantial majority of 80% for liquidity and transaction mining on Heco. Team rewards and early investors' shares are subject to unlocking periods of 24 and 12 months, respectively, after launch.

MDEX charges a 0.3% transaction fee, with 66% of the total fee income used to repurchase and burn MDX tokens and to buy HT for airdrops to users who stake MDX. The repurchase and burn, as well as the airdrop activities, are transparent on the chain and begin 15 days after token distribution, conducted daily.

MDX serves multiple roles within the MDEX ecosystem. It is used as a governance token, allowing holders to vote on community decisions such as transaction fee ratios and token repurchase and destruction policies. Additionally, MDX is utilised as a standard fundraising token in the HT-IMO protocol, similar to how ETH is used for ICOs on the Ethereum platform.

In summary, MDEX is a DeFi project that seeks to leverage the benefits of both centralised and decentralised exchange features. It is built on the rapidly developing Huobi ecological chain, with aspirations to expand into other areas of DeFi such as lending, insurance, and asset management. The project encourages community participation and continuous improvement, aiming to create a prosperous DeFi ecosystem for the Huobi ecological chain.

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Price as per 01:58 PM • 12 Oct 2024

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What is the price of Mdex (MDX)?

The current price of Mdex (MDX) in INR is ₹0 INR.

What is the current MDX market cap?

The current market capitalization of Mdex (MDX) is ₹1,19,99,86,319.23 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of MDX by the number of coins in circulation.

What is the current supply of Mdex (MDX)?

The current supply of Mdex (MDX) is 950246937.39 MDX. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Mdex (MDX)?

The 24-hour trading volume of Mdex (MDX) in INR is ₹3,80,84,112.30. This figure represents the total value of all MDX transactions across various exchanges within the last 24 hours.

How to Buy Mdex (MDX) in India?

To buy Mdex (MDX) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in MDX.

Can I buy Mdex (MDX) with UPI?

Yes, you can buy Mdex (MDX) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Mdex (MDX) to Indian Rupee (INR)?

To convert Mdex (MDX) to Indian Rupee (INR), you can use our MDX/INR conversion rates in real time.

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