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MDX Token (MDX)

MDX Price
$1.0633
-6.36%
Market Cap
$619.76M
-6.04%
Volume
$42.23M
0.02%
Transp. Vol.
38%21.39%
Grade
B gradeB grade
Rank
#107
Contract
HT0x25d2e...abe033c
HT
Please verify address w/ multiple resources & DYOR

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MDX Token Daily Performance

Today's MDX Token price is $1.0633, which is down 6% over the last 24 hours. MDX Token's market cap is $619.76M. 24 hour MDX volume is $42.23M. It has a market cap rank of 107 with a circulating supply of 582,865,624. MDX Token is traded on exchanges. MDX Token had an all-time high of $9.5701 5 months ago. Over the last day, MDX Token has had 38% transparent volume and has been trading on 46 active markets with its highest volume trading pairs being .

MDX Data Highlights
MDX Token Price (24hr)$1.0633 (-6.36%)
Market Cap$619.76M (-6.04%)
Trading Volume (24hr)$42.23M (0.02%)
Transparent Vol. (24hr)
$15.98M38% (21.39%)
Transparency GradeB gradeB grade(Good)
Circulating Supply582,865,624
7D Price Prediction
N/A
1st 1D CandleJan '21
1st TradeJan '21
1st OrderbookJan '21
Exchanges25
Trading Pairs46
Updated1 minute

MDX Token Statistics

Price

$1.0633
Price Change
-$0.072211 (-6.36%)

All-Time High

$9.5701
Date of ATH2/22/2021
Days Since ATH158
% of ATH11.11%
Price vs ATH

Market Cap

$619.76M
Mkt Cap Change
-$39.81M-$39,808,292 (-6.04%)
Mkt Cap Rank107
Mkt Dominance<1%
Mkt Dominance

Volume

$42.23M$42,233,264
Vol. Change
$9,076$9,076.07 (0.02%)
Exchange VolumeUnknown

Transparent Volume

38%
Transparent Volume (Δ)
21.39%
Transparent Volume
A - 38%
C - 57%
D - 5%

About MDX Token

MDX Token (MDX) is a token implemented as an ERC20 smart contract. It was created by the MDEX company headquartered in Singapore. MDX powers a decentralized transaction protocol MDEX deployed on Heco (Huobi Eco Chain), BSC (Binance Smart Chain), and Ethereum. MDEX stands for Mandala exchange, which was founded in 2017. On January 6, 2021, the Mandala exchange project was introduced on the internet and the MDEX ecological fund, worth $15 million was established.

The exchange aims to be the number one choice for eco-token transactions developing the largest compound DeFi ecosystem that integrates DEX, IMO, and DAO. The MDEX team is passionate about building a platform that combines one-stop liquidity services with a secure, reliable, fast, rewarding, and cost-effective trading experience.

In March 2021, MDEX version 2 was launched providing users with a faster and more secured platform, improved features, and almost zero fees. The company is a DAO (Decentralized Autonomous Organization) system and it accounts for over 50% of the global DEX trading volume. Its transparent rules are controlled by its members.

In April 2021 MDEX was launched on BSC which supports single token mining, liquidity mining, trading mining, and asset cross-chain. The Boardroom (Board of Directors) mechanism was launched to start boardroom rewards, and the MDEX ecological fund, which is worth $15 million MDEX was established. MDEX Bridge was implemented to complete cross-chain transactions between Heco, ETH, and BSC.

To increase the safety of users' assets and transactions the exchange has undergone several security audits by such agencies as CertiK, Slow Mist, and Fairyproof, which have confirmed its complete safety. Moreover, MDEX has launched a Bug Bounty Campaign supported by audit agencies. It aims to encourage security industry professionals to take part in safe MDEX environment creation. Rewards are issued in the form of MDX tokens according to the severity of the errors found and the difficulty of detecting them.

MDEX key features

MDEX has several unique features that distinguish it from other platforms. They are Automated Market Maker, dual mining mechanism, fundraising, and an innovation zone.

Automated Market Maker (AMM). For users and project developers MDEX implements an AMM mechanism to support the process of building and launching applications at high velocity. It facilitates low slippages for trades, good market depth, and high yields for transaction and liquidity miners, which makes it an attractive environment for DeFi projects.

Dual mining mechanism. The MDEX protocol utilizes a dual mining mechanism that includes both liquidity and transaction mining to maximize profits for participants and ensure transactions security.

Trading mining. This feature allows users to get rewards for every trade they make. The rewards help stimulate more trading activity on the DEX, resulting in more liquidity and more trading opportunities.

Liquidity mining. Users can benefit by staking LP after adding liquidity on HECO or BSC. MDEX supports a ‘repurchase and burn’ and ‘repurchase and reward’ model to decrease the circulating supply of the MDX token and drive its value up.

Fundraising. The MDEX platform can be utilized to raise funds through the Initial MDEX Offering (IMO) protocol based on the public swap function. All users can apply for swap shares through their Heco and BSC trust wallets after adding liquidity in the MDX/HT, MDX/WBNB pool. The number of newly issued IMO tokens depends on the users' contribution ratio. When the sale is over the remaining funds are returned to users' wallets.

Innovation Zone. It is a trading area developed for users who want to trade innovative tokens that are considered to be more volatile and risky than others.

MDEX token

MDX is the native utility token of the MDEX exchange. The total token supply is capped at 400 million coins. The MDX coins are allocated in the following way: 10% will be given to the team as a reward for technology development in 24 months after the protocol’s launch, early investors will get 7% in 12 months after the launch, 3% is intended for marketing and brand building, and 80% goes to liquidity and transaction mining.

A block appears every 3 seconds with a maximum speed of 500 TPS. After the first halving in June 2021, the block reward was reduced from 80 MDX per block to 40 MDX. The halving is planned to happen every six months. MDX tokens can be used for various purposes, including trading, yield rewards, boardroom rewards, fundraising, proposing and voting on listings, representing the governance rights of holders, and repurchasing. Users can buy MDX on some of the top exchanges including Huobi Global, Gate.io, the MDEX exchange, and Binance.

Transaction fees

MDEX GAS fee is $0.001 and the transaction fee is 0.3%. The platform allows users to earn the commission back through mining. Fees generated through trading are reserved in the corresponding LP pools. When users create liquidity the transaction fee is added to the smart contract in the form of LP. The 66% of commissions are utilized to repurchase and burn the MDX token and to buy HT from the secondary market to airdrop to MDX. 14% of this fee is used to reward members who mine the token, and 0.1% goes to support ecological projects.

MDEX team and partners

There is no information on the web about the MDEX team. It is only reported that the protocol’s founders are Nate Flanders and Anant Handa. Nate is a business leader with expertise in building strategies, teams, and products, an understanding of financial technology, and the ability to attract investors. He was the CEO and President of Mandala Exchange from December 2017 to September 2020. He was also the CEO and founder of Phone ResQ, an electronics retail company, the president of BitWatch, and the founder of Crypto Coin Trader. Anant Handa is the Chief Security Officer and Cecilia Wong is a PR strategist.

MDEX has organized collaboration with Injective Protocol to give its users the opportunity to accelerate their earning potential through INJ staking and liquidity mining on MDEX.

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MDX Token Markets

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MDX Token Historical Data

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Frequently Asked Questions

  • What’s the current MDX Token price? How much is 1 MDX Token worth?

    The price of 1 MDX Token is $1.0633. Over the last 24 hours, a MDX Token is worth -6.36% less. Go here to convert MDX prices to currencies other than USD.
  • When did MDX Token start?

    The earliest trading data for MDX Token is on January of 2021 (based on current exchange data).
  • How high can the MDX Token price go?

    MDX Token’s price has gone as high as $9.5701 (which is MDX’s all-time high). It achieved this price 5 months ago. Speculations abound for how high MDX Token’s price will get in the future.
  • What's the smart contract address for MDX Token?

    MDX Token's smart contract address is 0x25d2e80cb6b86881fd7e07dd263fb79f4abe033c.

Today's MDX / MDX Token News for July 30, 2021

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