MDX Soars 30% amid Binance Delisting Announcement, What’s Next?
The exchange recently stated that after a thorough review, it has decided to delist MDX, ceasing MDX/USDT spot trading pair on July 22.
1H
-0.19%$0.0000
24H
5.76%$0.0007
7D
62.1%$0.0049
30D
-75.0%$0.0384
The exchange recently stated that after a thorough review, it has decided to delist MDX, ceasing MDX/USDT spot trading pair on July 22.
The delisting of these four tokens comes a week after the company announced that it added 11 different cryptocurrencies, including Balancer (BAL) and Cortex (CTXC), to its watchlist for potential removal.
According to Binance, the key factors behind its delisting decision are its commitment to risk reduction and market stability.
After the 2nd anniversary of MDEX’s vigorous development, it finally has a new journey in multi-chain deployment.
Mdex (MDX) is the decentralized exchange (DEX) platform based on Heco, the Huobi exchange blockchain. It is strategically positioned as the optimal choice for eco-token transactions and the largest DeFi ecosystem with trio features, DEX, IMO, and DAO integration. It also allows a dual mining mechanism of liquidity and transactions for users. Besides, Mdex ensures a secured transaction and guaranteed liquidity process. It aims to create cross-chain compatibility between leading chains to create a composite DEX ecosystem.
The MDX token can be mined and traded. It has a total supply of 1 billion. A block appears every 3 seconds based on the HECO chain with block rewards of 80 MDX per block. The halving happens after every six months.
Mdex users benefit from the following:
Governance tokens are a new type of blockchain element quickly gaining popularity. These tokens allow for a more democratic approach to governance on blockchain networks, and they have the potential to revolutionize how these networks operate. In this guide, we will discuss what governance tokens are and how they work.
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