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:
High transaction speed. The Mdex platform design is on the Heco chain, confirming a transaction within a short time of 3 seconds. Besdies, Mdex does not have any delays.
Transaction fees are very low. Transaction worth 1000USDT on Mdex is 0.3%. Mdex platform allows users to mine the amount spent as a transaction fee through mining.
Further, users can switch pools. The MDEX pooling system is flexible. It allows users to migrate from one pool to another.
To drive the financial inclusion and further adoption of the blockchain in finances, the Sovereign Wallet is building a mobile wallet with “banking grade” security and proprietary stablecoin, which is to be equipped with a decentralized exchange – M.DEX.
