MDEX is a new decentralized trading protocol that was launched in January 2021. It operates on the concept of fund pools and is an automated market making (AMM) decentralized exchange protocol. What sets it apart from competitors is its dual-chain model, which combines the Ethereum network and the Huobi Ecological Chain (HECO) to access liquidity from the Ethereum ecosystem. Token swaps on MDEX have an estimated cost of $0.001 per trade and a transaction speed of three seconds.

Mdex is unique because it is based on the Huobi Ecological Chain (HECO), which aims to avoid scalability problems. Unlike most DeFi projects that rely on the Ethereum network, Mdex considers scalability factors in its choice of blockchain network. With Ethereum facing issues like expensive gas fees and slow transaction speeds during its transition to Ethereum 2.0, Mdex's dual-chain model provides a solution for faster adoption. It is built on HECO and offers a transaction speed of three seconds.

Check out Uniswap here.

Check out SushiSwap here.

Learn more about DEXs here.

Read about crypto on the CMC blog here.

The Mdex network is secured by Huobi, a cryptocurrency exchange platform based in Seychelles and founded in China. Huobi launched its eco-chain HECO in December 2020, which boasts a maximum transaction-per-second (TPS) rate of 500, a transaction confirmation time of three seconds, and a gas fee of $0.001.

MDEX offers a unique dual mining innovation where users can earn rewards for trading and mining. In some cases, transactions made on MDEX can even result in negative charges, effectively canceling out the costs of transacting on the network.

MDEX follows a "repurchase and burn" model for its tokenomics, which reduces the circulating supply of the MDX token over time and increases its value. This sustainable model is further supported by the "repurchase and reward" mechanism, which incentivizes MDX holders to keep their tokens. MDX holders can also participate in the governance mechanism of MDEX and propose/vote on token listings or collateralization of assets.

MDEX is designed to benefit users and project developers by providing low slippages for trades, good market depth, and high yields for transaction and liquidity miners. It is used by Huobi and HECO-based projects for trading supported assets. Additionally, Ethereum-based DeFi protocols such as AAVE, BAL, LINK, and YFI have started liquidity mining on MDEX.

Mdex (MDX) can be traded on various markets including Huobi Global, Gate.io, and the MDEX exchange.

Learn more about how to buy crypto here.

Mdex is a decentralized trading protocol that launched in January 2021. It operates on the concept of fund pools and uses a dual-chain model based on both the Ethereum network and the Huobi Ecological Chain (HECO). This allows Mdex to access the liquidity of the Ethereum ecosystem. Mdex is built on top of HECO and offers token swaps at a cost of $0.001 per trade with a transaction speed of three seconds.

Mdex is unique because it is based on the Huobi Ecological Chain (HECO), which aims to avoid scalability problems. Unlike many DeFi projects on the Ethereum network, Mdex offers fast transaction speeds and low gas fees. With the Ethereum network facing congestion and scalability issues, Mdex provides an alternative solution for decentralized trading.

The Mdex network is secured by Huobi, a well-established cryptocurrency exchange. Huobi launched its eco-chain HECO in December 2020, which offers a maximum transaction rate of 500 transactions per second (TPS), a transaction confirmation time of three seconds, and a gas fee of $0.001.

Mdex (MDX) can be purchased on various markets including Huobi Global, Gate.io, and the MDEX exchange.

Learn more about how to buy crypto here.