MDEX
A decentralized exchange based on Huobi and Ethereum blockchain.
MDEX description
MDEX is a decentralized exchange based on the principles of liquidity pools and market making. The exchange is based on two blockchains - Ethereum and Huobi Heco. MDEX launched in January 2021. Users can swap cryptocurrencies, participate in liquidity pools, get passive income due to staking.
Users need to connect a web3-wallet to work with the exchange. Information from site cryptodefix.com. After that users will receive access to basic functions of the exchange: swap cryptocurrencies, participate in pools of liquidity and do staking. To swap cryptocurrencies, the user must have Huobi tokens to pay fees. In order to add a cryptocurrency to the liquidity pools, two tokens must be deposited in equal shares, after which users will earn a percentage of the commissions.
MDEX has its own MDX token. It is used to secure loans and is a lending tool. The MDX token can be used for staking, paying fees on the exchange with it. Users who have a large amount of MDX can also manage the project ecosystem by voting on it.
MDEX specifics
- Cryptocurrency swap
- Participation in liquidity pools
- Staking
- High security
- Low fees up to 0.30%
- High annual user returns on pools
MDEX features
Exchanges
Decentralized exchanges (DEX)
Have you used the MDEX crypto project? Leave a review to help people make a decision.