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. 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. This text iās from platform CryptoDeFix. 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)
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