Mdex is a stock exchange established in China. It comes across as a decentralized exchange that works with the Automated Market Generation algorithm. A token of the Mdex token ecosystem, MDX is used for financial activities on the network and is assigned on the platform. Detailed information about what is Mdex coin (MDX), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Syntropy coin (NOIA).
What is Mdex coin (MDX) and how does it work?
Mdex is a stock exchange established in China. It comes across as a decentralized exchange that works with the Automated Market Generation algorithm. The exchange uses the Huobi ecological chain and the Ethereum-based DEX model. This exchange takes advantage of the efficiency and diversity offered by the Huobi and Ethereum ecosystem. In addition, it benefits from EcoChain’s low transaction fees.
The platform allows simultaneous mining of two coins thanks to its dual mining capabilities. In this respect, the use of Mdex combines Huobi Eco Chain, DEX, Ethereum IMO/ICO and DAO components to create a new platform. In this way, it is aimed to establish a safer ecosystem and increase profits with this platform.
A token of the Mdex token ecosystem, MDX is used for financial activities on the network and is assigned on the platform. In addition, Mdex coin is also used in community transactions such as voting. The total supply of MDX is shown to be 1 billion. However, 1% of this supply is reserved for Mdex developers.
How to buy Mdex coin? How much is the MDX coin price?
Mdex coin can be purchased on “trusted” cryptocurrency exchanges where it is listed; like Binance. As of November 8, 2021, the price of 1 MDX coin is around $1. (Price may change instantly)
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
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