【AEX AMA with MDEX】Innovative DEX track:
opens the era of multi-chain competition

👨Guest: Sky, MDEX.COM CTO
👩Host: Ada, Head of AEX Brand Team

⌚️AMA Time: 4/22 16:00(UTC+8)

At 16:00 on April 22, MDEX CTO SKY was a guest at the AEX AMA room, and made a personal sharing on the theme of Innovating DEX Track, MDEX Opening the era of Multi-chain Competition. The following is the essence of this AMA:

1. Since the launch of the mainnet in January this year, MDEX has developed and expanded at an alarming rate, and its transaction volume has successively surpassed early DEX such as pancake and uniswap (V2), triggering extensive discussions in the circle.

Could you introduce MDEX to us?

MDEX is committed to building a DeFi platform integrating DEX, IMO, and DAO, providing one-stop liquidity services for more high-quality assets, and providing users with a more secure, reliable, diverse, and cost-effective trading experience.

2. According to the data of CMC on February 25 this year, MDEX once ranked first in the global DEX with an ultra-high market share of 51.54%, and has dominated the DEX list for a long time.

In your opinion, what is the main reason why MDEX can quickly rise to the top of the DEX list? Or what did the team do right in the past three months?

It’s relatively simple to say, but it’s not easy to do it. It looks like we have done it now and we are still optimizing it.

3. In March of this year, the team announced the MDEX plan for the second quarter of 2021 in the “MDEX Innovation Evolution” announcement, including multiple directions such as multi-chain deployment, asset cross-chain, Orderbook and IMO. MDEX has successfully deployed BSC recently.

What is the next plan for the deployment of other public chains and asset cross-chain?

Official contact information:
Telegram Chinese: https://t.me/MixDex
Telegram English: https://t.me/MdexEN
Discord: https://discord.gg/3TYDPktjqC
Twitter: twitter.com/Mdextech

4. Talking about the innovation of MDEX, it is inseparable from the dual-chain dual-digging, Orderbook and IMO.

Can you introduce them in detail? What impact will they have on the MDEX ecosystem?

The ecology of Mdex is not just the ecology of a platform of Mdex, but an ecology that integrates the resources, technology, and traffic of the two major exchanges of Huobi and Binance.

From this perspective, Mdex is a DEX, but it integrates The ecosystem of CEX and DEX is building a new DEX ecosystem. Mdex is working hard to advance and is also expanding the road for the decentralized exchange track.

5. After MDEX went live on BSC, the MDX halving time was advanced 45 days. How did this decision come about?

Can you introduce the economic model of MDEX’s core token MDX?

7% is used as an early investor share to provide more sufficient and beneficial funds and resources for the development of Mdex;

3% is used for market promotion and brand building; all are unlocked in twelve months after going online.

The remaining 49% and 31% are used for liquidity mining and transaction mining on HECO and BSC respectively.

49% HECO liquidity and transaction mining
31% BSC liquidity and transaction mining
10% team reward(Unlocked two years after going online for one month)
7% early investors(Unlocked in twelve months after going online)
3% market operation(Unlocked in twelve months after going online)

The early halving is mainly an adjustment of the operating strategy in response to the voice of all mdx holders. Mdex is a decentralized protocol interaction platform and a value trading hub, so we respect the suggestions of community members, and the early halving is also good news for the overall ecology.

6. We noticed that in the distribution of MDX tokens, liquidity mining and transaction mining account for as much as 80%. With the progress of multi-chain deployment, what changes will this part of the distribution have?

The following is the official contact information:
Telegram Chinese: https://t.me/MixDex
Telegram English: https://t.me/MdexEN
Discord: https://discord.gg/3TYDPktjqC
Twitter: twitter.com/Mdextech

7. It is reported that MDEX is the first decentralized transaction protocol that supports the repurchase and destruction of platform coins by handling fees.

Can you introduce the mechanism of the repurchase and destruction? What impact will this have on the MDEX ecosystem?

Note: When repurchasing from the secondary market, HMDX or MDX with a lower price will be purchased first for destruction.

The destruction mechanism has a certain stabilizing effect on the long-term development of mdex. Over time, the output will be halved and the destruction will increase, and finally mdx will enter a deflationary state. In the blockchain industry, any project must be made into an orderly and reasonable circulation to make the entire ecosystem prosper.

Based on this rule, Mdex combines the concept of DAO governance to formulate Mdex’s fee repurchase and destruction The mechanism of the platform, like some DEX, only mines coins or issues tokens, instead of letting the tokens circulate, participate in governance, participate in destruction, and participate in the community ecology, then the closed loop of the token will be difficult to achieve. Platform fees come from users, and they also motivate users. This is the right way to build the ecology. We design the entire mechanism with a long-term concept.

8. Will multi-chain deployment and multi-chain interoperability become the new development direction of DEX? What do you think will be the core competition between DEX in the future?

The core competition points are as follows: transaction mining subsidy (0 handling fee), low slippage, and depth of mainstream currencies. The overall summary is a good user experience. As answered above, Mdex will continue to make progress and continue to expand the boundaries for the platform and the industry.

🎁 🎁 🎁 🎁 🎁 🎁 🎁 🎁 🎁 🎁 🎁 🎁

MDEX activities on AEX in this April:

2⃣️ Deposit any amount of $MDX, 50 lucky users can get 6 MDX each[Time: 4/21–4/28 17:00]: https://twitter.com/aexplus/status/1384795780309913608

3⃣️ Spot Trading and ASwap, 6,000 MDX airdrop here[Time: 4/20–4/26 17:00]: https://aex.cool/page/news/notice/2021/0420/en_2249.html

AEX Team

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