chain: News of Mdex (MDX) - July 2024 Price Update - 10.5% Breakout Crypto News and Analysis
Explore the Core.
MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain (HECO), which gives it access to the liquidity of the Ethereum ecosystem.
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Explore the Core.
MDEX is a new decentralized trading protocol that launched in January 2021. MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain (HECO), which gives it access to the liquidity of the Ethereum ecosystem. A trading platform built on top of HECO, MDEX has an estimated cost for token swaps at $0.001 for each trade, with a transaction speed of three seconds. Huobi Ecological Chain-based Mdex claims a unique characteristic of being based on a chain that aims to avoid scalability problems
Spot the Main Event:
The Mdex team recently announced the deployment of MDEX NFT marketplace on Polygon Network and ETHEREUM Network. They also announced the restart of the cross chain bridge functionality on MDEX. Since those announcements, the community users have been very engaging with the $MDEX coin, as they are currently buying in large quantities, hoping to make a good profit in the near future.
OLUWATOSIN GARUBAExplore the Core.
MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain (HECO), which gives it access to the liquidity of the Ethereum ecosystem.
Oluwatosin BamideleTrade hard. Joy is coming
Explore the Core.
MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain (HECO), which gives it access to the liquidity of the Ethereum ecosystem.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.