platform: News of Mdex (MDX) - July 2024 Price Update - 10.5% Breakout Crypto News and Analysis

Spot the Main Event:

MDEX NFT Marketplace has been officially deployed on the Polygon Network as of May 29, 2024. This move will further enhance the performance of the MDEX platform, providing users with a broader, faster, and more cost-effective NFT trading experience.

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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

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Explore the Core.

building a comprehensive DeFi platform that aims to provide users with a one-stop solution for various liquidity services, including DEX, IMO, and DAO

Spot the Main Event:

Team making an announcement on their official deployment of Mdex Nft marketplace on polygon network! According to them, the nft marketplace has been officially deployed on the polygon network, and they believe this will further enhance the performance of the Mdex platform.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.