MCDEX (MCB) The new way to milk investors.

MISSION

The mission of MCDEX is to make investing easier in Perpetual contracts by creating a fair, secure, and easy-to-use decentralized financial platform based on blockchain technology.

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Our perpetual contract introduces the AMM (Automated Market Maker) to provide on-chain liquidity and generate the funding rate to ensure complete decentralization. The AMM acts as a gateway to trade perpetual contracts for other smart contracts on-chain.

Since the AMM has higher slippage than traditional CeFi exchanges, we have introduced an off-chain high-speed order book for liquidity sensitive users. It is the main entry point for trading our perpetual contract.

Blablabla …

MCDEX was a new project on the DEFI Sphere with nice features on paper (DEX, Liquidity Mining, Perpetual contract, AMM, Governance …)

So, as an investors I jump on the project.

Nevertheless, I learn on the hard way that this token is a hyper-inflationnist coin.

Then I try to join the telegram to understand what’s was happening, why this perpetual crash on the Market.

The reason is that the Team doesn’t care about investors, but only Miners, this not a coin to buy according the Team.

Jean Miao (Team member): also, we always encourage to mine instead of buying.

Some communty member T-Rex try to protest against the Team direction that choose to ruin Investors with Hyper Inflation and provide a proposal to reduce the inflation in order that miners and early investors can benefit to this project: https://forum.mcdex.io/t/proposal-8-locked-new-coins-minted-during-6-months-reduce-inflation-by-3-reduce-max-supply-by-3/180

Nevertheless, the Governance was just an illusion, one other Team Member with million of coins threaten to vote in case this kind of Proposal is done.

Liu jie (Team member): we do not promise not to vote on such proposals

Now I’m down 30% with my heavy bags, lessson learnt from me.

I strongly advice Investors to not put 1 cent on this project. If you want MCD, you can mine it as the Team members encourage people.

This is my first post on Medium, I did it because i think I need that people aware of this kind of project that doesnt’ protect Investors.