CoinWind Academy Series: 3 Minutes to Know $MDX
The success of cryptocurrency no doubt has its root in the myriads of decentralized exchanges where these tokens can be traded. As such, exchanges are coming up with new innovative ideas so as to be up-to-date and offer the best trading experience.
One of such areas of being up-to-date especially on the part of the exchanges is looking for a way to use a dual-chain model that runs on different networks which would serve users better experience in the long run. In this regard, the MDEX exchange has been a known force.
WHAT IS MDEX
MDEX is a decentralized exchange launched recently in 2021. The newness has not affected its operation and conduct as it has already surpassed known decentralized exchanges in terms of popularity as it is the number one ranked DEX surpassing both Ethereum and Binance Smart Chain based DEX.
MDEX uniqueness is seen in using a dual-chain model that differentiates it from other DEX. It runs satisfactorily on both Huobi Ecological Chain (HECO) and Ethereum network. Users leverage on this as the former comes with a super-low fee while the latter is preferred for its liquidity pool in the ecosystem.
For MDEX, it had its own native token known as MDX which serves as the gas fee on the platform. It is used to trade and pay fees. It equally has a lot of other use cases which have cemented its place as a top-tier token.
WHY MDEX EXCHANGE
A fast-paced digital world needs things done as fast as possible, and as a trading platform, MDEX transaction speed on the HECO CHAIN can be completed in three seconds.
Transaction fee on the swapping of tokens on the exchange is ridiculously low. This fee which could drop as low as $0.001 per transaction is a plus to the speed at which transactions are carried out on the DEX.
* MARKET VOLUME/POPULARITY
Market volume and popularity are mutually inclusive. The volume in terms of market trading means it is a popular choice for users to trade. In clearer picture, it controls about 40% of the total market share.
WHERE TO BUY MDEX TOKEN
2. GATEIO: https://www.gate.io/trade/MDX_USDT
SOCIAL MEDIA LINKS
1. TWITTER: https://mobile.twitter.com/mdextech
2. WEBSITE: https://mdex.com