MDX Token on BNB Chain

Introducing MDX Token (MDX): A New Arrival on the BNB Chain

Welcome to the detailed profile of MDX Token (MDX), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, MDX Token (MDX) was launched with the intent to join the thriving BNB Chain ecosystem.

This token operates on the BNB Chain, an infrastructure that supports the creation and execution of decentralized applications (dApps) and allows users to transact in digital currencies seamlessly and securely.

At NewCoinHub, we provide up-to-date and comprehensive data about MDX Token (MDX) including its current price, trading volume, liquidity status, and the number of holders. We also supply the official smart contract address, crucial for those interested in further exploration or investment.

Please note that the world of cryptocurrency can be volatile and unpredictable. We encourage all visitors to perform their own due diligence and research when considering investments. For the most accurate and recent data, continue to refer to this page, as we strive to update our information in real-time.

Read on to learn more about MDX Token (MDX) and find answers to some frequently asked questions.

Token description

## What Is Mdex (MDX)? [MDEX](https://coinmarketcap.com/exchanges/mdex) is a new decentralized trading protocol that launched in January 2021. MDEX is an automated market making ([AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-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)](https://www.hecochain.com/en-us/), which gives it access to the liquidity of the Ethereum ecosystem. A trading platform built [on top of](https://medium.com/coinmonks/company-watch-mdex-on-huobi-eco-chain-12b9efa421af) HECO, MDEX has an estimated cost for token swaps at $0.001 for each trade, with a transaction speed of three seconds. #### What Makes Mdex Unique? The vast majority of DeFi projects live on the Ethereum network as [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) assets, but it is facing problems with expensive [gas](https://coinmarketcap.com/alexandria/glossary/gas) fees and slow transaction speeds during its transition to Ethereum 2.0. Most newly-developed protocols heavily consider scalability factors in their choice of blockchain networks if they want a fast adoption rate. Uniswap at least had an early-mover advantage, since it launched before the Ethereum network became heavily congested — and some say that Uniswap itself is one of the main reasons for the network’s congestion, However, Uniswap’s market majority could change really fast if second-layer solutions are not rolled out in time and deliver their expected results. For this reason, the Huobi Ecological Chain-based Mdex claims a unique characteristic of being based on a chain that aims to avoid scalability problems. #### Related Pages: Check out [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/) here. Check out [SushiSwap](https://blog.coinmarketcap.com/2020/09/16/bullish-activity-for-bitcoin-under-the-hood-of-the-sushiswap-saga-a-data-perspective-by-intotheblock/) here. Learn more about [DEXs](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) here. Read about crypto on the CMC [blog](https://coinmarketcap.com/alexandria/categories/blog). ### How Is the Mdex Network Secured? [Huobi](https://coinmarketcap.com/exchanges/huobi-global/), the Seychelles-based crypto exchange founded in China and listed in Hong Kong, is a cryptocurrency trading platform. Huobi officially launched its eco-chain HECO in December 2020: the new platform claims to have a maximum 500 [transactions-per-second](https://en.wikipedia.org/wiki/Transactions_per_second) (TPS) rate, transaction confirmation time of three seconds and a gas fee of $0.001. #### MDEX’s Dual Mining Innovation There are instances where transactions made on MDEX can cost almost nothing, sometimes resulting in even negative charges, since users are given rewards for trading and mining, effectively canceling out the costs of transacting on the [network](https://coinmarketcap.com/alexandria/glossary/network). #### MDEX’s Deflationary Tokenomics Keeps MDX Sustainable MDEX’s [tokenomics](https://coinmarketcap.com/alexandria/article/what-is-tokenomics) follows a [“repurchase and burn”](https://mdex.medium.com/mdex-economic-whitepaper-1bdc882e20c9) model, which decreases the [circulating supply](https://coinmarketcap.com/alexandria/glossary/circulating-supply) of the MDX token over time, driving up its value. This model keeps the value of MDX sustainable over the long run. Its tokenomics are also further supported by the “repurchase and reward” model, which further incentivizes MDX holders to keep their tokens. On top of yield rewards, MDX tokens can also be used to participate in the governance mechanism of one of the fastest-growing DEXs in the market. Holders can propose and vote on the listing of a token on the MDEX market or collateralization of any other asset. #### MDEX’s Protocol Compatibility Brings Project Partnerships MDEX is designed for users and project developers as it implements an [automated market maker (AMM)](https://medium.com/mdex-official/challenge-uniswaps-dex-leadership-a-comparison-of-mdex-and-uniswap-c1d55fa4ad25) that facilitates low [slippages](https://coinmarketcap.com/alexandria/glossary/slippage) for trades, good market depth and high yields for transaction and liquidity miners. [Huobi](https://coinmarketcap.com/exchanges/huobi-global/) and HECO-based projects also use the deployment of MDEX as it facilitates the trade of these networks’ supported assets. [Ethereum-based DeFi](https://onlineprnews.com/news/50005248-1614324539-mdex-dual-mining-achieves-zero-transaction-fees-overtakes-uniswaps-daily-trading-volume.html/) protocols such as [AAVE](https://coinmarketcap.com/currencies/aave/), [BAL](https://coinmarketcap.com/currencies/balancer/), [LINK](https://coinmarketcap.com/currencies/chainlink/) and [YFI](https://coinmarketcap.com/currencies/yearn-finance/) have also begun liquidity mining on MDEX. ### Where Can You Buy Mdex (MDX)? Mdex is trading on markets including Huobi Global, Gate.io and the MDEX exchange, among others. Learn more about [how to buy crypto here](https://coinmarketcap.com/how-to-buy-bitcoin/).