Mdex is committed to building a DeFi platform integrating DEX, IMO, and DAO on the Huobi ecological chain Heco, providing users with a decentralized platform that is safer and more reliable, with more diversified asset selection and configuration, and a higher expected return on investment. Token exchange service.
Mdex has been operating stably for 138 days. This article will show you the progress of the Mdex project in May.
1. Trading volume
Heco: $50.27 billion
BSC: $44.79 billion
The total daily average transaction volume of the double chain in May: 3.066 billion US dollars
Review the vision of the Mdex project: MDEX will create a new business ecosystem with full-scenario coverage, full-ecological deployment, and full-chain connectivity, continuously expand application scenarios, lower the threshold for use, and provide global users with more convenient, high-performance, low-cost, and undifferentiated financial services Services to achieve fair asset pricing, instant settlement of transactions, and free flow of value.
In terms of DEX trading volume, Mdex has made a big step forward according to its original plan.
Among the decentralized trading platforms, MDEX ranks first on CoinMarketCap and CoinGecko DEX.
2. The number of unique visitors of the whole site
The number of full-stack independent visitors exceeded 7,604,962, which means that in May, a total of 7.6 million friends visited the Mdex platform.
3. Repurchase and destroy the number of Mdx
Since the development of the Mdex project, a total of 47 million Mdx have been repurchased. Based on the average price of Mdx of 2.8$, the repurchase amount has reached: 131.6 million US dollars.
4. Mining related data
In the past May, users obtained Mdx rewards worth a total of 220.6 million US dollars through transaction mining.
The total value of Mdx rewards obtained through liquidity mining is 113.4 million US dollars.
By encouraging users to participate in transaction mining activities and liquidity mining, the total number of Mdx holdings rose to 250,000.
2. Highlights of IMO project development
The full name of IMO is: Initial Mdex Offering, which can be understood as the first platform for some coins, and projects with trading attributes can all be considered for IMO. IMO can play a relatively large role in the publicity and promotion of tokens.
2021.5.15 Mdex officially announced the opening of the IMO section, and opened the IMO of the Coinwind platform currency COW in the first phase. In the first phase of IMO, the total number of participants in COW was 8,874, and the total participation amount was 380 million US dollars. The excess exchange ratio: 25,726 %.
The first phase of the Coinwind platform token COW new lottery activity has allowed Mdx users to enjoy an average of 5 times the new revenue, which is a good start for the IMO event. The Mdex project party selects high-quality projects at the IMO level As our own responsibility, cooperate with more high-quality project parties to jointly build the ecology of Mdex.
3. Development Highlights of Burning Black Hole Project
2021.5.25 Mdex officially launched an innovative repurchase program, also known as the "burning repurchase mechanism".
Four phases have been carried out since the burning repurchase mechanism. In the first phase of the "Burning Black Hole" activity, the number of participating MDX exceeded 464,000. In the end, more than 417,600 Mdx were actually destroyed. This provided a very good example of the accelerated destruction of Mdx. There is a basic increase in the speed of destruction.
4. Operation progress
1. Created by Mdex Ecological Fund
The Mdex Ecological Fund emphasizes mutual benefit and win-win, chooses to cooperate with high-quality project parties, and creates a sustainable and healthy development ecological environment for Mdex project parties. In the past 5 months, Mdex has cooperated with the following project parties and worked together to build the Mdex Ecological Fund.
Binance: Launch Mdx
CMC: Statistical Mdx Trading Indicators
CoinWind: Issuing the first phase of IMO
Westarter: WAR exchange of cross-chain tokens on mdex
Regardless of the progress of the cooperative project party or the effect after the event, the project parties that Mdex chooses to cooperate with have brought positive evaluation and benefits to the Mdex Ecological Fund.
2. Mdex community operation activity
As of June 3, 2021, the number of Mdex official Twitter followers is 190,000. In terms of Twitter followers alone, the increase in May was 600%. I believe that you who read this article may also be Mdex Twitter followers. If you don’t follow Welcome to follow.
Telegram Chinese: https://t.me/MixDex
Telegram English: https://t.me/MdexEN
Twitter：twitter.com/Mdextech
At the time of Mdex halving, Mdex has just released the development plan for the next stage. The project party will further start Mdex as a decentralized project from DEX trading experience, DeFi business depth, innovative derivatives, and DAO.
