In order to improve the user experience, MDEX has been making self-breakthroughs in terms of innovation and functionality. After becoming a leader in the DEX field, MDEX has not given up on continuing to explore the future direction of the entire DEX market.
Since its launch, MDEX has been very popular among users and has long been in the top DEX queue. Whether it is Heco MDEX or BSC MDEX, the trading volume is among the best among DEXs. In April, there was also a grand event where the total trading volume was greater than Uniswap+Pancakeswap+Sushiswap. MDEX relied on its own strength to resist the competition of other top exchanges. Even in June, MDEX (BSC) still traded at $18.2 billion The price of Uniswap accounted for the top of the total trading volume in June, followed by Uniswap V3 and PancakeSwap with US$17.3 billion and US$16.1 billion respectively.
MDEX's outstanding performance has been due to its starting from the product itself. On the one hand, it creates differentiated liquidity mining and transaction mining functional value for users, and on the other hand, it continues to break through the homogeneity with the existing DEX in the market. compete. At present, MDEX is not satisfied with making changes in functions, but chooses to gradually decentralize "rights" and make breakthroughs in mechanisms, so that the community can participate more in the development of MDEX, determine the future of MDEX, and enter the era of community autonomy and win-win!
The development of MDEX follows the essence of the blockchain - the way of DAO, and is carried out according to the opinions of most users in the community to meet the needs of users. And recently, with the efforts of all members of the community, the first bullet of the new MDEX section: the first step of board dividend distribution - board lockup will finally be launched soon.
As the name implies, the lock-up of the board of directors means that every user holding the MDX token can enjoy the rights and dividends of the board of directors, so that MDX holders can enjoy the long-term ecological benefits and governance rights, and it is when the data is open and transparent, and the rules and contracts are executed. Under the circumstances, it profoundly shows the concept of win-win between MDEX and holders.
The board lock function supports different cycle lock strategies for single-pool pledged MDX, that is, users can complete the current and regular 30-day, 90-day, 180-day, and 365-day lock operations in the boardroom single-currency pledge pool with one click. Users can According to different lock-up periods, the corresponding lock-up income weights are obtained. The longer the lock-up period, the higher the weight of the income, and the lock-up rights obtained under the same pledge amount are more generous. Under normal circumstances, the compound interest is annualized. It will be much higher than the annualized rate of simple interest. This is also the enthusiasm to encourage users to lock positions. The income will be withdrawn every day and reinvested manually. As time goes by, the compound interest income will become higher and higher.
It should be noted that during the lock-up period of the board of directors, the user cannot withdraw the principal, but can withdraw the lock-up income at any time, and the principal that reaches the lock-up period according to the rules can be automatically converted to the current income model, that is: the assets that have been unlocked The principal can be withdrawn at any time, and the undrawn is based on the active weight based on the income.
The above are the details of the first wave of board lock-up functions. Through this wave of functionality, we can see the obvious impact on MDEX.
1. Although the user experience of MDEX has been improving since its launch, and its attractiveness to users has also continued to grow, but compared with the current scale of MDEX, the price of MDX, the token of MDEX, has always been criticized. The main reason is "inflation" Too serious, there are too many "white whoring parties", and MDEX has been taking measures, including halving production, repurchase and burning, and burning and burning, and has indeed achieved quite obvious results.
The lock-up of the board of directors can further control the circulation of MDX and reduce the probability of users' random selling or even smashing the market. Whether it is MDX obtained through pledge mining or "white prostitution", they are more inclined to lock the position to obtain more benefits, even It will increase the enthusiasm of users to hold MDX, ensure the value discovery and return of MDX, and protect the rights and interests of holders.
2. The corresponding income of different periods is very reminiscent of real financial institutions, that is, banks, and they are divided into regular and current, which are almost banking institutions in the decentralized world. Bank of China is better, and the term is more flexible than banks. For users, if the two can be satisfied and the security is guaranteed, why not invest more assets in it?
3. The entire lock-up process is transparent. MDX holders can enjoy long-term ecological benefits and governance rights, and this function is passed through the community DAO proposal, which also symbolizes that the community has officially affected the development plan of MDEX, which will make Holders have a higher sense of belonging to MDEX, making MDEX truly start the era of community autonomy and win-win.
According to MDEX.COM official news, the team has unlocked five phases so far. Now the team has unlocked all MDX and locked them for 365 days, and the locked profits will not flow into the market. The subsequent unlocked shares will also be locked for the longest period as soon as possible. The total number of locked positions this time: 22178953MDX, and the publicity of participating locked positions: 0x717b9898848556a16276f3225337255715b0d26a.
Team share details: 100 million MDX in total, unlocked within 24 months (2 months after launch). Team holding details, unlocked: 20833333MDX, holding income: 1345620MDX, total MDX: 22178953MDX.
The launch of the lock-up function of the board of directors is, to some extent, the beginning of a new era for MDEX, and new functions will be launched one after another through the DAO concept of the community. Projects governed by the community are far more consistent than projects with a small team , which is more stable.
The mechanism change of MDEX can also open up a new development direction for the currently bottlenecked DEX market. It is necessary to continuously upgrade the functions to improve the user experience, and to improve the user's sense of belonging in terms of participation. MDEX is currently Already in the leading position in the market, let us look forward to more surprises and greater breakthroughs that MDEX will bring to the market, leading the DEX market to continue to "break the circle".
