Dubbed the \u201cDeFi Golden Shovel\u201d in Chinese cryptocurrency circles, MDEX is a brand new DEX (decentralized exchange) which launched only a month ago on January 19 2021.Their spectacular numbers at DeFiBox have certainly been raising eyebrows:Highest daily transaction volume \u2014 USDT 5 Billion (latest update) https:\/\/twitter.com\/Mdextech\/status\/1364448234387632130Total Volume Locked (TVL) \u2014 USDT 2.060 BillionOver USDT 100 Million Transaction Mining fee subsidies for usersOver USDT 40.5 Billion in total transaction volumesOver USDT 15.7 Million in total repurchases of MDX tokens with a real-time deflation rate of 5.96%Over USDT 13 Million in total rewards paid outTotal market value of MDX mining output is USD 628 millionMDX token value has risen from USD 1 to USD 6.5We speak to MDEX.COM CMO Kiko to get the lowdown on these statistics.Q. You have managed to overtake Uniswap as well as Sushiswap in your recent daily transaction volumes and generally maintained daily trading volumes in excess of USD 1.5 billion. How is it possible for such a new DEX to generate such high trading volumes?I do believe our platform is a quality product. MDEX has differentiated itself from the market with our unique \u201cdual mining mechanism\u201d, where we implement both transaction mining and liquidity mining. The user experience was designed to be excellent for both projects and users. Furthermore, our low handling fee of only 0.1 cent per swap means that 1 USDT of HT can support nearly 1,000 swap transactions. This is combined with low slippage, good depth and high APY for transaction and liquidity mining. In transaction mining, the MDX platform tokens mined can subsidize the handling fee and there is room for appreciation, another benefit.An important point is our \u2018chemistry\u2019 with the Huobi Eco-Chain (Heco). Operations between Huobi Exchange and MDEX.COM are configured to be user-friendly and simple.In a nutshell, I would say there\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Dubbed the \u201cDeFi Golden Shovel\u201d in Chinese cryptocurrency circles, MDEX is a brand new DEX (decentralized exchange) which launched only a month ago on January 19 [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3752"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=3752"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=3752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=3752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=3752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}