We are pleased to announce our next AMA on February 12th, 2021 at 02:00 PM UTC Time: Satoshi Club x Mdex
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Mdex Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Mdex Team will select 10 questions and answer them.
Part 3: 800$ – A quiz about Mdex
For more details:
Mdex – @MdexEN
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Mdex is an automatic market-making decentralized exchange based on the concept of fund pools.How much is the ratio of the distribution each of(liquidity mining / investors/ market promotion) and how much is the percentage of fees charged by me as an investor?
I searched on the mdex project website in order to find White Paper in order to know the safety rate of my project, but I did not find anything that talks about safety, so I will ask you as an investor all that matters about the security of money within your project because we all know that safety is the basis of any successful project.
How do you handle security issues in your project? and is there any advantage for the developer if they get a bug on your platform?
As of now, iam using mdex in heco wallet .Is there any plan for mdex wallet?
How does mdex is going to make a change in exchange?Transaction fees are low iam experiencing when compare to ethereum,good job on it but how you are planning to make this coin popular or do you have any marketing advisors?
Any more different pools with different combinations of liquidity can we see in future?
Does the Stacking program have an expiration date? where do we see the different returns?
Why should I view the Mdex project positively as an investor? What privileges and advantages await me in the future. Are you planning to be listed further on major exchanges like Huobi where it is currently located? Thanks.
I am curious about the goals of the project? Why should people choose you? Thanks
Do you have a project like simplifying mdex site? sounded confused to me.
Are different language supports planned to come to the MDEX site in the future?
There is an advertisement publication you pinned to your twitter thread that you are currently hiring for MDEX M-Angel. Who are you looking for(A developer? Community Manager? Influencers? ) and what are the application procedure ? What contributions are you expecting from these M-Angels? In which area/place are they expected to work or function and how will they be renumerated?
MDEX is described as a double chain model that combine the attributes of HECO Smart Chain and Ethereum and you will be offering dual mining mechanism from liquidity and transaction mining. Since 80% of your total token distribution is allocated to liquidity and transaction mining on HECO and none to Ethereum, does it mean your focus is on HECO chain and not on Ethereum? Which of the attributes of Ethereum are you currently implementing and how is the transaction mining on HECO chain implemented?
Transaction fee on MDEX will be charged at 0.3% and you have planned that 66% of your fee income will be used to repurchase and burn MDX and buy HT to airdrop to users who mortgage MDX. Since on-chain transactions are daily recurring activity and fees are regularly charged per transaction made on chain, does it means you plan to have a regular or continuous airdrop event as long as there is transactions or is this a one time offer? What amount of MDX should a user mortgage/hold to be qualified for this drop?
You implement repurchase and token burning at a ratio of 66% of the total income from fees. How does repurchase and burning work? Is it automatic? and where will the remaining 34% be allocated?
I see too many complicated tools and types of trading, as well as the various tokens that you have. Are there no plans to further simplify the platform mechanism? Do you also provide educational programs to make it easier to understand the MDEX platform?
Hello sir
I have been surfing your website for long time but I haven’t find anything talking about security , So can you please tell me what procedures do you take in order to keep your project secure and safe ?
What do you take to keep users accounts safe and secure ?
Thanks
Hello sir
From your website I saw that M-Angel is a long-term personal partner of MDEX community, so can you please tell me what are the missions that M-Angel provide to MDEX ? and do M-Angels contribute any valuable resource to MDEX? If yes could this be rewarded with MDX tokens or other forms of incentives for the contributions?
Thanks
Mdex has been audited by CODESAFE, nevertheless the audition document isn’t public on your website, can you share it? Also, what are the security features for keeping your user’s assets safe from external attacks?
One on MDX usage scenarios is repurchase and destroy MDX, can you provide more details about this feature?
I just read on your twitter that you had a problem, something occured on the node server, resulting in 91 abnormal repurchase orders, totaling 91000USDT. Could you explain how could this happened? What happend to the node server that caused this tremendous amount of abnormal repurchase, and how are you going to assure your users that this won’t happen again? Did you already solve this? When are you going to pay this USDT back?
I read your medium article about MDEX M-Angel, and you said that this M-Angel will be separated into categories; M-Angel ranks Navy Blue, Sky Blue, and Blizzard Blue in order. What exactly do I need to do to be part of this categories? Once, I join M-Angel I start as one of those? And what do I need to do to be promoted from one to another? What’s the amount of activity you consider apropriate to make your users rank up or fall? Whan comes after Blizzard, do you have plans to add something more for those really unique indiviluas that achieved this Blizzard Blue rank?
What do I need to do to be part of this M-Angel program? I saw that you said to provide suggestions in the email as well as the resources or skills that can contribute to MDEX, but what are you looking for exactly? And how many people are you trying to caught with this? What age range are you looking for this M-Angels, can anyone from any part of the world join you?
Major issues such as voting on transaction fee ratio helps MDEX to make decisions on community governance. What are the criteria’s required of an MDEX user to partake in the voting process?
I have understood that MDEX is trying to find M-Angels to take care and be more close of the community with these members, so what I need to do to apply as MDEX angel?
MDEX is a Ethereum and HECO chain project, so uses a Ethereum Virtual machine address to connect with both chains, but are you interested in add more EVM compatibles chains like BSC?
Your site only displays two languages: English and Chinese.
But when choosing English, both languages are mixed.
Was that intended or was it some kind of mistake?
Do you plan to add other foreign languages as well and how soon?
One of the use cases of the MDX token is “Repurchase and destroy MDX” so that means that your token has a deflationary model associated, so which is your burning rate and how often do you Repurchase tokens?
MdEX combines the advantages of the low transaction fees of the Heco chain and the prosperity of the Ethereum ecosystem..How do you maintain the low cost transaction fee while your platform still utilizing Ethereum Blockchain?What contribution does HecoChain and Ethereum Blockchain bringing to your platform to make it more handy to use?
Along with the liquidity mining on MDEX, I saw trade mining. Tell us what it is and what rewards traders will receive. Is there enough mining income to cover the costs of trading commissions?
Yesterday after the daily transaction volumen of $MDEX exceeded $1.5 billion, there was an error on your node server resulting in 91 abnormal repurchase orders, it was a considerable amount of 91000USDT to be paid for your team. MDEX aims to be faster and better but how are you going to prevent this kind of events may occur in the future due to the exponential growth of your platform?
This project is having a good acceptance from the community. You’ve launched the MDEX M-Angel recruitment program “to discover communities’ potentials”. What are the advantages of this program? How will be the benefits for the participants?
To date I think more Ethereum or BSC based projects are more successful and profitable than others but why did you choose Heco, how would you respond? So what innovations and advantages do you offer and is MDEX really the best choice for users and investors?
When I got to the MDEX website, I was automatically offered a connection to Metamask. Of course, I immediately decided that this Dex was built on Ethereum and not worthy of attention since there are already many such exchanges. But you have a trading pair with LTC. More precisely, HLTC. Explain what the letter “h” means and does it mean that I can use LTC for mining without draconian fees on the Ethereum network and how it became possible on DEX?
What technology made possible the appearance of NULS and LTC on MDEX? Do you use multi-chain solutions, or is MDEX not a traditional dex, but simply combines DEX and CEX?
I’ve already met Dex where rewards are received for liquidity and trading. As a reward, a token on which dividends are accrued. What gives its holders MDX? What is the use of this token?
How are the rewards for liquidity mining and trade mining distributed? The number of MDX tokens allocated for both types of mining is fixed? How will the rewards change over time? Can we see the release curve of the MDX token?
About the governance mechanism..Could you educate us more about the MDEX Governance Mechanism, How does it work in MDEX platform?
How can we part take in voting purchasing and burning through governance mechanism? I also recognized that a governance token that is also a platform token depend upon a long-term vision to modify the usefulness of the token;What tactic are you applying so that your token does not fall to the ground with the demand of the first buyers and volatility?
I understand that it is important to attract users by showing them the high liquidity values and great characteristics of your project on your website, but why not post more detailed information on its functionalities? Or do they prefer that investors do not know so much?
You mention that Repurchase will be used in order to “buy back and destroy MDX”, but really how much will that% of that “buy back” be? and how much will the% burn?
I understand that you recently launched a campaign called MDEX Community M-Angel Plan, could you talk in more detail about the characteristics and scope of this program? anyone can be part of it?
How much is the minimum amount of Tokens of which I must be the holder in order to be part of the community and governance of the MDEX project?
You mention that you will reward those who commit to MDX, but is this only those users who trade in MDEX? or is it really something additional like a stake for this project? and what do I need to “commit to MDEX”?
I actually tried to swap your platform, and the first token that appears is the native Huobi, so what is the relationship between MDEX and Huobi really? are they simply partners?
Really the figures shown on your page regarding current mining output and you liquidate it, are they real? and are they in continuous update? How can we validate if these data are real in order to trust you?
What do you really mean by an “green currency”? Besides why is MDEX the largest ecology platform in DeFi? What do they relate to “ecology” on Blockchain and DeFi?
What are the Rewards plans for those who commit to MDX? How many MDX do I need to participate in this rewards plan? Could you really win by accumulating the MDX tokens?
How is it possible through MDEX to create a larger DeFi green platform that integrates DEX, IMO and DAO at the same time? What are the benefits that this platform would bring with DeFi with DEX, IMO and DAO?
In which exchanges is the MBX token available? And what are the commissions when using the MDX token? Is the cost per transaction really that low?
Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. Also Mdex proposes and implements a dual-chain DEX model based on the Heco Chain and Ethereum. So may we ask why chose both in Heco & Ethereum? What are the advantages & the ‘users’, can we also participate in dual mining mechanism of liquidity mining and trade mining in your platform? How?
Engagement across any sort of social platform is a key metric for any brand, advertiser, business or influencer. So how do MDEX Project keep their communities satisfied and engaged? Also recently, you launched the MDEX M-Angel Recruitment Program. It’s kinda interesting, so may we know it’s full details and how it really works?
The cryptospace offers several privacy coins but what are the main differences between them compared to MDEX? Can you give as an overview also of your Token Information like the Total Supply and it’s Circulating Supply? And may we ask is there a plan about Token Lock-up in the future? If so what’s the details and when is the release dates?
You mention the importance of the support from the community and you created the M-Angel Program to keep the people involved in the MDEX project. If I want to become a M-Angel, what are the requirements I need to meet? Would I be able to create a local MDEX community in a form of support for the project? And if a M-Angel doesn’t accomplish what they are supposed to, what would happen?
Based on your One Pager, 66% of transaction fees charged are used to: repurchase and destroy MDX (30%), and to purchase HT from the secondary market to reward stakers (70%). What happens with the 34% left of fees charged?
Can you tell us about the MDX token and its use cases within your platform, and as an investment opportunity for users? What are the benefits for investors of buying MDX? Can you explain what are your Tokenomics?
I was interested in liquidity mining and trading mining on your platform. Please tell me what pools are provided and what conditions must be met for production
The MDEX M-Angel recruitment program is seen as a great opportunity for community users, they plan to implement a training plan for those who want to be an M-Angel but do not have all the requirements ?
I recently saw that they decided to launch a plan called Community M-Angel, I think I have the requirements to be an M-Angel and contribute to MDEX, what steps should I take to be approved?
Do you plan to improve your website, perhaps making it a little more intuitive? and if so, do you plan to make MDEX usable on mobile devices through apps?
Mdex is an automated decentralized exchange powered by Huobi Eco-Chain and Ethereum. What advantages have you identified for yourself in Huobi Eco-Chain and Ethereum and combined in Mdex?
liquidity mining and trading mining are programs provided by the MDEX project, can you explain in more detail about the two programs, and how to make exchanges or transactions in the MDEX project, must you verify your kyc data?
I read on twitter that MDEX platform transaction volume exceeded $1.5Billion, and due to the explosion of transaction data, something wrong occured on the node server resulting in 91 abnormal repurchase orders totaling 91000 USDT. Have this been investigated or have you found the cause of this problem? Did the node server already fixed to avoid this kind of incident to happen again?
I see that MDEX is built on HECO. Also realize that you use HT, HUSD and Hx Tokens (HBTC, HDOT, etc) through all MDEX environment including pools, mining, rewards. To better understand HECO which is a new chain, I want to ask; is it a requirement or a preference to use these tokens on HECO? And/or do you have a collaboration/partnership with Huobi which might make Huobi be involved in selections or decisions?
I only see Chinese character in your website, do you have any English version for Mdex website for us to understand more about your platform? Since it is Chinese New Year, do you have any promotional àctivities especially for new users for Mdex? If yes, can you tell us what are those? Is KYC necessary to your platform upon signing up? Thank you
Since it’s Chinese New Year, do you have any special promotional activities for new Mdex users? If so, can you tell us what it is? Is KYC required for your platform when registering?
why did you choose Heco, how did you respond? So what innovations and advantages do you offer and is MDEX really the best choice for users and investors?
How do you keep your transaction fees low while your platform is still using the Ethereum Blockchain? What contribution did HecoChain and Ethereum Blockchain bring to your platform to make it more practical to use?
Can you explain more about the Repurchase settings in Mdex? What mechanism being used to effect it’s features? How it works? How to get profit from Repurchasing? Can you explain the calculation? Thank you
Can you explain what is M-Angel program and who are included in it? What are the notable development or accomplishments that can be considered as an M-Angels achivement?
Mdex supports a “dual mining mechanism”: liquidity mining and trade mining.
Are there any special features that might interest us?
Mdex will also focus on the construction of Bridges and Layer2, and is committed to building the largest real multi-chain interoperability platform in the DeFi ecosystem. When will the bridge and Layer 2 be possibly launch?
I found in telegram, that you have daily airdrop if we stake in your pool and your “boardroom”, btw what is the different staking in your pool and staking in boardroom? Which one more benefit to user?
Mdex is a Dual mining based on mix chain HECO and Ethereum, actually how does it work? Is it possible to mining with low fees from HECO and use other good feature from ETH? if yes, may i know what feature you adopt from ETH?
I read from your Medium MDEX aims to lay a foundation for accelerating the ecological construction of DEFI from HECO, as i know DEFI also covers many things like lending and borrowing, insurance, NFT… Which one do you plan to add in next development?
I was confused by the following words —
In the future, if the DAO management starts….
—
By saying these words, are you suggesting that DAO management may not start working? What can affect this positively and negatively? Thanks.
How to become a — Boardroom member–? You promise more rights, increased interest to these members. What amount of MDX should I hold or another token?
What is it —
waiting-for-vacation investment gold pool?
—
The pool in which the profits will be collected for my vacation, for example, to the Bahamas?