We are pleased to announce our next AMA on September 8th 2021 at 05:00 PM UTC Time: Satoshi Club x MDEX
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join MDEX Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. MDEX Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about MDEX
For more details:
MDEX Website – mdex.co
MDEX Telegram – @MdexEN
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
MDEX is currently granting two tokens for its users namely $MDX and $HMDX. Can you tell me why two tokens have been allocated for your project? Can you list out the utilities/functiones of those two tokens? And, also you have said that $MDX is for BSC and $HMDX is for Heco chain. So, why don’t you plan to link the two tokens and make it as a single token and deploy it in BSC? ( As BSC has more advantages compared to heco ). Will both the tokens have its own supply and market price? And, which token should I acquire to vote in the MDEX DAO? How complicated is to manage both the tokens keep them in stable price? Lastly, do you will you launch more tokens like this if your project implements more chains in the upcoming days? Thank you.
Last August 4 of this year, MDEX announced that it will destroy ALL the team rewards that are locked up in the boardroom with an interval of 365 days within a regular basis. The first destruction cost MDEX a token valuation of 2.75 million USDT and for this month alone, 5.42 million USDT. And this will keep on happening until all team rewards are burned/destroyed. What was the reason why did you decide to conduct these expensive destruction of tokens? Was this a strategic and beneficial decision for the team, project and also the community? Who decided to approve this plan, was it the MDEX team or the DAO?
The MDEX Foundation launched a brand new “Hunter Program” for young and promising projects. MDEX is offering a $10 million fund support for emerging projects that are focusing on Metaverse, DeFi, GameFi and NFT in particular. Can you give us an update about this Hunter Program, are there already projects in line? Also, what specific characteristics and qualities of an applicant project, both for the team and project concept, are you looking for?
MDEX has a personal partner called “M-Angel” that helps the project to build, promote, take care of its community and brands. The previous round of M-angel recruitment has held almost a month ago. Will MDEX conduct another round of M-Angel recruitment and if so, when do you plan to conduct this? Also, can you give us some advice on what are the characteristic and quality of a person are you looking for to be the next M-Angel? What are the criteria of applying as an M-Angel
MDex – (TOKENOMICS), We understand the total supply of MDex’s platform token MDex is about 1 billion, of which 10% is used as team reward for team operation, technical research and development, etc. We are meant to understand this section will be unlocked 1 MONTH after the PROJECT LAUNCHES and the unlocking lasts for 24 MONTHS by the smart contract, While 7%is usedto reward early investors who bring more funds and resources to MDex’s development, 3% is used for marketing and brand building. Both of them will be unlocked in twelve months after the PROJECT LAUNCHES. The remaining 49% and 31% are used for liquidity mining and transaction mining on HECO and BSC respectively. Now my question is on the 7% which you did said the criteria for reward is basically for early investors who bring more funds and resources to MDex development and, why not just early investors whether more funds or less? Could you please tell us your ratio or parameter for more funds under MDex as determinant factor in the 7% reward? Thanks
The popular multi-chain DeFi ecosystem,
MDEX uses halving event just like bitcoin,as a deflationary blockchain event where block subsidies or rewards received for validating transactions decrease by half.
MDEX, conducted its second token halving recently .
Could you tell us more about this halving event ?What adjustments will this halving convey within MDEX ? And How will it affect for MDX holders?Is this halving event enough to drive up the worth of MDX ?If not ,Are there another supplementary mechanism to speed up the MDX deflation and additional empower the worth of MDX ?please tell us more details ..
Thank you..
Recently MDEX Boardroom rewards has been changed to a MDX based settlement method..so, TVL( USDT) will not be used to calculate APR for Boardroom rewards..
Could you tell us more details about this change?
What is the reason for this new adjustment ?how will this MDX based settlement method work ?what are the advantages of using this method than the previous one ?
Thank you.
There is ongoing TRADING CARNIVAL within MDEX which will distribute US$100,000 MDX token prize pool. Great chance to MDX traders.also for New MDX traders ..
Could you please share more details about this trading carnival with us?About all three events you mentioned there ?How can new traders join with this event ?what are the requirements ?
Thank you.
You have conducted three audits with renowned agencies. Although FAIRY PROOF has not identified any issues attached to MDEX, there are 13 issues related to several types including control flows, volatile codes and compiler errors according to the CertiK report. Do you pay attention to those points and resolve the issues? Don’t you think a re-audit is needed after rectifying them? Further, what were the findings of the SLOW MIST audit? Please explain them because the report is not understandable by some community members becuase it was not written in English.
It seems that our project name consists of two parts. “DEX” in the term “MDEX” may represent “Decentralized Exchange”. What is indicated by the letter, M? Your logo has also been designed according to the “M” shape. Please explain whether this letter represents something special.
You have conducted a feedback campaign to celebrate one million interactive users on MDEX. It has been concluded on 14th of August. Did you announce the winners? I am looking forward to know whether I am a winner or not. By the way, what kind of feedbacks did you receive? Were the users happy about the project or have they noticed any drawbacks? Are you willing to make some changes according to the feedbacks if needed?
I was surprised to see that MDEX was such a huge platform, with 100k+ users on their social media. However, I’ve never heard of this project, so, since you’ve already built a great following and the overall project seems to be sound, and working correctly. Would you tell us what are is your next focus or the next big step you’ll take with the platform? What are some valuable new features or services you’re currently developing, and what are your most aggressive marketing plans that will help you gain massive exposure? In which ways can your established, long-term investors help you achieve these goals?
You (MDEX) have integrated IMO (Initial Miner Offering) on your platform,i am only familiar with ICO (Initial Coin Offering) and IDO (Initial Dex Offering).Was this created by your team?Can you give us detailed explanation of IMO?Why IMO and not IDO and ICO?Is it that you won’t have an IDO or ICO except IMO?
MDEX has announced that you will soon launch the DAO governance page for your website. So, will MDEX finally transition to a fully decentralized platform? Which users are granted DAO rights? What are the requirements to participate in community voting? How is the governance structured? Will everyone have equal rights, or does it depend on the number of tokens you hold, or for how long you’ve been an investor? What are the things users are allowed to do/vote on?
On February 12th, when you were here, you shared an impressive record of Mdex TVL and transactions. Back then, Mdex recorded a 24 hour trading volume of $1.4 billion which was found to be much higher than the $1.1 billion recorded as 24 hours trading volume on uniswap. However, according to CoinMarketCap yesterday, the 24 hour trading volume on Mdex was $339,987,633 and this very low when compared with the $2,342,652,151 trading volume on Uniswap V3 alone in 24 hours. Back then, you attributed your superior performance to low fees and your dual chain support model. What has changed between then and now, and what may be the likely causes of this reduction? How is Mdex positioned to wade off competition and deliver a platform that can improve on past performances as well as the experiences DEX users? What innovative mechanisms will Mdex use to not only keep your user glued, but also expand into attracting more users?
MDEX became the first project to integrate a dual mining mechanisms into its ecosystem.It utilizes a Liquidity and Transaction mining.For your Liquidity mining,what various liquidity pairs are available on your LP mining platform?For your Transaction Mining,when users trade using the DEX, what are the rewards given for all trade actions done on the DEX?Can you tell us your APY on Heco/BSC and Ethereum?And how can users access your LP pool and APYs?
Mdex recently announced the launch of its DAO structure and you said all users who participated in MDX boardroom lockup for at least 30 days will receive governance vouchers in accordance to the length of days token were staked. What is governance voucher or is it a special token format which is used for voting? Does it mean that before a user can participate in governance, his tokens must be staked for a minimum of 30 days? How will your DAO structure enable holders of MDX to directly or indirectly provide ecological and development ideas that can lead to project improvement?
After your audit with CodeSafe,MDEX did their next audit with CERTIK but in your audit 6 issues were detected out of 67 vulnerability & security checks.What were this issues?Has it been resolved?Even though security audits are very important,most platform that have carried out some security audits were once attacked by scammers and bugs.Aside audit what security measures are available on your platform to avoid being hacked by scammer?In the future will you also carry out more audit for the safety of users funds?
You just concluded a joint mining activity reward with NEXTYPE but I can see that you already have a US$100,000 MDX trading reward carnival that will be hosted on Houbi CEX between Sept 7th to Sept 14th. Why did you decide to host this competition on Houbi rather than on binance where you are also listed? What category of users can join this event? Are the trading volume considered only toward buy direction or Can users add up both buy and sell spot transactions to improve their trading volume?
MDEX’s daily trading volume is ranked # 1 on CoinMarketCap and CoinGecko of DEX’s global rankings, and they still continue to top the list; the cumulative transaction volume for the last six months has exceeded $ 400 billion. MDEX’s (Heco and BSC) dual chain implementation TVL exceeds US $ 2.5 billion. What do you think is due to the success of MDEX today? What kind of innovative services does MDEX offer to attract investors? What have been the marketing and advertising strategies to grow your community and investors?
Global expansion should be the focus of MDEX’s operations in the near future. It will expand the influence of the MDEX brand throughout the DEX? Industry, so that more and more users can understand the use of MDEX transactions, namely mining, liquidity mining and downstream ecological scenarios. Do you expect to attract more non-habitual users of the cryptographic world for the MDEX platform? What are you doing to expand globally?
MDEX launched the boardroom lockout feature on July 17, marking another step towards DAO. So far, MDEX double chain lock market capitalization has exceeded $ 600 million, MDX lock rate of 89.62%, MDX with lock volume of more than 30 days accounting for 62.93 % of total circulation, and only 6.4% of actual MDX circulation. How does the boardroom lockout function work? What are the advantages of this function? Has the data performance improved after the launch of this feature?
The Hunter Plan is the MDEX Foundation for Global Ecology’s development support plan. The Hunter plan totals $ 10 million, prioritizing funding projects that share the MDEX philosophy, including high-quality projects like Metaverse, DeFi, GameFi, and NFT. What are the Objectives to be achieved by the Hunter plan? How does the Hunter plan work? Who is this plan aimed at? Can you briefly introduce us to the Hunter plan?
I read that MDEX has established a seed fundation of $15 million for DeFi to further promote its growth, and interested people and projects can apply by filling the Ecological Fund application fee on your website. Is this Seed foundation different from the recently Released $10 million Hunter Program to Help Ecological Projects… what will be the requirements to have access to and benefit from any of these Funds you have set aside for the growth of the ecosystem, how much will you be releasing to each project that successful meets your criteria for accessing the funds, and apart from this financial support in what other ways will you support successful projects that meets your criteria..
MDEX decided to launch Boardroom on February 3, 2021, and on April 11, 2021 MDEX launched boardroom for Binance Smart Chain(BSC)..I see that the boardroom has features such as; rewards, repurchase and burn, and the burning black hole…. So what are these features of the Boardroom in MDEX all about, how do the features work, and how can users participate in the gain rewards from the boardroom….
Mdex is said to be building a DeFi platform that integrates DEX, Initial Model Offering (IMO), and Decentralized Autonomous Organization (DAO).. So how does an Initial Model offering (IMO) work in MDEX, what is the Initial model offering all about, what are its features and how do projects who are interested in doing an IMO (Initial Model Offering) on MDEX apply, what requirements do they have to meet, and what process will they go through before conducting an IMO (Initial Model Offering) On MDEX..
I read that MDEX.COM combines in an innovative way the different advantages of several basic public chains, and creates a complete and composite high performance DEX ecosystem. So, could you tell us about such combinations, which advantages and which chains you have copied and how each of these advantages together allow you to be much better, I would also like to know what would be your difference between all of them?
Greetings MDEX I would like to start on the platform but I would like to understand the offers on your platform, IMO. ICO and IDO, but what are the functions of each of them, I would like to know more about these three functions on your platform and which would be the most recommended and beneficial to use? What would be the proper use that we have to give it, could you give us more details. Thank you
I read that MDEX providing users with a more secure, reliable, diverse and profitable trading experience. I would like to know, how do you prove that you really meet each of these points, could you tell us about your security system, how do you prove that you are reliable and what plans and/or strategies make you have diversity and profitability?
In a bid to acquire more community numbers, increase trading activities and general adoption, MDEX launched it’s referral program on BSC late August. This program gave all users the opportunity to invite friends and receive rebates and commissions on such actions. Can you carefully emphasis on this, how has the program been so far since it was first launched, what are the necessary rules and guidelines that guarantees successful referrals, rebates and rewards, and since users can also function as influencers, what are the requirements? Finally, as this program was launched on BSC, will there be a similar programs for your HECO & ETH support chains?
MDEX has a mobile or PC-only version, which is the most recommended for users, what is the best advice for novice users like me, to start mining, which would be more recommended the web version or the mobile version? What differences there between, liquidity mining and mining, can you explain us about these mining functions and the correct use? Finally, how important are the communities globally for MDEX and how do they plan to expand?
MDEX.COM supports the BSC, HECO, and ETH decentralized cross-chain transaction protocols, and is ranked first in CoinMarketCap and CoinGecko’s DEX rankings. What characteristics of MDEX do you believe contributed to the platform’s position as the best in its field?
What advantages do users who participate in the “dual mining incentives through liquidity mining and trading mining” stand to gain? And how am I going to be a part of it?
MDEX is working to create a DeFi platform that combines DEX, IMO, and DAO. How can the many aspects of these technologies be brought together in MDEX and made to work together?
While reading to get information about MDEX i came across your recent announcement on MDX Trading Carnival: US$100,000 MDX Token Price Pool for Winners! The Trading Carnival is said to be segmented into different Events…Event I, Event II and Event III. I hope it’s not late to join the event? Can you please share with us details about this trading carnival and the different events involved? How can we participate and when is the event ending? Are there ways we can increase our winning chance? Thank you.
MDEX claims to be for cryptocurrency trading, the biggest, fastest, best and cheapest option, so I would like to know, what features allow you to make such a claim, tell us a little bit about the elements that allow you to be faster, cheaper and better than any of your competitors?
The two-fold halving of MDX was recently announced; when will it take place, and how will it affect the reward program?
One of the products of MDEX is the MDEX Ecology Fund, tell us a little about the objective of this fund, what importance it will have in the development of MDEX, who it will be directed to, how it will be managed in a fair and transparent way and could you tell us currently, who has benefited from it?
MDEX is about to launch the DAO governance page; what features will it have to give the community power, and how can we participate as governors?
Recently you have announced the lock-up rewards destruction for MDEX teams this month, more specifically, the destruction value in MDX is about 5.42 million USDT, can you tell us what reasons you have for such a drastic move? Can this positively or negatively affect your users?
MDEX (HECO and BSC) recently announced the adjustment of it’s liquidity mining weightage, with conditions that total mining rewards per block, remained the same as at yesterday, September 7th (6pm, UTC+8). However, I tried to get a clearer undertaking of this operation and the general consequences on mining and rewards, but I only got briefs from available channels, including your official website. Therefore, can you carefully explain what this operation entails, why was it necessary, how does it affect mining activities, and why is it limited to your HECO and BSC supported chains?
You have halved $MDX token at a block height of 7925600 on HECO and 10592800 for BSC on September 3. Could you share with us more details about this Halving event? What was the purpose of holding a halving on $MDX suddenly? What was the cutting percentage of rewards per block? How much is the daily reduction of $MDX due to Halving event on Heco & BSC chains?
You have announced a $MDX trading Carnival from 07th of September to 14th of September. Is the purpose of this trading Carnival to bring the price of $MDX to a higher point from the Dumping point since yesterday Market Crash? And also you categorized this trading competition in to three events called Event 1- New $MDX traders, Event 2- Trade $MDX, Event 3- Trade more, Win more. What are the unique Specialties of each event? How much is the prize pool for each event? What is the minimum value, I should trade to grab some Extra $MDX? Can I trade $MDX on Binance to enter this Trading Carnival or should I trade only on Huobi Global to eligible for this trading Contest?
MDEX already have a Bridge system that support in converting tokens from HECO Chain to BSC chain. How many currencies/token do you support through this bridge system in addition to $MDX? Can you tell us the core mechanism of this bridge system? What about the fees of this bridge system? Why did you only support HECO & BSC chains, Will you add more chains in to MDEX bridge system in future?
I tried MDEX chart’s Beta Version & It’s looking good since it includes multiple trading tools. When will your Chart’s Mainnet go to live? Will you integrate drawing tools in your Mainnet for the chart analysis? But I couldn’t see depth chart in MDEX Chart Beta version. Why is that? Will you upadate depth chart integration in to your Mainnet? Which range of time intervals will you add in Mainnet of the charts?
MDEX has already audited with FAIRY PROOF, CERTIK & slow mist audit agencies. Could you share with us your last audit credential details? How many audits did you achieve from the beginning of MDEX to present time? When will be the next audit to be scheduled within MDEX platform?
To create more securable MDEX ecosystem, you have decided to launch a BUG BOUNTY CAMPAIGN. I would like to participate on this event. So could you please provide more details regarding the bug bount campaign? When will it be last, Will it hold for a long term? After finding out bugs, How should participants make & present the report to MDEX team? How much will you offer rewards if I find out a critical bug, Can you tell me the reward rating system? What are the rules & regulations for participating in MDEX bug bounty campaign?
I found out that MDEX is launching its second round of M-angel recruitment. So,can you tell us what are the qualifications and requirements for being an M-Angel in your platform? What are the benefits and advantages that your platform offers to become an MDEX-Angel? In which country national are you considering to apply as M-Angel in MDEX? What are the duties and responsibilities of an M-Angel? Is there a probationary period for being an M-Angel in MDEX? Finally,what is the rate of being an M-Angel?Thank you
I noticed that MDEX has a referral program and Bug Bounty Program. So,would you explain the mechanics of the referral and Bug Bounty program in your platform?How does those program works and being implemented in MDEX?What are the rewards and incentives that the Referral and Bug Bounty program that your platform offer to your users?For new users,what will be the welcoming bonus that MDEX is readily offered for them? Is this program still ongoing until now? Thank you
What is the MDEX Foundation about, what is the origin of the funds to provide financial support for high-quality projects and help project founders to enjoy richer ecological resources and therefore fundamentally promote the development of the whole DeFi ecosystem, how do you see the future of blockchain in the financial system and how do you consider its flexibility in the cryptographic space and culture?
What motivated MDex to adjust the weight of liquidity mining under the condition that the total mining rewards per block remain the same, what can you tell us about the Referral System with Commission and Reimbursement, how it works and how it benefits MDex and to its investors, so far who are its main partners and how is its governance system?
Definitely MDex possesses a great mix of chains by supporting the decentralized transaction protocol of BSC, HECO and ETH. Could you tell us what MDex’s strategy has been to reach the first place in the DEX rankings of CoinMarketCap and CoinGecko, how you will be able to integrate the different advantages of a variety of basic public chains to create a DEX ecosystem composed of high performance, tell us about the structure and team of MDex?
I noticed that in your project MDEX is an exchange with a dual-chain Dex model, why would you choose to be a dual-chain exchange? Did you make such a choice to complete the deficiencies between the chains? Why do you prefer HECO and ETH, can you talk about it?
One detail I noticed in MDEX is the Trade Mining and Liquidity mining factor. Why do you have two different mining systems? Can you tell us about the differences between trade mining and liquidity mining and whether there is a different way of working between the two?
Is $MDX a deflationary coin? I noticed one of your use cases is “Rebuy and destroy $MDX”, can you share with us why? Do you have a burning and staking system for $MDX, what are your rates?