• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
MDEX
Advertisement

MDEX Transitions Into Metaverse, NFT and DAO as It Celebrates Its One Year Anniversary

Bitcoinist by Bitcoinist
1 year ago
in Press releases
0
Advertisement
Advertisement

January 21, 2022– As the project celebrates its one-year anniversary, MDEX, an innovative DeFi platform, has transformed into DeFi 2.0. By establishing a special fund for metaverse, collaborating closely with several high-quality NFT projects, and investing in the NFT incubation and trading platform Openmeta, the MDEX platform has established a stronghold in the areas of NFT, metaverse, and DAO.

It is important to note that MDEX was one of the first generation DeFi platforms to implement DAO governance prior to the constitution DAO launching their own structure. More than ten referendums on proposals were completed by the MDEX community, the majority of which addressed very practical issues. Some users, for example, propose offering incentives to proposers in order to increase community members’ enthusiasm for DAO.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

MDEX has reached a number of significant milestones since its inception in January 2021. MDEX 24H trading volume surpassed $3.1 billion just one day after its launch, topping the DEX ranking. On March 10, the MDEX’s total trading volume surpassed $100 billion. MDEX was also launched on BSC on April 8th and completed deployment on the Ethereum blockchain a few months later.

MDEX began developing a DAO governance structure and launched the “Boardroom” section a few weeks after its initial launch. MDEX launched the Boardroom reward mechanism on 4 February 2021, allowing users to stake MDX for token rewards; two days later, the MDEX Boardroom launched the repurchase and burn mechanism to reduce MDX inflation. MDEX had released 771 million MDXs and burned a total of 135 million MDXs as of December 28, 2021.

When the MDEX platform launched on Binance Smart Chain, it became a dual-chain protocol, and it achieved a TVL of more than $1.5 billion in just two hours. MDEX’s TVL increased as a result of the dual-chain protocol’s implementation. The MDEX’s cumulative dual-chain trading volume was close to US$200 billion as of April 2020, with 24H trading volume exceeding that of the top three DEXs, Uniswap, PancakeSwap, and SushiSwap combined.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

MDEX constantly improves its user interface and experience in addition to developing and upgrading platform features. The MDEX platform launched a new chart function on July 22nd, allowing users to view the price of any asset listed on the site at any time. MDEX launched the Pending Order Book function on October 30th, allowing users to trade tokens at the desired price using limit pending orders.

MDEX has experienced various highs and lows in its first year of operation, but the platform is committed to opening a new chapter of DeFi to explore current trends such as Metaverse, NFT, and DAOs. Furthermore, the MDEX platforms are constantly improving and innovating in order to remain at the forefront of the DeFi market as it evolves.

 

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

TMS Network (TMSN) Sees Massive 1000% With Presale, Mask Network (MASK) Sees Increase in Value While Polygon (MATIC) Enters the Red Zone

TMS Network (TMSN) Sees Massive 1000% With Presale, Mask Network (MASK) Sees Increase in Value While Polygon (MATIC) Enters the Red Zone

14 mins ago
TMS Network (TMSN) and XRP (XRP) Ready to Explode, While Cosmos (ATOM) Makes Investors Worried

TMS Network (TMSN) and XRP (XRP) Ready to Explode, While Cosmos (ATOM) Makes Investors Worried

14 mins ago
Cardano (ADA) killer raises $4.3 Million in its presale, races past presale stage 3 ahead of schedule

Cardano (ADA) killer raises $4.3 Million in its presale, races past presale stage 3 ahead of schedule

2 hours ago
Binance Coin (BNB) and Uniswap (UNI) Lose Volumes, Uwerx (WERX) Presale is Expected to Soar

Binance Coin (BNB) and Uniswap (UNI) Lose Volumes, Uwerx (WERX) Presale is Expected to Soar

2 hours ago
Best Cryptos To Buy For 1000% Growth

Best Cryptos To Buy For 1000% Growth

15 hours ago
Top 7 Cryptos For Gaming

Top 7 Cryptos For Gaming

19 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Trending Projects

  • 5 Best Upcoming ICO List of March 2023

    2 weeks ago
  • Crypto Investment for Long term: 3 Coins to keep your eye...

    2 weeks ago
  • Cryptocurrency to invest in March 2023

    2 weeks ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • TMS Network (TMSN) Sees Massive 1000% With Presale, Mask...

    14 mins ago
  • TMS Network (TMSN) and XRP (XRP) Ready to Explode, While...

    14 mins ago
  • Cardano (ADA) killer raises $4.3 Million in its presale...

    2 hours ago
  • Binance Coin (BNB) and Uniswap (UNI) Lose Volumes, Uwerx...

    2 hours ago
  • Best Cryptos To Buy For 1000% Growth

    15 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.