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About MDEX

What is MDEX?

MDEX is an automated market-making decentralized exchange (DEX). It uses a pool of funds to provide higher liquidity to its users. The platform uses a hybrid chain model based on Heco Chain and Ether, and combines the low transaction fees of Huobi Ecological Chain with the liquidity of Ether. The platform's key features include liquidity mining, double mining, token exchange, and automated market makers.

Who are the founders of MDEX?

Nate Flanders and Anant Handa first thought of creating a crypto exchange in late 2017. However, MDEX did not officially launch until late January 2021. flanders is the current CEO of MDEX and Handa is the Chief Strategy Officer of MDEX. Nate graduated from Florida State College in Jacksonville with a degree in business administration, management and operations. He has founded several companies, including ResQ, co-founded the startup Crypto Coin Trader, and served as President of Bitwatch, a popular bitcoin and cryptocurrency price alert application. His partner, Anant, holds a BS in Chemical Engineering from Purdue University and an MBA from Columbia University Business School. He has worked as a project controls engineer at ExxonMobil Development, an investment banking associate at Credit Suisse, a product manager at Apple, and an advisor and COO at Panda Analytics.

When did MDEX launch?

The platform is available to the public on January 6, 2021. Its transaction mining and liquidity mining features launched on the same date. in September 2021, the exchange launched its DAO governance features. on October 8, 2021, the decentralized exchange (DEX) became available on the ethereum blockchain.

Where is MDEX located?

The company's main headquarters is in Singapore.

Countries that restrict access to MDEX

According to the company's website, it has restricted IP access from Canada, Singapore, China (including Hong Kong, Macau, Taiwan, and) North Korea.

What coins can MDEX support?

The trading platform currently has 55 cryptocurrencies on its shelves and no fiat currencies or trading pairs.

What are the fees for MDEX?

MDEX charges a 0.3% fee on all transactions.

Can I trade on MDEX with leverage or margin?

The decentralized exchange's spot market does not support margin trading. However, in October 2022, the exchange partnered with AppoloX Finance, an on-chain derivatives platform, to launch USDT margin perpetual trading capabilities.