Announcement for MDEX.COM (BSC version) is about to open Boardroom
Since MDEX launched BSC liquidity mining and trading mining on April 8, the total liquidity pledge (HECO&BSC) has exceeded 5 billion USDT, the 24-h trading volume is up to 5.1 billion USDT, and the number of MDX holders exceeded 97,000. Thanks again to the market and users for their trust and recognition of MDEX.
MDEX will launch Boardroom (BSC) at 20:00 (UTC+8) on April 11, 2021 and start boardroom rewards. MDX repurchase and burn will be started after single token mining is over.
Notes on the Boardroom (BSC) repurchase and rewards rules:
MDEX will transfer the corresponding proportion of daily platform income into the fund pool to be repurchased, and users can receive HMDX or MDX by staking MDX/HMDX LP, MDX/WBNB LP, and MDX. The specific reward rules are as follows:
Stake MDX/HMDX LP reward amount: 40000USDT equivalent MDX;
Stake MDX/WBNB LP reward amount: 40000USDT equivalent HMDX;
Stake MDX reward amount: 20000USDT equivalent HMDX;
In the future, MDEX will open liquidity LP pledges for more tokens.
2. Repurchase and burn:
MDEX will transfer the corresponding proportion of daily platform income into the fund pool to be repurchased. When the repurchase price (72-hour MDX average price) is triggered, the smart contract will automatically execute the repurchase and destroy it. If it is not triggered, it will continue to accumulate into the repurchase fund pool.
Note: When repurchasing from the secondary market, low-priced HMDX or MDX will be purchased first for destruction.
All Boardroom mechanisms are open, transparent, fair, and displayed in real time on the chain.
After MDX releases more, MDEX will conduct Boardroom voting governance through the on-chain DAO management. Boardroom members participating in the election will have more rights and interests, please stay tuned.