# Announcement on destruction of staking profit for MDEX team

MDEX team focuses on additional values of its native token MDX and has regularly destroyed all team staking proceeds for 365 days from the boardroom sector. The latest destruction was executed on 1st October 2021 with a quantity of 3374557 MDX worth about 3.85 million USDT. The destruction hash is as follows:<https://hecoinfo.com/tx/0x93de9912feb9139c1baca432b9ce6be16f548759846045be9044886a8221ce0b>

The address of the destruction contract on HECO is as follows: 0x93de9912feb9139c1baca432b9ce6be16f548759846045be9044886a8221ce0b

MDEX Team&#x20;

1st October 2021&#x20;


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