# Announcement on the Repurchase and Burn of MDX by MDEX Dear Global MDEX Users, The MDEX team has decided to allocate 5 million USDT for the repurchase and burn of MDX tokens from the market. This repurchase and burn plan is expected to be completed in the coming weeks, and specific details will be announced through subsequent updates. MDEX is committed to creating a high-performance, trustworthy decentralized trading platform. This repurchase and burn initiative demonstrates our strong confidence in the future development of MDEX. By reducing the token supply in the market, we believe this will help enhance the long-term value of MDX and provide greater confidence to all holders. We understand that the support and trust of every user are crucial to the success of our platform. We sincerely thank you for your continued support and trust. We will continue to strive to provide you with exceptional service and innovative products. MDEX Team July 21, 2024 --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://mdexdoc.gitbook.io/doc/announcement/announcement-on-the-repurchase-and-burn-of-mdx-by-mdex.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.