MDEX's Updated Roadmap
Dear MDEX users,
MDEX comes into being out of our passion and grows into its size today due to our innovation. Since its launch on January 19 2021, we have been looking for a better protocol to make the transaction lower cost, higher efficiency, faster speed and excellent user experience. Despite being in the ever increasingly competitive industry, MDEX has been insisting on its financial nature and maintaining a rational mindset to take full advantage of the market opportunities provided by the frenzy market.
After a 138-day safe and smooth operation, MDEX is about to start its initial halving and at the same time disclose our future plan with all MDEX users. But before that, let's take a look at what achievement MDEX has made in the past five month.
A unique and irreplaceable role in the crypto field:
Daily transaction volume on MDEX has surpassed $2.7 billion, more than doubled the performance of Uniswap and ranking itself of the top DEX lists by CoinMarketCap and CoinGecko.
The total MDEX TVL on HECO and BSC has exceeded more than $5.7 billion and the cumulative transaction volume has surpassed $340 billion.
The first IMO (Initial Mdex Offering) held attracted over 8874 participants and the total assets participated exceeded $387 million.
More than $1.3 billion income for MDEX users & continuous repurchase and burn
MDEX has cumulatively created $1.06 billion revenue for users (430 million MDX) in the form of transaction subsidies and liquidity mining rewards.
A total of 47.62 million MDX has been repurchased and burned in the Boardroom, with a total repurchase amount of over $135 million; Boardroom has rewarded users a total of nearly $220 million.
In order to create more MDX ecological application scenarios, MDEX team has designed the "Burning Black Hole" campaign. In the first round, over 464,000 MDX has been repurchased, and 417,600 have been actually burned.
Long-term partnership enables maximum support received
MDEX has been deployed on HECO and BSC public chains and listed in as many as 23 exchanges, including Huobi Global, Binance, Gate.io, M XC, etc.
MDEX ecological funds has invested in multiple quality projects, such as O3, Coinwind, Westater, Filda, Booster, Converter, Syn, Open Leverage, etc.
By working around the clock, we aim to give full play to our diligence and practicality to push forward the crypto trend hands in hands with the best developers and partners across the globe. In doing this, we also seek to bring you a brand new MDEX which is marching towards a broader future.
Excellent transaction experience
Scalability and innovation are core drivers for DeFi's growth. They are the direction we continue to explore. MDEX will continue improve itself to provide the best transaction experience that is more efficient, convenient and free for users. To reach these goals, MDEX will:
(1) launch the liquidity optimization protocol to significantly improve capital utilization
MDEX will optimize the existing AMM (automatic market making) mechanism to enable such functions as liquidity aggregation, range orders, limit orders, etc.
(2) launch the cross-chain transaction functions to realize across-chain value transfer
MDEX will build a cross-chain infrastructure connecting multiple heterogeneous blockchain networks to materialize cross-blockchain asset exchanges. In doing this, it will provide a cheaper but more convenient asset circulation solution for users of ETH, HECO, BSC, Polygon, etc.
(3) create an innovative transaction interface and order book to upgrade users' transaction experience
MDEX will provide user-friendly quotation display page and order book transaction function, as well as more convenient and richer pending order strategies to create an operating experience comparable to that of centralized exchanges.
Boundless future
Transaction is the part and parcel of DeFi, but it is by no means the destination of DeFi. MDEX will expand its ecology horizontally by building more innovative products and creating more value. In the near future, MDEX will:
(1) implement the M-USD plan to full release the unlimited liquidity
MDEX will continue to support the minting of stable coin MUSD in various ways such as over-staking, LP staking as well as Boardroom MDX staking, and provide various application scenarios and liquidity rewards for MUSD. In doing these, MDEX allows users to obtain lucrative income while significantly improving the efficiency of capital utilization.
(2) implement the M-MEX plan to create a one-stop derivatives solution
MDEX will take the original products as the basis and give full play to the scalability--the core characteristic of DeFi. It will gradually launch a series of innovative derivatives such as leveraged transaction, option transaction and market oracles, etc., to provide users with richer and safer products that are also more convenient. While enabling these new functions, MDEX also creates more benefits for MDX holders.
(3) M- LEAGUE plan to create a new DeFi ecology
We hope to create more prosperous ecology in collaboration with more partners and developers. Therefore, we will prioritize a series of support programs such as IMO, MDEX Foundation and M-Accelerator and provide a full range of supports for quality and innovative developers and projects around the world. The supports include but not limit to funding, technology and ecological collaboration, etc.. We will carefully review each application and give feedback within 24H.
Ulimited returns
We are aware that MDX holders are the most faithful MDEX supporters. As the only core token of the MDEX ecosystem, MDX will be the only beneficiary of all MDEX growth dividends. For the next step, MDEX will:
(1) Return all rights to the community through DAO
MDEX will start the Boardroom member election and elect 21 super directors through MDX voting. Boardroom candidates have the right to initiate proposals and enjoy high income dividends, while users can participate in governance and get corresponding rewards through MDX voting.
(2) A long-term staking plan to bring core supporters lucrative returns
In order to encourage MDX holders who are optimistic about the development of MDEX in the long term, we will start a long-term staking plan and invest more funds and equity as rewards.
(3) Increased benefits enabled by diversified products and MDEX's continuous growth
Transaction fees will only be part of MDEX platform revenue in the future. We will return all product revenues to MDX holders through rewards, or the repurchase and burn mechanism, etc.
Thank you for each of your support. We believe that although the pace and extent of transformation varies in each industry, the change-makers share the aspiration and confidence in the pursuit of innovation, technology, adventure, all of which are the enablers that will bring us a new era.
For MDEX: we are as hardworking and innovative as if we were in DAY 1.
MDEX team
June 4, 2021
Last updated