| General information | |
|---|---|
| Global rank: | 932 |
| Name: |
Mdex |
| Symbol: | MDX |
| Current coin price (XOF): | 8.34 XOF |
| Last hour: | arrow_upward0.640 % |
| Last 24 hours: | arrow_downward-2.75 % |
| Last 7 days: | -1.29 %trending_down |
| Capitalisation (XOF): | 7 922 829 471.28 XOF |
| Volume 24h (XOF): | 156 649 392.13 XOF |
| Available supply: | 950 246 937.00 MDX |
| Total coin supply: | -1 MDX |
| Start date: | 2021-04-07 |
Mdex/CFA Franc BCEAO (MDX/XOF) price chart
Mdex/CFA Franc BCEAO (MDX/XOF) capitalisation and volume charts
Mdex Token (MDX):MDX is the native governance token of the Mdex platform. It can be used to vote on protocol developments, adjustments, and is essential for maintaining the decentralized nature of the platform. Like many governance tokens, MDX holders have a say in the future trajectory of the platform based on the number of tokens they hold.
Mdex Platform:Mdex is a decentralized exchange (DEX) that operates primarily on the Binance Smart Chain (BSC) and the Huobi ECO Chain (Heco). It integrates the functionality of swap, liquidity mining, and staking on its platform. This automated market maker (AMM) offers users an avenue to swap various cryptocurrency assets while providing liquidity providers the ability to earn rewards.
Beyond its governance utility, MDX tokens can be staked on the Mdex platform to earn rewards. These rewards are generally sourced from trading fees generated on the platform. Moreover, MDX can also be traded on the Mdex exchange and other platforms that support the token.