MDEX is an automatic market-making decentralized exchange (DEX) that uses a fund pool to provide users with increased liquidity. The platform utilizes a mix-chain model based on the Heco Chain and Ethereum, combining the low transaction fees of the Huobi Ecological Chain (Heco) with the liquidity of Ethereum. The platform's main features include liquidity mining, dual mining, token swaps and automated market maker.
Nate Flanders and Anant Handa first thought of creating a crypto exchange in late 2017. However, MDEX launched only in late January 2021. Flanders is the current MDEX CEO, while Handa is its CSO.
Nate graduated from the Florida State College, Jacksonville, with a degree in Business Administration, Management, and Operations. He has headed a number of organizations, including founding ResQ, co-founding the startup Crypto Coin Trader, and being the President of the popular bitcoin and altcoin price alert application, Bitwatch.
His partner, Anant, holds a Bachelor of Science degree in Chemical Engineering from Purdue University and an MBA from Columbia University Business School. He was the Projects Control Engineer at ExxonMobil Development Company, an Investment Banking Associate at Credit Suisse, a product manager at Apple, and the advisor and COO at Panda Analytics.
The platform became open to public access on January 6, 2021. Its transaction mining and liquidity mining launched on the same day. In September 2021, it rolled out its DAO governance feature. On October 8, 2021, the DEX became available on the Ethereum blockchain.
The company has its primary headquarters in Singapore.
According to the company’s website, it has restricted IP access from Canada, Singapore, China (including Hong Kong, Macau, Taiwan), and North Korea.
The exchange platform currently lists 55 cryptocurrencies, with zero fiat currencies and trading pairs.
MDEX charges a 0.3% transaction fee on all trades.
The DEX does not support margin trading on spot markets. However, in October 2022, it launched a USDT-margined perpetual trading feature in collaboration with the on-chain derivatives platform ApolloX Finance.
| Steps | How it works |
|---|---|
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| Promoting Products/Services | You then promote the products or services through various channels, including blogs, websites, email newsletters, or social media platforms. |
| Earning Commissions | When someone clicks on your affiliate link and completes a desired action (such as signing up), you earn a commission like a fixed fee per conversion or by percentage of transaction volume. |
| Tracking and Analytics | You can see metrics such as clicks, conversions, and commissions earned. This enhances your marketing campaigns and generates better results. |
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