MCDEX has rebranded to MUX Protocol. For more details, kindly check out the official website here.
MCB

MUX ProtocolMCB

Rank #755
Token
On 6,727 watchlists

MUX Protocol Price (MCB)

$4.41
4.30%

0.0002693 BTC3.07%

0.003651 ETH1.12%

Low:$4.20
High:$4.55
24h
MCB  MUX Protocol MCB
Price:
$4.41
 4.30%
Market Cap
$8,183,912
4.30%
Market Cap / TVL Ratio
2.81
24h Volume / Market Cap
0.0084
Fully Diluted Market Cap
$44,137,691
4.30%
Total Value Locked (TVL)
$2,914,660
Volume
24h
$68,817
33.87%
CEX Vol
$64,311.45
DEX Vol
$4,505.75
Circulating Supply
1,854,177.55 MCB
19%
Max Supply
10,000,000
Total Supply
2,268,644

MUX Protocol to USD Chart

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MCB to USD Converter

MCB

MUX Protocol

USD

United States Dollar

MCB Price Statistics

MUX Protocol Price Today
MUX Protocol Price$4.41
Price Change24h+$0.1821
4.30%
24h Low / 24h High
$4.20 /
$4.55
Trading Volume24h$68,817.21
33.87%
Volume / Market Cap0.008409
Market Dominance0.00%
Market Rank#755
Total Value Locked (TVL)$2,914,660
MUX Protocol Market Cap
Market Cap$8,183,911.56
4.30%
Fully Diluted Market Cap$44,137,690.82
4.30%
MUX Protocol Price Yesterday
Yesterday's Low / High
$3.69 /
$5.13
Yesterday's Open / Close
$5.11 /
$4.22
Yesterday's Change

17.38%

Yesterday's Volume$103,539.08
MUX Protocol Price History
7d Low / 7d High
$3.69 /
$5.30
30d Low / 30d High
$3.52 /
$5.47
90d Low / 90d High
$3.18 /
$6.05
52 Week Low / 52 Week High
$1.56 /
$23.74
All Time High
Oct 17, 2021 (a year ago)
$67.86
93.50%
All Time Low
Oct 30, 2020 (2 years ago)
$0.9507
364.27%
MUX Protocol ROI

4.86%

MUX Protocol Supply
Circulating Supply1,854,178 MCB
Total Supply2,268,644 MCB
Max Supply2,268,644 MCB

MCB to USD Converter

MCB

MUX Protocol

USD

United States Dollar

MCB Price Live Data

The live MUX Protocol price today is $4.41 USD with a 24-hour trading volume of $68,817.21 USD. We update our MCB to USD price in real-time. MUX Protocol is up 4.30% in the last 24 hours. The current CoinMarketCap ranking is #755, with a live market cap of $8,183,912 USD. It has a circulating supply of 1,854,178 MCB coins and a max. supply of 10,000,000 MCB coins.

If you would like to know where to buy MUX Protocol at the current rate, the top cryptocurrency exchanges for trading in MUX Protocol stock are currently MEXC, Uniswap (V3), PancakeSwap (V2), Jubi, and Hotbit. You can find others listed on our crypto exchanges page.

What Is MCDEX (MCB)?

MCDEX is a decentralized exchange (DEX) for futures built on the Ethereum layer-two scaling solution Arbitrum and Binance Smart Chain. According to the MCDEX team, it is designed to prioritize censorship resistance, security, and self-custody. Trading is permissionless, meaning anyone can trade, provide liquidity, or create new markets at will. Instead of using a traditional order book model, MCDEX uses an automated market maker to provide liquidity for traders. This allows MCDEX to solve the liquidity problem by allowing anyone to provide liquidity and make a reasonable profit doing so. The protocol’s declared goal is to allow anyone to create perpetual markets and trade in them, which is why there are several market participants on MCDEX: AMMs, operators, liquidity providers, traders, keepers and delegators.

Who Are the Founders of MCDEX?

MCDEX was launched by Liu Jie, who used to be a developer at Chinese tech giant Baidu. He developed a distributed system and created a distributed database called Doris and a mining software called Minerbabe, a management tool for GPU mining. He launched MCDEX in 2019 and a V2 version in 2020, which was plagued by liquidity issues. The current V3 version is the latest iteration and backed by several renowned investors like Delphi Digital, Alameda Research, and Multicoin Capital. In addition to raising $6M from institutional investors in 2021, MCDEX also raised $1M from its community.

What Makes MCDEX Unique?

The V3 version of the MCDEX perpetual futures product launched on BSC and Arbitrum and allows users to enjoy excellent liquidity while paying minuscule fees. Users can trade up to 500ETH or 40BTC without any slippage with up to 25X leverage on Arbitrum. Moreover, they enjoy all features of centralized exchanges, such as stop-loss and limit orders. Trading is only possible through automated market makers.

Another unique feature is the permissionless creation of markets. The role of creating markets and setting the initial parameters, such as the margin rate and AMM risk parameters is fulfilled by operators. Operators also need to pay for or provide oracle services. By creating markets, they can profit from trades by charging management fees.

Another role is that of liquidity providers, who can provide liquidity to the AMMs. Liquidity providers benefit from trading fees at a fixed ratio, profits from spread and slippage, funding payments paid by traders, and liquidation penalties. The AMM design of MCDEX minimizes the risk liquidity providers take on in several ways:

  1. LPs can receive funding payments.
  2. The spread between the best ask and the best bid payment can be increased.
  3. The AMM may change prices to incentivize traders to take a contrarian position.

The final roles in the ecosystem are keepers, who can take over accounts with insufficient margin and liquidate accounts that fall below the margin. Delegators can operate accounts but cannot withdraw from them. The goal of delegators is to separate hot and cold wallets and realize the custody of trading strategies.

Check out dYdX (DYDX) — one of the most popular decentralized exchanges.

Check out Perpetual Protocol (PERP) — a decentralized exchange for trading futures.

Read our deep dive about decentralized liquidity pools.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many MCDEX (MCB) Coins Are There in Circulation?

The total supply of MCB is 10 million. The current circulating supply of MCB is 2.2 million. 10% of the total supply has been vested to the team, advisors, and investors according to the following split:

  • Dev Team: 484K
  • Advisors: 75K
  • Angel investor: 109K
  • Private token sale: 332K, Price 2.5USD/MCB

Daily MCB issuance depends on the protocol’s trading volume:

Daily Trading Volume: <= $8.7M - Daily MCB may be issued: 1,300, MCB for investors: 0

Daily Trading Volume: <= $10M - Daily MCB may be issued: 1,500, MCB for investors: 150

Daily Trading Volume: <= $40M - Daily MCB may be issued: 6,000, MCB for investors: 3,525

Daily Trading Volume: >= $46M - Daily MCB may be issued: 6,900, MCB for investors: 4,200

How Is the MCDEX Network Secured?

MCDEX has an ongoing bug bounty with Immunefi of up to $100,000. The protocol is DAO-governed and was audited by Quantstamp and Certik. After several months of testing, the MCDEX V3 was finally launched on Arbitrum and BSC. MCDEX is an ERC-20 token on Ethereum.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains for DAOs and is secured by a proof-of-stake consensus mechanism that requires miners to stake 32 ETH. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Arbitrum is a popular layer-two solution that works with optimistic rollups. These rollups take the bulk of the computational workload off the Ethereum mainnet, at the expense of vastly increased withdrawal times.

Where Can You Buy MCDEX (MCB)?

MCB is available on FTX, BKEX, Uniswap (V3), PancakeSwap (V2) and LBank.

Our most recent articles about MUX Protocol:

MCB to USD Converter

MCB

MUX Protocol

USD

United States Dollar

MCB Price Statistics

MUX Protocol Price Today
MUX Protocol Price$4.41
Price Change24h+$0.1821
4.30%
24h Low / 24h High
$4.20 /
$4.55
Trading Volume24h$68,817.21
33.87%
Volume / Market Cap0.008409
Market Dominance0.00%
Market Rank#755
Total Value Locked (TVL)$2,914,660
MUX Protocol Market Cap
Market Cap$8,183,911.56
4.30%
Fully Diluted Market Cap$44,137,690.82
4.30%
MUX Protocol Price Yesterday
Yesterday's Low / High
$3.69 /
$5.13
Yesterday's Open / Close
$5.11 /
$4.22
Yesterday's Change

17.38%

Yesterday's Volume$103,539.08
MUX Protocol Price History
7d Low / 7d High
$3.69 /
$5.30
30d Low / 30d High
$3.52 /
$5.47
90d Low / 90d High
$3.18 /
$6.05
52 Week Low / 52 Week High
$1.56 /
$23.74
All Time High
Oct 17, 2021 (a year ago)
$67.86
93.50%
All Time Low
Oct 30, 2020 (2 years ago)
$0.9507
364.27%
MUX Protocol ROI

4.86%

MUX Protocol Supply
Circulating Supply1,854,178 MCB
Total Supply2,268,644 MCB
Max Supply2,268,644 MCB