MDEX

What Is MDEX?

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.

Who Are the Founders of MDEX?

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.

When Was MDEX Launched?

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.

Where Is MDEX Located?

The company has its primary headquarters in Singapore.

MDEX Restricted Countries

According to the company’s website, it has restricted IP access from Canada, Singapore, China (including Hong Kong, Macau, Taiwan), and North Korea.

What Coins Are Supported on MDEX?

The exchange platform currently lists 55 cryptocurrencies, with zero fiat currencies and trading pairs.

How Much Are MDEX Fees?

MDEX charges a 0.3% transaction fee on all trades.

Is it Possible To Use Leverage or Margin Trading on MDEX?

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.