Announcement on the third halving of MDX and the adjustment of allocation of its transaction fee

Dear users,

MDEX gives back the participants maximum incentive under the help of a dual-mining mechanism comprised of liquidity mining and transaction mining. It realizes a self-driven ecological closed loop of value capture through buyback and destruction with a transaction fee. On the occasion of safe and smooth operation for nearly a year, MDX halved for the third time at 12:30 (UTC) on 2nd December 2021. Now, the sum of output on HECO and BSC is reduced from the previous 40 MDX to 20 MDX per block. Block height for halve on HECO is 10517460 and 13130005 for BSC

Meanwhile, to achieve sustainability, MDEX optimized the allocation of its transaction fee after a proposal with a proposal NO. 211125001 was initiated by the MDEX team and passed the referendum thru DAO. Under the proposal, the adjustment of allocation of transaction fee (0.3% of the transaction volume) is as follows:

All liquidity providers (Include liquidity pair formed by tokens that are not whitelisted): 0.2%.

Repurchase & destruction: 0.07%.

Boardroom reward: 0.03%.

MDEX will usher in new opportunities and will continue to work with more partners to promote ecological prosperity and development to benefit the holders of MDX, the future is bound to be better. Thank you for your support of MDEX!

MDEX team

02 Dec 2021

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

ICO Alert Report: indaHash

What’s the best crypto game of our time?

Announcing KOL Partnership with MoneyTime

ValiFi: The next-generation DeFi investment protocol

UP & COMING: GOVERNANCE THROUGH NFT’s

TOKENOMICS: A Case Study With The $CROWNS Token

ABOUT ASSURE WALLET

Understanding the SEC’s Recently Released Crypto Token Framework

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
MDEX Official

MDEX Official

More from Medium

INCUBATOR ANNOUNCEMENT

Partnership — prawdziwy_sukces

Welcome to the ViraVerse Protocol

HECO AMA Series Recap — Beyondfi