Mdex (HECO)

What is Mdex?

MDEX operates as a decentralized platform facilitating cross-chain transactions, with deployment on Binance Smart Chain (BSC), Huobi Eco Chain (HECO), and Ethereum. It holds top positions in DEX rankings according to both CoinMarketCap and CoinGecko in terms of transaction volume and Total Value Locked (TVL). MDEX's primary goal is to leverage the strengths of various blockchain networks, creating a high-performance compound DEX ecosystem.

The platform employs a dual mining mechanism, combining liquidity mining and transaction mining, to offer participants maximum rewards. MDEX is currently accessible on Heco and BSC, and users can utilize the MDEX Bridge for seamless cross-chain transactions spanning Heco, Ethereum, and BSC.

Dedicated to establishing a comprehensive DeFi platform that integrates Decentralized Exchange (DEX), Initial Miner Offering (IMO), and Decentralized Autonomous Organization (DAO), MDEX provides all-in-one liquidity services for high-quality assets. The platform strives to deliver a secure, reliable, diversified, and cost-effective transaction experience for users. MDEX stands out by offering fast, diverse, and economical cryptocurrency transaction services.

Mdex's Vision

MDEX endeavors to integrate the advantages of multiple chains, establishing a high-performance compound DEX ecosystem. The dual mining mechanism, incorporating liquidity mining and transaction mining, ensures participants receive maximum rewards. The repurchase and burn of MDX transaction fees enable the platform to achieve a closed, self-driven ecological loop for value capture.

The platform is committed to delivering comprehensive liquidity services for a broader range of high-quality assets, ensuring users experience a secure, reliable, diversified, and cost-effective transaction environment. MDEX plans to construct a new business ecosystem encompassing various application scenarios and interconnected chains. The ongoing expansion of application scenarios aims to lower the usage threshold, providing global users with more convenient, high-performance, low-cost, and non-differentiated crypto-asset financial services. This approach seeks to realize fair asset pricing, instant transaction settlement, and the unrestricted flow of values.

Mdex's Offerings

MDEX currently encompasses 3 primary sectors: Swap (inclusive of transaction mining), Liquidity mining, Boardroom:

1. Swap (including transaction mining): MDEX supports a wide range of token transactions on both HECO and BSC. In addition to providing deep, rapid, and diversified transactions, users can receive transaction fee subsidies during the transaction process. It's important to note that not all trading pairs are eligible for transaction fee subsidies. For the specific list of trading pairs, please refer to the Transaction Mining section.
2. Liquidity mining: Users can earn MDX token rewards by staking Liquidity Provider (LP) tokens after adding liquidity on HECO or BSC. Similar to transaction mining, not all trading pair transactions qualify for token rewards. For the specific trading pair list for liquidity mining, please check the Liquidity Mining section.
3. Boardroom: The Boardroom facilitates LP and single-token staking to earn MDX rewards. These rewards are acquired and distributed by the project party through the secondary market. To identify specific trading pairs eligible for participation, please refer to the Boardroom section.

Other features of Mdex:

• Bridge: Utilizing the MDEX Bridge, users can seamlessly conduct one-click cross-chain transactions. Detailed tutorials on how to perform cross-chain transactions can be found by clicking on "How to conduct cross-chain."
• DAO: DAO governance provides users with the authority to directly or indirectly influence the development of the ecosystem. Users participating in the MDX boardroom lock-up (with options for 30 days, 90 days, 180 days, and 365 days) can manually collect vouchers (xMDX) on the boardroom staking page. Holders of lock-up vouchers have the right to participate in IMO, director elections, director voting, community proposal voting, and other governance activities.

Mdex Team Background and Partners

In late 2017, the idea of establishing a cryptocurrency exchange first crossed the minds of Nate Flanders and Anant Handa. However, MDEX was officially launched in late January 2021. Currently serving as the CEO of MDEX, Nate Flanders brings with him a degree in Business Administration, Management, and Operations from Florida State College, Jacksonville. His professional journey includes leadership roles such as founding ResQ, co-founding the startup Crypto Coin Trader, and holding the position of President at Bitwatch, a popular bitcoin and altcoin price alert application.

Anant Handa, the Chief Strategy Officer (CSO) of MDEX, holds a Bachelor of Science degree in Chemical Engineering from Purdue University and an MBA from Columbia University Business School. His diverse career includes roles as a Projects Control Engineer at ExxonMobil Development Company, an Investment Banking Associate at Credit Suisse, a product manager at Apple, and an advisor and COO at Panda Analytics. Despite the initial contemplation in 2017, MDEX became operational under their leadership in early 2021.

Mdex's cooperative partners are: Houbi Eco Chain, Debank, TokenPocket, iToken, BitKeep, CoinWind, Poly Network, SafePal, WhatsCoin, CoinGecko, Binance Smart Chain, HyperPay, KingData...

Mdex Project Development

On June 16, 2023, MDEX officially introduced the Cross-Chain Bridge feature and successfully deployed the MDX token on the Ethereum (ERC20) network. The specific details are outlined below:

MDX Cross-Chain:

• Supports cross-chain functionality between HECO and Ethereum.
• Supports cross-chain functionality between BNB Smart Chain and Ethereum.
• Does not support cross-chain functionality between HECO and BNB Smart Chain.
• HMDX tokens on BNB Smart Chain can be bridged to HECO through the cross-chain bridge.

Binance Exchange Support: Currently, Binance exchange facilitates the deposit and withdrawal of MDX on BNB Smart Chain and Ethereum (ERC20) exclusively.

Mdex (HECO) Price Analysis

As of May 9 2025 Mdex (HECO) has a marketcap of $2.4M. This is {{percentagefromath}} from its all time high of $10.11. In terms of its tokenomics, there's a total supply of 1.1B with 90% currently outstanding. Keep in mind Mdex (HECO) has a fully diluted value of $2.7M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.