Mdex Reaches Market Cap of $1.74 Million (MDX)

Mdex (MDX) traded 2.3% higher against the US dollar during the 1-day period ending at 8:00 AM Eastern on March 30th. One Mdex token can now be purchased for approximately $0.0018 or 0.00000002 BTC on major exchanges. Mdex has a total market capitalization of $1.74 million and $693,162.84 worth of Mdex was traded on exchanges in the last day. Over the last seven days, Mdex has traded 8.2% lower against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.2% against the dollar and now trades at $82,923.13 or 0.99874674 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.7% lower against the dollar and now trades at $82,562.57 or 0.99440411 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Mdex Token Profile

Mdex’s launch date was November 14th, 2020. Mdex’s total supply is 1,060,000,000 tokens and its circulating supply is 950,246,937 tokens. The official message board for Mdex is medium.com/@mdexofficial. Mdex’s official website is mdex.co. Mdex’s official Twitter account is @mdextech and its Facebook page is accessible here.

According to CryptoCompare, “Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. It is similar in function to some DEXs on the market, but on this basis, it proposes and implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantages of the low transaction fees of the Huobi Eco Chain and the prosperity of the Ethereum ecosystem and supports the dual mining mechanism of liquidity and transactions.”

Buying and Selling Mdex

It is usually not possible to purchase alternative cryptocurrencies such as Mdex directly using US dollars. Investors seeking to trade Mdex should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Mdex using one of the aforementioned exchanges.

MDX/USD price chart by TradingView