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How is MDX committed to optimizing transaction experience and building a prosperous ecosystem of MDE

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3 years ago

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In February this year, Mdex became the dark horse among diversified DeFi projects. Thanks to its multiple user incentives, Mdex achieved high performance in TVL and user transactions at the beginning of its launch, overtaking Uniswap and PancakeSwap, securing “double championships”.

At first, MDEX’s high TVL and transaction volume were not convincing to the users who believe these impressive data performances were mainly achieved by strong user incentives. However, this is nothing but a misconception. MDEX at present stills manages to stay on the top ranking in terms of these two indicators and even are on par with PancakeSwap and Uniswap after it greatly reduced user incentives.

Official statistics from Mdex show that in July, a dismal month for the overall crypto market, Mdex’s transaction volume exceeded $25 billion, with an average daily volume reaching $812 million. The total number of users surpassed 4 million, while the total rewards distributed to Mdex users amounted to $95 million.

According to Coingecko’s data, based on its daily transaction volume of $800 million in July, Mdex would rank second in DEX or top ten among CEX, overtaking the well-known exchanges such as OKEX, given the current market momentum.

As the chart below shows, MDEX remains very stable in terms of its transaction volume, immune to the reduced revenue from transaction mining. Pancake’s transaction volume, on the other hand, is less strong than that of MDEX.

Meanwhile, MDEX experienced a steady rise in the total number of transactions, which reflects higher user activity, albeit a far cry from Pancake. However, such a gap is quite normal considering the much stronger ecology of BSC compared to Heco which is Mdex’s main battleground.

With a stable data performance, MDEX firmly secures its leadership in the DEX field. This encourages us to think about other reasons for Mdex’s strong momentum: user loyalty does not come from financial incentives, but rather the good transaction experience offered.

Mainstream DEXes employ the AMM model for on-chain transactions, which have solved the problems of insufficient liquidity, difficulty in finding token pairs, troublesome procedures and high transaction fees. The aim to make on-chain transactions faster and more convenient becomes the single spark that can start the fire of the Defi prairie as it can unleash the potential of liquidity mining and help projects to rapidly gather a certain level of liquidity at their early stage.

However, every coin has its two sides. While users enjoy the convenience offered by the AMM model, they have also lost some initiatives, since they don’t have access to market information, and can’t trade at their desired price.

To address this issue, Mdex first introduced the Markets function through a professional market charting tool TradingView. This newly launched function allows users to view price movements and transaction depth, etc when trading on MDEX, thus greatly improving users’ initiative in performing transactions.

And recently, Mdex has taken a further step by introducing the service of pending order transactions to make transactions easier for users. Currently, mainstream DEX projects commonly suffer from a poor user experience that is caused by the low depth of pending orders and limited transactions. Most Defi users therefore still need to go to CEX for pending order transactions. MDEX has solved this issue by innovatively combining the depth of pending order transactions with that of the liquidity pool, a strategy that can greatly enhance user experience, thus avoiding the situation in which no transaction is reached due to the low depth of pending order.

With strong user incentives, Mdex has established good transaction depth and liquidity, and stills aims to further improve users’ transaction experience. The Markets function and pending order transaction enable Mdex users to enjoy both the security of DEX and the convenience of CEX. These two steps are the very exemplar of Mdex’s deep commitment to its transaction products.

In addition, Mdex has more to offer. Aside from enhancing user transaction experience, Mdex is slowly growing from a DEX to a prosperous ecosystem. The IMO and the $30 million Hunter plan are already underway; derivatives and stablecoins are being developed as scheduled. The upcoming DAO will also contribute to the growth of the Mdex ecosystem.

As an open platform, the establishment of DAO will encourage the autonomy of the MDEX. This means that Mdex holders will be able to submit proposals, vote for governance, and decide on both major and minor matters for Mdex governance, injecting more vigor for MDX.

To participate in the governance of Mdex, users first need to stake MDX in the Mdex Boardroom to obtain the voting and governance right before they can participate in voting for governance to decide on a number of matters ranging from adjusting Mdex’s mining pools and using the ecological fund, to selecting cooperation projects and even changing the development direction.

MDEX also plans to reward users with equities for their participation in DAO governance. MDEX will soon launch the election plan for board members, and 21 super directors will be elected through MDX voting. The elected board members will enjoy rights to initiate proposals and receive high revenue dividends, while users can participate in the governance of Mdex through voting and get corresponding rewards.

It is worth noting that Mdex is currently developing in multiple chains, and stakers of MDX, regardless of the chains they trade, can enjoy governance rights over across Mdex’s ecology, including future products.

Another long-term benefit for MDX community and its token holders is that MDX will soon launch its second halving on September 2, during which MDX output will be reduced to 20 pieces per block. This means MDEX will enjoy an even lower inflation rate. This, accompanied by an increase of MDX application scenarios, will eventually propel the outstanding market performance of MDX, on the basis of a good user base and diversified qualified products.

Currently, Mdex is on par with Uniswap and PancakeSwap in terms of certain important data performances but the market value of MDX is much smaller than the other two. This means that MDEX still has lots of potentials to unleash. At the same time, Mdex also enjoys broad application scenarios in the future. It can be said that MDX boasts a very promising investment prospect that is worth waiting for.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

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1 day ago

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November 23, 2024

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

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1 day ago

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November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

1 day ago

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November 23, 2024

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DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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