Mandala Exchange Token (MDX)
Mandala Exchange Token (MDX)
Mandala Exchange Token (MDC) (Launched January 2021) is the native cryptocurrency token issued to power the Mandala Exchange platform and is being used as a utility token for exotic order types, trading competitions, giveaways, lifting fees, future/margin fee rebates, fiat onramp and as an access to Trading bots.[2]
History
The inception of Mandala Exchange began in 2017.
The concept began as a centralized, compliant digital asset exchange that would provide a secure trading platform for both individual retail and institutional traders alike.
The platform experienced some early setbacks and a strategic overhaul in 2019, which resulted in Mandala partnering with Binance Cloud to develop, Whitelabel, and host the exchange, which was eventually formally launched in December 2020.
Team
MDX team members
The Mandala Exchange, Founded in 2020, has a team harnessed with quality industrial experience dating back to the early days of the cryptocurrency and blockchain world in order to deliver a world-class trading platform.
The Mandala core Team member is comprised of the following:
Overview
Overview of MDX Token-Mandala Exchange
Mandala Exchange is a platform that aims to bring cryptocurrencies and financial assets within the sphere of blockchain assets to the 'every-day-people' via its relateable designed user interface and easy trading technology. The Mandala Exchange Token (MDX) will be used to help facilitate simple and more successful trades through user-friendly tools.
Offering the largest Liquidity pool in the world, the Mandala platform aims to empower beginner investors to learn while they trade using key technical indicators, big data, analytics, community strategies, fundamental analysis, and automated trading bots.
This innovative approach to trading is something that is not currently found in the fragmented exchange space.
In addition, users will be able to unlock premium features and receive discounts on various fees by utilizing the MDX token on the platform.
Tokenomics
Mandala Exchange Token (MDX) is a cryptocurrency token launched within the Mandala Exchange ecosystem and was issued atop the Binance Smart Chain. The token's ticker is denoted as MDX and it has a Total Supply of 400,000,000 MDX. $MDX has registered its All-Time High of $0.079106 USD on January 24, 2021, and an All-Time-Low of $0.02240831 USD on January 30, 2021. Currently, the most active market trading $MDX is Uniswap (v2) cryptocurrency exchange. Mandala ecosystem has created a dynamic trading environment whereby the Mandala Token (MDX) functions to provide Specialized trading capabilities, Referral rewards, and forTrading rebates.
$MDX Fee Rebates
Crypto Token holders holding MDX tokens, are to receive trading fee rebates per the tiered structure referenced within the platform.
Given below are the description of the token's rebates:
In order to receive trading fee rebates or unlock platform enhancements, the user must lock the required amount of MDX token in their Mandala Exchange wallet for a period of 30 days or greater.
After the 30-day locking period, users will receive their trading fee rebates via a credit to their Mandala Exchange wallet in the same currency in which the trading fees were originally collected.
Trading fee rebates will be paid on a rolling 30-day basis based on the user's locking period date.[8]
| Tier | 30 Day Locking Balance | Trading Fee | Rebate to User | Trading Fee after Rebate |
|---|---|---|---|---|
| 0 | 0 MDX | 0.10% | 0.00% | 0.10% |
| 1 | 20,000 MDX | 0.10% | 0.01% | 0.09% |
| 2 | 40,000 MDX | 0.10% | 0.02% | 0.08% |
| 3 | 80,000 MDX | 0.10% | 0.03% | 0.07% |
| 4 | 160,000 MDX | 0.10% | 0.04% | 0.06% |
| 4 | 320,000 MDX | 0.10% | 0.05% | 0.05% |