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What Does the future hold for MDEX after the Halving?

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On June 5, MDEX officially started its first halving. What changes will the halving bring? And what does it mean for MDX holders?

Before answering these questions, we can take a look at a typical example of cryptocurrency halving.

In 2012, Bitcoin halved for the first time, and its price skyrocketed over 84 times afterward; in 2016, Bitcoin halved for the second time, and rose 29 times afterward; Bitcoin’s most recent halving occurred in 2020, and the price peaked near $65,000 after that, which was also over 7 times higher than the $8,700 at the time of the halving. Investors have reached the consensus that havling means skyrocketing prices. Based on bitcoin’s halving history, we can try to predict how MDX will perform after halving.

MDEX currently produces 80 MDX per block, and each three seconds a new block is generated, which makes MDX’s daily output is 4.6 million (including both BSC and HECO chains). After the first halving, the output per block is reduced to 40 MDX, making MDX’s daily output reduced to 2.3 million.

MDEX adopts a “double mining mechanism” that combines liquidity mining and transaction mining. The advantage of this approach is that it can attract users to actively participate in transactions at the early stage of the project launch and thereby empower the platform with funds and traffic. However, there is also this problem that its token MDX has been facing increasing selling pressure in the secondary market, which is one of the reasons why the price of MDX’s tokens has been sluggish. The most direct effect of this halving is to reduce the selling pressure, making it easier to push up prices. In addition, it will also stimulate demand for MDX purchases.

Similarly, in the early days, Bitcoin production was high and mining difficulty was low, so users could easily obtain a large amount of Bitcoin, resulting in low purchase demand and low price. However, with the halving of Bitcoin, its production decreased, and the rising hash kept pushing up the mining difficulty, making it difficult for users to obtain more Bitcoin from mining. Users then started to choose to buy directly from the secondary market, thus driving up the price of bitcoin.

By the same token, on the one hand, with the halving of MDX, when the accelerated release period of MDX is over, it will become more and more difficult for users to obtain MDX through mining. While on the other hand, the IMO and community governance scenarios of MDEX will continue to expand the application scenarios of MDX. Users will have to buy MDX from the secondary market if they want to participate in MDEX activities, which also gives MDX another potential upward momentum.

The halving of MDX is based on the same logic as Bitcoin, but with a higher frequency– once every six months. Its daily production is reduced by half after each halving. In this way, in the first quarter of 2023 year, basically 80% of MDX will be mined out; with the reduction of production, the growth rate of MDX circulation will further decrease. The official MDEX repurchase and burn mechanism as well as the enhancement of community consensus, MDX will enter a new round of upward price change.

Intrinsic Mechanism Drives Up MDX’s Value

In addition to the halving, MDEX also uses other intrinsic mechanisms to drive up the value of MDX.

According to relevant rules, MDEX injects 30% of the daily platform revenue into the pending repurchase pool and automatically executes repurchase and burn when the smart contract is triggered by the repurchase price (72-hour MDX average price). From MDEX’s official website, MDEX has burned more than 6.4 million MDX on BSC and more than 42 million MDX on HECO, and the total repurchase amount is over $115 million according to the latest price of MDX.

MDEX’s “Burning Black Hole” campaign is another supplementary mechanism to accelerate the MDX deflation and further empower the value of MDX. In the Burning Black Hole campaign, MDEX will set aside 300,000 USDT per round to build a burning prize pool, and the rest pool is investments from MDEX users. There are three prizes set up in the campaign, the first prize Jupiler rewards users with 10% MDX from the prize pool; the second prize Saturn rewards users with 100,000 USDT, and the remaining users will share the 200,000 USDT remaining MDX in the prize pool. 90% of the MDX invested by users in the campaign will be burned.

As there are more transactions on MDEX, the transaction fee may also continue to increase, which means an increased number of MDXs will be burned; according to the data on MDEX’s official website, the first round of the Burning Black Hole capaign has burned a total of over 400,000 MDXs. If the campagin took place on a daily basis, the average daily MDX burn would be doubled. Along with the regular repurchase and burn mechanism. it will enable MDX to enter the deflationary stage in advance. That is, the daily MDX output wil be less than the daily MDX burned. This deflation will in turn increase the speed of MDX appreciation.

A horizontal comparison with DEXs

Let us now horizontally compare MDEX with other mainstream DEX:

Project lock-up volume daily transaction volume Total market value
Uniswap 6.6B 1.12B 27B
Sushiswap 3.9B 0.56B 3.02B
Pancake 8.1B 0.75B 5.61B
MDEX 4.01B 2.50B 2.46B

Data source: DeBank

From the table, it can be seen that, at present, the lock-up volume of MDEX is about 1/2 of Pancake, 2/3 of Uniswap, and basically at the same level as Sushiswap. But its average daily transaction volume of $2.5 billion is far ahead of the other three DEXs, and even higher than their sum. However, in terms of the market cap of MDX in circulation, it is only 1/11 of UNI and less than 1/2 of CAKE. Therefore, if the valuation logic is similar, then MDEX is just beginning to discover its value.

The above comparison of mainstream DEX shows that, in terms of total liquidity, MDEX is still somewhat lagging behind the current DEX leaders. But considering that MDEX has been online for the shortest time, its growth history is not comparable to Uniswap that has been in the DEX mark for years, or to Sushiswap and Pancake that have experienced DeFi hot and a bull market. In this sense, MDEX’s achievements in lockup volume and market capitalization are worth celebrating.

The highlight of MDEX is its transaction volume. With the support of transaction mining, its daily transaction volume has been far ahead of other head DEXs, and its growth is even more breathtaking. With the help of the upcoming halving, MDEX will give full play to the virtuous cycle of the repurchase and burn mechanism and dual-mining mechanism, which will bring MDEX a much broader future.

From the development history of DEX, it took Uniswap 840 days to increase the cumulative transaction volume from 0 to 100 billion, while MDEX accomplished the same result in just 50 days. If MDEX continues its current momentum, it will maintain a steady growth in locked positions with the development of the DeFi market, and enhance its transaction volume with the help of the dual-mining mechanism. The existence of repurchase and burn mechanism and the forthcoming having will further empower MDEX to secure a unique place in leading exchanges. Correspondingly, the value of its token MDX is still estimated to have the potential of more than several times of growth.

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Billionaire Plus Let’s People Live their Fantasy in the Metaverse. IDO Set to Launch in December

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Billionaire Plus is a complete real estate metaverse blockchain game that incorporates 3D and VR technology for an immersive experience to buy, sell and trade for their dream lifestyle. They are supported and invested by X21 Digital, Lavender Capital, Fish DAO, Avalon Wealth Club, the Maven Capital, Unanimous, 2CRZ NFT, DCI, Fairum Ventures, Legion Ventures, Alphamoon with the other individual backers. Their platform is also going to launch its native $BPLUS token through an IDO on Roseon Finance, Enjinstarter in mid-December.

Toronto, Canada, 1 Dec 2021, Blending traditional board style gaming with crypto and metaverse, Billionaire Plus is a GameFi platform where users can own NFT backed avatars and buildings, allowing them to customize complete cities as they stake and earn to achieve their dreams. Unlike most other GameFi platforms that lose their appeal over time, Billionaire Plus will help to sustain the interest as it not only lets people play to earn but understand basic investment strategies such as estimating the best times to make trades.

Metaverse Estate Tycoon

Monopoly is perhaps one of the best-known board games around today. Centered on hours of fun and entertainment, the concept is to build your modern real estate empire and earn from the different buildings and properties. Billionaire Plus takes that concept and brings a much larger version of it in the shape of a whole metaverse where users can build complete cities. It is not the only building or virtual construction that players can do, but they can buy, sell and trade their properties and time their trades just right to make money.

Each option that is exercised comes with the chance to increase holdings. On top of that, all in-game items, be it the characters (avatars) of the players or the land/building they own, are represented by NFTs. The more unique the avatars and properties are, the more valuable they become which can then be sold for profits as NFTs.

Metaverse, Meta Features

As a GameFi platform, Billionaire Plus offers a blend of a traditional game board and DeFi to create a completely new class of blockchain gaming:

  • Staking: Stake your $BPLUS tokens and earn NFTs.
  • Farming: Take part in different matches and farm to receive $KOB and $BPLUS.
  • Mine: Create a collection of NFT items (characters, buildings and other in-game items to mine tokens.
  • Marketplace: Buy, trade or sell NFTs
  • Build to Earn: Construct buildings on your land to increase your winnings.
  • Socialize to Earn: Make an impact and aggregate followers. The more you have, the more winning chances increase.
  • Challenges: Enter another player’s property to challenge a game to win. Alternatively, people can enter your property and if you defeat, you earn.

$BPLUS: Token for Billionaires

$BPLUS is the utility token for the Billionaire Plus ecosystem and is limited to only 10 billion in totality. The IDO is set in mid-December and will see 300 million made available for the public. 

Billionaire IDO will also come with an anti-dumping mechanism, with only half of the acquired tokens released at the TGE to all participants. The rest of the tokens will be released in two stages of 25% per month. This is designed to stop large volume players from selling off their tokens at profits and protect the long term viability of the project and other investors’ money.

Billionaire Plus is backed by X21 Digital, Lavender Capital, Fish DAO, Avalon Wealth Club, the Maven Capital, Unanimous, 2CRZ NFT, DCI, Fairum Ventures, Legion Ventures, Alphamoon with the other individual backers for marketing and growth hacking. To know more about the Billionaire Plus metaverse and GameFi platform, visit their website and whitepaper

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Devia8 Launches on PancakeSwap Today after Successful Pre-Sale

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The All-in-One DeFi Platform Also Announces Upcoming Features

1st of December 2021 – Devia8, the world’s first AIO platform, launches today on PancakeSwap following a successful pre-sale. The event took place yesterday on on PinkSale, where investors were able to buy 554,525 Devia8 tokens for only 1 BNB.

Additionally, Devia8 announces the imminent release of its trademark features, which should provide users with a gateway to all things DeFi.

Devia8 aims to bridge the gap between CeFi and DeFi with an extensive suite of financial tools. Furthermore, it seeks to provide services for both expert and beginner crypto users. Lastly, it plans to give people more control over their finances than the centralized money management system offers. 

Its native token by the same name will provide both utility and stability in the growing Devia8 ecosystem. Interested investors can purchase it through PankaceSwap starting December 1st at 18:00 UTC. The platform will be supporting Ethereum & Binance Smart Chain Blockchains. 

Those looking for quick immersion in decentralized finance can opt for Devia8’s services. The all-in-one platform features a DEX, advanced analytics, automated trading, and a scam protector. Additionally, it provides crypto farming and staking, a non-custodial wallet, real-time audits, and a DeFi portfolio tracker. These are just a few of the many Devia8 features. The team will announce more in the weeks to come here.

About Devia8

Devia8 is a blockchain-based platform looking to provide a comprehensive suite of DeFi services. Its name is pronounced as “de-vi-ate.” It explains the project’s ambition to offer different opportunities than similar industry platforms. A three-tier structure and an anti-bot feature will provide fair advantages to all investors, regardless of their experience.

The Devia8 team is available at:

Devia8 Website

Devia8 Twitter

Devia8 Telegram

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Fairies Finance Announces Successful KYC and Audit as Presale Date Nears

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Chennai, India,  Fairies Finance is announcing the successful audit and KYC of its smart contracts. The platform had mentioned the start of the audit and KYC through their social media pages. Following the successful audit, Fairies Finance network now has the go-ahead to start its Presale soon on the Pinksale Launchpad.

Fairies Finance Audit Report Released

Today, Watchtower released the Fairies Finance  audit report on Github, which indicated that the Fairies Finance network is ready for business. The Watchtower blockchain and smart contract auditing network began the audit in November.  

According to the report, the Watchtower implored a wide array of tests to test for DOS and other gas-connected attacks. The audit checked in-depth on various aspects of the projects, from the token, the taxing, and other vulnerabilities. 

After the audit process, Fairies finance announced no high severity issues. The absence of high severity issues is good for the project since it means they can protect investor security. But, Watchtower identified other medium and low severity issues. The medium severity issues noted in the Fairies Finance smart contracts are common, especially for reward contracts. 

Other low severity issues were noted in Fairies Finance, including a high distributor’s gas limit capped at 500000. The above means if BNB prices increase, the gas fees will go higher than rewards.  All in all, Fairies Finance investors should be able to work with the minor issues noted with smart contracts. 

Fairies Finance KYC Report 

Fairies Finance also announces the release of their KYC scan report. KYC scanning mainly focuses on the team behind the project. In KYC, the scanner looks at the team, checking for any money laundering connections. If one team member has money fraud issues, the entire project could be at risk.  

According to Fairies Finance, Pinksale conducted the KYC scanning of their team. Pinksale did not discover any issues connected to the team. 

The Presale Launching Soon

After the audit and KYC, Fairies Finance is announcing its Presale, which will start soon. The network has a native token dubbed Fairies, which will power the services offered within the platform. 

Fairies Finance is inviting investors to participate in its Presale event, which will begin on 1st December 2021 at precisely 08:19 UTC. The Presale is less than 48 hours away. The fundraising event will run till 10th December at 16:40 UTC. The Presale could be cut short if the network hits the hard cap early. 

The Pinksale Finance Launchpad will host the Fairies presale. Fairies Finance targets to raise a 350 BNB softcap or 700BNB hardcap. Each participant can only purchase a minimum of 0.1 BNB or a maximum of 5 BNB.

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Gopinath S

Official Email: gopi@fairies.finance

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