MCDex

Overview of MCDex

  • MCDEX’s roadmap includes structured funds, enabling new strategies for inexperienced users, and a native MCB token (initial release expected in Q3 2020) is designed to align the protocol stakeholders, govern the protocol, capture value and fund user incentives like liquidity mining.
  • Mcdex is being used in the management of acute and chronic painful disorders like osteoarthritis (type of arthritis), Rheumatoid arthritis (type of arthritis caused by autoimmune disorder), ankylosing spondylitis (arthritis that affects spine).
  • MCDEX is a fully decentralized perpetual swap exchange providing users to long or short assets at leverage without exposure to any other cryptocurrencies other than the underlying asset.
  • MCDEX’s difference is that perpetual contracts have no expiration date, and are soft pegged against an index, which is supposed to make them less biased than normal future contracts.
  • ⚠️MCDEX recommends that users trade with the order book and smart contracts to trade using the AMM. So if you’re human trade with the order book!
  • MCDEX has closely monitored DeFi’s changing dynamics and identified a large market demand for improved infrastructure in decentralized derivatives.
  • MCDEX price Index provides the latest MCB price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • Mcdex must not be used by patients with Active peptic ulcer, history of recurrent ulcerations, and Aspirin/anti-inflammatory induced allergy.
  • MCDEX currently only allows leverage of up to 4.8x, which is far below the 100x seen in BitMEX and Binance’s Futures trading platforms.
  • MCDEX’s first Perpetual Contract, ETH-PERP, was recently launched live on the Ethereum mainnet with the following features:
  • Blockchain

    For us to understand how MCDEX solves these problems, let’s look at the aims and features of MCDEX.Since the market of derivatives faces such challenges, MCDEX has come up with a solution to problems by the use of Mai protocol, which is based on the ethereum blockchain.

    Mine

    “DeFi came to our mind, so we developed MCDEX on the side.”“We had to develop something to ensure the security of hashrate futures contracts,” he said.In China, Liu is well known as a “technology believer 技术信仰者.” He started MCDEX while working on his previous startup Minerbabe, software that optimizes graphics cards for miners.

    Network

    As with most DeFi infrastructure today, MCDEX is based on the Ethereum network.

    Support

    In addition, operators will be able to query other oracle scripts for traditional equities and stock or even create a custom decentralized oracle on BandChain to support their needs with ease.MCDEX V3 allows anyone to permissionlessly create any perpetual market for an asset by setting an underlying asset and risk parameters.This means that operators, creators of new perpetual markets on MCDEX, will have the ability to leverage the full extent of Band Protocol oracles, scalability properties to adequately support perpetual markets, and the significant data availability that follows through the Band Standard Dataset which supports over 150+ feeds for crypto assets, foreign exchange and commodities.

    What is MCDEX?

    MCDEX is on a mission to make investing in perpetual contracts easier by building a secure and easy-to-use decentralized financial platform.The first product is a fully decentralized perpetual contract ETH-PERP with up to 10x leverage.Traders can long/short ETH with ETH, no need to hold any other cryptocurrencies.MCDEX’s Mai Protocol v2 utilizes an off-chain order book / on-chain AMM hybrid model.The AMM provides on-chain liquidity entrance for other smart contracts and the order book provides better liquidity to trade, with similar trading experiences on a centralized exchange.MCDEX has a -0.025% maker fee and 0.075% taker fees.MCDEX has been audited by OpenZeppelin and Consensys Diligence.MCDEX’s roadmap includes structured funds, enabling new strategies for inexperienced users, and a native MCB token (initial release expected in Q3 2020) is designed to align the protocol stakeholders, govern the protocol, capture value and fund user incentives like liquidity mining.

    How does Mai protocol operate?

    The primary purpose of the Mai Protocol is to calculate the funding rate.As you are aware, the goal of the funding rate is to balance the long and short orders when there is high demand.It deviates from moving the order book directly on-chain to calculate the funding rate.This is because moving the order book directly on-chain is inefficient and increases the cost of placing and cancelling orders.This could also lead to less liquidity.

    What is MCDEX?

    MCDEX is an exchange token of MonteCarloDEX which claims to be a decentralized derivatives exchange for trading perpetual and futures contracts.

    Accidentally trasfered ETH to MCD is there anyway to recover it?

    Did a mistake by transfer ETH to MCD is there anyway to recover it.Was trying to transfer BEp20 to ERT20 but typed in the wrong adress.

    What is MCDEX?

    MCDEX is a decentralised trading platform for cryptocurrency derivatives.It is based in China.MCDEX is the first cryptocurrency trading exchange that has added perpetual markets on its platform.

    How to use MCDEX?

    Navigate to MCDEX , connect your wallet (MetaMask, TREZOR, Ledger, WalletConnect) and then begin trading.

    What is MCDEX?

    MCDEX is a decentralized trading platform for perpetual swaps and futures on Ethereum.The mission is to make investing in DeFi more accessible by providing financial services for users with different risk appetites.

    History of MCDex