Connect with us

Press Release

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

Published

on

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.

About Author

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.

Continue Reading

Press Release

THORChain (RUNE) Could Become the #3 Crypto by Market Cap

Published

on

THORChain (RUNE) has emerged as one of the top-performing decentralized exchanges (DEXs) in recent months, showcasing remarkable growth. The swap volume on the exchange surged by 186% in March and is up an impressive 1,532% since March last year.

THORChain stands out as the first DEX capable of swapping layer 1 Bitcoin for other layer 1 tokens without using wrapped tokens. This innovative approach allows users to swap Bitcoin with thousands of different cryptocurrencies directly from a self-custody wallet, eliminating the reliance on centralized exchanges (CEXs).

One of the key drivers behind RUNE’s performance is the introduction of a new feature on THORChain called streaming swaps. This feature breaks down large orders into numerous small swaps, significantly reducing the overall cost of the swap compared to executing it in a single transaction. As a result, THORChain has become the most cost-effective platform for swapping Bitcoin compared to CEXs, leading to a surge in trading volume and subsequently, the price of RUNE.

With its decentralized nature, THORChain has the potential to achieve trading volumes surpassing those of major exchanges such as Binance and Coinbase. CZ, the founder of Binance, has even expressed his belief that DEXs will outgrow CEXs in the coming years, which is why Binance invested in Trust Wallet. The integration of THORChain into Trust Wallet further solidifies the potential for THORChain to surpass Binance.

During the 2021 bull market, Binance (BNB) rose to become the #3 cryptocurrency by market cap. Similarly, when Coinbase (COIN) went public in 2021, its market cap relative to the crypto sector positioned it at #5. Both remain in the top ten today. If DEXs become larger than CEXs, THORChain could surpass Binance and Coinbase, becoming the next top ten cryptocurrency by market cap and even claiming the #3 spot.

To seize this promising opportunity, Youxia Crypto has launched its flagship fund, exclusively dedicated to investing in the RUNE token. The fund uses these tokens to operate nodes on the THORChain network, offering investors the potential for capital gains through the appreciation of the RUNE token, as well as the opportunity to earn yield through node operations.

For more information, visit Youxia Crypto’s website.

Contact:

Website: https://youxiacrypto.com/

Company Name: Youxia Crypto

Contact Name: Kenton Toews

Country Name: Cayman Islands

Email: [email protected]

About Author

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.

Continue Reading

Press Release

Redefine your style with the best in the business: designer shoes and clothing

Published

on

With the ever-changing fashion scenario, we are often not sure what is trending and what has begun to lose its charm, but there are certain products, accessories, and clothing essentials that remain the talk of the town for a long. Therefore, at our store, we make sure to reach out to clients who are hoping and longing for the right ladies’ wear, accessories, and a lot of other aspects that help you to stand out from the rest.

No matter if you are looking for Schoffel for your shooting wear range or looking for R.M. Williams designer wear shoes and accessories we bring forth the accessories that has been the talk of the town.

We bring to you R.M. Williams, the legendary Australian brand renowned for its exceptional craftsmanship and iconic designs, proudly announces the launch of its latest collection, blending timeless heritage with contemporary innovation.

For over 90 years, R.M. Williams has been synonymous with quality, durability, and unmistakable style. With a rich heritage rooted in the rugged landscapes of the Australian outback, the brand has continuously evolved while staying true to its distinctive ethos.

The new collection pays homage to R.M. Williams’ heritage while embracing modern sensibilities, offering a diverse range of apparel, footwear, and accessories meticulously crafted to the highest standards.

 From classic leather boots to versatile outerwear and refined accessories, each piece reflects the brand’s commitment to excellence and enduring appeal. Check out the details of a new collection that brings about a divine sense of style in every individual and helps you create a look that you have been edging for.

At Elm of Bur ford, we are inching towards a fashion that is more durable, sustainable and reliable and therefore, our offerings include Schoffel. Where style meets innovation enabling and introducing the unique sense of style where you could shop some of the most trending and stylish outdoor and innovative wear.

Schoffel, the renowned name in outdoor apparel, proudly announces the launch of its latest line of adventure-ready clothing. With a commitment to excellence and a passion for the great outdoors, Schoffel’s newest collection combines cutting-edge technology with unparalleled craftsmanship, catering to the needs of adventurers worldwide.

Crafted with precision and expertise, the new Schoffel collection embodies the brand’s ethos of quality, functionality, and style. Whether scaling mountain peaks, traversing rugged terrain, or exploring urban landscapes, Schoffel’s apparel is designed to meet the demands of every adventure enthusiast.

“We are thrilled to introduce our latest collection, designed to empower adventurers to embrace the spirit of exploration with confidence,” at Schoffel. “With a focus on quality, innovation, and sustainability, we are proud to offer apparel that not only performs exceptionally but also reflects our dedication to the planet.”

From Schoffel to Akubra from one country side style and fashion to another. Take a look at what could help you to style, remain fashionable and also sustain the natural look of Australian country style.

You can find the largest and the most diverse range of Akubra hats that are rustic, lightweight, tough, and resilient in style. However, what makes them distinct is not only their durability and sustainability but also their versatility, where you could look forward to wearing them on any occasion and in any style.

For all those people who are willing to choose our wide range of hats you could choose from unisex hats and could look forward to expert advice for fitting and other recommendations on the hats.

Look out for the new collection in hats that help our customers to stylized their complete look and give a new meaning with the oldest accessories in your wardrobe known as hats.

Check out the new stock, something that enables our customers to get in the best-suited style and choose one of the wisest and sanest fashion senses offered at our store from leading Australian brands that have been part of the world.

Get into the details of the stock that has been awaiting at our stores, which captivates the style and gives you the true sense of Australian extravaganza. Giving you the right look that will become the talk of the town this season.

https://elmofburford.com/ 

Media Contact

Brand Name: Elm Of Burdford

Contact Person: Alex Bennet

Email: [email protected]

Phone: 01993 824004

Country: United Kingdom

Website: https://elmofburford.com/ 

Social Handles: 

https://www.facebook.com/elmofburford

https://www.instagram.com/elmofburford/

https://twitter.com/ElmofBurford

https://www.pinterest.co.uk/elmofburford/

https://www.linkedin.com/company/elm-of-burford-ltd/

https://www.youtube.com/channel/UCTpfJA1ooaswK3y3WICYBUQ

About Author

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.

Continue Reading

Press Release

“Key Dates and Details: Navigating Canada’s 2024 CAIP to CCR Transition”

Published

on

When it comes to moving to Canada, people choose to go for the new state because it is a land of opportunities, and it offers lots of incentives and benefits to its citizens. A lot of new incentives have been launched to help people in the low- and moderate-income group. 

Families and individuals who are looking to get CAIP payment from the government of Canada need to file their tax return and get the benefit after their eligibility criteria have been met.

It is important to note that the CAIP payment dates begin from 15 January 2024 as reported initially by INC News

However, Canadian government has now rebrand the CAIP to CCR (Canada Carbon Rebate). So from April 2024 onwards CAIP is known as CCR.

If you are looking to get the climate action incentive, the payment date should be monitored before the deadline for the tax file arrives, or else you will have to wait for the next quarterly payment to be made.

  1. What are Canada CAIP payment dates, and how do they works:

The incentive is sent to the taxpayers of Canadian taxpayers so that they can meet the requirements of defraying pollution pricing.

However, if you are looking for Canada CAI payment but unable to find one the another name that could be used by the tax payers is carbon tax refund.

It is expected that on January 15, 2024 is the climate action incentive payment dates and most of the eligible candidates will receive their payment. It is important to note that all the residents (temporary or permanent), students, international immigrants and people who are under protective care of the government all should be eligible for the payment.

However, the eligibility criteria of age for this payment is at least 19 years of age. Which makes it clear that the Canada CAI payment will be made to those who is at least 19 years. If you are below the age, then the incentive will be accounted in your parents or guardians account.

  1. How to apply:

For all those individuals who are looking to be included in the CAI payment they need to fulfill some of the legal obligations to make sure that they qualify for the payment and receives it at the beginning of the year.

If you have children you could apply for CAPI payment by filling the form of RC66, Canada child benefit application. Where you not only apply for the benefit of your children but also look forward to get incentive for your children and whole family.

Moreover, along with the form you also need to submit your income statement as well as Form RC66SCH, your status in Canada and income information and the place where you are residing.

On the other hand, when you do not have children:

You are required to fill out a form that is known as RC151 GST/HST credit and application form. For all the newcomers and individuals who are part of Canadian state.

These forms could be easily sent to the tax center through an email and through the proper documentation you could easily become eligible for the CAIP payment for the next season.

These are requirements for those who fall into the category. For others who have been part of Canada and have been filling out their tax return, they are not entitled to fill out the above-mentioned forms.

https://immigrationnewscanada.ca/ 

Media Contact

Company Name: Immigration news Canada

Contact Person: Kamal Deep Singh

Email: Send Email

Phone: 647-853-1717

Country: Canada

Website: https://immigrationnewscanada.ca/ 

About Author

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.

Continue Reading

LATEST POST