Press Release
How is MDX committed to optimizing transaction experience and building a prosperous ecosystem of MDE
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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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.
Press Release
Homeland Security Expert Dr. Peter W. Sherrill Eyes Congress, Vows To Secure The Border
Mount Vernon, New York Apr 19, 2024 (Issuewire.com) – Dr. Peter W. Sherrill, renowned for his extensive expertise in Homeland Security & Emergency Services, including Incident Command Systems (ICS) and COBRA training, is officially announcing the launch of his exploratory campaign for US Congress in the 16th Congressional District.
Formerly a lifelong Democrat, Dr. Sherrill decided to depart from the Party in 2011 due to personal and professional convictions. Despite being officially retired, his unwavering dedication to public service and a fervent desire to enact positive change have driven him to take action. Dr. Sherrill is deeply troubled by the nation’s handling of the Covid pandemic, which resulted in the loss of over a million American lives, as well as the ongoing crisis at our nation’s borders. He declares, “Enough is enough!”
Dr. Sherrill brings to the table a wealth of expertise in Homeland Security, having trained extensively with First Responders across the nation. Additionally, he holds a Master’s in Public Administration and a double major in Economics and Management. Recognized for his contributions, Dr. Sherrill has also been bestowed with an Honorary Doctorate in Humanities for his work with the International Institute for African Scholars (IIAS).
The candidacy of Dr. Sherrill serves as a beacon of hope, not only for his constituents but for all Americans who yearn for effective representation. His profound wisdom, exemplary leadership, and proactive approach to governance will instill pride in our nation once again.
About Dr. Peter W. Sherrill:
Dr. Peter W. Sherrill is a Certified Trainer in Weapons of Mass Destruction from the Energetic Materials Research Training Center, Socorro, New Mexico, with extensive training in Incident Command Systems (ICS) and COBRA training at Fort McClellan, Anniston Alabama.
Before becoming an expert in Homeland Security and bestowed an Honorary Doctorate for his work with the International Institute, Dr. Sherrill spent 25 years in Corporate America.
Formerly a lifelong Democrat, Dr. Sherrill’s extremely controversial decision in 2011 to join the Republican Party, has ostracized him from the African American community. His literary works, “EXODUS: Why I Became A Republican,” followed by “The Life of A Black Republican in Trump’s America,” extensively highlights the challenges Dr. Sherrill’s candidacy for US Congress faces in securing our nation’s borders as a Republican in a Democrat-dominated district
However, Dr. Sherrill understands how paramount it is to secure our nation’s borders now, before it’s really and truly too late. Dr. Sherrill’s motto is, “See Something – Do Something!” Elect a Homeland Security Expert and let’s “Unite and Secure America!”
For all campaign inquiries, please contact:
Dr. Peter W. Sherrill
Republican Congressional Candidate
Joshua J. Gumbiner
Sr. Advisor
Source :Dr. Peter W. Sherrill
This article was originally published by IssueWire. Read the original article here.
COMTEX_451073237/2777/2024-04-19T05:04:37
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–News Direct–
For those seeking a promising investment opportunity in the cannabis market, Rodedawg International Industries, Inc. (OTC: RWGI)'s progress on its 2024 roadmap is a compelling proposition. The company's strategic approach, coupled with regular updates on its growth and milestones, points to the potential for expansion in the emerging cannabis industry.
As 4/20 approaches, it's a perfect time to check in on cannabis stocks. After years of stagnation, the sector is experiencing a resurgence, thanks to several encouraging factors that have pushed it higher in recent weeks.
For starters, the growing support for legalization among Americansnow at about 88%, according to Pew Researchcould make cannabis a key topic in the upcoming U.S. elections. Candidates who support legalization may see a boost in their ratings, which could drive the market even further.
Florida is one state that may soon legalize adult-use cannabis. The Florida Supreme Court has proposed Amendment 3, which, if approved, could take effect in May 2025. There's also speculation about potential cannabis rescheduling by the DEA before the November election, which could further impact the sector.
With all these factors at play, cannabis stocks could see even higher highs. Let's take a look at four potential players in the sector!
Curaleaf Holdings, Inc. (OTCQX: CURLF) is a leading international cannabis provider, offering quality and reliability in the industry. Known for its brands Curaleaf, Select, and Grassroots, the company serves both medical and adult-use markets. In the U.S., it operates in 17 states with 145 dispensaries and employs over 5,600 people worldwide. Curaleaf International is the largest vertically integrated cannabis company in Europe, combining pioneering research with advanced cultivation and production.
In the fourth quarter of 2023, Curaleaf reported record revenue of $345.3 million, a 4% increase from the previous quarter. Adjusted gross margin was 46%, with adjusted EBITDA of $83 million, representing 24% of sales. Full-year revenue reached $1.35 billion, up 6% from 2022. Despite facing a net loss of $281.2 million for the year, Curaleaf's gross profit and EBITDA margins show strong potential for growth.
Operational highlights include significant expansions in states like Florida and New York and an uplisting to the Toronto Stock Exchange in December 2023. Curaleaf also launched new products such as Briq vapes and Zero Proof drinkables.
In major news, Curaleaf announced the acquisition of Northern Green Canada, a Canadian cannabis producer with EU-GMP certification. This deal solidifies Curaleaf's position in the European market and expands its presence in North America, Europe, and Australasia. The acquisition will provide high-quality, indoor-grown cannabis to meet growing demand, particularly in Germany.
Curaleaf's recent achievements and strategic expansions demonstrate its commitment to enhancing its global presence and solidifying its role as a key player in the cannabis industry. The company will report its Q1 2024 results on May 9, 2024.
Cresco Labs, Inc. (OTCQX: CRLBF) is a leading cannabis company with a strong focus on building national brands and providing a consumer-centered retail experience. The company operates under the Sunnyside dispensary brand and is known for its commitment to quality, safety, and community engagement.
Cresco Labs has a portfolio of brands such as Cresco, High Supply, FloraCal, Good News, Wonder Wellness Co., Mindys, and Remedi. These brands offer a variety of products, including flowers, vapes, concentrates, topicals, edibles, and tinctures.
The company recently announced the promotion of Greg Butler to president, recognizing his contributions to Cresco Labs and his ability to lead the company into the future. Butler will oversee all aspects of the company's operations, including production, retail, marketing, sales, corporate planning, and investor relations.
Cresco Labs' strategic focus on core markets has led to continued growth, as evidenced by the opening of new Sunnyside dispensaries, including a recent one in Gettysburg, Pennsylvania. The company holds the number one market share position in Illinois, Pennsylvania, and Massachusetts.
Cresco Labs' financial performance demonstrates its progress and efficiency in the cannabis industry. In the fourth quarter of 2023, the company reported revenue of $188 million, adjusted gross profit of $100 million, and adjusted EBITDA of $55 million. For the full year of 2023, Cresco Labs reported revenue of $771 million and adjusted EBITDA of $174 million.
The company's focus on cost management, margin expansion, and profitability has resulted in significant improvements in its financials. Cresco Labs continues to prioritize its core strategy while positioning itself for future growth opportunities in the cannabis industry.
Investors looking for growing companies in the cannabis segment may find Cresco Labs to be an attractive option, given its strong market position, robust portfolio, and dedication to responsible industry practices.
BYND Cannasoft Enterprises Inc. (NNASDAQ: BCAN) is an Israeli-based integrated software and cannabis company focused on the women's health and wellness market. Leveraging its experience in customer relationship management (CRM) software, BYND Cannasoft is developing innovative platforms for the medical cannabis industry and wellness technologies tailored for women's health.
The company reported a challenging financial year ending December 31, 2023, with revenue down 4% year-over-year to $1,076,861 and a drastic increase in net loss to $18,495,121, primarily due to impairments. BYND Cannasoft faces significant hurdles as it navigates changes in its core activities in Israel, in addition to the difficult war in Gaza, which affected operations.
To address these challenges, BYND Cannasoft announced the pricing of a $7 million underwritten public offering in March 2024 and a 1-for-190 reverse stock split. These actions aimed to consolidate the share structure and raise funds for further development.
The company's focus on the Fem-Tech market presents an opportunity in a sector expected to grow to $139.51 billion by 2031. BYND Cannasoft is using its Smart Delivery System (SDS) to create innovative products for women's sports, hair, and cosmetics sectors. These include smart cosmetic face devices, hair growth brushes, and muscle pain relief regulators.
The company also plans to capitalize on the growing CBD market, expected to reach $36 billion within a decade. In partnership with Foria, BYND Cannasoft aims to offer CBD-based products for personal care and wellness.
While the company has potential in emerging markets, it faces challenges such as stiff competition and regulatory hurdles. Its success will hinge on its ability to navigate these obstacles and achieve sustained profitability. Investors should closely watch BYND Cannasoft's progress in product development and market penetration for long-term potential.
Rodedawg International Industries, Inc. (OTC: RWGI) is a company focused on the regulated California cannabis market, engaging in various sectors such as cultivation, distribution, manufacturing, and retail dispensaries. Through its wholly owned subsidiary, Parabola Mgmt. LLC, Rodedawg has expanded its operations and strategically acquired licenses to solidify its market presence.
In January 2024, RWGI made significant strides toward growth by acquiring a new California cannabis distributor license in Coachella, California. This achievement aligns with the company's roadmap and first-quarter milestones, showcasing RWGI's commitment to rapidly growing its cannabis license portfolio. This strategic move aims to increase the company's revenue streams and pave the way toward its ambitious goal of $7 million in annual revenue.
RWGI has also accelerated sales of hemp and cannabis-derived isolates. In the previous quarter, the company invested over six figures in a manufacturing facility for the extraction of cannabis-derived isolates from hemp. This significant investment has enabled RWGI to reach 65% production capacity, contributing to rapid revenue growth and establishing the company as a leader in the global cannabis market.
The company's latest updates from April 16, 2024, highlight RWGI's diverse enterprise, which includes the following areas of focus:
Costa Mesa License: The company operates under a Costa Mesa license for manufacturing, distribution, and off-site delivery.
-
Coachella Facility: RWGI procures hemp-derived isolates both for itself and as a service for other producers.
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Proprietary Brands: RWGI owns proprietary cannabis retail brands, such as Brother Buds and Tree Moguls.
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Elixicure: RWGI produces a proprietary and trademarked topical pain relief roll-on and spray.
Furthermore, RWGI has initiated the cancellation of over 100 million outstanding shares, which could enhance shareholder value and reflect the company's focus on revenue growth. This decision complements the consistent progress the company has shown in its operations and revenue generation.
RWGI's financial statements reveal a remarkable increase in revenues, which rose from $30,000 in December 2022 to $103,868 in December 2023. This substantial growth indicates operational efficacy and a strong upward trajectory, which is crucial for potential investors.
For those seeking a promising investment opportunity in the cannabis market, Rodedawg International Industries, Inc.'s (OTC: RWGI) progress on its 2024 roadmap is a compelling proposition. The company's strategic approach, coupled with regular updates on its growth and milestones, points to the potential for expansion in the emerging cannabis industry.
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View source version on newsdirect.com: https://newsdirect.com/news/4-20-cannabis-stocks-key-players-in-the-growing-market-958886339
RWGI, BCAN, CURLF, CRLBF
COMTEX_451072904/2655/2024-04-19T04:58:35
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With the continuous prosperity of the cryptocurrency market, the demand for efficient and secure trading platforms is growing more urgent among users. Recently, news has emerged that Ocean Base Exchange, jointly developed by Singaporean cryptocurrency fund QCP Capital and American blockchain investment fund Tally Capital, has officially launched. Ocean Base offers users a fresh centralized trading experience, leveraging advanced blockchain technology and innovative operational strategies to empower users to explore a new era of decentralized finance.
In recent years, the cryptocurrency market has seen continuous vibrant growth, attracting an increasing number of users. However, along with this growth comes the complexity and diversity of exchanges, posing a series of challenges for users when choosing a trading platform. In this context, security, transaction efficiency, and variety of trading options have become the most crucial factors for users.
Ocean Base Exchange, as a new centralized trading platform jointly created by QCP Capital and Tally Capital, aims to provide users with a secure, reliable, efficient, and convenient trading experience. As a Web3.0 decentralized order book exchange, Ocean Base is dedicated to integrating various mainstream public chain ecosystems to create a new trading landscape for users.
Users choose Ocean Base Exchange for its security, efficient transaction processes, and diverse trading options. Ocean Base is committed to providing a secure and reliable trading environment for a wide range of users, helping them achieve wealth growth.
With the robust development of Ocean Base Exchange, the value of its token, SEA, is expected to rise. As the number of users increases and the ecosystem flourishes, the Ocean Base token will become one of the hot investment choices in the cryptocurrency market.
In terms of planning, Ocean Base Exchange will continuously invest resources in technological research and innovation to enhance the performance, security, and stability of the exchange. It will strengthen cooperation with blockchain projects, cryptocurrency funds, technology vendors, and other stakeholders. Through close collaboration with excellent partners in the industry, it can better integrate resources and jointly promote the development of the exchange.
In addition, Ocean Base will continue to optimize the exchange’s interface design, trading processes, and customer service system to ensure that users can trade easily and enjoyably.
The official launch of Ocean Base Exchange marks the beginning of a new chapter in decentralized finance. Ocean Base will uphold the principles of professionalism, integrity, and innovation to provide users with a secure and reliable trading platform, jointly exploring the endless possibilities of the digital asset world.
Whether you are a novice or an experienced investor, Ocean Base will help you achieve your financial goals in the cryptocurrency market. Let us join hands and stride together towards the future of the digital financial world.
Media Contact:
Contact Person: John Cliff
Company: Ocean Base
Address: Dubai
Website: https://www.oceanbase.us
Email: [email protected]
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Homeland Security Expert Dr. Peter W. Sherrill Eyes Congress, Vows To Secure The Border
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