Price
$4.34
12/1/2022, 7:36:42 AM
diamondHands

Buy MCDEX Token with Coinbase Wallet

MCDEX Token can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$8.1M

Volume (24h)

$68,678.25

Circulating supply

1.9M MCB

All time high

$67.86

Price change (1h)

-0.47%

Price change (24h)

-2.58%

Price change (7d)

-15.5%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

MCDEX Token is on the decline this week.

The price of MCDEX Token has fallen by 15.50% in the past 7 days. The price declined by 2.58% in the last 24 hours. In just the past hour, the price shrunk by 0.47%. The current price is $4.34 per MCB. MCDEX Token is 93.61% below the all time high of $67.86.

The current circulating supply is 1,854,177.555 MCB.

About

What Is MCDEX(MCB)?

MCDEX (MCB) is the first entirely permissionless DEX for perpetual contracts trading, fuelled by MCDEX's technology known as AMM. The creation of MCDEX AMM is positively capital efficient; hence, delivering low slippage and costs for traders. MCDEX AMM claims to be over 1,000 times more efficient than standard XYK AMM within the exact liquidity in the pool. The MCDEX protocol permits anyone to form any market, significantly increasing market diversification.

In MCDEX, decentralized Oracle services like Chainlink and Band have high protection and consensus. However, because of cost considerations, Oracle data services generally have a significant deviation (0.1%~0.5%). It is appropriate to utilize the price delivered by the decentralized Oracle service instantly as the marked price. The marked price of the unchanging contract is only utilized to compute the contract position value, thereby specifying the liquidation price. Currently, the maintenance margin suggested by MCDEX is 6.7%. The divergence of 0.5% doesn't impact the liquidation of the perpetual contract.

By significantly raising the credibility of the perpetual contracts, the usage of decentralized Oracle services can eradicate the “price manipulation issue” caused by the short-term capital fluctuations of centralized trades. However, when a decentralized Oracle is utilized for AMM pricing, a significant Oracle variation causes a more extensive arbitrage space for AMM quotations.

The MCB token is native to the platform. The community of MCDEX has published the governance token MCB and has accomplished a string of governance work. In contrast, establishing the Mai3 protocol, the platform established MCDEX DAO based on MCB. MCDEX DAO is the heart of the MCDEX community. The mission of the MCDAO is to develop the MCDEX ecosystem continuously. The platform provides a governance incentive for MCB token holders who partake in community governance. 

History of MCDEX(MCB)

Liu Jie is the founder of the MCDEX platform. Liu Jie is based in Beijing and previously ran a mining software business. MCDEX has a total supply of 2,268,644 tokens.

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to MCDEX Token in market cap.

MCDEX Token Calculator

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

FAQ

What is the current price of MCDEX Token?

The price of 1 MCDEX Token currently costs $4.34.

What is the market cap of MCDEX Token?

The current market cap of MCDEX Token is $8.05M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of MCDEX Token?

The all-time high of MCDEX Token is $67.86. This all-time high is highest price paid for MCDEX Token since it was launched.

What is the 24 hour trading volume of MCDEX Token?

Over the last 24 hours, the trading volume of MCDEX Token is $68.68K.

What other assets are similar to MCDEX Token?

Assets that have a similar market cap to MCDEX Token include Quantstamp, Adappter Token, Inflation Hedging Coin, and many others. To see a full list, see our comparable market cap assets.

How many MCDEX Token are there?

The current circulating supply of MCDEX Token is 1.9 million.