The live MCDEX Defi Coin price today is $41.28 USD with a 24-hour trading volume of $1,584,479 USD. We update our MCB to USD price in real-time. MCDEX is down 6.62% in the last 24 hours. The current CoinMarketCap ranking is #2869, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000,000 MCB coins.
If you would like to know where to buy MCDEX, the top exchanges for trading in MCDEX are currently BKEX, Uniswap (V3), LBank, Hoo, and Uniswap (V2). You can find others listed on our crypto exchanges page. Exchange token of Monte CarloDEX which claims to be a decentralized derivatives exchange for trading perpetual and futures contracts.
Mai Protocol V3 designed by MCDEX is an AMM-based decentralized perpetual swap protocol. Perpetual swap is one of the most popular derivatives that has no expiration date, supports margin trading, and has its price soft pegged to index price. The name Mai comes from two Chinese characters “买” which means buy and “卖” which means sell. Using pinyin (the modern system for transliterating Chinese characters to Latin letters) “买” is spelled Mǎi and “卖” is spelled Mài. Thus, “Mai” means “Buy” and “Sell”.
The goal of this protocol is to allow anyone to create and trade in any perpetual market. To start with, anyone can create their own perpetual market with the price feed of underlying asset and choose any ERC20 as collateral. Secondly, we have designed an AMM for the perpetual market and this AMM also has better capital efficiency.
Moreover, AMM solves the liquidity problem – anyone can provide liquidity to AMM by depositing assets in the pool and get reasonable market making profit. At last, anyone can trade perpetual swaps permissionlessly. Traders’ assets are in the smart contract in a noncustodial way and the process of trading are conducted on chain completely.
The MCDEX Defi Coin community has issued its governance token MCB and has done a series of governance work. While launching the Mai3 protocol, we will establish MCDEX DAO based on MCB. MCDEX DAO will be the core of the MCDEX community. The mission of MCDAO is to continuously develop the MCDEX ecosystem. MCDEX DAO has treasury. The asset in this treasury comes from:
Share from the fee captured by MCDEX ecosystem
Newly issued MCB in the MCB tokenomics
Other payments made to MCDEX DAO
The asset in the treasury is used to assist the MCDEX DAO mission. Its specific usage includes but not limited to:
Liquidity incentive: Incentives for LP of AMM
Governance incentive: Incentives for MCB holders who participate in community governance
Development incentive: Incentives for community starters and community managers
Audit fee and other required fee
Add liquidity to products in the MCDEX ecosystem
Buyback MCB from the secondary market. The MCB will be part of the treasury asset
Provide liquidity for MCB (in the MCB liquidity pool on Uniswap)
The Smart contract
The smart contract of the protocol has been strictly audited by a third party, and there is no admin key of the protocol, maximizing the decentralization and security of this protocol.
They believe that permissionless is the key feature of this protocol, which can empower the whole community to contribute to the MCDEX ecosystem – anyone can create the perpetual market of an on-chain or off-chain synthetic assets. With the evolvement of MCDEX community, more diversified perpetual market will be created, and trading volume will be generated.
This protocol is completely based on AMM. Please refer to the MAI Protocol V3 AMM Design document for detailed information regarding AMM. There are following roles in the market:
AMM plays the role of a central counterparty, providing liquidity for the perpetual swap. Like a normal trader, AMM has its independent margin account, and is able to hold positions.
MCDEX Defi Coin operator is the creator and manager of the perpetual swap. How to become an Operator:
Create a perpetual swap and set the initial parameters (such as margin rate, AMM risk parameters, etc.). The AMM of perpetual swap has a set of risk parameters. By adjusting these parameters, an operator is able to change AMM’s market making risk, market depth, slippage, and spread etc.
Pay for (or provide) Oracle service. The protocol defines an Oracle interface so that the currently available Oracles can be applied in this protocol. An operator can provide their own Oracle data to perpetual swaps as well.
The New StandardThe MCDEX V3 design delivers the most user-friendly DEX interface traders have ever seen
The New Standard
The MCDEX V3 design delivers the most user-friendly DEX interface traders have ever seen
Market Leading Liquidity
More liquidity aggregated around the index to achieve much higher capital efficiency.
Anyone can create a permissionless contract making MCDEX limitless in terms of assets offered.
Significantly Lower Fee
Save up to 100x on gas fees.
Fast, seamless trading experience.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.