Buy Wrapped MCDEX Token (MCB2)
What is MUX Protocol?
MUX Protocol is a decentralized perpetual aggregator designed to provide deep aggregated liquidity, optimized trading costs, and up to 100x leverage. It offers diverse market options and unique features like smart position routing, aggregated position capabilities, leverage boosting, and liquidation price optimization.
How does MUX Protocol work?
MUX Protocol operates on multiple EVM-compatible blockchains such as Arbitrum, BNB Chain, Avalanche, Fantom, and Optimism. It uses a central pool of capital (MUXLP) for trading, ensuring efficient liquidity utilization and no counterparty risks. The protocol employs a Universal Liquidity mechanism and a "dark oracle" for secure price data management. Smart contracts manage trades and liquidity by combining GMX and native MUXLP fund sources.
What are the potential use cases for MUX Protocol?
MUX Protocol is utilized for various applications, including decentralized leveraged trading, liquidity provision, yield farming, and cross-chain trading across multiple blockchain networks. It also supports forex and commodities trading, making it a versatile tool in the DeFi and cryptocurrency trading sectors.
What is the history of MUX Protocol?
Initially founded as MCDEX in 2019 by anonymous developers, MUX Protocol evolved from MCDEX V1 to V3 before rebranding in August 2022. Significant milestones include integration with GMX and Gains Network, achieving over $15.2 billion in organic volume, and introducing the MUX Aggregator in December 2022. The protocol continues to focus on improving liquidity structures and expanding its market presence across multiple chains.
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Frequently Asked Questions (FAQs)
What is the current price of Wrapped MCDEX Token (MCB2)?
The Wrapped MCDEX Token price is $3.8738 AUD, representing a -0.86% from the day prior.
Where is the best place to buy Wrapped MCDEX Token (MCB2) in Australia?
The best place to buy Wrapped MCDEX Token (MCB2) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Wrapped MCDEX Token (MCB2) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Wrapped MCDEX Token (MCB2)?
The trading volume of Wrapped MCDEX Token (MCB2) is $89.7K AUD in the last 24hrs, representing a -0.86% from the day prior.
How can I buy Wrapped MCDEX Token (MCB2)?
Wrapped MCDEX Token (MCB2) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Wrapped MCDEX Token (MCB2)?
The current market cap of Wrapped MCDEX Token (MCB2) is $13.8M AUD.
Can I convert Wrapped MCDEX Token (MCB2) to cash?
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How many Wrapped MCDEX Token (MCB2) are there?
The current circulating supply of Wrapped MCDEX Token (MCB2) is 3.8M.
Is Coinstash a safe place to buy Wrapped MCDEX Token (MCB2) in Australia?
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