|All Time High:
|The price of #MCB today is $12.40 USD.
The lowest MCB price for this period was $0, the highest was $12.40, and the current live price for one MCB coin is $12.39656.
The all-time high MCB coin price was $68.67.
Use our custom price calculator to see the hypothetical price of MCB with market cap of BTC or other crypto coins.
|The code for MCDex crypto currency is #MCB.
MCDex is 3.6 years old.
|The current market capitalization for MCDex is $59,542,474.
MCDex is ranked #386, by market cap (and other factors).
|The trading volume is medium today for #MCB.
Today's 24-hour trading volume across all exchanges for MCDex is $266,369.
|The circulating supply of MCB is 4,803,143 coins, which is 5% of the maximum coin supply.
A highlight of MCDex is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
MCDEX Update — Jan. 2022
MCDEX Update — Jan. 2022 Hey Maczombies, It’s been a while. MCDEX V3 has been launched for 4 months on Arbitrum and BSC; during the runtime, we have witnessed various significant milestones:Product cumulative trading volume reached $7.2BMore than 5000 traders used the productDAO treasury incremental revenue reached $2.6MThe successful launch of trading mining program epoch 0–7 The highlights above are uplifting; however, we have likewise identified room for improvements in the product mechanisms and MCB tokenomics, which caused trading volume to decrease, unstable trading experience, and showed a lack of resistance toward token selling pressure. The learnings we accumulated from V3 guided us to envision and design a more self-sustainable and user-friendly product, which will turn into MCDEX V4. The MCDEX team has started planning and developing V4 since November 2021; after staying in a semi-stealth mode for over two months, here are some high-level sneak peek for what we are looking forward to:Core Features ImprovementMulti-Collateral: More collateral assets approved by MCDEX governance will be allowed for trading in the initial release of V4.Cross-Margin: To better improve the trading experiences by allowing users to utilize full amount of fundsLower SlippageMultichain Deployment: we are currently in talks with the major L1 chains on an upcoming multichain deploymentUX ImprovementIncrease traders’ capital...
MCDEX Is Using Chainlink Price Feeds on BSC to Help Secure Its Decentralized Perpetual Contracts
The DeFi industry is rapidly growing as the Total Value Locked (TVL) continues to climb and more users enter the space. With the increased demand for DeFi products, MCDEX has scaled to support perpetual contracts on layer 2. However, with its move to new blockchain networks, MCDEX must maintain its strong security. In this spirit, we are happy to announce our further use of Chainlink, the industry-leading blockchain oracle solution. The MCDEX team previously announced our integration of Chainlink Price Feeds on Ethereum mainnet. Now, MCDEX is using Chainlink Price Feeds on Binance Smart Chain (BSC) mainnet to help ensure its decentralized perpetual contracts feature an index price backed by globally accurate fair-market rates. MCDEX uses the following Chainlink Price Feeds for its initial BSC integration: BTC/USD, ETH/USD, and BNB/USD. We selected Chainlink because it has proven to be highly secure and reliable in our Ethereum-based protocol. In general, Chainlink is the most time-tested oracle solution available, securing $75B+ for leading decentralized applications across multiple blockchains. By accessing Chainlink Price Feeds on BSC, MCDEX can receive even faster price updates with lower deviation thresholds thanks to BSC’s high throughput and low fees. Moreover, since Chainlink Price Feeds are natively available on BSC, the integration process was seamless. Household DeFi names stand alongside MCDEX in using Chainlink ...
Announcing Gas Fee Rebate Program
We are thrilled to announce that we are one of the first to get the BSC liquidity fund and we will enable the gas fee rebate program with BSC to accelerate adoption !How it works During the campaign, gas spendings of trades will be rebated in the form of MCB weekly. Certified pools will be eligible pools to get rewards. The campaign will run from 12pm UTC, November 15 to 12pm UTC, Feb. 14. The gas fee rebate rate will start as 100%, then gradually decrease to 80% in the following months: From Nov. 15 to Dec. 14: 100% rebate rate From Dec. 15 to Jan. 14: 90% rebate rate From Jan. 15 to Feb. 14: 80% rebate rateWho will be rebatedAll orders with over $100 volume are eligible for the rebate; only two orders with under $100 volume are eligible for the rebate everyday.Contract addresses are not eligible for the rebate.How to claim rewards Rewards will be calculated on a weekly basis and can be claimed 3 days after each week ends. That is to say, every Thursday after 12pm UTC, users can claim rewards from the previous week. The rewards is in the form of MCB, which is calculated based on the real-time MCB/BNB price by the distribution time. Check tutorials on how to claim here. Happy trading maczombies!
MCDEX Delivery Airdrop
We’ve achieved several milestones during the last month and now it’s time to drive new growth! We are thrilled to announce the MCDEX Delivery Airdrop Plan!Rules: During the campaign, the first 200 eligible users who open a position of more than $500 on MCDEX BSC, can claim $50 rewards each. First trade, first claim.Duration: The campaign will take place between Nov. 03, 2021 0:00 UTC and Nov. 10, 2021 0:00 UTC.Who is eligible: Addresses are pre-selected. We’ve curated a list from the qualified addresses that meet the criteria below:The address made its first transaction on top BSC DEX at least one week before Oct. 31st 12:00 PM UTCThe address traded at least three times (combined) on top BSC DEX between Sept. 30th 12:00 PM UTC and Oct. 31st 12:00 PM UTCThe address traded at least $1000 worth of tokens (combined) on top BSC DEX between Sept. 30th 12:00 PM UTC and Oct. 31st 12:00 PM UTC Check eligible addresses here. The eligible addresses are some of addresses that meet the criteria above. If the first round generates positive results, there will be more rounds of Airdrop in the future with broader address lists.Distribution We will distribute the reward to addresses directly before November 17t
Trading Mining — Epoch 2 is Live!
Trading Mining — Epoch 2 is Live! According to the approved Proposal 42: Mining Program Epoch 1–6, mining program epoch 2 is live now!Time 1st Nov. 2021 00:00:00 UTC ~ 14th Nov. 2021 23:59:59 UTCLiquidity Mining The total Reward for liquidity mining is 7000 MCB, the distribution to the pools is adjusted according to the volume/liquidity of the previous epochs. We will also distribute some rewards to some new pools to encourage diversity in the markets. The rewards of liquidity mining are distributed per block to the LP of the AMM pools. Mining Pools: BSC: BUSD Pool, 6000 MCB BSC: ETH Pool, 800 MCB BSC: BTCB Pool, 200 MCBTrading MiningRules: See hereRewards: 63000 MCBDistribution: 5 days after the end of the epochMining Pools Since this epoch, we will launch the trading mining program across all the networks. Traders can trade or stake MCB on any of the networks(BSC or Arbitrum). The Trader Staking Scores shall be shared across the chains. Thus, the trading fee, the open interest, and the staking score shall be the sum of the scores on the chains. Mining Pools: BSC: BUSD Pool, ETH Pool, BTCB Pool, USX Pool Arbitrum: USDC Pool, ETH Pool Note: We may add more networks and pools to liquidity mining and trading mining during the epoch.Anti Wash-trading Two “anti-wash-trading” rules take effect in this epoch:If two trades have the same volume and execute simultaneously, we should exclude the trades from t...
Introducing Ambassador Program
Overview GM to our amazing Maczombie Community! The team is launching an ambassador program for our community members. We are passionate about creating an environment to involve the community members and contribute to the long-term growth of the MCDEX ecosystem to revolutionise the DeFi space. We know that each effort of the community is very essential to maximize success. Therefore, we look forward to collaborating with enthusiastic individuals to support the MACzombie community. The ideal candidate would be the one who is crypto-savvy, understands the perpetual swaps and our v3 AMM and has good knowledge on blockchain.Objective of the ProgramEducate the new joiners about the MCDEX platformEngage with social media and generate new conversation in the the crypto communityWrite posts and design simple graphics and content to help increase interest in MCDEXBe resourceful and bring insights from a different project that can help to grow MCDEXBe enthusiastic and love to connect with new people that could increase the brand’s valueHow Does the Program Work? There are 4 different tiers of ambassadors. These tiers are awarded to community members after the completion of certain tasks. The number of macs awarded for each task is dependent on the time and effort required to execute the task. According to their tiers, ambassadors will receive an allocation in our next community sale. This means that the higher tiered ambassad...
MCDEX Monthly Newsletter September — October
MCDEX Monthly Newsletter September — October MCDEX brings the most exciting news in this newsletter for the community. You get insight into the entire month’s activity which includes partnerships, collaborations, proposals, and announcements and milestones!Announcing Trading Mining V2 on BSC Announcing the brand new trading mining V2 on BSC. The objective is to incentivise all traders to use MCDEX and accelerate overall product usage. The period of the first epoch is from UTC 00:00 October 4th to 00:00 October 18th. Total rewards in the first epoch: 95,000 MCB — Trading Rewards. — The trading rewards will be distributed to traders based on the formula that rewards a combination of fees paid, open interest and staking score.MCB will be distributed on a 14-day epoch basis and is not subject to any vesting or lockups. The number of MCB of each epoch is determined by MCDEX DAO governance. — Staking Score. — A trader can obtain the Staking Score by locking MCB in the staking smart contract. The lock time of staking is 100 days. If the trader stakes multi times, the remaining lock time is the weighted average value derived during each staking. — Rewards distribution. — We will distribute the rewards on the fifth day after the previous epoch ends. The rewards of the first epoch will be distributed on Oct. 22nd.Milestones: A huge milestone this month! Our accumulative trading volume ...
Trading Mining V2 — Epoch 1
Trading Mining V2 — Epoch 1 According to the approved Proposal 42: Mining Program Epoch 1–6, we will launch the mining program epoch 1.Time18th Oct. 2021 00:00:00 UTC ~ 31th Oct. 2021 23:59:59 UTCLiquidity Mining The total Reward for liquidity mining is 8000 MCB, the distribution to the pools is adjusted according to the volume/liquidity of the previous epochs. We will also distribute some rewards to some new pools to encourage diversity in the markets. The rewards of liquidity mining are distributed per block to the LP of the AMM pools. — Mining Pools. — Network: BSC Busd Pool: 6500 MCB ETH Pool:1000 MCB BTCB Pool: 500 MCBTrading MiningRules: See hereRewards: 72000 MCBDistribution: 5 days after the end of the epoch — Mining Pools. — Network: BSC Pool: Busd, ETH, BTCB, USX Note: We may add more networks and pools to liquidity mining and trading mining during the epoch.
Basis Trading on MCDEX
Basis trading is a financial trading strategy which consists of the purchase of a particular financial instrument or commodity and the sale of its related derivative. This article introduces a basis trading strategy that allows the trader to earn funding payment without position exposure.Funding Payment MCDEX perpetual is a derivative pegged to the underlying index by funding payment. Such funding payment is executed every second according to the funding rate which helps to keep the price of perpetual swap close to the price of the underlying asset. Kindly find details on the funding payment here. Some perpetual markets, like ETH-BUSD, BTC-BUSD, have positive funding rates for most of the time. The market has positive rates on these trading pairs most of the time (as shown in chart below). A positive funding rate means the longs pay funding to the shorts. It happens when they are more longs than shorts in the market. BTC-BUSD funding historical chart from Oct. 4th to Oct. 15th. In our upgrade on Oct. 15th, MCDEX will add a “Base Funding Rate” parameter, which aims to account for the difference in interest rates of the base and quote currencies. The Base Funding Rate is set at 0.01%/8-Hour (10.95% Annualized). This Base Funding Rate is added to the funding rate. As a result, whenever the AMM holds a short or zero position, the funding rate is always larger than the Base Funding Rate.Strategy As the funding rate is alway...
Introducing Incentive Programs for Pools Created by Community
Since mainnet launch in September both on Arbitrum and BSC, we have achieved several milestones regarding trading volume and TVL. Now we are very excited to heat things up by introducing incentives for pools created by community. To encourage more markets, we will allocate both liquidity and trading incentives for selected markets! We are super proud to be a fully permissionless protocol for perpetual swaps, that being said, anyone can create any market on MCDEX. Community will be the key pillar for MCDEX to achieve growth and success.How to get started 1.Create the pool on MCDEX The creation of the market involves 4 steps: a. Choose the collateral and underlying asset b. Choose a proper oracle c. Set contract parametres d. Set risk parametres We suggest creating the inverse contract of the token, for example, USD — MCB is an inverse contract that uses MCB as collateral to long/short MCB. 2. Contact us via our community we will evaluate the pool & operation plan 3. Incentive will be allocated if selectedHow to incentivise 1.Liquidity Incentives If selected, a certain amount of incentives will be allocated to the pool. 2. Trading Incentives If selected, the trading volume of this pool can join the ongoing trading mining program. Please notify that the spot market of the token should be liquid to avoid manipulation. As such, a key requirement of the token is that market cap should be larger than $10M. Let’s...
More MCDex (#MCB) News
|Voyager Can't Guarantee How Much Crypto Will Be Restored to Custom...
Cryptocurrency brokerage firm Voyager Digital has provided an update on its restructuring plan to compensate its customers and resume their account access. The firm clarified that while their USD deposits are safe and secure, it cannot guarantee what portion of their crypto will be returned.
Crypto Not Protected by FDIC
In a statement on Monday, Voyager assured customers that their USD deposits would be returned to their rightful customers following a reconciliation and fraud prevention process. All customer USD is reportedly held with the Metropolitan Commercial Bank (MCB) of New York, and is FDIC insured.
“That means you are covered in the event of MCB’s failure, up to a maximum of $250,000 per Voyager customer,” clarified the firm.
Voyager came under FDIC investigation on Thursday for previously marketing their customers’ accounts as FDIC insured, even in the event of company failure. The broker has since updated its website to clarify that this insurance does not, in fact, apply to the collapse of Voyager or its “custodians.”
Thankfully for customers, this shouldn’t matter for USD holders whose entire account holdings are kept at the MCB, to which this insurance applies. On the other hand, Voyager’s customer agreement states that their depositors’ rights to their cryptocurrency are “unclear” in the event of the company’s insolvency.
After filing for bankruptcy last week, Voyager unveiled its restructu...
|FDIC Investigates Voyager's Claims About Customers' Funds Co...
Shortly after filing for bankruptcy, embattled cryptocurrency brokerage firm Voyager Digital has reportedly come under scrutiny from the U.S. Federal Deposit Insurance Corporation (FDIC) for claiming that funds were FDIC-insured.
According to the Wall Street Journal on Thursday (July 7, 2022), anonymous sources revealed that the FDIC is probing Voyager's marketing. A statement on the company's website in December 2019 said:
'Through our strategic relationships with our banking partner, Metropolitan Commercial Bank, all customers’ USD held with Voyager is FDIC insured. That means that in the rare event your USD funds are compromised, you are guaranteed a full reimbursement (up to $250,000), so the cash you hold with Voyager is protected.'
However, customers of Voyager recently learned that their deposits were not FDIC-insured as marketed by the crypto firm.
Also, a previous statement from Metropolitan Commercial Bank (MCB), a New York-chartered bank and FDIC member, stated that Voyager holds an omnibus account for only U.S. dollars and not crypto. The bank added that the insurance applies to the failure of MCB, not Voyager.
'FDIC insurance coverage is available only to protect against the failure of Metropolitan Commercial Bank. FDIC insurance does not protect against the failure of Voyager, any act or omission of Voyager or its employees, or the loss in value of cryptocurrency or other assets.'
The latest development comes shortly after Voyager and its subsidia...