MDEX launches Boardroom mechanism, with first phase allocating $30 million for buybacks and airdrops
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MDEX launches Boardroom mechanism, with first phase allocating $30 million for buybacks and airdrops
MDEX has allocated 66% of its platform revenue, amounting to 30 million USDT from inception through February 2, to inject into the Boardroom airdrop fund and buyback fund as agreed.
Navigating Web3 tides with focused insightsTechFlow News, February 5 — MDEX.COM has launched its Boardroom (Board of Directors) mechanism. As agreed, 66% of the platform's revenue up to February 2—amounting to 30 million USDT—has been allocated into the Boardroom airdrop and buyback pools. Starting February 3, a corresponding portion of daily platform revenue will be continuously injected into the respective airdrop and buyback-burn pools, officially initiating MDX token airdrop and buyback-burn governance.
According to an official announcement from MDEX.COM, 30% of funds in the pool will be used for token buybacks and burns, with the initial buyback pool amounting to 9 million USDT. The remaining 70% will fund airdrops, with the initial airdrop pool set at 21 million USDT. In addition, MDEX has announced the establishment of a $15 million MDEX Ecosystem Fund. The team plans to further increase investment into this fund to support outstanding projects on Heco, Ethereum, and other public blockchains, while actively advancing developments in Bridges and Layer2 solutions, aiming to build the largest multi-chain interoperable platform integrating DEX, IMO, and DAO within the DeFi ecosystem.
