Fifth Bi-Weekly Report — MCDEX

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The last two weeks were mesmerizing. In this fifth bi-weekly report, we throw light on what happened at MCDEX in the past two weeks, the plans, discussions, campaigns, community engagements, and much more!

To give you a brief recap, our fourth bi-weekly report focused on The MCB Foundation, High Gas Fees, discussion for round ZHOU of liquidity mining, LINK-PERP launch, Voting on Proposals and Rules for Round ZHOU, MCB Chart-Art Competition & Memes Contest, Increase in the rate of Liquidation Penalty, the launch of MCDEX YouTube channel, welcoming DeFi Pulse to community governance, 300% mining efficiency, discussion on rewarding traders, a resource on all details about the MCB token, and community engagements.

Let’s dive deep into our fourth bi-weekly report!

Team Vesting Suspended

We announced the suspension of team vesting starting September 1 for 6 months. Read the official announcement here.

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Voting on Proposals 8, 9, 11, 12, 13

From Sep 3 to Sep 6, the proposals 8, 9, 11, 12, and 13 went live for voting. You can see the results of the voting here.

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Reduction in Mining Rewards

We discussed the proposal for reducing the mining rewards for 2 MCB/block to 0.2 MCB/block. The proposal went into voting and was passed by the community.

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First Round of Funding

We announced the first round of funding from key stakeholders of the industry. Read the official announcement here.

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Support added for Italian and Spanish Languages

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Financial Report for August

We shared the financial report for August. It mentions the assets, liabilities, expenses, and assets flow.

Community Engagements

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2. AMA with Just DeFi Telegram Community on Sep 3

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3. MCDEX CEO Liu Jie was on a live show organized by Binance Smart Chain on Sep 3

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4. AMA with Crypto ID Telegram Community on Sep 7

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5. DaoChemist hosts DeFi_Dad on his podcast.

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6. AMA session with Crypto Calibur Telegram Community on Sep 14

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We look forward to more developments and progress! Stay tuned! Thank you for being a part of the MCDEX community!

Written by

Building MCDEX V3 (Decentralized Perpetual) | Trade #PerpetualContracts - $ETH $LINK $SNX $COMP $LEND

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