Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
MUX Protocol priceMCB
MUX Protocol price calculator
More cryptocurrencies calculator >MUX Protocol price live data summary
What is the highest price of MCB?
What is the lowest price of MCB?
MUX Protocol price prediction
What will the price of MCB be in 2025?
What will the price of MCB be in 2030?
MUX Protocol ratings
About MUX Protocol (MCB)
What Is MUX Protocol?
MUX Protocol is a decentralized multi-chain leveraged trading platform that has redefined the landscape of decentralized finance (DeFi). Originating as MCDEX, MUX Protocol stands out with its unique approach to leveraging pooled liquidity across multiple blockchain networks, including Arbitrum, BNB Chain, Avalanche, and Fantom. This protocol supports leveraged trading up to 100x, offering traders an unparalleled opportunity to amplify their trading strategies in the cryptocurrency market.
MUX Protocol is designed to maximize capital efficiency and minimize price impact, a significant advancement in the DeFi space. By integrating a multiplexing layer and a sophisticated 'Dark Oracle', MUX ensures accurate and stable pricing, safeguarding against front-running and toxic arbitrage. This approach not only enhances the trading experience but also contributes to the overall stability and reliability of the platform.
Resources
Official Documents: https://docs.mux.network/protocol/overview
Official Website: https://mux.network/
How Does MUX Protocol Work?
MUX Protocol operates through a complex yet efficient system that caters to various participants in the DeFi ecosystem. Traders on MUX can trade with high leverage using multiple assets as collateral. Liquidity Providers (LPs) contribute to the protocol’s liquidity and receive MUXLP tokens, which can be staked to earn rewards from protocol revenue and other incentives. Additionally, community members can lock MCB tokens to receive veMUX tokens, further participating in the protocol's revenue streams.
The protocol's multiplexing layer is pivotal, comprising a broker module and a dark oracle. The broker module, an off-chain bot, plays a crucial role in managing liquidity, ensuring sufficient funds are available for trading and liquidity multiplexing. The dark oracle, on the other hand, aggregates price feeds from multiple sources, maintaining price stability and preventing manipulative trading practices.
MUX Protocol's universal liquidity is a standout feature, allowing liquidity to be shared across its deployed chains. This approach not only increases capital efficiency but also mitigates the risks associated with asset bridging. In scenarios where a chain's liquidity pool cannot fully cover a trader's profits, MUX issues muxTokens, which can be redeemed on other chains with sufficient liquidity, showcasing the protocol's adaptability and user-centric design.
What Is MCB Token?
MCB, the primary token of MUX Protocol, plays a central role in its ecosystem. Users can lock MCB to receive veMUX tokens, entitling them to a share of the protocol's income, including protocol revenue and DEX mining rewards. The total supply of MCB is 4,803,143 tokens, with a portion reserved for MUX vesting. Notably, the total supply cap of MCB can be altered through governance votes, reflecting the protocol's commitment to adaptability and community governance.
In addition to MCB, the MUX ecosystem includes MUX, a non-transferable reward token, and veMUX, the protocol's governance token. MUX tokens can be earned through holding veMUX or staking MUXLP and can be staked or vested into MCB. The supply of MUX is capped at 1 million tokens, with a daily emission rate, and can be adjusted via governance proposals.
What Determines MUX Protocol’s Price?
The price of MUX Protocol, like many assets in the dynamic world of cryptocurrency and blockchain, is influenced by a complex interplay of market demand, technological advancements, and investor sentiment. At the heart of MUX Protocol's valuation is its unique proposition in the decentralized finance (DeFi) space, offering multi-chain leveraged trading with up to 100x leverage. This innovative feature set attracts traders and liquidity providers, driving demand for MUX tokens. As more users engage with the platform to leverage its high liquidity and advanced trading options, the increased usage and transaction volume can positively impact the protocol's token value. Additionally, the protocol's ability to aggregate liquidity across multiple chains enhances its appeal, potentially leading to greater adoption and, consequently, an uptick in price.
Another critical factor influencing MUX Protocol's price is its governance and tokenomics structure, particularly the role of MCB tokens. As the governance token, MCB allows holders to participate in key decision-making processes, impacting the protocol's future direction and updates. This governance aspect can significantly affect investor confidence and the perceived long-term value of the protocol. Furthermore, the protocol's mechanisms, such as the distribution of transaction fees and rewards to MCB and veMUX holders, create an economic incentive structure that can attract and retain investors. Market trends in the broader cryptocurrency and DeFi sectors, along with investor sentiment towards blockchain technology and leveraged trading platforms, also play a substantial role in shaping MUX Protocol's price dynamics.
MUX Protocol price performance in USD
MUX Protocol price history in USD
MUX Protocol market information
MCB to local currency
Crypto calculator- 1
- 2
- 3
- 4
- 5
How to buy MUX Protocol(MCB)
Create Your Free Bitget Account
Verify Your Account
Buy MUX Protocol (MCB)
Join MCB copy trading by following elite traders.
New listings on Bitget
Buy more
FAQ
What is the current price of MUX Protocol?
What is the 24 hour trading volume of MUX Protocol?
What is the all-time high of MUX Protocol?
Can I buy MUX Protocol on Bitget?
Can I get a steady income from investing in MUX Protocol?
Where can I buy MUX Protocol with the lowest fee?
Where can I buy MUX Protocol (MCB)?
Video section — quick verification, quick trading
Trade
Earn
BTC/USDT
SpotBTC/USDT
MarginBTC/USDT
USDT-M FuturesBTC/USD
Coin-M Futures