Mdis Finance — Brand New Dex On Heco

Currently, there are two major dex projects on HECO, Mdex and Lava, with Mdex dominates the HECO by liquidity and TVL. Mdis dev team is taking this to the next level. We are now proposing a brand new yield farming mechanism that allows perpetual price increase with a sustainable and profitable farming yield with a timelock contract at launch.

Mdis is very similar to BSC Goose Project, according to their admin, there are currently 134 forks of Goose on BSC, and all the forks has dead, yet Mdis is the very first on HECO.

The problems we are trying to solve:

• Reduce the influence of Mdex, a giant dex taking too much, yet no contribution to ecosystem
• Insufficient token burn
• Rug pull, HECO has been treated as a rug pull paradise recently

Major Features

1) UNIQUE BURNING MECHANISM

• All V1 farm pools take a 4% burn when you stake（one time, no withdrawal fee）
• 3% will be used to purchase MDIS Token.
• 1% will be used to further develop this platform with other sites.
• Promote long term staking.

2) 0.2% Fee

• Mdis charges a 0.2% Liquidity Provider Fee. Among which, all fee goes back to Liquidity Provider.

Initial Pool Weight

V2 Pools: 58%
V1 Pools: 42%

LP Pools:
MDIS-HUSD   33.333333%   V2    
MDIS-HT     16.666667%   V2    
HT-HUSD     4.166667%       
USDT-HUSD   5.000000%       
HBTC-HT     2.500000%       
ETH-HT      2.500000%       
ETH-USDT    2.500000%       
DOT-HT      2.500000%       
BAG-HUSD    1.666667%       
MDX-HUSD    1.666667%       
MDX-HT      1.666667%
Single Pools:
MDIS   8.333333%  V2     
HUSD   4.166667%       WHT   2.500000%       USDT   3.333333%       WBTC   1.666667%       ETH   1.666667%       HBO    0.833333%        HPT    0.833333%       DOT   1.666667%       MDX    0.833333%

Tokenomics

• Total Supply: 1 billion
• Initial LP : 200,000 MDIS : 20,000 HUSD
• Listing Price : 0.1 HUSD
• Farm Rewards: 90.91%
• Team Share: 9.09%
• Block generation cycle: 3 seconds on average
• Block reward: 80 MDIS/block
• Halving cycle: every six months

Roadmap

1)There will be lottery system, part of the burn fee will be further sent into the lottery pool.
2) Team will corporate with projects like HFI, CoinWind, and EarnDefi for V2 pools compound farming.
3) More to come

Find more on:
Website: https://ht.mdis.finance/#/swap
Twitter: https://twitter.com/MdisFinance
Telegram: https://t.me/mdisfinance