When will the mining of Mdex end (can’t find the coins mined in mdex)?

08/09/2023 08:08 • NFT Newsflash • 107 views

When will the mining of Mdex end? What should users pay attention to? 1. Mining Rewards: Staking MDX and MDX LP tokens can earn corresponding amounts of MDEX tokens as rewards.2. Mining Reward Distribution (monthly): A snapshot is taken every Wednesday.3. Mining Rules: The rate of 1 MDX per block produced will be calculated based on the MDX produced per block.4. Mining Start Time: After completing transactions on Tuesday or Saturday, rewards will be distributed based on the user’s MDX holdings.5. Mining Cycle: Within the first 24 hours of linear release, 500,000 USDT is generated in the liquidity pool daily. The remaining 500,000 USDT after daily halving will be locked for 6 months.

Can’t find the coins mined in Mdex

Editor’s Note: This article is from Blockchain in Plain Language (ID: hellobtc), author: Five Fireball Master, authorized reprint by Odaily Planet Daily.

Today, I saw news about “missing” tokens in Mdex:

In the recent updates, I found two issues:The first issue is with miners. Since I stored a large amount of MDEX tokens in trading mining and wallets, my mining machine did not lose connection or get disabled. The second issue is that since I have already sold all the MDEX, my mining machine’s hashrate did not disappear and can’t return to normal level, which is unfortunate.

Currently, I am still looking for reasons to fix these issues. However, what we need to do is simply check if our computers can resume normal operation. If not, we should upgrade to the latest version. Since the update, there haven’t been many reversals, and confirmation may have to wait for the next announcement. So the question is, why not reset your CPU first? Because it is too slow and often freezes. Also, to prevent fund damages or even running away due to hacker attacks, it is best not to set any hardware devices when using it. Therefore, in mdex, many users think that this vulnerability will definitely confuse or frustrate many users. However, what I can confirm is that some people do exploit this vulnerability for arbitrage, which poses a certain risk to the entire project.

So what can’t stop these malicious behaviors in this project? I think the main solution is to modify some code. For example, a while ago, I wrote an article called “The Pitfall of Liquidity Providers on Mdex.” The article mentioned: “There is a mistake here. When I took my phone, I suddenly felt that I had opened a certain exchange interface and then found another account but never connected to my account.” So I found the administrator WeChat account of that exchange: https://forum.im/gdx-r3ey8h6a4l0j1qn7o2w9kfv4pz4, and then I contacted the Mdex team to ask for help in fixing the problem. Later, the Mdex official gave an explanation, “I just want to remind everyone to pay attention to the following things: 1. If you want to deposit, you must first deposit some BTC and then transfer it to an address. 2. You need to withdraw some assets. If someone is willing to pay the fee (in terms of ETH), you can continue to wait and make sure to safely and promptly withdraw all users’ USDT instead of doing it every time. Of course, there is also a possibility of being afraid of missing this checkpoint. In addition, there is another possibility that your MdeX private key may be stolen – this is a big bug that may attract hackers’ attention.” I guess it’s because the total amount of loss is larger than initially estimated.

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When will the mining of Mdex end (can’t find the coins mined in mdex)?

Can’t find the coins mined in Mdex

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