Fifth Bi-Weekly Report — MCDEX
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.
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.
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.
First Round of Funding
We announced the first round of funding from key stakeholders of the industry. Read the official announcement here.
Support added for Italian and Spanish Languages
Financial Report for August
We shared the financial report for August. It mentions the assets, liabilities, expenses, and assets flow.
Community Engagements
Video AMA with DeFi Italy on Sep 2
2. AMA with Just DeFi Telegram Community on Sep 3
3. MCDEX CEO Liu Jie was on a live show organized by Binance Smart Chain on Sep 3
4. AMA with Crypto ID Telegram Community on Sep 7
5. DaoChemist hosts DeFi_Dad on his podcast.
6. AMA session with Crypto Calibur Telegram Community on Sep 14
We look forward to more developments and progress! Stay tuned! Thank you for being a part of the MCDEX community!