
Frequently Asked Questions
Questions & answers around MetaDEX, Cardano & DEXes in general


A decentralised exchange (DEX) is a platform on which you can buy and sell various crypto assets on a blockchain from the safety of your personal wallet. There are no traditional administrative or financial intermediaries who can restrict you, alter the rules without majority consent, or brazenly ask for too much of your private information. On a DEX you can also provide liquidity to earn trading fees and governance tokens.
Read more about DEXes here or here.
Read more about DEXes here or here.
MetaDEX is a decentralized exchange on the Cardano blockchain. Aiming at high social standards & continuous innovation, MetaDEX combines a diverse range of previously mutually exclusive features from other DEXes, such as impermanent loss insurance, smart tokens, and portfolio & range pools.
Learn more about our ideas & concepts here
Learn more about our combination of features here
Learn more about the people behind the ideas & concepts here
Learn more about our ideas & concepts here
Learn more about our combination of features here
Learn more about the people behind the ideas & concepts here
Cardano is an open-source blockchain built on peer-reviewed research and functional programming language. The research-driven approach and functional programming language provide strong security and innovative features. Founded in 2015, and launched in 2017, Cardano facilitates transactions with its native cryptocurrency ‘ADA’. Transactions & consensuses are reached with proof-of-stake protocols, the more energy efficient alternative to proof-of-work protocols such as Bitcoin and Ethereum. In addition, the smart contract language on Cardano is also a functional programming language for security of financial service such as DEXes.
Find out more about Cardano here
Find out more about Cardano here
From a technical perspective, MetaDEX is set to offer a combination of a wide range of features based on an efficient proof-of-stake protocol and with high financial security. From a philosophical perspective, our anarchistic intent of ousting traditional financial intermediaries from their current positions of power to create a more decentralized & financially accessible world goes well in line with Cardano’s mission of creating possibilities for many & bringing about positive global change.
Learn more about our combination of features here
Learn more about our mission & vision here
Learn more about our combination of features here
Learn more about our mission & vision here
Anyone with ADA in their wallet can delegate their cryptocurrency to the METAX pool on Cardano to support the project and secure tokens at and after launch. MetaDEX was earlier called Mirqur, so the pool ticker was changed from MRQR to METAX. There is only one pool, we have seen other crop up but these are scams. Don't get scammed lovely people!
Find out more about our METAX pool here
Find out more about our METAX pool here
MTDX is the governance token on MetaDEX. This means that holders of the token can propose and vote on changes to the DEX. This is part of our vision for a fairer and more decentralized world in which everyone involved in a project has direct voting power. Before the launch you can delegate to the METAX pool to receive MTDX tokens. After launch you can receive MTDX tokens by providing liquidity to the DEX.
Find out more about our METAX pool here
Learn more about our combination of features here
Find out more about our METAX pool here
Learn more about our combination of features here
To get started immediately, you can delegate your ADA to the METAX stakepool. The token will be given out in fixed chunks after launch on Mainnet - but distributed proportionally among each epoch's delegators; so the longer you stake, the more tokens you get. To become part of the MetaDEX community, you can also follow us & subscribe to our media channels. We invite you in particular to join our delegator channel on Discord where we are already now experimenting with decentralized governance and share information here first. If you are interested in collaboration, please let us know.
Find out more about our METAX stakepool here
Find out more about our METAX stakepool here
ISPO stands for initial stakepool offering. It means you can delegate your ADA to a stakepool and receive other tokens for doing so.
Yes! Our pool fee is currently set to 5%, meaning you will get ADA rewards per epoch as usual.
Yes! Head over to https://airdrop.metadex.fi to learn more.
It closes when the DEX launches (we are planning for Q1-Q2 2022)
Yes, you will receive tokens for the period you delegated to the stakepool.
Tokens will be distributed at and after launch, on a vesting schedule similar to the vesting schedule for the team.
You do not need to create a new wallet. Most likely you will need to claim the tokens, this is for tax reasons.
Quite soon but no date. We're currently testing internally, next then is testnet.
https://youtu.be/pv-WLns9-UM?t=43
https://youtu.be/pv-WLns9-UM?t=43
Building on a moving train. Plutus has changed, and there is an infrastructure currently being built which we need to build on top of.
https://youtu.be/pv-WLns9-UM?t=202
https://youtu.be/pv-WLns9-UM?t=202
Yes. Follow our socials for information about this
No set date, it will depend on various factors
https://youtu.be/pv-WLns9-UM?t=408
https://youtu.be/pv-WLns9-UM?t=408
We chose the name MetaDEX for several reasons, for example that MetaDEX integrates insights from several dexes into a mathematical whole and is therefore a metadex, and because our community voted for this as the name to change to before Facebook rebranded.
https://youtu.be/pv-WLns9-UM?t=636
https://youtu.be/pv-WLns9-UM?t=636
We are looking at various possibilities, both on-chain and off-chain. All other things being equal, on-chain is better for safety, while off-chain is better for scaling. For a deeper explanation see https://youtu.be/pv-WLns9-UM?t=1300
A better version of Balancer's portfolio pools, including single-sided liquidity provision and meta-pools. See more at https://youtu.be/pv-WLns9-UM?t=2879 and https://metadex.fi/features/
NFT giveaways, Twitter spaces, dedicated Discord channel for delegators to simulate decentralized governance, Telegram calls, community challenges. See further explanation at https://youtu.be/pv-WLns9-UM?t=3569
Yes. We are continually looking for people and are also working with external partners also. For more information see https://youtu.be/pv-WLns9-UM?t=3680
There have been funding issues previously but it is looking much better now. See further explanation at https://youtu.be/pv-WLns9-UM?t=4021
It's a matter of capacity at the moment, as the focus currently is to build the DEX. See further explanation at https://youtu.be/pv-WLns9-UM?t=4468
We're currently thinking v.1 or v.1.1. See further explanation at https://youtu.be/pv-WLns9-UM?t=4590
Math that increases capital efficiency, bringing good ideas from various DEXes into a single DEX (portfolio pools, single-sided liquidity, concentrated liquidity, diode pools, smart tokens), and good tokenomics and community for decentralized governance. See more at https://youtu.be/4qTVIq-MLao?t=202
Audits, open source, bug bounties, formal verification of mathematics. See more at https://youtu.be/4qTVIq-MLao?t=1260
MetaDEX has been delayed. Things are progressing ahead. There have been some internal issues that are fixed. There are some Cardano blockchain issues that are being improved on. See a more nuanced response here https://youtu.be/4qTVIq-MLao?t=1912
MetaDEX is not a marketing-first project but we do need to do more here, and have started building on this from the beginning of 2022. See more here https://youtu.be/4qTVIq-MLao?t=2854
We are working with auditors during development and are likely to be audited. See more here https://youtu.be/4qTVIq-MLao?t=3841