Modex

Modex is a DeFi ecosystem developed on a blockchain network. Its objective is to offer a platform for applications that want interconnection in a decentralized finance ecosystem. The MODEX utility token is the governing currency of the Modex ecosystem, and it allows stakeholders to join Modex Network.

The decentralized governance of the interrelated tools, modules, and frameworks is controlled by the Modex BCDB (blockchain database). Tendermint core is the blockchain engine utilized by Modex BCDB, with different tweaks and layers. All the levels are designed to assist in providing interoperability across three sub-networks:

• Financial sub-network: Certified payments infrastructure and services
• Developer sub-network: Connections and modules for Modex
• Business sub-network: Adaptable components for integration. Enterprise applications, DeFi tools and services, and token utilities are the use-case clusters that are addressed by the Modex Network. It serves as an application programming interface.