KDX Dao is the first Huobi Heco chain-based DeFi project in South Korea, a decentralized trading product that operates on the concept of an automated market-making liquidity pool. It combines the benefits of low transaction fees from the Huobi Eco Chain and the thriving ecosystem of Ethereum, supporting a "dual mining mechanism" for both liquidity mining and trading mining, aimed at creating a fully functional DEX.
KDX Dao launched in mid-March 2021, with its initial fundraising reaching $800,000. The goal for KDX Dao in 2021 was to establish a Dao, and through collaborative cryptocurrency nurturing, global DeFi education, and partnerships with ten high-quality DeFi projects, build a comprehensive ecosystem.