MEXC has experienced remarkable growth in recent years. In return, MX Tokens became one of the very popular tokens among our loyal traders. As we are reaching the end of the year 2023, it becomes imperative to analyze and see the growth of MX Token over this period. In this article, we will delve into the journey of MEXC and our achievements in 2022. We will also be looking at some new growth in MEXC and MX tokens in the year 2023.
What is New for MX Token and MEXC in 2023?
MX Token in 2023
It was major sunshine and rainbow for the first half of 2022. However, the situation took a major turn after the collapse of FTX and Terra. At the end of the year, MX tokens were trading merely at $0.7835. However, 2023 brings hope back to the community.
In a few short months, MX tokens gained a 280% increase in value, achieving $3.7 USDT. We are already growing more than we did in 2022. Despite the bearish market that follows, MX token value manages to persist and continuously remain above the $2 USDT line. In fact, at the time of writing, MX tokens are steadily climbing back up to hit the $3.00 zone.
Furthermore, there was a 25% increase in MX Token holders. As a result, we were able to achieve stunning success on the “buyback and burn project”. Our circulating supply of MX tokens is able to remain at 100,000,000. This maintains market scarcity and token value.
Additionally, we were able to add more features to better benefit our users. For example, our small balance conversion to MX Token allows users to convert 99 small tokens instantly!
What Did MEXC Achieve in 2022?
2022 was a tough year for many crypto enthusiasts. This goes the same for us as an exchange. However, we never stop in our plans to excel every day. Let us look at some of our achievements.
1. Launching the World’s First Blue-chip NFT Index
MEXC has introduced the world’s first Blue-chip NFT Index. It offers a diverse selection of listed blue-chip NFT Indexes including Moonbirds, Clone X, and more. This initiative lowers the barriers to purchasing blue-chip NFTs. Users can trade fractional portions of NFTs, rather than buying complete ones. Holders of NFT Index tokens also have the option to redeem them for a complete NFT when the share reaches a full NFT exchange ratio, adding flexibility to their investment.
2. The Volume Leader in Leveraged ETF Trading
MEXC emerges as the volume leader in leveraged ETF trading. We are positioning ourselves as the go-to platform for this increasingly popular trading product. We introduced an automatic rebalancing mechanism that prevents balances from approaching zero and eliminates the risk of liquidation. Furthermore, the compound interest effect enhances profitability, providing higher returns compared to margin or futures products with the same leverage.
3. No. 1 in Perpetual Futures Liquidity
MEXC has achieved the remarkable feat of securing the number one spot in perpetual futures liquidity. MEXC has emerged as the global leader in liquidity provision through four years of continuous technical upgrades and product optimization as of September 2022. This achievement is exemplified by MEXC’s coverage of the top 50 mainstream tokens and its position among the top three trading platforms, alongside Bybit and Binance.
What did MX Token Achieve in 2022?
Our MX token growth is a direct reflection of our exchange’s growth. It is also an indicator of the market’s sentiment towards crypto growth. Thanks to our users’ support, we are able to reach 10 million users worldwide. Furthermore, our token managed to reach a high of $2.96! We also managed to achieve the target of 100 million MX tokens in circulation.
As a result, we are able to begin the plan for the MX 2.0 proposal. We started reallocating 450 million MX Tokens from the Foundation Reserve. In January 2022, the platform will initiate a “Buy-Back and Burn” program, wherein 40% of the platform’s profit will be dedicated to quarterly repurchases and subsequent burning of MX Tokens. The ultimate objective is to sustain the circulating supply of MX Tokens at 100 million, ensuring a controlled and optimal token distribution.
MEXC in 2024
Coming forward in 2024, we understand the importance of cryptocurrency exposure. We are also adhering to the idea of customers first. Therefore, we are pouring all our resources into MEXC Launchpad and Kickstarter. These platforms serve as a spot for our loyal MX token holders to receive free airdrops daily!
It is also the best way to increase new token exposure and liquidity. Killing two birds with one stone sounds good, right? In a mere few months, our Launchpad managed to bring in amazing projects that saw more than 2,000% growth. Even better, we gave users a free airdrop of the tokens while it is still at the initial listing price.
MEXC is also constantly upgrading features across our platform. Quick Commit Button is one great example. It allows users to participate in all events with a single click. However, we do not plan to stop here. Our team is committed to further improving our features, bringing user satisfaction to the maximum.
How to buy MX Token (MX)
You can buy MX Token (MX) on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “MX” using the search bar to see the available trading pairs. Take MX/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of MX you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy MX] to confirm your order. You will find the purchased MX in your Spot Wallet.
You can find a detailed guide on how to buy MX tokens here.
What is New on MEXC Launchpad and Kickstarter?
Did you know, MX Zone, Launchpad, and Kickstarter got themselves a new facelift? Now, you can check up on different statistics such as personal APY, amount of projects, and many more!
Learn all about the new updates at: The Biggest Update of MEXC Launchpad in 2023
If you find it hard to navigate the MX Zone, then this article is for you! Learn all the features and privileges that you as a MX token holder can get!
Find out how to navigate MX Zone right here: Welcome to The MEXC Ecosystem
Join MEXC and Start Trading Today!
