MEXC Survey: Community’s Understanding of MX Token

Hong Kong, April 12, 2023MEXC is one of the top 10 exchanges worldwide. During the Hong Kong Web3 Festival 2023, a survey was conducted to understand the community’s opinion on MX Token. A total of 3000 participants took the time to help us with the survey. The survey covers the scope of MX Tokens including:

  • Awareness of MX Token
  • Token holders’ age and location demographics
  • Understanding of MX’s Functionality
  • MX Token Price Predictions

Below are the key findings.

MEXC Survey: Community’s Understanding of MX Token
MEXC Survey: Community’s Understanding of MX Token

Awareness of MX Token

  • 86% of respondents are aware of MEXC along with MX tokens.
    • Among the respondents, 53% are currently using MEXC for spot and futures trading.
    • Only 9% of respondents are aware of MX token trading pair availabilities such as MX/BTC and MX/ETH.
  • 14% are not aware of MEXC as a cryptocurrency exchange.

MX Token Holder Demographics

  • 63% of MX Token holders belong in the age range of 20-30.
  • 26% of token holders came from the age group of 30-40.
  • The 40-50 age group took up 8% while the remaining holders took up 3%.
  • Among the MX Token holders, 93% were of Asian demographics.

Understanding of MX Token’s Functionality

  • 95% of token holders are aware of MX Token’s functionality other than just a coin of investment.
    • 75% of respondents actively participate in MEXC’s Kickstarter Campaign using MX Tokens.
    • 67% of respondents actively participate in MEXC’s Launchpad using MX Tokens.

MX Token Price Predictions

  • 62.9% of respondents believe that the MX Token price will continue to increase.
    • 0.6% of the surveyed think that MX Token will reach $100 USD by 2025.
    • 58% of the respondents predict that MX Token will achieve $10 USD by 2025.
  • 9.3% of the respondents predict that the MX Token price will fall.
  • The remaining respondents foresee MX Token prices continuing sideways.

According to the survey findings, the majority of crypto traders are aware of MX Tokens along with their functionalities. Furthermore, most MX holders belong to the younger age group. The community is also confident in MX Token’s capability to increase in value over time.

What is the Usage of MX Tokens?

The MX token has several use cases and benefits for its holders. These include a fee deduction function that provides discounts for trading contracts and spot trading fees. There is also an exclusive section called MEXC Launchpad that offers high-quality initial project airdrops to token holders.

Furthermore, token holders have the ability to vote and support projects in the MEXC Kickstarter Campaign for a chance to receive an airdrop, and the option to increase the commission ratio by holding MX tokens and inviting friends to trade. The MX Zone provides more information about these functions and upcoming updates. Learn more about MX Token right here!

How to buy MX Token (MX)

You can buy MX Token (MX) on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “MX” using the search bar to see the available trading pairs. Take MX/USDT as an example.
  3. 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 The MEXC Ecosystem?

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!