MX Token is now a significant player in the crypto market, offering a great and fruitful journey to all holders. Therefore, this article delves into the history of MX Token, starting from its inception while exploring its various applications. We will also highlight the remarkable achievements it has accomplished along the way. Let’s go!
Historical Review: The Creation of MX Token
MX token came into existence in April 2018 as a revolutionary concept. Meanwhile, its journey began with the inauguration of the MEXC Exchange. It was created to be the heart of MEXC, growing alongside the performance of our platform and the trust that the community gave. Now, the MX token’s role is changing. We want it to be a reward for everyone who supported us through thick and thin.
The rules governing MX Tokens are simple. 40% of the platform profits will go to the buyback and burn program. This will help maintain the circulating supply of MX Tokens at 100 million, ensuring scarcity and exclusivity.
Meanwhile, we are allocating 100 million to the Foundation Reserve to incentivize the MEXC team with a vesting and quarterly release schedule, ensuring transparency and fairness from the very start. Furthermore, 150 million MX Tokens will be allocated to set up MEXC Labs. This will serve as the investment arm of MEXC, facilitating the growth of the MEXC ecosystem.
What Did We Do After MX Token’s Launch?
As the MX token progressed, it evolved to serve a wide range of applications within the MEXC ecosystem.
Discounts and Referral Rewards For all MX Token Holders
It all started with huge discounts on the MEXC platform. Its standout feature is the ability to offer a 20% deduction on spot trading fees. It was an attractive choice for traders looking to optimize their trading costs. Of course, with the current 0.00% maker and taker fees on the MEXC spot market, this benefit is no longer needed. However, holding MX tokens for 10% futures trading fee discounts has made it a preferred platform for traders seeking lucrative opportunities in the derivatives market.
MX token doesn’t just stop at trading benefits. It also encourages users to invite friends, offering them higher referral rewards of up to 70%. This referral program has attracted a large user base and contributed to MX’s rapid growth.
Free Airdrops and More Free Airdrops
To further engage with the community, MEXC has introduced free airdrop events. They are respectively the Launchpad and Kickstarter events. The key element for them? MX tokens. By holding MX tokens and nothing else, users are getting more than 30 free airdrops weekly with an APY higher than 50%. These events not only reward loyal users but also serve as a platform for amazing new projects.
What We Have Achieved So Far?
MX’s journey has been marked by several remarkable achievements that reflect its growing influence on the cryptocurrency market.
- 20% Growth in MX Token Holders
The number of MX holders has witnessed an impressive 20% growth. This showcases the increasing trust and adoption of MX among cryptocurrency enthusiasts.
- 35% Increase in Event Participants
MX’s various Launchpad and Kickstarter events have seen a substantial 35% increase in participation, highlighting the engagement and excitement it brings to its users. It also highlights the quality of projects that are available on MEXC.
- 59% Annual Percentage Yield From Free Airdrops
Launchpad and Kickstarter have consistently delivered impressive returns. It comes with high-quality projects yielding an attractive 59% return rate. Therefore, it is now a preferred choice for investors seeking financial growth.
- 320% Increase In Free Airdrops
As Launchpad and Kickstarter continue to expand, we saw huge growth in the number of free airdrops! When we first started in February and March 2023, there were only 37 events in total. meanwhile, we are looking at 155 free airdrops in August alone! That is a whopping 320% increase! This provides users with a diverse range of opportunities and rewards within the platform.
- 740% Prize Pool Growth
In a short year, the prize pool for Launchpad and Kickstarter events witnessed a 740% gain. We were very proud in February when the prize pool for airdrop rewards achieved an astounding amount of $1.1 Million USDT. Little did we know, the prize pool for MEXC events in August managed to achieve almost $10 Million USDT!
What Can We Expect Next From MEXC Ecosystem and MX Token?
The journey of MX Token has been a testament to its resilience, innovation, and commitment to its mission. From its humble beginnings to its current position as a prominent cryptocurrency, MX Token has continuously evolved, benefiting both its community and the broader crypto space.
However, the future is limitless. With the success of MEXC Launchpad and Kickstarter, it is more than possible that MEXC will create new events to benefit all loyal holders. Furthermore, the events that are currently growing at an unprecedented rate might grow even more. Who’s to say we will not achieve 200 or even 300 free airdrops monthly in the future? Only time will tell. Therefore, hold MX tokens now to maximize your rewards and benefits!
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.
Conclusion
MEXC will only grow bigger and better. This means more free airdrops than ever for MX token holders. Participate now and reap rewards like never before!
Meanwhile, check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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