What is MX Token (MX)

MX TOKEN or MX (MX/USDT – Trade it here) is the native decentralized digital asset developed by the MEXC platform based on the Ethereum blockchain. Founded in April 2018, MEXC is a global leading crypto asset trading platform that provides spot, ETF, leverage, and contract trading. It is currently serving more than 10 million users. With deep financial and technology backgrounds, the core members of the team work towards the same goal of optimizing users’ trading experience with the professionality and security of financial products.

MEXC MX Token

Core Features of MEXC (MX)

MEXC Global utilizes a high-performance trading engine that has been developed by experts from the banking industry and is capable of completing 1.4 million transactions per second, which results in groundbreaking efficiency and enhanced performance. Some key features include:

  • Safety and Stability. Stability is supported by the multi-tier, multi-cluster system architecture.
  • High performance. Trade matching engine technology can handle up to 1.4 million units per second.
  • High Liquidity. 7+ Million traders along with MEXC GLOBAL partners support liquidity and abundant resources on the platform.
  • Multi Cryptocurrency Support. MEXC has listed more than 1,400 trading pairs and cryptocurrencies including BTC, ETH, DOT, ATOM, XRP, SHIB, GLMR, FIL, AR, AAVE, SOL, CRV, etc, which covers crypto assets from Layer 0, Layer 1, DeFi, GameFi, Metaverse, DAO, MEME, etc. 

MX Tokenomics

MX is the official token of the MEXC platform. 100% of the profits from spot trading and ETFs on MEXC will be burned through MX. The main uses of MX include:

  • Pay for trading and transaction fees
  • Project listing voting participation
  • Airdrop bonuses for MEXC users and traders
  • MX DeFi mining

and etc. MX has also launched the “Everything Growth Plan” which aims at offering additional utilities such as on-chain lending, liquidity mining, and DEX trading to improve the MX token economy and increase MX usage scenarios.

As part of the initial token design, 450 million MX token was committed to the MEXC team but was locked and never distributed to the team. The following is an overview of the MX reserve distribution:

  • MEXC Foundation Reserve: 100,000,000 MX Token
  • MEXC Labs: 150,000,000 MX Token
  • MEXC Strategic Partnership: 100,000,000 MX Token
  • Immediate Burn: 100,000,000 MX Tokens.

For the interest of the MX community, MEXC will continue the “Buy-Back & Burn” program of the MX Token. We will commit 40% of the MEXC platform profit to buy back and burn the MX Token from the market quarterly, with the goal of maintaining a circulating supply of MX Token at 100 million.

Recent Price & Performance of MX Token (MX)

Currently, their market price is $0.8098 per unit. It has a market cap of $80,975,499 and a fully diluted market cap of $365,069,559. It also has a 24-hour trading volume of $636,007. You can check the live price of our 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 token here.

Keep Yourself Updated With The Crypto Trend

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! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. 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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