MX Presyo

The total supply of MX tokens is capped at 1 billion, with a current circulating supply of around 100 million tokens. This supply is managed through a regular buyback and burn program, where 40% of MEXC’s profits are used to buy back and burn MX tokens quarterly. This helps maintain the token’s scarcity and potentially increases its value.

The initial token distribution allocated 450 million MX tokens to the MEXC team, locked and never distributed. The distribution also includes:

> Foundation Reserve: 100 million tokens for team incentives.

> MEXC Labs: 150 million tokens for ecosystem development.

> Strategic Partnerships: 100 million tokens for collaborations.

MX Token (MX) launched in April 2018 as the native token of the MEXC Exchange. It was created to serve multiple functions within the MEXC ecosystem, offering users benefits like trading fee discounts, voting rights, and participation in events such as Launchpad and Kickstarter.

The token was initially developed by a team led by the MEXC Exchange founders, and it operates on the Ethereum blockchain as an ERC-20 token. MEXC has committed to a buyback and burn program, using 40% of its profits to reduce the circulating supply of MX tokens, maintaining scarcity and potentially increasing its value.

The roadmap for MX Token includes several phases:

1. Initial Development and Launch: Focused on building a secure infrastructure.

2. Building a Strong Ecosystem: Involved strategic partnerships and integrating MX Token into various platforms.

3. Enhancing Scalability and Privacy: Improved transaction processing and privacy features.

4. Expanding Use Cases and Adoption: Collaborated with businesses to use MX as a payment solution.

5. Global Outreach and Community Engagement: Raised awareness through educational initiatives and community events.

MX Token (MX) is the native token of the MEXC platform, developed on the Ethereum blockchain. It offers various benefits to its holders, including discounted trading fees, voting rights on business decisions, and participation in community activities. Holding MX tokens also grants access to exclusive features like the MEXC Launchpad and Kickstarter, where users can vote on and support new projects and receive airdrops.

MX Token is deflationary, meaning MEXC buys back and burns a portion of the tokens using the trading fees collected, which reduces the overall supply and can increase the token's value over time.

The $MX token is the native cryptocurrency of the MEXC platform, built on the Ethereum blockchain. It serves multiple purposes within the MEXC ecosystem, offering several benefits to its holders.

1. Fee Discounts: By holding MX, you get a 20% discount on trading fees. You can also use MX to offset futures trading fees and get a 10% discount.
2. Participation in Events: MX holders can participate in MEXC Launchpad and Kickstarter events, which often involve voting on new projects and receiving airdrops. This can bring additional tokens and benefits to active participants.
3. Voting Rights: Holding MX tokens gives you the right to vote on business decisions, project listings, and team elections within the MEXC platform. This helps ensure that the community has a say in important matters.
4. Referral Rewards: You can earn commissions by inviting friends to trade on MEXC. The more MX tokens you hold, the higher the commission percentage you can earn, up to 70%.
5. Token Burns: MEXC regularly buys back and burns MX tokens using part of its profits. This reduces the circulating supply and can increase the token's value over time.