MX

MX Price

About MX (MX)

MX is the native utility token of the MEXC cryptocurrency exchange, designed to power the platform's ecosystem and provide incentives for its users.

• Holders receive a 20% discount on spot and contract trading fees on the MEXC platform.
• The token enables participation in Kickstarter and Launchpool events, allowing users to earn free airdrops of new project tokens.
• MEXC implements a buyback and burn mechanism, utilizing platform profits to reduce the total supply of MX over time.

What Is MX

MX is the core asset of the MEXC exchange, a centralized exchange that serves a global user base. The token was launched to align the interests of the platform with its community by offering a range of financial benefits and participation rights. Value flows through the system as the exchange grows; increased trading activity generates higher platform revenue, a portion of which is dedicated to the token's deflationary burn program.

Holders can "put their tokens to work" by committing them to various incentive programs. This utility scales with the ecosystem; as more projects launch on MEXC, the frequency and variety of airdrop opportunities for MX holders typically increase.

What Makes MX Unique

• Deflationary Supply: MEXC maintains a commitment to reducing the MX supply through periodic buyback and burn events, aiming for a long-term reduction in the circulating tokens.
• Airdrop Ecosystem: Unlike many exchange tokens that focus solely on fee discounts, MX is deeply integrated into the platform's "Kickstarter" and "Launchpool" modules, which serve as a primary gateway for users to acquire new tokens at no additional cost.
• Small Asset Conversion: Users can sweep small, non-tradable balances of various cryptocurrencies into MX, helping to consolidate fragmented holdings into a single utility asset.

What Can You Use MX for?

• Fee Optimization: Reduce trading costs by opting to pay fees with MX or simply holding the required amount to unlock tiered discounts.
• Yield and Airdrops: Participate in staking and commitment events to receive rewards from emerging blockchain projects.
• Governance and Voting: Use tokens to vote on new listings and other platform-related supervision activities.
• Affiliate Enhancements: Affiliates who hold significant amounts of MX can qualify for higher referral commission rates of up to 70%.

How Does MX Work?

MX is primarily issued as an ERC-20 token on the Ethereum blockchain, ensuring compatibility with a wide range of decentralized wallets and services. It also operates on the Morph Layer 2 network to facilitate faster and more cost-effective transfers.

As an application utility token, MX does not function as a network gas token. Instead, it acts as a medium for protocol service fees and incentive distribution within the MEXC application layer. The platform's smart contracts and internal accounting systems track MX holdings to automatically apply discounts and calculate airdrop eligibility based on the user's average holdings over a specific period.

Team Info and Investors

MX was launched by MEXC Global, a centralized cryptocurrency exchange established in 2018. While the project does not publicly disclose a traditional list of venture capital investors in its primary documentation, its development is driven by the MEXC core team. The platform operates under a centralized governance structure where the exchange's management oversees tokenomics, burn schedules, and the selection of projects for the Kickstarter and Launchpool programs.

Where can you buy MX?

MX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade MX is MEXC, where the most active trading pair MX/USDT has a trading volume of $4,312,438.50 in the last 24 hours. Other popular options include LBank and GroveX.

What is the daily trading volume of MX (MX)?

The trading volume of MX (MX) is $9,134,603.37 in the last 24 hours, representing a 95.80% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for MX (MX)?

MX (MX) reached an all-time high of $5.85 and an all-time low of $0.04218. It’s now trading -67.90% below that peak and 4,352.50% above its lowest price.

What is the market cap of MX (MX)?

Market capitalization of MX (MX) is $172,468,479 and is ranked #206 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MX tokens (92 Million tokens are tradable on the market today).

What is the fully diluted valuation of MX (MX)?

The fully diluted valuation (FDV) of MX (MX) is $768,139,577. This is a statistical representation of the maximum market cap, assuming the maximum number of 410 Million MX tokens are in circulation today. Depending on how the emission schedule of MX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of MX compare against its peers?

With a price decline of -2.90% in the last 7 days, MX (MX) is underperforming the global cryptocurrency market which is up 3.40%, while outperforming when compared to similar Exchange-based Tokens cryptocurrencies which are down -3.60%.

How to add MX (MX) to MetaMask?

Adding MX (MX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import MX as a token. You can copy MX’s contract address (0x11eef04c884e24d9b7b4760e7476d06ddf797f36) and import it manually, or if you've installed MetaMask's chrome extension, add MX to MetaMask with one click on CoinGecko.

Add MX to MetaMask.