MX (MX)
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About MX
MX (MX) is the native ERC-20 utility and governance token of the MEXC cryptocurrency exchange. Launched in June 2018, MX aligns user incentives with platform growth by powering fee discounts, airdrop voting, exclusive launchpad access, DeFi staking, and quarterly buyback-and-burn programs. With a max supply of 416 million tokens (40% of MEXC’s profits dedicated to buybacks), MX offers both deflationary pressure and community-driven governance over listings, promotions, and protocol parameters.
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News
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Frequently Asked Questions about MX
What is the MX token?
MX is MEXC Exchange’s native ERC-20 token. It grants holders fee discounts, priority in token sales, access to exclusive airdrops, and voting rights on key platform decisions.
How do I get fee discounts with MX?
By holding MX in your MEXC account or paying trading fees with MX, you receive a 20% base discount on spot fees, plus additional tiered rebates based on your MX balance level.
What are MX airdrops and launchpad events?
MX holders can vote in launchpad events to decide which new projects list on MEXC. Participants earn free airdropped tokens, and selected MX stakers gain priority allocation in launchpad IDO sales.
What is MX-DeFi and savings?
MX-DeFi lets you stake MX and other tokens in yield farms on MEXC for competitive APYs. Savings products offer both flexible and fixed-term locking of MX with promotional high-APR pools for new users.
How do buybacks and burns work?
Each quarter, MEXC allocates 40% of its profits to buy MX on the open market and then burns those tokens. This deflationary mechanism aims to reduce total circulating supply to 100 million MX over time.
How can I participate in MX governance?
MX holders can submit and vote on governance proposals, covering new listings, fee structure changes, and promotional campaigns, through MEXC’s community governance portal.
Where can I trade MX tokens?
MX is traded primarily on MEXC Exchange (MX/USDT). It is also available on other CEXs such as HTX and GroveX, and on DEXs like Uniswap (MX/WETH, MX/USDT).
Which wallets support MX?
Any Ethereum-compatible wallet supports MX, including Bitcoin.com Wallet, MetaMask, Trust Wallet, and Coinbase Wallet via WalletConnect. Hardware wallets like Ledger and Trezor integrate through MetaMask.
What are the risks of holding MX?
As an exchange token, MX’s value is tied to MEXC’s performance, trading volume, and tokenomics. Regulatory changes, exchange security issues, or shifts in platform popularity can affect MX price.
How do users benefit long-term from MX?
Long-term MX holders benefit from compounded fee savings, recurring airdrops, deflationary buybacks, and governance influence, aligning token value growth with the exchange’s success.