MX TOKEN (MX) is a decentralized digital asset developed by MEXC platform based on Ethereum. With MX as the value token, gradually improve the ecological content, so as to empower participants and builders, to provide a safe and stable trading experience for the majority of users, to become the industry leader.
MX is also the MEXC community's proof of interest. MEXC has the right to vote on the community business, elect the team and participate in the event first. MEXC has adopted the community vote proposal to reconstruct the rights distribution mechanism. From January 2022, 40% of all profits of the platform will be repurchased and destroyed on a quarterly basis from the secondary market. The original total supply of MX was 3 billion pieces, and now 2.55 billion pieces have been destroyed. The circulation target of MX 100 million remains unchanged.
MX holders can enjoy a number of benefits in MEXC, such as holding coins for new, discount subscription on voting coins, free airdrop on voting online and other welfare activities.
In addition, MX has a variety of application scenarios, such as transaction fee deduction (20% discount) on the trading platform (MEXC.com).