MX Token (MX) Live Price and charts Today

What is MX Token?

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.