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MX Token

MX Token (MX)

$ 1.91
0.6 %
Main info
News
Comments
Markets
Analytics
Market cap
$175.69M
0.6 %
Volume (24h)
$2.73M
0.6 %
Circulating supply
93,475,334 MX
Total supply
409,024,834 MX
Max. supply
1,000,000,000 MX

About MX Token

Overview of MX Token

MX Token (MX) is a decentralized digital asset developed by MXC based on Ethereum. It is the proof of stake in MXC communities---holders enjoy the rights to vote in MXC ecosystem, elect MXC team members and participate various community activities.

Token Supply and Buy-Back Mechanism

The total issuance amount of MX is set to be 1 billion, among which 30 million MX has already been burnt. The total circulating supply now is about 270 million. MXC has used 100% profit from trading fees each day to buy-back MX from secondary market and then burn them on the last day of every month since July 1, 2019, till its total supply reaches 100 million.

Role in MXC Ecosystem

As token of MXC, MX empowers all community builders and participants, improves MXC ecosystem and helps MXC becoming a leading digital asset trading platform that provides secure, stable and convenient services for all users.

Key data

updated $0
Market cap$175.69M
Volume 24h$2.73M
Circulating supply93.48M9% of max 1B
All-time high$5.85-67% from peak · 2024-04-09

MX Token (ticker: MX) is the native utility token of the MEXC exchange ecosystem, one of the global crypto trading platforms. In simple terms, it's a digital asset built on a token standard that gives holders perks within the exchange — like fee discounts and participation in platform activities. Think of it as a loyalty and utility coin tied to a specific exchange's services rather than a standalone blockchain.

Frequently asked questions

What is MX Token and how is it different from Bitcoin?

MX is the utility token of the MEXC exchange, while Bitcoin is a decentralized cryptocurrency running on its own blockchain. MX exists to power services within a specific trading platform — fee reductions, voting on listings, and access to token sales. Bitcoin aims to be a global store of value; MX is essentially an ecosystem token for one exchange's users.

How does MX Token work technically?

MX is not a coin on its own blockchain but a token issued under a token standard (standard 3, similar to ERC-20), meaning it runs on top of an existing blockchain infrastructure. This makes transfers fast and cheap, since the token inherits the underlying network's security and performance. The token's functions — fee payments, governance votes, event access — are handled by the exchange's systems.

How is MX supply and emission structured?

MX has a hard cap of 1,000,000,000 coins, meaning no more than that can ever exist. This fixed maximum supply is a deliberate design choice to prevent unlimited inflation of the token. Beyond the cap, the exchange has historically used buyback-and-burn mechanisms, reducing circulating supply over time.

How can I store and use MX Token?

Since MX lives within the MEXC ecosystem, the simplest way to hold it is in your MEXC exchange account, where it's used for trading fee discounts and platform activities. If you prefer self-custody, you can withdraw it to a wallet that supports its token standard. Always double-check the network when transferring, as sending via the wrong network can result in lost funds.