by The native currency of the MEXC platform, which is based on the Ethereum blockchain, is the decentralized digital asset known as the MX token. About 10 million users worldwide are currently served by MEXC, a prominent global platform for trading crypto assets. MEXC offers a variety of trading options, including spot, ETF, leverage, and contract trading.
Describe MX Token
The native currency of the MEXC platform, which is based on the Ethereum blockchain, is the decentralized digital asset known as the MX token. About 10 million users worldwide are currently served by MEXC, a prominent global platform for trading crypto assets. MEXC offers a variety of trading options, including spot, ETF, leverage, and contract trading. MEXC’s team of financial and technological professionals works to enhance users’ trading experiences while offering reputable and safe financial solutions.
With over 7 million traders and MEXC Global partners contributing to the platform’s abundance of resources, MX stands out as the Centralized Exchange (CEX) Token of the MEXC digital platform thanks to a number of key features. These features include high stability and safety thanks to a multi-tier, multi-cluster system architecture, excellent performance with a trade matching engine capable of handling up to 1.4 million units per second, and high liquidity.
MEXC Global Exchange: What is it?
MEXC Global, founded in 2018, is renowned for its massive transaction matching and high-performance exchange technology. The team includes early adopters of blockchain and financial technology. MEXC Global currently provides services to over 10 million subscribers throughout more than 170 nations and territories with plans to grow much more. MEXC Global is a regulated exchange that operates on a global scale while adhering to well-known laws.
In order to facilitate trading, MEXC Global also offers language support for investors from different geographical areas. Experts in the financial sector built the exchange’s high-speed trading engine, which is capable of processing 1.4 million transactions per second and achieves ground-breaking efficiency and performance. MEXC Global prioritizes user security and hosts its servers independently across several nations to provide the highest level of data confidentiality and integrity.
MEXC has listed more than 2000 trading pairs and cryptocurrencies, including Layer 0 to Layer 1 cryptoassets including BTC, ETH, DOT, ATOM, XRP, SHIB, GLMR, FIL, AR, AAVE, SOL, CRV, and others.
MEXC expanded quickly in 2019, gaining 5% of the global market for exchanging digital assets in just one year. MEXC Global received the “Best Crypto Exchange Asia” title at the Crypto Expo Dubai in 2021, adding to the group’s already outstanding resume of successes.
Does it make sense to invest in MX Token?
It’s crucial to look at MX’s applications, tokenomics, program development, and price performance to decide whether it’s a wise investment.
Uses of MX Token: MX can be used for a variety of things, such as trading and transaction-related costs, voting for projects that are listed, and airdrop bonuses for MEXC users and traders.
Launchpads, Kickstarter, MX Defi, Assessment Zone Voting, MEXC M-Day, and MEXC POS are just a few of the initiatives MX has launched to enhance the MX token economy and broaden its usage scenarios. It also offers a 20% transaction fee reduction on the MEXC platform and offers additional utilities like on-chain lending, liquidity mining, and DEX trading.
MEXC Launchpads are fundraising initiatives that employ token sales on the MEXC Exchange to give users everywhere an affordable chance to participate in carefully selected project tokens. Exclusive to MX token holders, the only prerequisite for participation in MEXC Launchpads is holding MX tokens.
A pre-launch listing campaign on MEXC called MEXC Kickstarter was started by project teams and allows users to stake tokens and cast votes toward a specified objective. After the objective is met, the listing procedure starts, and before the listing, participating users receive free token airdrops. The goal of this event is to recognize outstanding projects and give MEXC users access to airdrop benefits.
Zone of Assessment Voting is a scheme that allows users to select their top projects in the MEXC evaluation zone and receive incentives in the form of trading fee reductions. MX tokens allow users to vote an unlimited number of times. They will receive incentives after their voted program is published on the platform.
Users can buy a newly released token during MEXC M-Day, a lottery-style event. Users can take part in the token sales through the trading round and MX holding round after obtaining a ticket to the M-Day event.
Users have the option to stake MX/Project Tokens with MEXC MX-Defi in exchange for more tokens.
The total supply of MX Tokenomics MX is 450 million tokens.
Reserved 100 million tokens for the MEXC Foundation
150,000,000 tokens were released by MEXC Laboratories.
For the MEXC Strategic Partnership, 100 million tokens
Immediately, 100 million tokens will be incinerated.
In order to maintain a 100 million MX supply in circulation, MEXC additionally contributes 40% of its platform profit to a quarterly repurchase program and burns the program.
What is the price performance of MX tokens?
Currently, the MX live price is $1.37 per MX/USD, with the highest price being $3.70, and the past 24-hour trading volume is $2.32 million as of the time of writing. The MX token, a well-liked cryptocurrency platform token, is now a reasonably priced unit of exchange. There seems to be some room for price rise at the moment. Please exercise caution when investing, though, as the price of the token is very volatile.
How to Purchase MX Token?
Some well-known cryptocurrency exchanges, such as Bybit, Huobi, MEXC, and ZT, offer MX for sale.
Please take the following actions if you decide to purchase MX token on the MEXC Exchange:
You must have a MEXC account that allows for the registration of email and phone numbers.
Go to the [Trade] section after logging into your MEXC account.
Choose [Trade] and [Spot], look up “MX” to see the trading pairings that are accessible, and then put in a limit, market, or stop-limit order to buy MX.
The MX you bought will be kept in your Spot Wallet. Then check your purchased tokens on the [Asset] page.
