Understanding of MEXC Exchange Native Token- MX Token

The MX Token is a digital asset created on the Ethereum blockchain. It serves as the native currency for MEXC Global, a global cryptocurrency trading platform with over 10 million users worldwide. The platform offers a range of trading options, including spot, ETF, leverage, and contract trading. The MX Token has many notable features, including high stability and safety due to its multi-tier, multi-cluster system architecture, excellent performance with a trade matching engine that can handle up to 1.4 million units per second, and high liquidity with over 7 million traders and MEXC Global partners contributing to the platform's abundance of resources.

MEXC Global is a globally recognized exchange established in 2018, which provides language support for investors from different regions. The exchange's high-performance trading engine, capable of completing 1.4 million transactions per second, is developed by banking industry experts, ensuring top-notch efficiency and performance. It has listed over 2000+ trading pairs and cryptocurrencies, covering crypto assets from Layer 0 to Layer 1. MEXC Global has achieved a 5% share of the global digital asset trading market in just one year and has been honored with the "Best Crypto Exchange Asia" award at the Crypto Expo Dubai in 2021.

MX Token has many applications, including for expenses related to trading and transactions, voting for listed projects, and airdrop bonuses for MEXC users and traders. MX also provides a 20% transaction fee reduction on the MEXC platform, and it has launched many plans to improve the MX token economy and expand its usage scenarios by providing additional utilities such as on-chain lending, liquidity mining, and DEX trading, including Launchpads, Kickstarter, MX Defi, Assessment Zone Voting, MEXC M-Day, and MEXC POS.

MX Token has a total supply of 450 million tokens, and MEXC commits 40% of its platform profit to a quarterly buyback and burns the program to keep the circulating supply of MX at 100 million. As of the time of writing, the current MX live price is $1.37 per MX/USD, with the highest price being $3.70, and the past 24-hour trading volume is $2.32M. Investors can purchase MX tokens on popular crypto exchanges such as Bybit, Huobi, MEXC, and ZT.

To buy MX on MEXC, users need to have a MEXC account that supports email and phone number registration, go to the [Trade] section, choose [Trade] and [Spot], search for "MX" to see the available trading pairs, and place a limit, market, or stop-limit order to purchase MX, which will be stored in their Spot Wallet.

The MEXC Exchange offers several fundraising programs, including MEXC Launchpads, MEXC Kickstarter, Assessment Zone Voting, MEXC M-Day, and MX-Defi. MEXC Launchpads allows worldwide users to invest in carefully chosen project tokens through token sales exclusively for MX token holders. MEXC Kickstarter is a pre-launch listing campaign initiated by project teams, where users can stake tokens and vote towards a predetermined goal. Assessment Zone Voting allows users to vote for preferred projects, resulting in trading fee rewards. MEXC M-Day is a lottery-style event for purchasing newly launched tokens, and MX-Defi offers staking opportunities.

The MX token has a total supply of 450 million tokens, with 100 million reserved for the MEXC Foundation, 150 million issued by MEXC Labs, and 100 million for MEXC Strategic Alliance. Additionally, 100 million tokens will be burned immediately, and 40% of the platform profit is committed to quarterly buybacks and burns to maintain the circulating supply of MX at 100 million.