MX Token (MX) is a decentralized digital asset developed by MEXC platform based on Ethereum. Using MX as a value token, gradually improving ecological content, empowering participants and builders, providing users with a safe and stable trading experience, and becoming an industry leader.MX is also a proof of the rights and interests of the MEXC community. Holders have the rights to participate in community business voting, team elections, and activities with priority. MEXC fully adopts community voting suggestions and reconstructs the rights and interests allocation mechanism. From January 2022, 40% of the total profit of the platform will be repurchased from the Secondary market quarterly and destroyed. The initial total supply of MX is 1 billion pieces. Currently, 550 million pieces have been destroyed, and the goal of circulation of MX 100 million pieces remains unchanged.MX holders can enjoy multiple benefits in MEXC, such as holding coins for new purchases, voting on coins for discounted subscriptions, and voting on free air drops.In addition, MX has various application scenarios, such as transaction fee deduction (enjoying a 20% discount) on the trading platform (MEXC.com).
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