$1.95

MX TOKEN (MX) is the native cryptocurrency token issued by the centralized exchange MEXC in 2019. It serves as the utility token within the MEXC ecosystem, offering holders various platform benefits and functionalities. These include voting rights on business decisions and team elections, as well as priority access to certain activities. MEXC itself is a crypto exchange and peer-to-peer platform that facilitates spot, margin, and futures trading. It also provides services like staking, DeFi tools, and fiat-to-crypto transactions through its P2P market.

The company behind MX TOKEN was established in April 2018 and is registered in Seychelles. It was co-founded by Sheen Xin Hu (CEO), Aaron Wagener (COO), and Piotr Brzezinski (CTO). Sheen Xin Hu also founded the MXC Foundation and serves as CEO of MatchX. He holds dual master's degrees in computer systems networking and telecommunications from Technische Universität Berlin and in network and system administration from Université Pierre et Marie Curie. With a decade of tech experience, he worked at Airfy and Relayr as a hardware engineer and at ASUS as a marketing assistant. Since 2021, the exchange has been led by CEO John Chen, a Singaporean businessman, following the rebranding to MEXC Global.

MX TOKEN (MX) stands out due to its deflationary nature; MEXC uses a portion of trading fees to buy back and burn tokens, reducing supply over time. The token is integral to MEXC's growth, incentivizing holders to participate in ecosystem development. Key products include Launchpad for early-stage project investment, Kickstarter for voting on new listings, MX-DeFi for staking rewards, and M-Day, a lottery system for purchasing newly issued tokens. These features give MX utility beyond simple trading.

MX TOKEN (MX) is an ERC-20 token on the Ethereum blockchain. Holders gain exclusive access to community events and promotions, along with voting rights on business matters, project listings, and team elections. Additionally, MX can be used to pay trading fees and participate in MX DeFi mining. As of June 2023, the total supply is 450 million MX, with 100 million in circulation.

As an ERC-20 token, MX operates on the Ethereum network, which uses the Proof-of-Stake (PoS) consensus mechanism. Furthermore, MX TOKEN has undergone audits by SlowMist, a blockchain security firm specializing in cybersecurity audits and protection, ensuring its integrity.

The most straightforward way to acquire MX is by purchasing it directly on the MEXC exchange. Alternatively, it can be bought or traded on other platforms such as Huobi, Bybit, Jubi, and ZT. Coinasity shows the live MX price, averaged across major exchanges.