MX-MX TokenDetailed Description

MX-MX Token Detailed Description

MX Token (MX) is a decentralized digital asset developed by the MEXC platform based on Ethereum. With MX as the value certificate, gradually improve the ecological content, so as to empower participants and builders, provide users with a safe and stable transaction experience, and become an industry leader.
MX is also the proof of rights and interests of the MEXC community. Holders have rights and interests such as community business voting, team elections, and priority participation in activities. MEXC fully adopts community voting suggestions and rebuilds the rights and interests distribution mechanism. From January 2022, 40% of all platform profits will be repurchased from the secondary market quarterly and destroyed. The initial total supply of MX is 1 billion pieces, and 550 million pieces have been destroyed so far, insisting on MX 100 million circulation The goal remains the same.
MX holders can enjoy a number of rights and interests in MEXC, such as holding tokens to create new tokens, voting for token listing discount subscription, voting for listing free airdrops and other welfare activities.
In addition, MX has a variety of application scenarios, such as transaction fee deduction (20% discount) on the trading platform (MEXC.com).

1. Project introduction

As a constantly growing trading platform, MEXC rises at the top of the wave with a community-based, efficient, and secure digital asset trading platform, which will perfectly integrate the advantages of centralized trading and decentralized trading ——Strong liquidity, high security, credible and transparent, taking into account fair, transparent and efficient development. As the core of MEXC's development, a fair and reasonable industry dividend distribution mechanism aims to allow traders and investors to share the wealth brought by blockchain technology while obtaining more abundant, reliable and secure trading services. MX is the equity certificate of the MEXC trading platform itself. MX holders can enjoy a series of rights such as asset appreciation, platform revenue rebates, supervision, and voting. There are two ways to obtain MX: one is mining, and the other is purchasing.

MX buyback and destruction

The MEXC platform has taken out 100% of the trading fee profits of all trading pairs on the platform from July 2019 according to the plan, repurchasing MX from the secondary market from time to time and conducting centralized destruction and burning on the last day of each month Announcement. At the same time, starting from November 2019, the MEXC platform will participate in the destruction activities of all the MX used by users to deduct transaction fees.

MEXCFeatures: holding currency rebates, benefit sharing

In the MEXC ecosystem, users who hold MX can enjoy a series of rights and interests such as MX token appreciation, asset appreciation, platform revenue rebates, supervision, and voting. MEXC rewards 51% of MX tokens to users who contribute to system liquidity through "transaction mining, currency holding rebates". The platform rewards MEXC community users through the mining incentive mechanism, and enjoys the rights and interests of the MEXC community by holding MX.

MEXC integrates the world's top industry resources and is committed to building a digital asset full circulation platform. With the support of senior industry experience, MEXC provides project parties and investors with one-stop services such as token issuance, trading, and fixed deposit, so that digital Assets circulate efficiently and safely within the platform.

MEXCSuper node:
The establishment of the super node plan aims to empower the project party through the professional, authoritative, resourceful and other advantages of the super node organization and the MEXC exchange , to achieve mutual benefit and win-win results, and build a global ecology together.

For projects that are currently in the early stage of the blockchain, super nodes provide a new way of listing coins and cooperation, based on MEXC's huge community user base and development prospects, as well as the resources and energy of super nodes, Promote project development and bring positive breakthroughs to the industry.

As for super nodes, high-quality institutions or enterprises in the global blockchain industry can participate, and successfully passed nodes will enjoy a number of benefits. But not only that, super nodes also assume multiple roles such as project participants and cognitive builders, and jointly provide users with the best quality project investment options.

Two. Comment

As a growing trading platform, MEXC rises at the top of the wave with a community-based, efficient, and secure digital asset trading platform, which will perfectly integrate the advantages of centralized trading and decentralized trading— —Strong liquidity, high security, credible and transparent, taking into account fair, transparent and efficient development. As the core of MEXC's development, a fair and reasonable industry dividend distribution mechanism aims to allow traders and investors to share the wealth brought by blockchain technology while obtaining more abundant, reliable and secure trading services. There are five business modules under the MEXC platform: cryptocurrency trading, MEXC Labs, PoS mining pool, OTC, and contract trading services.

1. Project introduction

Two. Comment

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