Cryptocurrency seems to be the future money. The first Cryptocurrency appeared in 2009, leading to the production of many cryptos over the following years. Despite the many challenges, the global crypto industry is growing fast. Big companies are already using cryptos as money, albeit. Payment platform PayPal, Malta, the Rug Republic in India include examples of companies that have added crypto as a payment option. Here we provide the readers with information about MX Token, decentralized crypto developed by MXC based on Ethereum.
What is MX Token?
Specifically, MEXC designed MX Token for three main functions, including allowing users to pay trading fees at a discounted rate on the platform; participating in Launchpad, Kickstarter, M-day, and more events to involve in the latest partner projects; and serving as proof of the MEXC community interests to give users incentives to take part in community governance, like voting.
MXC provides MX Token holders with the right to vote in the MXC ecosystem electing MXC team members and participating in various community activities. Since July 1, 2019, MXC started using 100% profit from trading fees per day to buy back MX from the secondary market and then burn them on the last day of every month to reach a 100 million total supply. Moreover, MX Token provides secure, stable, and convenient services for all users by empowering all community builders and participants, improving the MXC ecosystem, and helping MXC become a leading digital asset trading platform.
MXC Exchange has currently become one of the world’s leading digital asset trading platforms offering users services such as spot, margin, leveraged ETF, and futures trading services for security. Furthermore, the MXC has started collating with other top security companies to guarantee the safety of users’ assets fully. MXC holds the title of “The Most Popular Trading Platform” as one of the “Best Trading Platforms.”
The MX Token holders can use this Cryptocurrency in payments for goods or services. MEXC, a well-known Cryptocurrency exchange, owns MX Token as its internal currency. MX Token provides users with discounts on trading fees up to 20% and voting on the project’s development.
MX Token payment method works as follows: First, you accept crypto to pay for goods and services. Second, the customer chooses to pay with crypto. Then we generate a payment window, and then you will receive profit directly to your wallet.
MX Token: roots and history
MXC Platform developed MX Token (MX) as a decentralized digital asset based on Ethereum. The MX Token providers decided to set a total issuance amount of 1 billion, with 30 million MX Token already being burnt. Currently, the amount of about 270 million supply is circulating. Within the MEXC ecosystem, MX Token plays a central role in linking communities, teams, and partners.
Although experienced ups and downs, the MX Token proved to have excellent prospects. The MX Token performance charts show that it performed super well in 2021, increasing almost 2000% in prices. A review of the growth rate of the MXC network and MX Token indicates that many investors trust this platform, making it a good choice for investors.
How does MX token work?
MEXC holders use MX Token for discounted trading and transaction fees and participate in MEXC Launchpad, Kickstarter, M-day, MX-DeFi, Voting, and more. The MX Token has delivered quality services in a volatile market in three consecutive years.
MEXC enjoys a strong community culture. It is currently trying to build the MX community more open-minded and independent. In this community, every token holder matters; this is why MEXC raised voting for the MX 2.0 proposal. MEXC offered millions of users the chance to make a stand for the community’s future with a guarantee for hearing their voices.
Why choose the MX token?
It is a wise decision to invest in the blockchain ecosystem’s infrastructure. On the one hand, exchanges and trading supplier platforms, both centralized and decentralized, are indispensable, for they have always played fundamental roles in the business. As a popular exchange native token, MX Token has offered significant wealth to its holders.
MX Token witnessed a significant increase since its launch in 2018 and is growing at the beginning of 2021. According to the statistics, more than 200,000 MX Token holders have earned over $70 million since 2020. The return on MX Token for early investors has surpassed a 400-fold increase. MX Token is perceptibly a success in the market. Today, more than 7 million users are trading over $2 billion of average daily volume globally. The price for MX Token over the past years reflects the booming trading activity on the platform.
MEXC Pioneer is a platform to support new projects and developer teams and grow their communities launched by MEXC Global, In September 2021. MEXC Global launched a $100 million growth fund for MEXC Pioneer to support blockchain technology and infrastructure focused on building cross-chain infrastructure, NFTs, gaming, and innovative decentralized finance products. MEXC Pioneer has financed over 100 projects, including Solana, Polygon, Avalanche, and Algorand.
In October 2021, MEXC Global announced the partnership with Bybit to establish an advanced CEX union to build a joint Launchpad, introducing quality blockchain and crypto projects with sharing over 10 million users around the world.