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MX Token Price

(MX)

Note: This cryptocurrency has not yet been officially listed on KuCoin Thailand.

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MX Token (MX) Live Price Chart

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    Note: This data is for reference only.
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    MX(MX) Profile

    altRank142
    rateBB
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    ATH
    $5.85335603
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    91,837,334
    Max Supply
    413,787,834

    About MX Token

    • What Is MX Token Tokenomics?

      The total supply of MX tokens is capped at 1 billion, with a current circulating supply of around 100 million tokens. This supply is managed through a regular buyback and burn program, where 40% of MEXC’s profits are used to buy back and burn MX tokens quarterly. This helps maintain the token’s scarcity and potentially increases its value.

      The initial token distribution allocated 450 million MX tokens to the MEXC team, locked and never distributed. The distribution also includes:

      > Foundation Reserve: 100 million tokens for team incentives.

      > MEXC Labs: 150 million tokens for ecosystem development.

      > Strategic Partnerships: 100 million tokens for collaborations.

    • History of MX Token (MX) Coin

      MX Token (MX) launched in April 2018 as the native token of the MEXC Exchange. It was created to serve multiple functions within the MEXC ecosystem, offering users benefits like trading fee discounts, voting rights, and participation in events such as Launchpad and Kickstarter.

      The token was initially developed by a team led by the MEXC Exchange founders, and it operates on the Ethereum blockchain as an ERC-20 token. MEXC has committed to a buyback and burn program, using 40% of its profits to reduce the circulating supply of MX tokens, maintaining scarcity and potentially increasing its value.

      The roadmap for MX Token includes several phases:

      1. Initial Development and Launch: Focused on building a secure infrastructure.

      2. Building a Strong Ecosystem: Involved strategic partnerships and integrating MX Token into various platforms.

      3. Enhancing Scalability and Privacy: Improved transaction processing and privacy features.

      4. Expanding Use Cases and Adoption: Collaborated with businesses to use MX as a payment solution.

      5. Global Outreach and Community Engagement: Raised awareness through educational initiatives and community events.

    • What Is MX Token (MX) Crypto?

      MX Token (MX) is the native token of the MEXC platform, developed on the Ethereum blockchain. It offers various benefits to its holders, including discounted trading fees, voting rights on business decisions, and participation in community activities. Holding MX tokens also grants access to exclusive features like the MEXC Launchpad and Kickstarter, where users can vote on and support new projects and receive airdrops.

      MX Token is deflationary, meaning MEXC buys back and burns a portion of the tokens using the trading fees collected, which reduces the overall supply and can increase the token's value over time.

    • How Does MX Token Work?

      The $MX token is the native cryptocurrency of the MEXC platform, built on the Ethereum blockchain. It serves multiple purposes within the MEXC ecosystem, offering several benefits to its holders.

      1. Fee Discounts: By holding MX, you get a 20% discount on trading fees. You can also use MX to offset futures trading fees and get a 10% discount.
      2. Participation in Events: MX holders can participate in MEXC Launchpad and Kickstarter events, which often involve voting on new projects and receiving airdrops. This can bring additional tokens and benefits to active participants.
      3. Voting Rights: Holding MX tokens gives you the right to vote on business decisions, project listings, and team elections within the MEXC platform. This helps ensure that the community has a say in important matters.
      4. Referral Rewards: You can earn commissions by inviting friends to trade on MEXC. The more MX tokens you hold, the higher the commission percentage you can earn, up to 70%.
      5. Token Burns: MEXC regularly buys back and burns MX tokens using part of its profits. This reduces the circulating supply and can increase the token's value over time.

    FAQ

    • What Is MX Token Price Prediction?

      By understanding these factors, you can better predict and navigate the MX price prediction trends:

      1. Supply and Demand: The price of MX Token is heavily influenced by its supply and demand dynamics. A high demand for the token coupled with a limited supply can drive prices up. Conversely, if supply exceeds demand, the MX Token price may fall.

      2. Market Sentiment: Investor sentiment and market trends play a significant role in influencing the MX to USD price. Positive news, successful partnerships, or innovative updates in the MX ecosystem can boost investor confidence and drive up the $MX price. Negative news or market downturns can have the opposite effect.

      3. Technological Developments: Technological advancements and improvements within the MEXC platform or the broader cryptocurrency infrastructure can positively influence the MX coin price. This includes upgrades, new features, or integrations with other technologies.

      4. Global Market Trends: Broader economic factors and global market trends also affect the MX crypto price. For example, economic stability, interest rates, and the performance of other financial markets can influence investor behavior in the crypto market.

      5. Token Utility and Benefits: The various utilities and benefits offered by MX Token, such as trading fee discounts, participation in exclusive events, and staking rewards, make it attractive to investors. The more useful and beneficial the token, the higher its demand, which can drive up the MEXC token price.

    • Is MX Token (MX) a Good Investment?

      These benefits make MX Token a versatile and potentially rewarding investment within the MEXC ecosystem.

      1. Trading Fee Discounts: By holding MX tokens, you can enjoy up to 20% off spot trading fees and 10% off futures trading fees on the MEXC platform. This can significantly reduce your trading costs.

      2. Referral Commissions: You can earn commissions by inviting friends to trade on MEXC. The more MX tokens you hold, the higher the commission percentage you earn, up to a maximum of 70%.

      3. Participation in Exclusive Events: MX holders gain access to exclusive events like Launchpad and Kickstarter, where you can receive free airdrops and other rewards. These events allow you to support and benefit from new projects launched on MEXC.

      4. Token Appreciation: MX tokens have shown significant price growth. In 2023, MX saw its price surge by over 265%. The periodic token burns help reduce the supply, increasing scarcity and potentially boosting the token's value.

      5. Voting Rights: Holding MX tokens allows you to vote on important business decisions, project listings, and team elections within the MEXC ecosystem. This gives you a voice in the platform's development and governance.

    • What is the all-time high price of MX Token (MX)?

      The all-time high price of MX Token (MX) is 5.85. The current price of MX is down -- from its all-time high.

    • How much MX Token (MX) is there in circulation?

      As of 7 18, 2026, there is currently 91,837,334 MX in circulation. MX has a maximum supply of 413,787,834.

    • How do I store MX Token (MX)?

      You can store your MX Token in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your MX include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.