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Information about "MX Token"
What Is MX TOKEN (MX)?
Released by the centralized exchange MEXC in 2019, MX TOKEN (MX) is its native digital currency. This token is central to the MEXC platform's operations, offering its holders special features and various advantages. Those who own MX can participate in voting on key business choices, take part in team elections, and enjoy prioritized access to certain activities.
MEXC serves as a comprehensive crypto exchange and a peer-to-peer platform, facilitating spot, margin, and futures trading. It provides a dynamic range of digital asset trading services, passive investment opportunities through staking, and tools for DeFi, among other features. Users can also perform buy and sell transactions using fiat currencies via the P2P market.
MEXC serves as a comprehensive crypto exchange and a peer-to-peer platform, facilitating spot, margin, and futures trading. It provides a dynamic range of digital asset trading services, passive investment opportunities through staking, and tools for DeFi, among other features. Users can also perform buy and sell transactions using fiat currencies via the P2P market.
Who Are the Founders of MX TOKEN?
Established in April 2018 and registered in Seychelles, the company behind MX TOKEN was co-founded by Sheen Xin Hu (CEO), Aaron Wagener (COO), and Piotr Brzezinski (CTO). Beyond founding the MXC Foundation, Sheen Xin Hu has founded and serves as the CEO of MatchX.
Sheen Xin Hu has earned two master's degrees: one in Computer Systems Networking and Telecommunications from Technische Universität Berlin, and another in Network and System Administration from Université Pierre et Marie Curie. With a decade of experience in tech development, he has previously worked as a hardware engineer at Airfy and Relayr, and as a marketing assistant at ASUS. Today, Sheen Xin Hu is an advocate for LPWAN, Docker, and Blockchain technologies and contributes as a core developer at MXC zkEVM.
John Chen, a business professional from Singapore, currently leads MEXC. He assumed the CEO role in 2021, coinciding with the rebranding of MXC Exchange to MEXC Global, now known as MEXC Official.
Sheen Xin Hu has earned two master's degrees: one in Computer Systems Networking and Telecommunications from Technische Universität Berlin, and another in Network and System Administration from Université Pierre et Marie Curie. With a decade of experience in tech development, he has previously worked as a hardware engineer at Airfy and Relayr, and as a marketing assistant at ASUS. Today, Sheen Xin Hu is an advocate for LPWAN, Docker, and Blockchain technologies and contributes as a core developer at MXC zkEVM.
John Chen, a business professional from Singapore, currently leads MEXC. He assumed the CEO role in 2021, coinciding with the rebranding of MXC Exchange to MEXC Global, now known as MEXC Official.
What Makes MX TOKEN (MX) Unique?
MX TOKEN (MX) features a deflationary mechanism, where MEXC periodically buys back and burns a portion of the tokens using trading fees, effectively reducing its supply.
The token supports the growth and expansion of the MEXC platform, incentivizing holders to actively engage in developing the ecosystem. The cornerstone products offered by MEXC include: Launchpad for early project investments; Kickstarter, which lets users vote with MX to launch projects on MEXC; MX-DeFi, a mining rewards program that allows staking of MX tokens for incentives; and M-Day, where users can acquire newly issued digital tokens through a lottery system.
The token supports the growth and expansion of the MEXC platform, incentivizing holders to actively engage in developing the ecosystem. The cornerstone products offered by MEXC include: Launchpad for early project investments; Kickstarter, which lets users vote with MX to launch projects on MEXC; MX-DeFi, a mining rewards program that allows staking of MX tokens for incentives; and M-Day, where users can acquire newly issued digital tokens through a lottery system.
How Many MX TOKEN (MX) Coins Are There in Circulation?
MX TOKEN (MX) is implemented as an ERC-20 token on the Ethereum blockchain.
Holders of MX receive special access to community events and promotions, and the privilege to vote on business propositions, project listings, and team elections. Also, MX can be used to pay trading fees and engage in MX DeFi mining.
As of June 2023, MX TOKEN (MX) has a total supply of 450,000,000 coins, with 100,000,000 MX currently in circulation.
Holders of MX receive special access to community events and promotions, and the privilege to vote on business propositions, project listings, and team elections. Also, MX can be used to pay trading fees and engage in MX DeFi mining.
As of June 2023, MX TOKEN (MX) has a total supply of 450,000,000 coins, with 100,000,000 MX currently in circulation.
How Is the MX TOKEN Network Secured?
Operating as an ERC-20 token, MX relies on the Ethereum blockchain and its Proof-of-Stake (PoS) consensus protocol for security.
Additionally, the security of MX TOKEN has been evaluated by SlowMist, a firm that specializes in blockchain cybersecurity audits and protection measures.
Additionally, the security of MX TOKEN has been evaluated by SlowMist, a firm that specializes in blockchain cybersecurity audits and protection measures.
Where Can You Buy MX TOKEN (MX)?
The simplest way to acquire MX tokens is through the MEXC exchange. You can also find MX available for purchase or trade on other platforms such as Huobi, Bybit, Jubi, and ZT.
To monitor MX prices in real-time, you can download the CMC mobile app.
To monitor MX prices in real-time, you can download the CMC mobile app.
"MX Token" price data