What is MX Token (MX)

MX is the native utility token of the MEXC ecosystem (ERC-20 on Ethereum). It is used to access platform benefits (fee discounts, Launchpool/Kickstarter participation, rewards, voting) and acts as a “community rights” token within MEXC services.

Launch 21.06.2018 Ethereum (ERC-20)

Who created it

MEXC

Why it was created

MX was introduced as MEXC’s utility token to provide trading fee discounts and enable participation in platform products/activities (Launchpool, Kickstarter, airdrops), as well as to support voting and other holder benefits.

How it’s used

  • Trading fee discounts on MEXC (when using and/or holding MX)
  • Participation in MEXC Launchpool (staking/committing MX to earn rewards)
  • Participation in MEXC Kickstarter (committing MX to vote and receive airdrops)
  • Voting and participation in platform activities and events
  • Staking/holding MX for bonuses and privileges (subject to MEXC’s terms)

Risks

  • Counterparty risk: price and demand depend on the exchange’s stability and decisions (centralisation).
  • Utility-change risk: worse terms for discounts, staking or access to Launchpad/events reduce the token’s usefulness.
  • Buyback & burn risk: buybacks/burns depend on the exchange’s profitability and policy; volumes and transparency may change.
  • Concentration risk: large holders/treasury wallets can amplify volatility and sharp sell-offs (“dumps”).
  • Liquidity risk: a significant share of liquidity may be concentrated on a single platform.

FAQ

Question: What is MX?
Answer: MX is a utility token of the MEXC ecosystem, used within the platform to access service benefits and participate in certain mechanisms/promotions.
Question: What is MX for, and where does its “value” come from?
Answer: MX’s practical value is typically tied to internal benefits (e.g., fee terms, access to specific products/events, staking/rewards — if active). If those benefits change, the perceived value of the token may change as well.
Question: What does the price of MX mainly depend on?
Answer: Demand for platform benefits, overall market conditions, liquidity and participant expectations, as well as the exchange’s policy on support/burn programmes (where applicable).
Question: Does MX have a “buyback & burn”, and how does that affect holders?
Answer: If the exchange conducts buybacks and/or burns, it can potentially reduce supply. However, the impact depends on actual volumes, transparency of calculations and consistency; such programmes may be modified or paused.
Question: Can the exchange change the rules for using MX?
Answer: Yes. Fee discount terms, access to promotions/platform features, staking yields and other parameters can be adjusted; this is a key risk for exchange tokens.
Question: Does MX provide governance (voting rights)?
Answer: Depending on the current ecosystem model, the token may be used for certain votes/governance mechanisms. The exact rights and processes depend on the platform’s rules and can change.