MX Token 

MX Price

What is the MEXC MX Token?

MX Token (MX) is the native utility token of MEXC, a centralized cryptocurrency exchange launched in 2018 (formerly MXC). MX debuted in 2018 as an ERC-20 asset on Ethereum. The token anchors the exchange's user economy: tiered trading fee discounts, daily holding dividends, launchpad allocation rights and staking programs. Retail spot and futures traders form the core audience for MX.

Is MX a coin or a token?

MX is a token. The asset runs on Ethereum's infrastructure as an ERC-20 contract with 18 decimals, and MEXC does not operate MX's own blockchain. The canonical contract address is 0x11eef04c884e24d9b7b4760e7476d06ddf797f36, verifiable on Etherscan. Wrapped versions of MX exist on Tron and BNB Chain, but the Ethereum contract remains the reference asset. DropsTab classifies MX under the CEX category.

How is MX Token used on MEXC?

MX serves five documented functions on MEXC. Holders receive tiered spot and futures fee discounts, scaled by holding size or lock-up length. Daily holding dividends distribute a share of platform revenue to holders. MX grants allocation rights in MEXC Kickstarter launchpad sales, voting power in listing votes with airdrop rewards, and access to staking and lending programs. Utility therefore scales directly with how much MX a user holds or locks.

What is MX Token's maximum supply?

Per DropsTab data, MX's maximum supply is capped at 413,787,834 MX. The initial supply at the 2018 debut was 1,000,000,000 MX. Quarterly buyback-and-burn rounds have permanently removed tokens from supply since then, so the current total supply figure sits below both the initial amount and the cap. The live total is verifiable on Etherscan and shown on DropsTab.

How does the MX token burn program work?

MEXC funds MX buybacks with 40% of quarterly platform profit, including MEXC Labs investment profits, and burns the purchased tokens. By December 4, 2021, 38 burn rounds had removed 450,000,000 MX from supply. The Q4 2025 burn report documented 2,182,000 MX burned against 1,562,500 MX released from reserves in the same quarter. The program makes supply deflationary only while burns exceed quarterly reserve releases.

Does MX Token have a vesting schedule or unlock calendar?

MX has no dated vesting schedule or unlock calendar. At the December 2021 "MX Token 2.0" proposal, MEXC disclosed that 450,000,000 team-allocated MX had been locked with none unlocked in the preceding three-plus years. The proposal reallocated those tokens across a Foundation Reserve, MEXC Labs and strategic partnerships, with an optional 100,000,000 MX immediate burn, put to community vote December 4-6, 2021. Quarterly releases from issuer reserves remain an issuer-controlled supply channel, and circulating MX represents a minority of total supply, a persistent concentration risk.

Who backed MX Token and how was it distributed?

MX recorded no venture rounds, strategic investors or external funding. The only documented public sale dates to the 2018 debut: MEXC's own announcement set the rate at 1 ETH per 60,000 MX, roughly $0.0092 per MX. No total raise amount, tokens-for-sale quantity or round valuation was disclosed. MX reached the market through trading-mining and holding campaigns, the distribution pattern typical of exchange tokens.

What earning opportunities does holding MX Token unlock?

Holding and using MX on MEXC gates access to recurring earning surfaces: MEXC Kickstarter launchpad sales, Airdrop+ campaigns and MX Zone perks. A MEXC Airdrop+ campaign for KOR Protocol ran November 3-11, 2026, offering 3,333,333 KOR tokens plus 10,000 USDT in futures bonuses to users completing deposit, spot and futures trading tasks and referrals. Earning eligibility on MEXC consistently depends on MX holdings or platform activity.

Where can MX Token be traded?

MX trades on centralized and decentralized venues per DropsTab data, with no derivatives markets tracked. The deepest coverage sits on MEXC, the home market, which lists MX against USDT, USDC, BTC, ETH and BRL. A handful of additional centralized venues carry a single MX/USDT pair each, and on-chain liquidity sits in Uniswap pools on Ethereum (MX/WETH and MX/USDC). Depth concentrates on MEXC, the issuer's own venue, so price discovery away from the home exchange runs thin.