The edge that pays for itself.
MX Token (MX) Price
MX Token Price
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| HTX | MX/USDT | 2.44 | 1,019.68 | 1,742.18 | 1.80 M | 0.09 | cex | 225.00 | 7/9/2025, 4:23 AM |
| MEXC | MX/USDT | 2.44 | 33,279.24 | 73,537.43 | 1.78 M | 0.07 | cex | 484.00 | 7/9/2025, 4:18 AM |
| XXKK | MX/USDT | 2.44 | 1,270.84 | 2,034.41 | 1.75 M | 0.12 | cex | 11.00 | 7/9/2025, 4:21 AM |
| CEEX exchange | MX/USDT | 2.44 | 1,420.27 | 1,305.92 | 1.08 M | 0.09 | cex | 1.00 | 7/9/2025, 4:21 AM |
| GroveX | MX/USDT | 2.44 | 15,585.81 | 12,920.73 | 338,119.52 | 0.03 | cex | 278.00 | 7/9/2025, 4:18 AM |
| MEXC | MX/ETH | 2.44 | 4,210.21 | 8,318.47 | 334,678.70 | 0.01 | cex | 402.00 | 7/9/2025, 4:18 AM |
| MEXC | MX/USDC | 2.43 | 4,010.16 | 7,305.39 | 215,390.69 | 0.01 | cex | 386.00 | 7/9/2025, 4:18 AM |
| MEXC | MX/EUR | 2.44 | 5,459.05 | 8,792.22 | 149,297.52 | 0.01 | cex | 405.00 | 7/9/2025, 4:18 AM |
| MEXC | MX/BRL | 2.46 | 3,477.63 | 4,275.84 | 99,394.02 | 0.00 | cex | 326.00 | 7/9/2025, 4:18 AM |
| Bybit | MX/USDT | 2.44 | 10,431.66 | 11,124.78 | 62,710.79 | 0.00 | cex | 390.00 | 7/9/2025, 4:21 AM |
MX Token FAQ
MX TOKEN (MX) is the native cryptocurrency token introduced by the centralized exchange (CEX) MEXC in 2019. MX fuels the MEXC ecosystem and offers its holders access to exclusive functionalities and other platform benefits. Holders have the right to vote on business decisions, participate in team elections, and receive priority in various activities. MEXC is a cryptocurrency exchange and peer-to-peer (P2P) platform providing access to spot, margin, and futures trading. The exchange delivers a comprehensive digital asset trading service, including passive investment staking, DeFi tools, and more. MEXC facilitates buy/sell transactions using fiat currency through the P2P market. For detailed information on MX Token, please refer to Eulerpool.
The company was established in April 2018 and is registered in Seychelles. The exchange was co-founded by Sheen Xin Hu (CEO), Aaron Wagener (COO), and Piotr Brzezinski (CTO). In addition to founding the MXC Foundation, Sheen Xin Hu is also the founder and CEO of MatchX. Sheen Xin Hu holds a dual master's degree in Computer Systems Networking and Telecommunications from Technische Universität Berlin, as well as in Network and System Administration from Université Pierre et Marie Curie. With 10 years of experience in tech development, he has worked at Airfy and Relayr as a hardware engineer and at ASUS as a marketing assistant. Currently, Sheen Xin Hu is an evangelist for LPWAN, Docker, and Blockchain, and serves as the core developer at MXC zkEVM. MEXC is presently led by Singaporean businessman John Chen, who assumed the role of CEO in 2021. This was the same year the MXC Exchange was officially rebranded to MEXC Global, now known as MEXC Official.
MX TOKEN (MX) operates on a deflationary model, whereby MEXC allocates a portion of the collected trading fees to repurchase and burn tokens, thereby decreasing the total supply. MX plays a crucial role in fostering the growth and expansion of MEXC, while also incentivizing token holders to actively participate in the ecosystem's development. MEXC's core product offerings include: Launchpad, a platform that allows users to invest in projects during their early stages; Kickstarter, a pre-launch event where users utilize MX tokens to vote for the launch of projects on MEXC; MX-DeFi, a mining reward program enabling users to stake MX tokens and earn rewards; and M-Day, an event that provides users the opportunity to acquire newly issued digital tokens through a lottery system.
MX TOKEN (MX) is a digital asset implemented on the Ethereum blockchain as an ERC-20 token. Holders of MX are granted exclusive access to community activities and promotions, along with voting rights on business-related matters, project listings, and team elections. Additionally, MX is used for paying trading fees and 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.
MX is an ERC-20 token that functions on the Ethereum blockchain, leveraging the Proof-of-Stake (PoS) consensus mechanism. Moreover, MX Token has undergone a security audit conducted by SlowMist, a firm specializing in blockchain security audits and protection. For more information and analytics, you can find details on Eulerpool.
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