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MX Token Stock

MX Token

MX

Price

2.75
Today +/-
+0
Today %
+0 %

MX Token Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
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MEXCMX/USDC2.434,010.167,305.39215,390.690.01cex3867/9/2025, 6:18 AM
MEXCMX/EUR2.445,459.058,792.22149,297.520.01cex4057/9/2025, 6:18 AM
MEXCMX/BRL2.463,477.634,275.8499,394.020cex3267/9/2025, 6:18 AM
BybitMX/USDT2.4410,431.6611,124.7862,710.790cex3907/9/2025, 6:21 AM
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MX Token FAQ

### Overview of MX TOKEN (MX) MX Token (MX) is a digital currency used primarily within the MEXC Exchange ecosystem. This token facilitates a variety of activities on the platform, enhancing user experience through trading fee discounts, participation in special events, and governance rights. A key component of the MEXC Exchange, the MX token is pivotal for users seeking to optimize their engagements and investments on the platform. For comprehensive data and metrics on MX Token, objective analysis and real-time updates can be accessed through Eulerpool.

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.

Who Are the Founders of MX Token?

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.

What Distinguishes MX TOKEN (MX) as Unique?

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.

What is the Circulating Supply of MX Token (MX) Coins?

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.

How is the MX TOKEN Network Secured?

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.

Investors interested in MX Token are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.