MX is the native utility token released by MEXC. MEXC is a secure cryptocurrency trading platform catering to crypto enthusiasts. Additional benefits are available to users who hold the platform's token, MX.
The MEXC platform offers ultra-low trading fees, with a 0% maker fee and a 0.02% taker fee. You can also use MX Deduction for spot and USDT-M futures fees to enjoy a 20% discount on trading fees.
If you hold more than 1,000 MX for 15 consecutive days, you can enjoy a 50% discount on futures trading fees.
The MEXC platform provides a referral commission mechanism, where you can earn a commission by inviting friends to trade on the MEXC platform. The commission is calculated based on a certain percentage of your referrals' trading fees. It's important to note that the commission is not a one-time settlement. Instead, you will receive a commission for each trade your referral completes, based on trading volume.
You can click on the user icon on the top right corner of the MEXC homepage and then click [Referral]. Copy the [Referral Code] or [Referral Link] on the page to invite your friends to trade on the MEXC platform.
Holding MX Tokens entitles you to exclusive airdrop events every month. On the MEXC homepage, click [Spot] and select either [Launchpad] or [Kickstarter] to participate in events to win rewards.
Participating in Launchpad allows you to receive new token airdrops for free and participating in Kickstarter enables you to win USDT rewards and other new tokens. The MX used in these activities will not be locked, and you can simultaneously participate in all Launchpad and Kickstarter events for which you are eligible.
It is important to note that both Launchpad and Kickstarter events have participation criteria, requiring a certain amount of MX tokens to be held for a specified duration to be eligible for participation. The more MX tokens you commit during participation, the higher the corresponding commitment coefficient, and you can receive a greater share of the final rewards.
For long-term holders of MX tokens, the price of MX has shown an overall upward trend in the first quarter of 2023. It reached its peak at $3.5, representing a growth rate of 330% compared to its price at the beginning of 2023, which was $0.81. MX token is currently listed on major centralized exchanges like Huobi, Bybit, Bitget, and MEXC. These listings have provided MX with better market liquidity and a broader potential holder base. The high market value recognition will ultimately be reflected in MX token's price.
Holding MX is not only a form of value investment but also a financial management strategy.