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.
MEXC offers ultra-low trading fees. The Spot trading fee is 0.05%, the Futures Maker fee is 0%, and the Futures Taker fee is 0.02%.
You can also use MX to offset spot and USDT-M Futures fees by 20%. If you hold more than 500 MX for 1 continuous day, you can enjoy a 50% discount on Spot and Futures 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 [Launchpool] or [Kickstarter] to participate in events to win rewards.
Participating in Launchpool 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 Launchpool and Kickstarter events for which you are eligible.
It is important to note that both Launchpool and Kickstarter events have participation thresholds, requiring a certain amount of MX tokens to participate. The more valid users you invite during the event, the higher your corresponding commitment coefficient will be, resulting in a greater share of the 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.