MX Token: MEXC's Native Utility Token

MX is the foundation of the MEXC ecosystem, serving four primary functions: fee payment (paying trading fees in MX receives a discount), launchpad eligibility (MX holders get priority access and larger allocations in IEO events), staking rewards (MX can be staked for passive income), and governance participation (MX holders can vote on platform proposals).

The fee discount mechanism is particularly valuable for active traders. By holding MX and enabling 'MX deduction' in trading settings, trading fees are automatically paid in MX at a discounted equivalent rate. Even MEXC's already-low 0.01% taker fee can be reduced further through MX holdings, compounding the cost advantage.

The launchpad access benefit creates demand for MX beyond its trading value — users who want to participate in multiple IEO events need to hold MX continuously, creating structural buying pressure that supports the token's value.

MX staking on MEXC has historically offered some of the highest yields among exchange native tokens. Flexible MX staking rates typically range from 10-20% APY. Locked staking (30-90 days) can offer 20-40% APY during high-demand periods. These rates are higher than equivalent products for BTC or ETH due to MX's role in the ecosystem creating sustained demand.

MX staking yields fluctuate with Launchpad event frequency and overall platform activity. During bull markets with many active IEO events, MX demand — and thus staking yields — tends to be higher. During quieter periods, yields compress toward the lower end of the range.

MX DeFi farming provides an additional yield layer on top of standard staking. By participating in liquidity pools and farming programs, MX holders earn newly listed token distributions on top of their base staking yield. Total effective yield from combined MX staking and DeFi farming can be substantial during active market periods.

MEXC conducts quarterly MX token burns and buybacks using a portion of exchange trading fee revenue. Burned tokens are permanently removed from circulation, reducing total supply over time. Buybacks use open market purchases, creating buying pressure on the MX price before the burn. MEXC publishes burn announcements on official channels with on-chain verification.

The deflationary mechanism is intended to counteract any inflation from staking rewards distribution. As MEXC's trading volume grows, the proportion of revenue allocated to buybacks increases, creating a positive feedback loop: higher volume → larger buybacks → reduced supply → potential price support.

Total MX supply and the amount burned to date are publicly verifiable on the Ethereum blockchain (for ERC20 MX) and other chains where MX is issued. Checking these figures against MEXC's announced burn amounts confirms the program's integrity.

MX is available for purchase on MEXC's spot market against USDT, BTC, and ETH. The MX/USDT pair has the highest liquidity. Simply search 'MX' in the spot trading section to find the trading pair. MX can also be acquired through staking rewards and MX DeFi farming without direct purchase.

Once acquired, ensure MX is in your spot account (not in earn products or futures margin) to receive fee discount benefits and maintain Launchpad snapshot eligibility. Enable MX deduction in your account fee settings to activate automatic fee payment in MX.

For users outside MEXC, MX is also available on some decentralized exchanges (DEX) on Ethereum and BSC networks. However, MEXC's own spot market offers the best liquidity and tightest spreads for MX trading.