In this article, we will examine MX Coin, the exchange token of the MEXC exchange.
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Introduction
There are more than 500 cryptocurrency exchanges worldwide. Among these exchanges, dozens of exchanges issue their own exchange tokens. Exchange tokens can serve many functions on exchanges. These include additional commission discounts for buying and selling transactions, VIP level privileges, increased referral income, passive income generation, or the right to participate in special events.
Among cryptocurrency exchanges, the MX Token, the exchange token of the MEXC exchange, is particularly important because it offers a variety of functions, is user-friendly, and allows you to participate in various special events within the exchange. {alertSuccess}
What is an Exchange Token?
The number of Centralized Exchange Tokens (CETs) that have gained a place among cryptocurrencies has increased significantly. According to CoinMarketCap data, there will be more than 100 Exchange Tokens as of 2025. As mentioned above, Exchange Tokens can serve many functions on exchanges. These include discounts on commissions, VIP level privileges, increases in referral income, and passive income generation, in addition to purchase and sale transactions.
Brief Information About MEXC Cryptocurrency Exchange
Founded in 2018, MEXC Global is a centralized exchange that utilizes high-performance and massive order-matching engine technology. The platform is managed by a professional team with extensive experience in the financial sector and blockchain technology.
Currently, MEXC Global boasts approximately 10 million users in over 100 countries worldwide. This significant achievement is a significant milestone. With these achievements, MEXC Global aims to become the preferred platform for both new and experienced investors on their financial journey.
MEXC has increased its visibility across continents and expanded its jurisdiction by obtaining important licenses in three countries: Australia, Estonia, and the United States. MEXC Global offers localized language support for investors from different countries to easily trade.
MEXC Global uses a high-performance trade matching engine developed by banking experts, capable of completing 1.4 million transactions per second, significantly improving efficiency and performance. {alertSuccess}
At MEXC Global, user security is our top priority, so our servers are independently located in multiple countries to ensure data integrity and security.
Within a year, MEXC has gained a share of the global digital asset trading market. Most recently, in 2021, MEXC was awarded the title of "Best Crypto Exchange in Asia" by Cripto Expo Dubai, adding another impressive list of achievements for the MEXC team. {alertSuccess}
What is MX Coin?
MX Token is the multi-purpose coin of the MEXC Global Cryptocurrency Exchange. MX Token is one of the crypto assets that particularly attracts the attention of crypto investors with a conservative approach.
MX Token attracts significant attention and investment support due to its ownership by the MEXC Exchange. Clearly demonstrating the power behind a crypto asset, especially when this power is an exchange like MEXC, naturally attracts investors.
MX Token is a valuable savings tool and also provides passive income, similar to DeFi. {alertSuccess}
MX is the only token owned by the MEXC Exchange. It has been announced in exchange resources that 100% of the profits from crypto trading and ETF transactions, along with a portion of MX, will be bought back and burned.
MX Token currently offers various uses, including reduced transaction fees, voting on projects, providing raffle bonuses, MX DeFi staking, and more.
MX Token is a decentralized digital asset developed by the MEXC platform, and MX also operates with a PoS (Proof of Stake) mechanism.
As the sole platform token in the MEXC ecosystem, MX Token plays a key role in connecting communities, teams, and partners.
MEXC offers various benefits, including fee reductions, SpaceM innovation, M-Day special benefits, and project voting in the evaluation zone. It is working to increase the value of the MX Token through events.
MEXC also launched its "Growth Plan for Everything" to improve the MX Token economy and expand its use cases, launching BSC and HECO as the first cross-chain asset and opening various operations, such as on-chain lending, mining, and DEX trading.
What is the MX Coin Burn?
A review of the announcements on the MEXC Exchange reveals that, starting July 1st, the MEXC platform will periodically repurchase and burn MX from the secondary market with 100% of the profits from monthly transaction fees. It was also stated that the burn will occur monthly. The burn will continue until the remaining 100 million MX Tokens in circulation, thus preserving the deflationary nature of the MX Token.
How to Register on the MEXC Exchange?
To buy MX coins, register on the MEXC Exchange. You can register using either your email address or your mobile phone number. Click the link below to register.
{getButton} $text={MEXC Registration Link} $icon={link} $color={#00008B}
The "Referral Brotherhood" referral link is a shared referral link with a 150% commission discount [50% Spot + 50% Futures + 50% DEX+].
When registering, make sure you write "Invitation Code""17Hjw". The commission discount and cashback you'll receive are reflected as 150%.
After registering, make a note of your registration information so you don't forget it. {alertWarning}
Where is MX Coin Used? What are its Benefits?
How to buy MX Coin? Where is it used? I will explain it step by step in this section.
As I've written before, MX Coin is an exchange token. Investors investing in cryptocurrencies through the MEXC Exchange also add large amounts of MX Coin to their coin basket. This is because MX Coin is used in a wide variety of events and services within the MEXC Global Exchange, one of the world's best cryptocurrency exchanges. Let's explain these now.
Investing by Adding MX Coin to Your Coin and Altcoin Basket
This feature is a must-have. Many investors have been investing in MX coin for a long time and have achieved truly impressive returns.
When investing, cryptocurrency investors create a basket of many different major and minor coins. This basket is called a "Coin Basket" or an "Altcoin Basket." MX coin is abundantly included in these baskets.
To Get a Commission Discount on Transaction Fees
You can use MX Token as a commission discount on your buy and sell transactions on the MEXC Exchange. This is a particularly important feature for you if you're a frequent trader.
To Participate in the MEXC Launchpad Event
The MEXC Exchange offers users special and low-cost opportunities to invest in project tokens early through the Launchpad event.
MX Token is crucial in this event. The MEXC Exchange takes a daily screenshot of the number of MX Tokens held by users and, in return, distributes rewards from the project tokens offered at the Launchpad event.
For detailed information about MEXC Events, you can also read the article: "What is MEXC Launchpool? How to Participate?" {alertSuccess}
To Participate in the MEXC Kickstarter Event
The "Kickstarter" event is a listing campaign where a project is voted on to be listed on MEXC before launch, and then a free token airdrop is distributed to all users who successfully vote.
If the voting target is not met, MEXC will cancel the project listing and unlock the voting tokens. This event is designed to list more quality projects on MEXC and provide free airdrops to MEXC users.
For detailed information about MEXC Events, you can also read the article "What is MEXC Kickstarter? How to Participate?"{alertSuccess}
To Participate in the MEXC M-Day Event
M-Day is an event specifically organized for mainstream crypto investors to participate in project token airdrops. You must hold MX coins for the events, which are held under three different conditions.
For detailed information about MEXC Events, you can also read the article: "What is MEXC M-Day? How to Participate? Step-by-Step Instructions." {alertSuccess}
For Participating in MX-DeFi Events
The cryptocurrency exchange that hosts the best DeFi events in the world is undoubtedly MEXC. MX DeFi, which I frequently use and earn income from, is an event every cryptocurrency enthusiast should visit.
For detailed information about MEXC Events, "What is MEXC MX DeFi? How to Participate? Step-by-Step Explanation." {alertSuccess}
Conclusion
In this article, I tried to explain what the MX token, the MEXC cryptocurrency exchange token, is and what it does. The MX token is used in many ways not yet mentioned here, such as ecological funds and offline payments, and its use continues to expand every day. If you've read this far, I owe you a debt of gratitude and wish you good luck.
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