MX: how it works, supply and reviews
Visitor ratings: do you like MX?
Key facts
- Ticker
- MX
- Official site
- mexc.com
Data: CoinGecko (trading activity) and CoinPaprika (links), 2026-10-27. Only projects that still trade with meaningful volume are listed.
What is MX
MX Token (MX) is the native token of the MEXC crypto exchange, issued as an ERC-20 token on Ethereum. Holders get trading fee discounts and access to MEXC Launchpool and Kickstarter events, and MEXC buys back and burns MX every quarter.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Exchange token of MEXC |
| Runs on | Ethereum (ERC-20 token, 18 decimals) |
Supply and issuance
| Parameter | Details |
|---|---|
| Fee burn | Under MX Token 2.0, MEXC uses 40% of quarterly platform profits to buy back and burn MX |
| Circulating target | MEXC states circulating supply is kept at 100 million MX |
| Example burn | 2,206,000 MX burned for Q1 2025, verifiable on Ethereum |
What MX is used for
- 20% discount on MEXC trading fees
- Staking in MEXC Launchpool to receive airdrops of new tokens
- Voting for new listings in MEXC Kickstarter events
- Higher referral rebates for holders
Who develops and governs MX
- Company
- MEXC, a crypto exchange founded in April 2018
- Governance
- MX holders can vote on MEXC proposals; the MX Token 2.0 proposal was adopted through a community vote
History
| Date | Event |
|---|---|
| April 2018 | MEXC exchange founded; MX was later issued as its native token. |
| 14 April 2025 | Q1 2025 buyback and burn of 2,206,000 MX completed under the MX Token 2.0 framework. |
| 14 April 2025 | Burn transaction recorded on Ethereum by calling the MX Token contract's burn function. |
Official MX contracts
| Network | Contract address |
|---|---|
| Ethereum | 0x11eef04c884e24d9b7b4760e7476d06ddf797f36 |
MX is an ERC-20 token on Ethereum; MEXC's own burn transaction calls this contract.
Risks and caveats
- MX is closely tied to one company: burns depend on MEXC's quarterly profits, and most uses exist only on the MEXC platform.
- MEXC's stated 100 million MX circulating figure differs from the on-chain token supply reported by Etherscan.
- Using Launchpool and airdrops requires a MEXC account with KYC verification.
Official links
- Website: www.mexc.com/mx
- Blog: blog.mexc.com/q1-2025-mx-token-buyback-and-burn
- Block explorer: etherscan.io/token/0x11eef04c884e24d9b7b4760e7476d06ddf797f36
Questions and answers
What is MX Token (MX)?
MX is the native token of the MEXC exchange, an ERC-20 token on Ethereum that gives fee discounts and access to Launchpool and Kickstarter.
Who created MX?
MX was developed by MEXC, a crypto exchange founded in April 2018.
How does the MX burn work?
Under MX Token 2.0, MEXC uses 40% of its quarterly platform profits to buy back and burn MX.
What is the supply of MX?
Etherscan showed 409,024,834 MX on 28 October 2026; MEXC says circulating supply is kept at 100 million MX.
Sources
- CoinGecko — MX
- CoinPaprika — MX
- MEXC — MX Zone (archived 10 June 2026)
- MEXC Blog — Understanding the Functions and Benefits of MX Tokens
- MEXC Blog — Q1 2025 MX Token Buyback and Burn
- Etherscan — MX Token
- Etherscan — Q1 2025 MX burn transaction
More in this section
How voting works
Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.
Page updated: