Review on MX Token by Fanuel PORPORTY
MX is the native token of the MXC trading platform
MX Token (MX) is a decentralized digital asset developed by MXC based on Ethereum. It is the proof of stake in MXC communities holders enjoy the rights to vote in MXC ecosystem, elect MXC team members and participate various community activities. The total supplie amount of MX is set to be 1 billion, among which 30 million MX has already been burnt. The total circulating supply now is about 200 million. MXC has used a part of profit from trading fees each day to buy-back MX from secondary market and burn them on the last day of every month since July 1, 2019, its total supply reaches 100 million. As token of MXC, MX empowers all community builders and participants, improves MXC ecosystem and helps MXC becoming a leading digital asset trading platform that provides secure, stable and convenient services for all users.
Pros
- MX Token produces its own wallet software that is available for download on its website, which allows you to store MX Token on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
- The trading network is built on the premise of the “sharing economy.” Therefore, it is uniquely and exclusively owned by users — both individuals and enterprises — who take advantage of the monetization of the network
- MX holders reportedly benefit from asset appreciation, rebates on platform revenue, supervision, and voting. MX can be obtained through mining or purchases.
Cons
- Exchange very little known internationally
- No communication around the project.
