Toronto, Ontario–(Newsfile Corp. – September 26, 2022) – On Sept. 26,
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MX Token is proof of rights and interests issued in the MEXC ecosystem. It is a tradable encrypted digital proof of rights and interests and was first launched in 2018 with an initial supply of 1 billion.
On Dec. 31, 2021, after 38 repurchases, MEXC permanently burned a total of 450 million MX Tokens. Meanwhile, according to the MX Token 2.0 proposal, after being voted by the MX Token community, 100 million MX Tokens have been transferred to the black hole address again and permanently burned (these tokens were held by MEXC Foundation Reserve). After the burn, the total supply dropped to 450 million, 100 million of which are circulating on the secondary market.
As of July 31, 2022, through the latest repurchase and burn, the total supply of MX Tokens has reduced to 443,857,130, and the circulating supply has dropped to 93,857,130.
After repeated repurchases, burns and increasing application scenarios, the MX Token rose from a low of about 0.119 USDT to the peak of 3.7 USDT from June 2020 to June 2022, with a maximum gain of 3,009%.
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, exchange-traded funds, futures, staking, NFT Index, etc., and serving more than 10 million users worldwide. The core team has a solid background in traditional finance and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the “Best Cryptocurrency Exchange in Asia.” Currently, it supports the trading of more than 1,400 cryptocurrencies and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
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