A total of 3.39 million MX tokens were burned last quarter.
MX holders have benefits such as commission discounts and exclusive airdrops.
MEXC, a leading global cryptocurrency exchange, is proud to announce the successful completion of its MX token buyback and burn program for the fourth quarter (Q4) of 2024.
In this recent initiative, were withdrawn from circulation 3.39 million MX tokensvalued at more than 12 million dollars according to price data for January 15, 2025 on CoinMarketCap. This strategic burn represents a 3.5% reduction in the total supply of MX tokens. This highlights MEXC’s continued commitment to strengthening the ecosystem and increasing the value of the token.
Q4 2024 MX Token Burn Details
- Total burned in Q4 2024: 3,390,000 MX tokens.
- Transaction details: View information in Etherscan.
- Circulating supply: 93,391,834 MX tokens.
For more information, see the Q4 2024 burning announcement.
About the quarterly MX burning mechanism
Since its creation, MEXC has been committed to reducing the circulating supply of MX tokens to increase its scarcity and generate long-term value for MX token holders.
Since 2022, a total of 581,608,166 MX tokens have been withdrawn through regular purchases and burning. Each quarter, MEXC allocates 40% of the platform’s profits to these buybacks, with the purpose of maintaining a target circulating supply of 100 million MX tokens.
Benefits of holding MX tokens in 2025
MEXC continually increases the value of MX tokens through buybacks, burns, strategic partnerships, and active community engagement. For MX holders, this token is more than an asset; It is a gateway to exclusive benefits and a growing ecosystem.
Discounts on operating fees
Users can enjoy up to 50% discount in trading commissionswhich improves the profitability of each operation.
Eligibility for exclusive airdrops
MX holders have exclusive access to airdrops of new projects, including those launched through MEXC’s Launchpool and Kickstarter, with up to 50 free airdrops available every week.
MEXC continues to lead the way in innovation with strategic initiatives such as the MX token buyback and burn program. This program not only enhances the value of the tokens, but also reaffirms its commitment to enriching the user experience. By continually advancing its platform and services, MEXC ensures an exceptional trading environment, thereby establishing itself as the platform of choice for rigorous traders globally.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Path to Crypto.” With over 30 million users in over 170 countries and regions, MEXC is known for its wide selection of trending tokens, frequent airdrop opportunities, and low trading fees. Its intuitive platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making cryptocurrency trading more accessible and rewarding.
MEXC official website｜ x ｜ Telegram ｜How to register at MEXC
Risk notice:
The information provided in this cryptocurrency article does not represent the official position of MEXC nor does it constitute investment advice. Given the high volatility of the cryptocurrency market, investors are strongly advised to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making trading decisions.
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