MX Token

MX is the token of the MEXC crypto exchange. It gives trading fee discounts and access to token airdrops.

MX (MX Token) is the platform token of MEXC, a centralised crypto exchange that says it was founded in 2018 and serves users in more than 170 markets. MX is an ERC-20 token on Ethereum; its contract was deployed on 21 June 2018. It has no blockchain of its own.

MEXC states a maximum supply of 1 billion MX. By 2 October 2026 it reported 590,975,166 MX burned, leaving a total of 409,024,834 MX. Of that, 91,837,334 MX circulate and 317,187,500 MX are shown as locked; on Ethereum the locked amount sits in three multisig wallets.

From 2021 MEXC used 40% of its quarterly profits to repurchase and burn MX until fewer than 100 million tokens circulated. On 28 December 2025 it said this first phase was complete. Since then burns are made according to market conditions to keep circulation within 100 million, and team token releases are suspended.

Holding 500 or more MX halves trading fees on MEXC, on both spot and futures. MX holders can also stake MX in Launchpool or hold it for Kickstarter events to receive airdrops of new tokens. Most trading on MEXC is in futures. Dubai's regulator VARA fined the exchange in June 2026 for serving Dubai customers without a licence, and MEXC does not serve the United States, the United Kingdom, Canada, Malaysia, Kazakhstan and several other places.