MEXC Completes Over $12 Million MX Token Burn in Q4 2024, Enhancing Token Value
Seychelles, January 15, 2025 – MEXC, a leading global cryptocurrency exchange, has successfully completed its Q4 2024 MX Token Buyback and Burn program, eliminating 3.39 million tokens valued at over $12 million (According to the price data from January 15, 2025, on CMC). This burn reduces the total MX Token supply by 3.5%, demonstrating MEXC’s ongoing commitment to enhancing token value and strengthening its ecosystem.
Q4 2024 MX Token Burn Details
- Total MX burned in Q4 2024: 3,390,000 MX Tokens
- Burn Address: View Transaction on Etherscan
- Current Circulation: 93,391,834 MX Tokens
For further information, please refer to the Q4 burn announcement.
About the quarterly MX Burn mechanism:
MEXC has been committed to reducing the circulating supply of MX tokens to enhance scarcity and drive long-term value, benefiting all MX token holders.
Since 2022, a total of 581,608,166 MX tokens have been destroyed through regular buybacks and burns. Each quarter, MEXC allocates 40% of platform profits for the buyback and burn of MX tokens, to maintain a circulating supply of 100 million MX tokens.
Benefits of Holding MX Tokens in 2025
MEXC enhances the value of MX tokens through buybacks, burns, strategic partnerships, and community engagement. For token holders, MX is more than just an asset; it’s a gateway to exclusive benefits and a growing ecosystem.
Trading Fee Discounts:
Enjoy up to 50% off on trading fees, enhancing cost-effectiveness for users.
Exclusive Airdrop Eligibility:
MX token holders gain exclusive eligibility for airdrops of new projects, including those from MEXC Launchpool and Kickstarter, with up to 50 free airdrops available each week.
Moreover, MEXC is dedicated to being the most efficient cryptocurrency trading platform, offering low fees, a wide range of tokens, and generous rewards to ensure an optimal trading experience. With innovative services and continuous improvements, MEXC has become the preferred platform for many crypto traders, earning their trust.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly 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 crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
