Why I Bought MX: The MEXC Exchange Token Explained

In one of my previous posts, I mentioned that I bought the MX token. For transparency, on July 1st I picked up 1,000 tokens at a price of 2.31. Here’s a bit more detail on why I did it.

MX is the native token of the MEXC exchange, and it comes with several benefits.

👉 If you hold at least 5 MX, you can take part in Kickstarters and Launchpools and earn rewards from the exchange. I’m expecting an annual return of around 30–35% from this.

👉 Even if you just hold a small amount of MX, you can get a 20% discount on trading fees by paying them in MX. All you need is to keep any amount of MX in your account.

👉 If you have more than 500 MX tokens, you can cut your trading fees by 50%. Plus, with the rewards from Kickstarters and Launchpools, you’re likely to end up well in profit.

Why buy now? MX is currently at its lowest point in the last 2.5 years - a level it’s bounced off several times before. Sure, it’s not the most risk-free buy, but the potential for price growth looks pretty obvious. And unlike most tokens (which I still don’t really see the point of), MX actually has a real use case and clear financial benefits. Honestly, it’s hard to even call it a typical crypto token - it’s more like a share in the exchange, since MEXC basically shares some of its revenue from new coin listings with holders, almost like dividends.

I’ll share an update on how it’s going at the end of the month!😜

Originally posted in Telegram channel.