MX

What is MX?

Founded in 2018, MEXC has quickly emerged as a powerhouse in the realm of digital asset trading, propelled by its cutting-edge technology and pioneering team in the financial and blockchain sectors.

MEXC's influence spans over 170 countries, boasting a user base exceeding 10 million. The platform has strategically positioned itself on major continents, abiding by regulations from renowned jurisdictions worldwide. This global footprint is reinforced by localized language support, facilitating seamless trading experiences for users of diverse backgrounds.

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Recent Video Interview

Main points of the interview:

• Community Engagement: MEXC gathered questions from their community on Twitter.
• Interview Highlights: Masa discusses Pacer’s mission to simplify DeFi, high-interest rates, and regulatory compliance.
• Conclusion: MEXC shares excitement about Pacer's innovations and teases future developments like a metaverse credit card.

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Why Choose MEXC?

At the heart of MEXC lies a high-performance trading engine, a brainchild of experts from the banking industry. Capable of executing a staggering 1.4 million transactions per second, this engine sets new standards for efficiency and performance. MEXC prioritizes user security, hosting servers independently across multiple countries to ensure optimal data integrity and security.

In 2019, MEXC achieved a remarkable 5% global digital asset trading market share in just one year. Recognition for excellence came in 2021 when the platform was awarded the "Best Crypto Exchange Asia" accolade at the Crypto Expo Dubai. MEXC's rapid growth is anchored in its commitment to safety, stability, high performance, liquidity, and global accessibility.

The MX Token

MEXC's native token, MX, operates on a deflationary model. A portion of the collected trading fees is used to buy back and burn tokens, effectively reducing the overall supply. MX serves as a catalyst for MEXC's growth and expansion, incentivizing token holders to actively contribute to the ecosystem.

Core Products: MEXC's suite includes Launchpad, facilitating early-stage project investments; Kickstarter, a pre-launch voting event for project launches; MX-DeFi, a mining reward program allowing users to stake MX tokens; and M-Day, an activity enabling users to participate in the lottery-based purchase of newly issued digital tokens.

MEXC Team Background

Established in April 2018 and registered in Seychelles, the company laid its foundations as an exchange co-founded by Sheen Xin Hu (CEO), Aaron Wagener (COO), and Piotr Brzezinski (CTO). Sheen Xin Hu, the driving force behind the MXC Foundation, concurrently serves as the founder and CEO of MatchX.

Holdings dual master's degrees in Computer Systems Networking and Telecommunications from Technische Universität Berlin and in Network and System Administration from Université Pierre et Marie Curie, Sheen Xin Hu brings a decade of tech development expertise to the table. His professional journey includes roles as a hardware engineer at Airfy and Relayr, along with a stint as a marketing assistant at ASUS. Presently, Sheen Xin Hu wears the hats of LPWAN, Docker, and Blockchain evangelist, serving as the core developer at MXC zkEVM.

As of 2021, Singaporean businessman John Chen has assumed the role of CEO at MEXC, marking a pivotal moment in the company's evolution. The same year witnessed the official rebranding of MXC Exchange to MEXC Global, now recognized as MEXC Official under John Chen's leadership.

MEXC Project Development

MEXC, the cryptocurrency exchange, recently hosted 48 successful free airdrop events, boasting a $2,000,000 prize pool and engaging nearly 100,000 users. Participants can now earn up to 132% APY on their cryptocurrency holdings. Notably, during the week of December 10 to December 16, some tokens experienced impressive growth rates, with the highest surging by 1,800.00%. To streamline the process, MEXC introduced the Small Asset Conversion Portal, allowing users to convert their earnings directly on-site, enhancing convenience. Stay tuned for more updates from MEXC as they continue to provide value to their growing user base.

MX Price Analysis

As of December 25 2024 MX has a marketcap of $330M. This is {{percentagefromath}} from its all time high of $5.85. In terms of its tokenomics, there's a total supply of 422M with 23% currently outstanding. Keep in mind MX has a fully diluted value of $1.4B which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.