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What is the issuance price and issuance volume of MX Token?
The MX Token was launched through an IEO on the MXC Exchange with an issuance price of $0.01 and a total issuance volume of 1 billion tokens.
Nov 19, 2024 at 07:01 am
What is the issuance price and issuance volume of MX Token?
MX Token (MX) is the native token of the MXC Exchange, a centralized cryptocurrency exchange based in Seychelles. The token was launched in 2018 through an initial exchange offering (IEO) on the MXC Exchange.
Issuance Price
The issuance price of MX Token was $0.01 per token. This price was set during the IEO, which ran from August 20 to September 5, 2018.
Issuance Volume
The total issuance volume of MX Token is 1 billion tokens. Of this total, 500 million tokens were sold during the IEO, while the remaining 500 million tokens were retained by the MXC Exchange team.
Use Cases of MX Token
MX Token has a variety of use cases within the MXC Exchange ecosystem, including:
- Trading Fees: MX Token can be used to pay for trading fees on the MXC Exchange. This provides users with a discount on trading fees, which can be significant for high-volume traders.
- Staking: MX Token can be staked to earn rewards. Stakers receive a share of the exchange's trading fees, as well as rewards from the MXC Launchpad.
- Governance: MX Token holders can participate in the governance of the MXC Exchange. This includes voting on proposals to change the exchange's policies and procedures.
- Access to Exclusive Features: MX Token holders have access to exclusive features on the MXC Exchange, such as the ability to participate in airdrops and to purchase tokens at a discounted price.
MX Token Performance
Since its launch, MX Token has performed well. The token has reached a high of $0.26 in February 2021, and has a current price of $0.05. This represents a return of over 400% for early investors.
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