When was MX Token issued?

MX Exchange: A Comprehensive Overview

Introduction

MX Exchange, formerly known as MXC Exchange, is a cryptocurrency exchange that offers spot, margin, and derivatives trading. It was founded in April 2018 and is headquartered in Singapore. MX Exchange is known for its user-friendly platform, diverse coin offerings, and innovative features such as copy trading and Social Trading.

MX Token: Background and Significance

The MX Token (MX) is the native token of MX Exchange. It plays a crucial role in the exchange's ecosystem, offering various benefits and utility to its holders.

Issuance Date and Purpose

• MX Token was issued on March 18, 2021.
• It was created to fuel the growth and development of the MX Exchange ecosystem.
• MX Token holders enjoy exclusive benefits, including trading fee discounts, participation in governance decisions, and access to special events and promotions.

Token Distribution and Allocation

• 40% of MX Tokens are allocated for platform development.
• 25% are allocated for the community through rewards, airdrops, and competitions.
• 15% are allocated to the founding team.
• 10% are allocated to early investors and advisors.
• 10% are allocated for liquidity and market operations.

Use Cases and Benefits of MX Token

• Trading Fee Discounts: MX Token holders receive discounts on trading fees, reducing their transaction costs.
• Governance Participation: MX Token holders can participate in the governance of MX Exchange by voting on proposals and influencing platform decisions.
• Staking: MX Tokens can be staked to earn rewards and support the security of the MX Exchange network.
• Access to Exclusive Features: MX Token holders gain access to exclusive features, such as copy trading, Social Trading, and airdrop opportunities.
• Liquidity and Market Operations: MX Tokens are used to provide liquidity on the MX Exchange platform and support market operations.