MEXC Successfully Executes a $12 Million MX Token Burn in Q4 2024, Increasing Token Worth

Seychelles, January 15, 2025 – The global cryptocurrency exchange MEXC has successfully concluded its Q4 2024 MX Token Buyback and Burn program, effectively erasing 3.39 million tokens valued at over $12 million ( According to the market data from January 15, 2025, per CMC ). This action has successfully decreased the overall MX Token supply by 3.5% , underscoring MEXC’s dedication to boosting token value and fortifying 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 additional details, kindly refer to the Q4 burn announcement .

Overview of the quarterly MX Burn process:

MEXC has been dedicated to lowering the circulating supply of MX tokens to boost scarcity and promote sustainable value, thereby benefiting all holders of MX tokens.

Since initiating its burn strategy in 2022, 581,608,166 MX tokens have been removed from circulation through consistent buybacks and burns. Each quarter, MEXC allocates 40% of its platform earnings to the buyback and burn initiative, aiming 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 strategic buybacks, burning mechanisms, partnerships, and community involvement. For holders of MX tokens, it represents more than just an investment; it's a portal to exclusive rewards and a thriving ecosystem.

Trading Fee Discounts:

Take advantage of up to 50% off on trading fees, enhancing affordability for users.

Exclusive Airdrop Eligibility:

Holding MX tokens provides unique access to airdrops for emerging projects from initiatives like the MEXC Launchpool and Kickstarter, with opportunities for as many as 50 free airdrops available weekly.

Additionally, MEXC is devoted to being the most effective cryptocurrency trading platform, ensuring low fees, a diverse array of tokens, and generous incentives to deliver an exceptional trading journey. With its continual innovations and enhancements, MEXC has established itself as the choice platform for numerous crypto traders, winning their confidence.

About MEXC

Founded in 2018, MEXC aims to be regarded as “Your Easiest Way to Crypto.” Serving a user base of over 30 million across more than 170 nations, MEXC is acclaimed for its extensive range of trending tokens, frequent airdrop possibilities, and low trading costs. Our intuitive platform is designed to cater to both newcomers and seasoned investors, granting secure and efficient access to digital assets. MEXC emphasizes simplicity and innovation, making crypto trading more approachable and rewarding.

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Risk Disclaimer:

The insights contained within this article regarding cryptocurrencies do not reflect MEXC's official stance or investment guidance. Due to the inherently volatile nature of the crypto market, readers are urged to thoroughly assess market trends, project fundamentals, and potential financial risks prior to making any trading decisions.