MEXC will be using the profits from trading fees of July 2021 to repurchase MX tokens from the secondary market. The repurchased tokens have been burned on the last day of July 2021, following the voted plan by MEXC communities since July 2019.
Starting from November 2019, MEXC has also implemented “Buy-back & Burn” program on the MX tokens that our users had used to deduct trading fee.
Here are the specifics:
A total of 5076630.08 MX tokens was burnt in July, 2021.
The circulating part of FET locking will be burnt earlier than schedule time. There are 5076630.08 MX being burnt from the FET locking and more to be burnt subsequently in the future.
Starting from May 2021, to better develop MX ecosystem, MEXC will listen to community' advises and come up with voting to decide the proper way to handle MX Team Locked MX token when MX circulating supply reaches 100 million and FET locking is all burnt.
For more information, please stay tuned to our future announcement.
FET Burn Address:
After the burnt, the number of MX remained is 563,821,226.71 MX which consists of:
MX Team Locked: 450,000,000 MX
FET Locking: 13,821,226.71 MX
Circulating Supply: 100,000,000 MX
Address to check up to date MX Total Supply:
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