Based on the community voting result on MX Token 2.0 Proposals, MEXC has carried out the MX burn in Q1 2022.
Details are as follows：
- The number of MX tokens burnt in Q1 2022: 2,266,655 MX
- The burn address: https://etherscan.io/tx/0xc4c44bee4ef5f679255c486a1e140172fc1a2838a895da8280da298338c336a7
Details of the Plan:
New “Buy-Back and Burn” Program
MEXC will introduce a new “Buy-Back & Burn” Program. We will commit 40% of the MEXC platform profit to buy back and burn the MX Token from the market quarterly, with the goal of maintaining a circulating supply of MX Token at 100 million.
Learn more about MX Token 2.0:
MEXC Releases the Result of MX Community Voting on MX Token 2.0 Proposals
MEXC has always placed a high value on the community's voice to develop the MX ecosystem better. We appreciate your valuable advice, and thank you for your support!
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The MEXC Team
19 April 2022