MXC has used the 100% profit from trading fees of August to buy back MX from secondary market, and burned them on the last day of August according to the mode and schedule voted by MXC communities.
With the healthy development of MXC, MX, token of MXC platform, has already become the proof of staking for many activities held on the platform. For the solid development of MX ecosystem, MXC will continue to buy back and burn the MX used for “MXC MARS – Vote for Free Listing” and “IMX – 50% Off for New Listings” after acquiring agreement from project parties.
Here are the specifics:
A total of 2885317.18 MX was burnt in August.
(1) 125000 MX has been bought back and burnt from “ZIP—50% off for new listing” activity.
(2) 2760317.18 MX has been bought back and burnt from trading fee profit.
After burnt, the number of MX remained is 967,554,720.21
About MX Token
MX Token (MX) is a decentralized digital asset developed by MXC based on Ethereum. It is the proof of right in MXC communities---holders enjoy the rights to vote in MXC ecosystem, elect MXC team members and participate various community activities. The total issuance amount of MX is set to be 1 billion, among which 30 million MX has already been burnt. The total circulating supply now is about 270 million.
MXC has used 100% profit from trading fees each day to buy-back MX from secondary market and then burn them together on the last day of every month since July 1, 2019, till its total supply reaches 100 million. As token of MXC, MX empowers all community builders and participants, improves MXC ecosystem and helps MXC becoming a leading digital asset trading platform that provides secure, stable and convenient services for all users.
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Enjoying your trade on MXC.
The MXC team
September 3, 2019