MXC has used the 100% profit from trading fees of October to buy back MX from secondary market, and burned them on the last day of October according to the mode and schedule voted by MXC communities.
With the healthy development of MXC, MX, token of MXC platform, has become the proof of rights 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 – Discount for New Listings” after reaching agreement from project parties.
Here are the specifics:
A total of 11,105,263 MX token was burnt in October.
After burnt, the number of MX remained is 948,208,804.21
About MX Token
MX Token (MX) is a decentralized digital asset developed by MXC based on Ethereum network. 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 supply of MX is a fixed number of 1 billion, among which 40 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
November 2, 2019