MXC has Burnt the 245,568,421 MX Token Based on Voting Result

Dear MXCers:

MXC launched a voting campaign for whether to burn the 245,568,421 MX token hold by MXC ecosystem fund and investor protection fund on March 5. The voting result showed that 96% users agreed to burn them. Therefore, MXC has burnt the 245,568,421 MX token. The details are shown below:

 The burnt address:

https://etherscan.io/tx/0x99762014c3c7465b3964260bb73ab23a0b53e368d77ebe0833b4f7f0b9c6005c 

The remained MX token after burnt: 678,825,498.34 MX

The current circulating amount: 198,139,956.46 MX

Locked MX Token details:

FET locked 30,685,541.88 MX Token

The team allocation of 450,000,000 MX Token is locked

Checking address: 

https://cn.etherscan.com/address/0x11eef04c884e24d9b7b4760e7476d06ddf797f36

The MXC team made the promise that no matter when the team allocation to be unlocked, they would never enter the market for circulating. They will be included in MXC Buy-back & Burn Scheme, and will be repurchased & burnt with the development of MXC.

MXC will keep the Buy-back & Burn Scheme that it will use 100% profit from trading fee to buy back MX token from secondary market and burn them each month until the total supply decreased to 100 million.

MXC Exchange

March 7, 2020