1. Brief Introduction
MX TOKEN (MX) is a kind of digital asset developed by MXC Platform based on Ethereum network.
2. Detailed Introduction
MX Token (MX) is a decentralized digital asset developed by MXC based on Ethereum. It is the proof of stake 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 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.
3. MX Distribution Mechanism
1. Team: 45%
2. Ecological Foundation: 25%
3. Private Sale: 30%
4. Token Information
Total supply: 1,000,000,000
Current circulating supply: 259,314,067.21
Seed Round: 10% of the total circulation, 1 ETH = 50,000, 20% of which is used for rewards. 30% of the principal will be issued first, and both 70% of the locked principal and the reward will be averagely released on a monthly basis, which will last for 7 months.
Ecological Release: MXC Ecological Foundation will make a budget in accordance with the demand of operation, and determine whether to release by voting. The amount determined in the budget will be released in batches complying with the real demand.
Team Release: It is expected to be released in January, 2020. MXC is supposed to launch a poll in December, 2019, to determine the release method and speed.
5. Related Links
Official website: https://www.mxc.co
White paper: https://www.mxc.co/whitepaper.pdf