MX Token (MX)

Spotlighting our expert reviews on: @MEXC

Our OG expert reviewers note that MEXC has become one of the go to exchanges for discovering new and emerging tokens before they reach larger platforms. Its broad asset selection, deep listings catalogue and active promotional ecosystem make it particularly attractive to traders hunting early opportunities.

However, that same strength can also be a weakness. The platform’s focus on listing large numbers of assets makes quality control harder to assess, while customer support and overall platform polish often receive mixed reviews. MEXC has also faced regulatory scrutiny in some jurisdictions, a common challenge for globally operating exchanges that aggressively expand listings and services.

Can MEXC maintain its edge as the first stop for new token discovery or will quality, trust and regulation become bigger factors than simply listing assets first?

Category: Centralized Exchange
24H Volume: $1.593B
Markets: 3091
Fees: Spot: Spot: 0.00% maker, 0.05% taker. Future

OGAudit Web3 Research: @MEXC $MX - The Exchange Token That Burned 40% of Its Supply but Still Underperforms?

MX is the native utility and governance token of MEXC Exchange, one of the earliest altcoin listing exchanges with 40M users and the most aggressive token burn program in exchange token history:

- MEXC operates in 170+ countries with 3,000+ tradeable cryptocurrencies, bi-monthly proof of reserves exceeding 100% on all major assets, a $526M Insurance Fund, spot, futures, margin, ETF, staking and launchpad products and industry leading early listing of new and emerging tokens giving MX holders fee discounts of 20% on spot and futures, exclusive Launchpad and Kickstarter token sale access, governance voting and staking rewards.
- MX Token 2.0 commits 40% of quarterly exchange profits to buyback and burn targeting a 100M circulating supply ceiling, burning 2.39M MX in Q2 2025 and 3.39M in Q4 2024 with Q2 2026 burn imminent. Approximately 40% of total MX supply has been permanently destroyed bringing circulating supply from 470M+ down to 91.84M.
- Despite burning 40% of supply, MX declined 31.27% year on year while peer tokens BGB surged 452% and OKB surged 197.68% with analysts citing the need for publicly verifiable regulatory licensing progress before burns translate into sustained price appreciation rather than just a supply floor.

Is the most aggressive exchange token burn program in crypto targeting a 100M supply ceiling with 40% already destroyed and a Q2 2026 burn imminent the setup for MX’s breakout once the remaining supply is burned down to target or do BGB and OKB’s outperformance and the regulatory credibility gap confirm that burns without institutional trust cannot close the performance gap with top tier exchange tokens?

Category: Exchange Token / Centralized Exchange
Coin Name: $MX
Circulating Supply: 91.84M
Market Cap: $161.5M
Market Cap Rank: #153
OG (Trust) Score: 40.54
OG Score Rank: #145/1358
Reviewed by 8 OG Auditors.

See the Social Audit with Reviews by crypto OG’s and more on the $MX Coin page: ogaudit(.)com/crypto/mx-mx
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