As we bid farewell to 2023, we reflect on a year that saw both challenging lows and industry breakthroughs. In the last two months, the crypto market’s resurgence has sparked confidence among investors and enthusiasts, fostering anticipation for an upcoming bullish trend.
Exchanges stand as a pivotal element in the crypto industry, and their native tokens emerge as noteworthy investment opportunities within the crypto landscape. Numerous enthusiasts favor native token investments due to their lower risk profile. As these platforms evolve, the considerable future potential for appreciation in their native tokens becomes increasingly evident.
Why is MEXC’s native token MX considered the best financial product of the year? We’ll provide insights from various angles, including token performance, platform activities, and overall platform development.
Increases in Token Price
Whether it’s various token types or platform coins, the token’s price surge is a significant determinant for most users. As per CoinGecko’s data, within the top 15 centralized exchanges, 10 possess their own native platform tokens.
According to data from the past year, MEXC’s platform token MX has experienced the highest increase among all platform tokens, reaching a staggering 337.5%. As of the current date, it still maintains a significant gain of 177%. For users who have been holding MX tokens since earlier periods, their returns have been even more substantial.
|
Token Name
|
Current Price ($)
|
1-Year Low ($)
|
1-Year High ($)
|
Highest Growth (%)
|
Current Growth (%)
|
|
GT(Gate)
|
5.26
|
3.01
|
5.61
|
86.38%
|
74.75%
|
|
KCS(KuCoin)
|
10.88
|
3.84
|
13.8
|
259.38%
|
183.33%
|
|
LEO(Bitfinex)
|
3.97
|
3.33
|
4.17
|
25.23%
|
19.22%
|
|
BNB(Binance)
|
269.5
|
205
|
347.87
|
69.69%
|
31.46%
|
|
OKB(OKX)
|
54.16
|
23.05
|
62.14
|
169.59%
|
134.96%
|
|
BGB(Bitget)
|
0.59
|
0.17
|
0.66
|
288.24%
|
247.06%
|
|
MX(MEXC)
|
2.77
|
0.8
|
3.5
|
337.5%
|
177%
|
|
CRO(Crypto)
|
0.1
|
0.049
|
0.11
|
124.49%
|
104.08%
|
|
BIT(Biconomy)
|
0.00000505
|
0.00000326
|
0.00000812
|
149.1%
|
54.9%
|
|
DXC(Dex-Trade)
|
0.26
|
0.11
|
0.27
|
145.45%
|
136.36
|
Platform Events
Typically, native tokens serve specific purposes within their platforms, and MX is no different. MEXC’s native token, MX, not only allows fee discounts in everyday trading but also plays a role in engaging the platform’s Launchpad and Kickstarter events.
As per the data publicly disclosed by MEXC, there were a total of 1,113 airdrop events in the first 11 months of this year, accumulating a prize pool of $130 million. With an average of 101 events per month, participants received nearly $12 million in rewards each month.
For MX holders, this undoubtedly represents a stable financial income. As of now, MEXC’s official calculation of the APY for airdrop events has reached 182.30%.
You can observe ongoing airdrop events both on MEXC’s official website and various media channels. This suggests that the total prize pool continues to grow, leading to a continuous increase in earnings for users holding MX.
Regular and stable returns encourage more users to hold MX. Likewise, we have reason to believe that MEXC’s airdrop events will continue into the new year. User participation contributes to the platform’s trading volume, liquidity, and trading depth. Participating in events not only rewards users with risk-free profits but also creates a mutually beneficial scenario for both the platform and users.
Platform Development
Founded in 2018, MEXC has garnered a user base exceeding 10 million across 170+ countries and regions. Notably, the platform boasts a track record free of major security incidents, attracting users with its focus on safety, seamless user experience, extensive range of cryptocurrencies, and competitive low fee rates.
The MEXC platform has emerged as one of the mainstream trading platforms, with its stability and sustainability making it a platform worth sustained optimism for the future. The platform token, MX, is expected to continue benefiting from the platform’s ongoing development and growth, making it a fundamentally recognized asset in the market. This recognition is rooted in continuous positive developments and prospects for MX, making it a promising investment.
Additionally, MEXC officially conducts quarterly buybacks and burns of MX, maintaining the token’s circulating supply at around 100 million. The regular buyback and deflationary measures contribute to stabilizing the token price.
In summary, the MX token stands out as the top-performing financial asset of the year, showcasing exceptional returns, consistent platform event earnings, and promising prospects when compared to other native tokens. Early adopters have reaped the rewards of holding MX, existing users continue to enjoy monthly airdrop earnings, and for potential investors, entering now remains a timely opportunity.