MEXC completed its Q4 2024 MX Token Buyback and Burn, eliminating 3.39 million tokens worth over $12 million, reducing total supply by 3.5%.
Since 2022, a total of 581,608,166 MX tokens have been destroyed through regular buybacks and burns, as MEXC commits 40% of profits to this process.
Holding MX tokens provides benefits such as up to 50% trading fee discounts and exclusive eligibility for weekly airdrops of new projects.
MEXC aims to enhance token value through buybacks, burns, and community engagement, positioning itself as a leading platform for efficient trading.
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