Buy & Swap MX Token (MX)

$1.77+0.26% (24h)ERC20 network

MX Token (MX) can be swapped instantly on SwapRocket — no account, no KYC and zero added fees. Compare live MX rates from every connected provider and receive funds in your own wallet in minutes.

Swap MX instantly — no KYC

MX / USD — 24H chart

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MX Token statistics

Market cap$162.5M

Fully diluted market cap—

24h volume$6.44M

Circulating supply91.84M MX

Max supply∞

Total supply—

All-time high$2.65

Market dominance—

Rank—

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About MX Token (MX)

Crypto token

MX Token (MX) is a crypto token on the ERC20 network. It powers its project's ecosystem — used for things like access, governance, fees, or rewards — and trades freely against other digital assets.

How does MX work?

MX Token runs as a token on the ERC20 network, which means it benefits from that chain's security and tooling while serving the specific role its project defines — for example governance votes, platform fees, staking, or in-app utility.

What is MX used for?

Holders use MX to participate in the MX Token ecosystem and to gain exposure to the project's growth. As with any token, its value is tied to real usage and demand for what the project offers.

How to buy or swap MX on SwapRocket

Pick MX as the asset you want to receive.
Choose which crypto you're paying with.
SwapRocket compares every connected exchange and surfaces the best rate.
Paste your wallet address and confirm — funds arrive in minutes.

MX Token (MX) swap profile

This profile explains how MX Token swaps work on SwapRocket: the network MX settles on, what an exchange costs, how long it usually takes, and which pairs are published. Rates are aggregated live from every connected provider and shown in full before you commit to anything.

MX key facts

Ticker: MX
Settlement network: ERC20
Category: Crypto token
Custody: Non-custodial — coins move from the provider straight to your wallet
Cost to you: Zero added fees; you see the provider rate
Verification: No KYC for crypto-to-crypto swaps
Typical completion: Most swaps finish in under 10 minutes
Rate options: Best rate, fastest route or fixed rate
Published pairs: 0 published MX pairs

How a MX swap works

Enter the amount you want to exchange, pick the asset on the other side, and SwapRocket queries every connected exchange partner at once. You choose an offer, paste the wallet address that should receive the funds, and send MX to the deposit address shown. The partner executes the trade and pays out to your address — SwapRocket never holds your coins, and there is no account to create before you start.

Choosing a rate for MX

Three offers are presented for every MX exchange. The best rate returns the largest amount for the size you entered. The fastest route favours the partner with the shortest expected settlement time, which matters when the market is moving. The fixed rate locks the quoted amount for the duration of the order, so what you are shown is what arrives, at the cost of a slightly smaller payout. Floating offers can move with the market between deposit and settlement.

Networks and addresses for MX

MX Token settles on ERC20. Always send from and to an address on that network: a deposit sent over a different chain cannot be recovered by the exchange partner. When an asset exists on several chains, pick the matching network in the widget before copying the deposit address, and send a small test amount first if you are unsure.

What is MX? · Sourced guide · Updated 2026-10-01 · 8 sources cited

Most exchange tokens launch with a fixed supply and leave it there. MX started as an Ethereum-native token with a 1 billion cap in 2018, then its community approved a plan to burn the majority of that supply down, redirecting a 450 million-token team allocation to users instead. What did that plan actually do to the token, and how far has it gone?

MX is MEXC's exchange token, built on Ethereum in 2018 with an initial and maximum supply of 1 billion. In 2021 the community approved a buyback-and-burn programme aimed at shrinking circulation to under 100 million, and MEXC says it has also redirected a 450 million-token team allocation toward user benefits rather than team payouts. This profile draws on MEXC's own tokenomics, info and announcement pages.

A 2018 launch with a fixed ceiling

MX was issued on Ethereum in 2018 as the native token of what later became the MEXC exchange, with an initial supply and a maximum supply both set at 1 billion tokens. Fixing initial and maximum supply at the same figure meant MEXC could not mint additional MX beyond that original 1 billion ceiling.

A token launched this way typically depends on two decisions to keep scarcity meaningful over time: what happens to the large allocations set aside for the team and the company, and whether the project commits to removing tokens from circulation as usage grows. MX's history over the following years answered both questions.^{[2], [3]}

The 2021 buyback-and-burn vote

In 2021, MEXC's community approved a buyback-and-burn programme for MX, with a stated target of bringing circulating supply under 100 million tokens. A buyback-and-burn model works by using a share of exchange revenue or reserves to repurchase MX from the market and then destroy it permanently, rather than holding or redistributing it.

This is a different mechanism from a one-off token burn event: it is a recurring commitment, meaning its effect on supply compounds over multiple burns rather than happening once. The target of under 100 million, against an original 1 billion maximum, implied removing roughly nine-tenths of the token's theoretical maximum supply from active circulation.^[4]

Redirecting the team's own allocation

Alongside the burn programme, MEXC says it redirected a 450 million-token allocation that had been set aside for the team, routing it toward user benefits instead of team compensation. MEXC also states that future team token releases have been suspended.

Combined with the burn mechanism, this removed one of the two usual sources of future sell pressure on an exchange token — large, scheduled team unlocks — from the supply picture, at least as MEXC describes its own policy. Independent on-chain confirmation of the full 450 million figure and the suspension's permanence sits outside the pages reviewed for this profile.^[5]

What MX 2.0 added for holders

MEXC's MX Token 2.0 announcement sets out what holding MX is meant to be used for on the exchange: up to a 20% discount on trading fees, access to Launchpool and Kickstarter token offerings, and affiliate commission tiers that can reach up to 70%.

These are utility features tied to using the exchange itself, rather than claims about MX's price. They describe what a holder can do with the token day to day — lower trading costs, earlier access to new token listings through Launchpool and Kickstarter, and higher referral payouts for those running affiliate programmes.^[6]

Passing the 100 million threshold

MEXC's December 28, 2025 announcement states that cumulative MX burned reached 588,793,166 tokens, bringing circulating supply down to 92,456,834 — below the under-100-million target set by the 2021 vote. MEXC frames this as a milestone in the tokenomics framework rather than the end point of the burn programme.

The live tokenomics page, checked for this profile, shows a higher cumulative burn figure of 590,975,166, which is consistent with burns continuing to occur after the December 28, 2025 announcement was published. The gap between the two figures — roughly 2.2 million tokens — reflects burns executed in the period between the announcement date and the date this page was verified.^{[7], [8]}

Reading the two supply figures together

Because MEXC publishes both a dated announcement figure and a continuously updated tokenomics page, the two numbers will diverge over time as more MX is burned. Readers comparing MX's circulating supply against other exchange tokens should use the live tokenomics page for the current figure and treat announcement figures as a dated snapshot of progress, not a static fact.

Taken together, the two sources show a consistent direction: circulating supply has moved from a 1 billion maximum in 2018 toward under 100 million within roughly four years of the burn programme's approval, with burns still being recorded as this profile was written.^{[7], [8]}

Governance, burn schedule and future supply

MEXC's pages reviewed for this profile do not specify the ongoing cadence or funding source of future MX burns, nor do they describe a formal on-chain or off-chain governance process by which MX holders vote on tokenomics changes going forward. UNKNOWN from official sources: the mechanics of how burn amounts are calculated per period, and what governance rights, if any, MX holders have over future changes to the programme.

UNKNOWN from official sources: a public roadmap for MX beyond continuing the burn programme, including whether MEXC has set a final circulating-supply target below the 100 million threshold already reached.^{[4], [5]}

What this means when you hold or move MX

MX is an Ethereum-native token, so confirm you are sending or receiving it on the correct network before transacting, since sending to a mismatched network can result in permanent loss of funds.

The circulating supply figure changes as MEXC continues its burn programme; check the live tokenomics page for the current number rather than relying on a figure from a past announcement.

MX's fee-discount, Launchpool, Kickstarter and affiliate-tier benefits are utility features of using the MEXC exchange itself, and eligibility and terms for each should be checked on MEXC's current pages before relying on them.

Keep your transaction ID until a transfer is confirmed, and verify any third-party information about MX's supply or burns against MEXC's own tokenomics and announcement pages, since the two can show different figures depending on when each was last updated.

Sources and evidence (8)

[1] MEXC's MX page describes MX as the exchange's native token and summarises its benefits for holders. MEXC — Official · verified 2026-10-01 Confirmed
[2] MX launched on Ethereum in 2018 with an initial and maximum supply of 1 billion tokens. MEXC — Official · 2018 · verified 2026-10-01 Confirmed
[3] MX's maximum supply is fixed at 1 billion tokens, matching its initial supply. MEXC — Official · verified 2026-10-01 Confirmed
[4] MEXC's community approved a buyback-and-burn programme in 2021 targeting circulating supply under 100 million MX. MEXC — Official · 2021 · verified 2026-10-01 Confirmed
[5] MEXC redirected a 450 million-token team allocation to user benefits and suspended future team token releases. MEXC — Official · verified 2026-10-01 Confirmed
[6] MX Token 2.0 offers up to a 20% trading fee discount, Launchpool/Kickstarter access, and affiliate tiers up to 70%. MEXC — Official · verified 2026-10-01 Confirmed
[7] MEXC's December 28, 2025 announcement reports 588,793,166 MX burned cumulatively and circulating supply of 92,456,834. MEXC — Official · 2025-12-28 · verified 2026-10-01 Confirmed
[8] MEXC's live tokenomics page shows cumulative MX burned at 590,975,166. MEXC — Official · verified 2026-10-01 Confirmed

Profile last reviewed 2026-10-01. Historical background only — not investment advice.

Fees and pricing

Zero added fees: SwapRocket does not add a platform fee, a minimum or a withdrawal charge — the rate you see is the rate you get. Blockchain network fees are shown in full before you confirm, and the final amount you receive is quoted up front.

SwapRocket does not add a separate fee or markup to the provider quote. SwapRocket may earn a commission from the liquidity provider when a completed swap is referred through our platform. Provider spreads and applicable network costs are reflected in the quoted amount.

Network fees are set by the blockchain, not by SwapRocket. No account, no subscription and no withdrawal charge. Live support is available 24/7.

MX swap FAQ

How do I swap MX Token (MX) instantly on SwapRocket?

Pick MX as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. SwapRocket hands your order to the provider whose quote pays out the most at that moment, and most swaps complete in under 10 minutes — no SwapRocket account needed.

Can I swap MX with no KYC?

No SwapRocket account or identity documents are needed to start a crypto-to-crypto swap of MX. The provider that executes the swap may still request identity verification or hold a swap for review under its own AML and sanctions policy, regardless of amount. Selling to a bank account goes through a regulated payment partner that verifies the payer; card purchases on SwapRocket are coming soon.

Is swapping MX Token on SwapRocket non-custodial?

Yes. SwapRocket never holds your funds. The provider that executes the swap receives your deposit, holds it only for the duration of the swap, and sends MX to the wallet address you provide.

Which network does MX use here?

SwapRocket supports MX Token on the ERC20 network. Always double-check that your receiving wallet supports this network before confirming.

What fees apply when I swap MX?

SwapRocket adds no fee or markup to the provider's quote and may earn a commission from the provider on a completed swap. The provider's spread and any network cost it deducts on delivery are already reflected in the MX amount shown; the network fee your own wallet charges to send the deposit is separate. Spreads vary by provider, pair and size, so compare the quoted receive amount.

More on fees, limits, KYC and timing: read the full crypto swap FAQ.