MEXC Unlocks New Benefits for MX Holders as Price Climbs Nearly 50% Within a Month
Seychelles, December 12, 2024 – Global leading cryptocurrency platform MEXC announced new benefits for MEXC Token (MX) holders as the token recorded a nearly 50% gain over the past month. This growth comes amidst MEXC’s launch of multiple new campaigns and continuous listings of trending tokens. In November 2024, MEXC conducted 103 Kickstarter events, distributing free new token airdrops with an annualized return of up to 56%. On November 5, MX hit its 2024 low of $2.62 before rebounding to $3.97 by December 9, 2024, at 13:00 (UTC). This strong recovery has positioned MX as a key focus in the platform token market.
Enhanced Benefits for MX Holders
- Upgraded New Token Airdrops
Beginning December 1, MEXC lowered the threshold for its “Kickstarter” airdrop campaign. Users holding at least 500 MX for 24 hours can participate in monthly new token airdrops. Rewards can be increased by holding more MX or inviting friends, with referral commissions of up to 70% for qualified agents.
Over the past 12 months, MEXC conducted 2,308 Kickstarter events, with a total distribution of approximately USD 137 million, representing an average of 192 airdrops and USD 11.42 million per month. Based on holding 1,000 MX and the November 30 closing price, the cumulative annualized return reached up to 71%.
- 50% Trading Fee Discounts
Holding MX offers significant reductions in trading fees.
- 50% Fee Discount: Users holding 500 MX for 24 hours now qualify for a 50% discount on spot and futures trading fees, down from the previous 1,000 MX requirement.
20% Fee Deduction Option: Users with less than 500 MX can still benefit from an 20% fee deduction using MX holdings.
- Note: To access the 50% fee discount, users must hold 500 MX in their spot account for spot trading or in their futures account for futures trading.
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Up to 70% Commission Rebates
- By becoming a MEXC agent and meeting certain criteria, users can access a 70% commission rebate on spot and futures trades. This incentive not only enhances potential earnings for MX holders but also supports MEXC’s community growth and market outreach.
Conditions to achieve a 70% rebate include(fulfilling either criterion):
- Becoming a MEXC agent, inviting five new users who complete their first trades, and holding at least 2,000 MX;
- Becoming a MEXC agent and holding at least 20,000 MX.
Inviting new users also increases the “kickstarters” airdrop multiplier, providing additional avenues for rewards.
More details:
- New Launchpool Model Coming Soon
Users will soon be able to stake MX to participate in token airdrops through a revamped Launchpool model. The new model features no minimum staking requirement, an expanded reward pool, and a selection of higher-quality tokens, offering MX holders greater earning potential.
As MEXC continues to expand its offerings—including additional MX-related activities, new functionalities, VIP tiers, and innovative platform use cases—MX’s growth potential remains significant.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No DFHS Newspaper journalist was involved in the writing and production of this article.
