MX · a managed float, trimmed by a quarterly burn.
MX is the exchange token of MEXC, an ERC-20 with no mint function — ~91.84M circulating against a ~409M on-chain total.
Sell pressure. No mint and no scheduled unlock in window — every sell row is zero. The ~317M in named reserves stayed put.
Buy pressure. A profit-funded quarterly burn — no round fired in the last 90 days; the next is due ~Jul 2026 (~2.5M MX).
Net. Flat over the last 90 days, then ~−2.7% next 90 days once the Q2 burn lands — quiet now, deflationary on the next event.
- Quarterly buyback-and-burn (Q2 2026)~2.5M MX~Jul 2026 · removed from market
No mint function. MX is a fixed-supply exchange token; nothing new is issued, and the model only removes supply through quarterly burns.
The non-circulating reserves carry no published vesting calendar; the exchange manages the float toward a ~100M target rather than on a fixed unlock schedule. No scheduled unlock in window — monitored.
Tracked team-controlled overhangs: Foundation Reserve (~100M), MEXC Labs (~150M) and Strategic Partnership (~100M) — together the ~317M non-circulating balance, no published release schedule. No public evidence of release in window — monitored.
No bankruptcy estate distributes MX.
Quarterly buyback-and-burn funded by 40% of platform profit; burned MX goes to an on-chain burn destination, verifiable on Ethereum. The last confirmed round destroyed ~2.581M MX on Oct 16 2025; no Q1 2026 burn was announced before this window closed, so no burn fired in the trailing 90 days. The next round (Q2 2026) is expected ~Jul 2026 — see Upcoming.
No continuous protocol-level fee burn; all destruction runs through the quarterly buyback-and-burn captured in row #1.
No separate accumulation programme beyond the quarterly buyback-and-burn.
No new long-term lockup programme announced.
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