Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,760,683,042 | Market Cap: $2,606,034,436,761
MX Token
MX
$3.91
Sector
CEX
Exchange Debut
2019-09-25
Market Cap
381,908,685
Maxim Supply
1,000,000,000
Circulating Supply
97,699,334
Circ. Supply(%)
9.77%
MX Token
MX
Price
$3.91
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
22140824
3.976822281874
3.86160824726
Change 24h
Change 7d
Change 30d
-1.472
-1.8442
-1.7961
Maxim supply
Circulating supply
Circulating supply(%)
1,000,000,000
97,699,334
9.77%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the MX Token cryptocurrency:
MX TOKEN (MX), the native token of the MEXC platform, serves as an exemplar of a decentralized digital asset, particularly noted for its safety, stability, and high performance. This token was developed on the Ethereum blockchain and boasts an array of core features, making it an appealing entity for users and builders alike. From 1.4 million transactions per second to the support of multi cryptocurrencies, the robustness of MX is undeniable. After a thorough fundamental analysis of the MX TOKEN cryptocurrency, the token scored an overall 6.72 out of 10. This score paints a balanced picture of a project with strong social media presence, product utility, and valuable partners, offset by areas that need improvement such as audit, security, and the project’s team structure.
SOCIAL & MASS MEDIA: Score 7.9 out of 10
MX TOKEN stands tall in the domain of social media, with perfect scores in the capability of attracting followers, admin activity, community engagement, and the size of chat groups. However, its score suffered due to its minimal media presence. This aspect may need to be considered for the token’s broad-scale visibility.
AUDIT & SECURITY: Score 4.58 out of 10
While MX TOKEN scores relatively well in terms of transparency and liquidity on exchanges, it falls short in the audit results, which suggests some weaknesses in its security framework. Improvement in this area is critical to the fundamental analysis of the MX TOKEN cryptocurrency.
TOKENOMICS: Score 4.8 out of 10
With regard to token economy, MX TOKEN has room for improvement. The project’s inflationary nature and centralized monetary mass led to lower scores, suggesting that a more balanced, decentralized economic model might contribute to a stronger rating.
ECOSYSTEM DEVELOPMENT: Score 7.2 out of 10
The token does well in terms of achieving objectives and bringing new developments to the project. This shows the potential of the MX TOKEN for future growth and evolution, boosting its prospects in the cryptocurrency market.
TEAM & DEVELOPERS: Score 1.8 out of 10
One of the critical areas where MX TOKEN falls short is in its team structure. A low score in terms of team experience and the number of software developers indicates a need for enhancing human resources and expertise. Strengthening this facet is vital to the fundamental analysis of the MX TOKEN cryptocurrency.
PRODUCT & UTILITY: Score 9.2 out of 10.
MX TOKEN shines brightly in the product and utility department. Its high scores reflect the inherent value of the product and the token’s utility within the ecosystem. This serves as a strong selling point for potential users and investors.
PARTNERS & INVESTORS: Score 9 out of 10
With high-quality partners and capable investors, MX TOKEN garners a high score in this area. The quality and quantity of investors and partners reveal the potential and credibility of the project, which can boost confidence among potential investors.
Fundamental analysis of the MX Token cryptocurrency – The final conclusion
After a comprehensive fundamental analysis of the cryptocurrency MX TOKEN, the project shows potential but also reveals areas that require enhancement. Its impressive performance in social media presence, product utility, and partnerships contrasts with the need for improvement in team structure, audit results, and tokenomics. The opportunity for investment lies in the project’s potential to address these areas of improvement, which can significantly bolster its position in the crypto market. However, investors should proceed with caution due to the lower scores in audit and security, indicating potential risks. Ultimately, the future of MX TOKEN will largely depend on its ability to balance these elements, develop its team, and enhance its audit and security protocols, thereby increasing its overall score and investment.
In conclusion, while MX TOKEN has a strong footing in certain aspects, it needs to address its weaknesses to become a stronger player in the crypto industry. The fundamental analysis of the MX TOKEN cryptocurrency reveals potential growth areas that, if addressed, could significantly increase its value for users and investors alike. However, considering the dynamic nature of the crypto market, it is important for potential investors to remain abreast of updates and developments.
The longevity and success of the MX TOKEN will largely depend on the team’s ability to capitalize on its strengths, address its weaknesses, and continue to innovate and adapt in the rapidly evolving crypto landscape. Despite the highlighted areas for improvement, the overall score indicates that MX TOKEN remains a considerable entity in the crypto space, worthy of further exploration and evaluation by potential investors.
Understanding MX TOKEN and Its Core Features
MX TOKEN (MX), a decentralized digital asset, is developed by MEXC on the Ethereum blockchain. Acting as MEXC’s native token, MX aims to provide a secure and stable trading experience and has gradually become a symbol of MEXC community’s rights, allowing holders to participate in business decisions, team elections, and more. The fundamental analysis of the MX TOKEN cryptocurrency revolves around its high-performance trading engine that enables 1.4 million transactions per second, promising stability and superior performance.
MX Tokenomics and Utilization
The MX token’s economy relies heavily on MEXC’s profits, with 100% of the gains from spot trading and ETFs being burned through MX. The token can be used to pay for trading fees, participate in project listing voting, and earn airdrop bonuses, among other uses. An exciting initiative, the „Everything Growth Plan,” aims to broaden the token’s utility, introducing features like on-chain lending, liquidity mining, and DEX trading.
MX Reserve Distribution Overview
In terms of token distribution, the initial design committed 450 million MX to the MEXC team. However, these tokens were locked and never distributed to the team. The reserves are primarily divided among the MEXC Foundation, MEXC Labs, and MEXC Strategic Partnership, with each holding significant portions of MX tokens. A large number of MX tokens are also marked for immediate burn to control the token’s supply.
By focusing on safety, stability, and high performance, the MX TOKEN cryptocurrency is designed to provide a secure platform for crypto traders, and its progressive tokenomics highlight its potential in the ever-evolving crypto market.
Where Can You Buy MX Token – MX?
MX can be purchased on cryptocurrency exchanges such as MEXC and Huobi.
All you need to do is create a free account on any of these exchanges and start trading.
- Latest analysis update: June 17, 2023
MX Token - MX performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
