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MX Zone January Events Report

2024.02.23 MEXC

In the past month, the prices of Bitcoin and Ethereum have risen continuously, leading to a rebound in the overall cryptocurrency market. The price of MX has, amidst fluctuations, broken through $3.1. In addition, the MEXC team has announced the amount of MX repurchased and burned in Q4 of 2023, maintaining the circulating supply of MX tokens at 100 million. For more detailed information, you can read this announcement.

Holding MX tokens not only lets you profit from its price increases but also grants access to exclusive monthly events, allowing users to participate in free airdrop rewards. Find out more about the benefits of holding MX in the article, "The Top 3 Benefits for MX Holders."

1.  MX Zone January Events Report

In January 2024, the MEXC platform conducted a total of 201 airdrop events, including 2 Launchpad events and 199 Kickstarter events. Rewards worth over $12.9 million were distributed through these events, achieving an APY as high as 98%.

According to data statistics from the MEXC platform, among all 201 airdrop rewards, the top three tokens saw price increases of over 300%, with the highest increase seen in the DGI token at 386.8%. Among the top 10 tokens in terms of price increase, all tokens had price increases of over 100%, with the top five tokens experiencing increases of over 300%.

January 2024 Top 10 Outstanding Tokens

Project Name
Airdrop Time
(MX Commitment Time)
Price Increase %
(as of 1/31)

2.  How to Participate in Airdrop Events

Launchpad and Kickstarter are exclusive free airdrop events for MX Holders. If you are an MX Holder, you need to hold 1,000 MX tokens or more for 30 consecutive days or more to be eligible to participate in Kickstarter and Launchpad events.

On the MEXC official website, at the top of the homepage, select [Spot] from the navigation bar, and you will find portals to access Launchpad and Kickstarter events.

3.  Buying MX

If you are not yet an MX holder and wish to participate in Launchpad and Kickstarter events, you need to purchase MX tokens on the MEXC platform and hold them for a specific period. Once you meet the conditions, you can begin participating in these events. For more information about buying MX tokens, you can refer to "Buy MX in One Minute" and follow the steps in the tutorial to purchase.

Holding MX tokens not only allows you to participate in airdrop events for free but also grants access to trading fee discounts. After enabling the MX Deduction feature, when conducting spot trading, MX will be used first for fee payment, with a 20% discount. If your available MX is insufficient to cover the fees, the system automatically switches to the platform's default fee rate. If you hold a spot position of 1,000 MX or more for 15 consecutive days, you can enjoy a 100% discount on spot trading fees.

When you transfer MX to your futures account, you can use MX to pay for your USDT-M futures trading fees using the MX Deduction feature, with a 10% discount. If your MX is depleted, the feature is considered disabled. If you hold a spot position of 1,000 MX or more for 15 consecutive days, you can enjoy a 50% discount on futures trading fees.

The fee discount for holding MX in your spot account cannot be applied simultaneously with the fee discount for using the MX Deduction feature. The fee discount for holding MX in your spot account will take precedence. Hold MX to enjoy the lowest trading fees in the market. Visit the MEXC platform to purchase MX and enjoy numerous benefits and offers!

Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, consultation, or any other related services, nor does it constitute advice to purchase, sell, or hold any assets. MEXC Learn provides information for reference purposes only and does not constitute investment advice. Please ensure you fully understand the risks involved and exercise caution when investing. The platform is not responsible for users' investment decisions.

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