In 2021, the MX community approved a buyback-and-burn deflation mechanism through governance voting, establishing a target to maintain the circulating supply of MX below 100 million tokens.
MEXC is currently executing the Q4 2025 MX burn, with the burn address and exact amount to be disclosed on January 15, 2026. The current status of MX supply is as follows:
• Total MX burned: 588,793,166 MX
• Current circulating supply: 92,456,834 MX
With this milestone, MX has successfully completed the first phase of its deflationary roadmap. Moving forward, MX will transition from a phase primarily focused on reducing supply to one that places greater emphasis on ecosystem development and long-term utility.
Maintaining the 100 Million Supply Cap
With the supply target achieved, MEXC will make periodic, market-responsive adjustments to the burn schedule as needed. Future burns will be conducted in accordance with market conditions to ensure that MX's circulating supply remains within the 100 million limit.
Strengthening MX Ecosystem and User Experience
After the deflation target is achieved, resources that were previously used for buybacks and burns will be increasingly allocated to ecosystem development and improvements to user experience. In line with the platform’s business growth, product optimization, and ecosystem expansion needs, we will explore more value-accrual approaches that are conducive to MX’s long-term development, in order to enhance MX’s practical utility and intrinsic value.
As the core platform token of the MEXC ecosystem, MX plays an important role in platform participation and ecosystem incentives. Holding MX provides access to benefits such as trading fee discounts, exclusive events, and ecosystem rewards. The long-term value of MX is closely tied to the growth of the MEXC ecosystem, its business development, and its expanding user base.
With the successful completion of the first phase of MX’s deflationary plan, MEXC will now focus on deepening ecosystem utility, ensuring MX's intrinsic value grows alongside the platform’s long-term development.
Thank you for your continued support as we advance the next stage of MX's evolution.
