MX (MX)
Unlock Schedule
MX (MX) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the MX (MX) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence MX price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and burn model
MX launched with an initial supply of 1 billion tokens. In 2021, MEXC executed a large burn and, following the MX 2.0 vote, adopted a standing rule to use 40% of quarterly profits for market buybacks and burns. As burns accumulate, the total outstanding supply continues to decrease over time, and MEXC posts running totals and transaction links when each quarter’s burn is completed. (mexc.com)
The MX 2.0 proposal also reshaped the reserve structure: rather than unlocking a traditional “team allocation,” MX designated reserves for the MEXC Foundation (with vesting), MEXC Labs (the investment arm), and strategic partners, while immediately burning a portion as part of the community-approved plan. This redirected more value toward ecosystem development and community programs. (mexc.com)
What MX lets you do
- Reduce trading costs: MX can be used to lower trading fees on MEXC through MX Deduction and holder programs. (blog.mexc.com)
- Access allocations: MX balances determine eligibility and caps for Launchpad token sales and Launchpool airdrop events. (blog.mexc.com)
- Vote and participate: MX is the voting token for many MEXC Kickstarter listing campaigns, with airdrops distributed to voters after the event closes. (blog.mexc.com)
- Stake for rewards: MX can be staked in MX DeFi events to earn yields in newly listed or partner project tokens, typically over short event windows. (blog.mexc.com)
Together, these roles give MX both “everyday” utility (fees and staking) and “event-based” utility (allocations and airdrops), helping align platform growth with token demand. (blog.mexc.com)
Assumptions
- Total supply as of 2025-09-30 is 411,206,834 MX.
Calculated as 1,000,000,000 initial max supply minus cumulative burns reported by MEXC through Q3 2025 (Q1–Q3 2024 cumulative totals plus Q4 2024, Q1 2025, Q2 2025, and Q3 2025 burn announcements).
- Genesis date set to 2018-06-30.
Official materials state launch in 2018; precise day not specified. Used an industry tracker’s launch date as proxy and marked lower confidence.
- Foundation Reserve vesting modeled as equal quarterly releases.
Official docs specify an 8-year vesting with quarterly releases; the exact per-quarter amounts are not itemized, so equal installments are assumed. From Q2 2023, modeled the official halving of quarterly release amounts and extended the schedule accordingly. Locked-balance disclosures in 2024 align with this assumption.
- Excluded MEXC Labs (150M MX) and Strategic Partnership (100M MX) from release modeling.
These allocations exist but have no published vesting/unlock schedule and remained fully locked in official updates; no confirmed MX emissions from these pools to date.
- Buyback-and-burn affects circulating and total supply but is not a release mechanism.
Per MX Token 2.0, 40% of platform profits are used each quarter to buy back and burn MX to target ≤100M circulating; this reduces supply and does not add tokens to circulation.
- 1. https://www.mexc.com/announcements/article/mx-token-2-0-4411125181977
- 2. https://www.mexc.com/announcements/article/mexc-releases-the-result-of-mx-community-voting-on-mx-token-2-0-proposals-4411278979481
- 3. https://blog.mexc.com/q1-2024-mx-token-buy-back-and-burn-is-done-creator-wilbur/
- 4. https://blog.mexc.com/q2-2024-mx-burn-is-done-hold-mx-token-now-creator-wilbur/
- 5. https://blog.mexc.com/q3-2024-mx-burn-is-complete-a-new-milestone/
- 6. https://www.mexc.com/it-IT/announcements/article/updates-on-q4-2024-mx-token-buyback-and-burn-17827791521171
- 7. https://www.mexc.com/support/articles/17827791523339
- 8. https://www.mexc.com/support/articles/17827791526020
- 9. https://www.mexc.com/support/sections/15425930840787
- 10. https://blog.mexc.com/reviewing-mx-token-we-came-a-long-way-creator-wilbur/
Allocations
Description
#203
MX is the native token of the MEXC platform. 40% of the profits on MEXC will be used to burn MX. Currently, MX tokens are used in various scenarios such as Launchpad, Kickstarter new token listing voting, and trading fee deduction.
| Sector: | CEX |
| Blockchain: | Other L1 |