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Maximizing Investment Opportunities: Enhancing Trading Experience on MEXC with MX

by Busines Newswire
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As the core digital asset on the MEXC platform, MX can be used for paying trading fees, as well as participating in events for airdrop rewards and promotion incentives, providing users with rich use cases and convenient services. How can digital asset investors maximize investment opportunities using the MX token on MEXC? This article will address this question from three perspectives.

Paying Trading Fees

Using the MX token, the native token of the MEXC platform, to pay trading fees grants users a certain percentage of discount benefits (up to a 10% discount on futures trading fees). Therefore, users holding MX tokens can optimize their investment returns by conducting futures trades, saving costs on both opening and closing trades, and maximizing investment returns.

Reward Events

The MEXC platform regularly holds reward events for the MX token, such as airdrop events. Users holding MX tokens can participate in these events, earning additional MX token rewards and increasing their investment returns. Among these, Kickstarter, as a crucial component of the MX ecosystem, boasts an APY of over 120%.

After becoming eligible for the exclusive MX events, users can maintain a higher APY (121.04%) with the help of Kickstarter and Launchpad events.

Market Trading Events

The MX token is a form of digital asset that can be traded on the MEXC platform, currently reaching a peak price as high as 3.6170. Last year, investors could generate returns from the value fluctuations by trading MX tokens, further stimulating trading activities on the MEXC platform. Now, spot investors can purchase MX tokens on major platforms such as Bybit, Bitget, HTX, and Uniswap. Additionally, due to the quarterly MX Burn event by the MEXC platform, the circulating supply of MX has remained stable at one billion in the market.

On March 12, 2023, the closing price of MX was only 1.7203 USDT/MX. This year, with Bitcoin halving and the listing of more spot digital asset ETFs, digital assets are gaining acceptance in the real economy. The influx of more funds is expected to further increase the MX price, which is currently at 3.22 USDT/MX, with a year-to-date increase of approximately 87% as of March 12, 2024.

How to Maximize Investment Opportunities

The optimal way to maximize investment on MEXC, the exchange with the best futures trading liquidity, is through engaging in futures trading. While MX Zone provides investors with many options for passive income (such as Kickstarter and Launchpad), one can only enjoy fixed yields by simply holding MX for token airdrops, whether in a bull or bear market, making it difficult to maximize returns.

Fortunately, MEXC provides more futures reward events for futures investors, such as the Futures Competition and M-Day events. Participation in these events offers the chance to receive futures bonuses, which can be used to offset fees and losses, and profits can be withdrawn after trading.

For example, if you hold 1,000 MX, you can participate in the airdrop reward events, Kickstarter and Launchpad. You can then convert the remaining assets to a small quantity of MX and deposit them into your futures account to enjoy a 10% discount on trading fees. Simultaneously, you can actively engage in futures trading to win futures bonus rewards (there is a chance to receive bonus rewards when your futures trading volume reaches a certain threshold). Seize the opportunity of a bull market by concurrently utilizing spot and futures trading to maximize returns.

Conclusion

By fully leveraging the advantages of the MX token, investors can reduce costs during the trading process, gain capital profits, and simultaneously participate in futures trading to achieve a better trading experience and greater investment returns.