How much money can one earn on MEXC in a month with 1000 MX?
“We hope that other exchanges can grow a little stronger so that they can share the pressure of users with us.” As the newcomer, as one of the richest Chinese people, Zhao Chang Peng solemnly hopes that Binance can grow at a more moderate rate. Zhao Chang Peng ‘s statement was widely circulated and ridiculed by token community users. In the face of the absolute strength of Binance, other exchanges could not help but laugh at themselves.
With less than 2% of the world’s total population uses cryptocurrency, cryptocurrency has a huge future ahead of them. The exchange has the strongest monetization impact in the token community. The token exchange platform has naturally become the target of capitalization for the token community. Looking back on the development of several popular token exchange platforms such as Binance, MEXC and FTX, the market cap of BNB is now as high as $641 billion, coming second to BTC and ETH.
MEXC is a user demand-driven platform that quickly selects high-quality projects according to users’ trading needs and feedback. For example, grand public chain ecosystem projects such as Ethereum, Polkadot and Solana, as well as conceptual projects such as DeFi, NFT, Layer2, metaverse, GameFi and DAO, can always be found on MEXC first. MEXC has a particularly brilliant performance in the spot market. Based on its distinctive MEXC speed and MEXC service, it is called “The Next Binance” by users. At present, it is cooperating with Bybit to lay out globalization. The popularity and structure of MEXC are worth more than its market value. The use cases of its platform token MX are becoming richer. As MX’s value gains firm support, it can make better progress to become a leader among exchanges.
In November 2021, there were users that used 1000 MX to participate in all events on MEXC Global and tested the benefits of “earning interest with MX”, especially for users who intend to keep MX for a long time.
At present, there are four main ways to hold MX interest in MEXC Global: Launchpad, Kickstarter, M-day and MX-DeFi.
- Participate in Launchpad
The official website of MEXC Global introduces Launchpad in this way: MEXC Launchpad provides global users of the platform with the opportunity to access the first project at low cost, and MX holders can easily participate in the activity. MEXC Launchpad offers exclusive benefits for MX holders.
To put it simply, Launchpad is MEXC Global’s new platform. Users can use MX to play new games. Three Launchpad projects were launched in November. Taking the latest Launchpad project Dtravel (TRVL) as an example, users divided the total subscription amount of 4 million TRVL in proportion to the staked MX. Users purchased TRVL at 0.09u, which reach an opening price of up to 1.56u, and the yield was as high as 1633%.
It is understood that for this Launchpad project, through the staking of 1000 MX, users can obtain 73.88 TRVL, with a revenue of 115u. According to the calculation of three Launchpads in November, the monthly revenue is about 345u. MEXC’s market on November 1 shows that the unit price of MX is about 1.74u/token, the cost of 1000 MX is about 1740u, and the monthly yield of launchpad is as high as 19.82%. As of November 30, the single unit price of MX was about 3.1u. By holding 1000 MX in November, the total income reached as high as 97.99%.
The official website of MEXC Global introduces Kickstarter in this way: Kickstarter is an event in which the project party initiates voting for project listing during the pre-launch stage of the project. The project token airdrops are also free of charge for all voting users. If the voting fails to meet the set goal, MEXC Global will cancel the listing project token and unlock the voting token. This activity aims to attract more high-quality projects online and bring more free airdrop benefits to platform users.
For users who only want to reap the benefits and don’t want to participate in playing new games, Kickstarter is more appropriate. Kickstarter actively participates in each issue. If you stake MX before the voting stage, you can get the token airdrop of the project free of charge.
According to incomplete statistics, MEXC launched 78 Kickstarter projects in November. According to the calculation of 1000 MX participation in each project, the expected total income is about 338.73u. Excluding the clashing of the participation time of some projects, the expected total income of Kickstarter in each phase is about 130u.
The MEXC market on November 1 showed that the unit price of MX was about 1.74u/piece, the cost of 1000 MX was about 1740u, and the Kickstarter was as high as 7.47%. As of November 30, the unit price of MX was about 3.1u. By holding 1000 MX in November, the total income was as high as 85.63%.
MX-DeFi is also knows as the user’s conventional single token staking. BTC, ETH and MX are staked for mining. At present, about 762.2% of APY is staked in MX pool, and APY changes in real time with the staked MX. No specific calculation is made here.
M-Day is MEXC Global’s unique event. It is also a new event like Launchpad, but M-day is in the form of drawing lots. The corresponding number of tickets can be obtained based on the user’s MX holding,. The lot winning user does not need to subscribe and can obtain the corresponding project token for free.
In November, if the 1000 MX are held and only used to participate in Launchpad events, the expected return is 345u (according to the staking period of about 6 days for each Launchpad, there will be a window period of about 12 days), and the expected rate of return is 19.82%. Considering the growth of MX, the total rate of return is 97.99%; If you only participate in the Kickstarter event, the expected return is 130u, and the expected return is 7.47%. Considering the growth of MX, the total return is 85.63%.
To maximize your monthly income, you can choose to participate in the Kickstarter after participating in the window period of Launchpad. The expected income is 397u while the expected rate of return is 22.82%, and if including the growth of MX, the total rate of return is 100.1%,
The contents sharing above does not constitute any investment proposals, and the source of the statistics is estimated based on a user holding 1000 MX in November.