MX
MX
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
MX (MX) Overall Analysis
Strengths
- Steady development velocity with transparent on-chain governance processes.
- Robust, grassroots community support across multiple channels.
- Clear cross-chain utility for fees, staking, and decentralized voting.
Weaknesses
- Opaque token supply, vesting schedules, and inflation parameters.
- No public third-party security audits; heightened smart-contract risk.
- Centralized development contributions and governance upgrade privileges.
Conclusion MX exhibits solid fundamentals and active engagement but suffers from transparency and security gaps. A cautious, speculative approach is advised.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About MX (MX)
MX (MX)
Symbol: MX
Token Type: ERC-20 utility & governance token
Overview
MX is the native token of the MX Protocol, a decentralized platform designed for cross-chain asset management, community governance, and staking rewards. It powers transaction settlements and protocol upgrades, enabling a transparent and permissionless ecosystem.
Key Features
- Utility: Used for fee payment, staking, and access to in-platform services.
- Governance: MX holders can propose and vote on protocol changes, parameter updates, and ecosystem funding.
- Staking & Rewards: Token holders stake MX to secure the network and earn yield incentives.
- Interoperability: Facilitates cross-chain transfers and liquidity provisioning across multiple blockchain networks.
Use Cases
- Protocol Governance — Submit and vote on improvement proposals.
- Network Security — Stake MX to validate transactions and secure the protocol.
- Fee Settlement — Pay network and service fees in MX across the MX ecosystem.
Technical Details
- Blockchain: Ethereum
- Decimals: 18
- Contract Address: Available on official documentation and trusted explorers
Availability & Resources
- MX is listed on leading centralized and decentralized exchanges.
- For the latest updates, contract address, and technical docs, visit the official MX Protocol website or consult community channels.
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