MX
MX#202 by market capNot covered. The criterion it missed: no roadmap or documentation page linked from the homepage.
MX is for an exchange's own token. We have not written its record yet, so its promises are not checked. It trades at $1.75, #200 of all coins by size, 70% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #12 of 36 exchange tokens. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: an exchange's own token
- ✓Real backingBacking: trades on Bybit
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $160.71M, 58 times smaller than WhiteBIT Coin, the biggest coin within reach doing the same thing (Centralized Exchange (CEX) Token)
No named backer
- Origin24 November 2019about about 6 yearsFrom SG (CoinGecko)mexc.com
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorListed on Bybit
- Standing on the recordNo recordNo dated promise to judge yet1 headline last month20,558 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Centralized Exchange (CEX) Token ($28.42M). To match the leader, WhiteBIT Coin ($9.37B), its price would need to rise 5729%, to about $102.00.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges (Bybit)
- No named investor among its tags
- Only 1 headline named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
An exchange's own token
136 coins tagged Exchange-based Tokens, worth $155.78B together. #26 of 136 by worth.
Centralized Exchange (CEX) Token: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
MX$160.71Mthis coin−0.3%no maxno record
WhiteBIT Coin$9.37B58.3× bigger, +$9.21B−1.5%, gap −1.229% outno record
LEO Token$8.25B51.3× bigger, +$8.09B+0.0%, gap +0.3no maxno record
Cronos$2.78B17.3× bigger, +$2.62B−1.5%, gap −1.249% out1 of 4 delivered
OKB$2.36B14.7× bigger, +$2.2B−1.6%, gap −1.2100% outno record
HTX DAO$1.52B9.5× bigger, +$1.36B−0.2%, gap +0.190% outno record
Bitget Token$1.35B8.4× bigger, +$1.19B−0.4%, gap −0.135% outno record
Gate$988.22M6.1× bigger, +$827.51M+0.7%, gap +1.075% out0 of 1 delivered
Centralized Exchange (CEX) Token: this coin next to WhiteBIT Coin, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- MX says
- MX is the proof of rights and interests of MXC trading platform itself.
- WhiteBIT Coin says
- WhiteBIT Coin is the native utility token of the WhiteBIT cryptocurrency exchange and the primary asset of the Whitechain blockchain.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
MX is the proof of rights and interests of MXC trading platform itself. Its total circulation is 3 billion constantly and never be added.
Problem it says it solves: an exchange's own token. 136 coins are working on it and together they are worth $155,781,582,331. This coin is 0% of that.
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Centralized Exchange (CEX) Token: this coin next to the group's largest, WhiteBIT Coin.
| MX | WhiteBIT Coin | |
|---|---|---|
| Years trading | 7 years | 4 years |
| Major exchanges | 1 | 1 |
| Named backers | 0 | 0 |
| Headlines, last month | 1 | 7 |
| Promises delivered | no record | no record |
What it says is different: MX is the proof of rights and interests of MXC trading platform itself. Its total circulation is 3 billion constantly and never be added.
It is 1.7% the size of WhiteBIT Coin. On the facts above it is behind on headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $5.85 on 9 April 2024. Today is 30% of that.
22%
of all MX that will ever exist is already out in public hands: 91.84M coins.
78% (317.19M coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Perks on its own exchange
Fee discounts and access on the exchange that issued it. Its demand follows that exchange.
- Fee discounts and access on the exchange that issued it
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 91.84Min circulation of 409.02M total. No hard maximum is set, so more can be created.
- 4.5×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $5.85 on 9 April 2024. That is −70.1% from the top.
- #200by market cap, $160,709,589.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $5.31B is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
1 headline named this coin in the last month.
What they were about
- Price1
Headlines are the publishers' own. News is never placed next to price.
The record itself
Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy