What is MCX Token?

With the launch of Machi X, the Machi X token (MCX) will be created.

MCX is a platform utility token that will be used as the primary currency pair for intellectual properties listed on Machi X.

In addition, MCX tokens can be used for trading fee discounts and rebates, community voting, access to VIP services and more. MCX tokens will be based on the ERC20 token standard.

One of the key differentiators of Machi X lies in its token (MCX) — Machi X is focused on supporting its community of makers, takers, holders, voters and stakers: Machi X will, in its initial launch phase, use up to 75% of trading fees collected to support the MCX token and its community.

The distribution amount is subject to changes based on market conditions but one thing will remain true throughout Machi X’s course of operations.

Machi X is a social marketplace created by creators of intellectual properties, for creators of intellectual properties.

Our team understands the difficulties of intellectual property owners.

Machi X will back 100% of projects on the social marketplace, by using MCX into each of them, through the funds set aside from trading fees, in addition to supporting the community using these funds.