As BTC continues to trade sideways at high levels, the bull market momentum is unstoppable, and platform tokens are once again drawing attention.
This article analyzes and compares the platform tokens of several leading platforms, focusing on three dimensions: platform token earnings, buyback and burn, and fee discounts for investors' reference.
I. Platform token earnings: MX annual increase 101%, 2024 airdrop APY 107%
The earnings from platform tokens consist of two major parts: active earnings, which refer to the token's own price increase, and passive earnings, which include dividends, new token offerings, airdrops, and other benefits. According to CoinMarketCap data, the performance of the top ten platform tokens by market capitalization over the past year is as follows:
Data shows that MEXC's platform token MX has increased by 101% over the past year, surpassing even BNB, while OKX's platform token OKB has seen an annual increase of less than 5%.
Additionally, comparing other second-tier exchanges, Bitget's passive earnings (from new token offerings and airdrops) fall far short of MEXC's. MX's passive earnings are significantly higher. According to statistics, since last July, MEXC has been airdropping tokens to MX holders every month, with an average of over 150 token airdrops each month. Over six months, a total of 927 project tokens were airdropped, resulting in an APY of up to 76%. As shown below:
In 2024, MEXC further increased its airdrop intensity, with an average of nearly 250 tokens airdropped per month from January to April. The APY reached 107%, far surpassing BGB holders.
According to the MEXC official website, airdrop participation is a simple process. Users need only hold MX to receive all new token airdrops for free. Compared to other platform tokens, MEXC's airdrops have a significantly lower entry barrier, allowing more MX holders to enjoy higher returns.
In fact, MX's token price is severely underestimated during the bull market. After users receive token airdrops by holding MX, if they convert these earnings into MX tokens, they can easily achieve a compounding effect, thus achieving tremendous profit potential.
II. Trading fee discounts: MX offers the biggest savings
Using platform tokens to offset trading fees is a common promotional strategy on cryptocurrency trading platforms. Each platform has its own discounts, as summarized below:
Statistics show that spot trading fees across various platforms are around 0.1%. However, Coinbase Pro and Kraken have relatively high fees, and neither issue platform tokens nor support platform token discounts.
Among these, MEXC stands out prominently. Users who hold over 1,000 MX tokens (approximately $4000) for 15 consecutive days can enjoy zero trading fees, truly benefiting users. In addition to holding tokens, users can also enjoy airdrop benefits and potential token price increases, maximizing their profits.
III. MEXC allocates 40% of profits for buyback and burn
One of the most crucial scenarios for platform tokens is to achieve a deflationary model through buyback and burn mechanisms, with various platforms implementing corresponding measures. Although all platforms promise regular token burns, the intensity varies.
MEXC has the highest buyback intensity among all platforms, with a commitment to allocate 40% of platform profits to burn MX tokens, aiming to maintain the circulating supply of MX tokens at 100 million. Data shows that MEXC burns approximately 2 million tokens per quarter on average, with 23,506,155 MX tokens burned in total, valued at approximately $100 million.
Conclusion
In the bull market's complex investment landscape, cryptocurrency users may consider positioning themselves in platform tokens that have stable value support, excellent performance, and from up-and-coming platforms that can generate various expected returns. MX is an important alternative in this regard, as it can effectively mitigate investment risks and achieve better investment returns.