MX

ersleid

It's the same as with other "shady exchange" tokens (Kucoin's KCS, Gateio's GT, CoinEx's CET). It gives you discounts in trading fees if you opt to use that, and qualifies you for some "airdrops" You have to lock a certain amount of MX tokens (around 1k, I think?) for like a month to qualify for a bunch of obscure shitcoin airdrops. It began pumping when a lot of airdrops started appearing in quick succession. But it's price action is bad near the end last year, when I didn't notice any airdrops happening. If you're willing to lock your funds to an exchange coin for a month, then best of luck to you.

holduntil2020

MX reminds me of early days binance, but with more coin listings (some good, some awful). the token they have gives you a cut of all new listings i think? wondering how that works but the coin keeps going up. nearly top 100 now.

relesabe

I think government support where people are encouraged by various methods as is happening in El Salvador is important. I do not know from whom people in MX buy electricity. If it is from the state, then government support would make a huge difference -- if you can pay every month in BTC a bill then if you have a small biz that takes BTC, you do not need to convert BTC into pesos.

bvandepol

MEXC is providing airdrops for holders of 1000MX (~3000 USDT) that have held for 30 consecutive days. Anybody got erperience with this?!

forgotmypassword4714

I like Coldcard best so far, though I just started looking at all the options the last couple days. Their code is open source and their MX4 is air-gap. There are other security features like being able to display a backup wallet instead of your true balance.

HansTilburg

For a moment I thought this was a Pumas (liga MX) logo

Dayotafiq

Yeah that's true but lots of potential altcoins have yielded great ROI of the years. In as much as I'm trading BTC and ETH, I'm also looking at many potential gems. I just added MX token to my watchlist. The token has been doing wonderfully well lately

Dayotafiq

That's through. That's actually the power of being a holder. I think it's high time to look into other potential altcoins. I've added MX token to my list and we might be seeing a new BNB

Perfect_Ability_1190

After numerous delays, SWIFT will begin migration of the payments system onto a new ISO 20022 standard from March 20th 2023. There have been some criticisms of SWIFT with concerns that the messaging does not show payment origins clearly enough which can lead to longer checks to combat money laundering and attempts to evade sanctions. Under ISO 20022, financial institutions will send messages through the new MX format which is more transparent and should enable more effective communication between banks. There will also be hopes that the overall structure will be more effective and will lower costs.

Yayasadeeq

Well, though I occasionally use Coinbase I prefer MEXC Global. Have you checked MX token? It has been one of the best performers during this bear market gaining more than 100% in price hikes. But make sure you DYOR always.

Scoop_DOGE

Bullish on MEXC. Think I'll buy $15 of MX token.

coinfeeds-bot

tldr; Huobi burned about $3.3 million of its native HT token in 2023, making up around 20% of its Q1 revenues. Rival exchange MEXC burned $4 million of MX token this quarter. Binance burned $674 million of BNB token as part of its quarterly Auto-Burn program. Meanwhile, Huobi advisor Justin Sun faces heat from US regulators. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Fiach_Dubh

pretty great start there. maybe learn about the configuration options and how you can modify them using the configuration file https://jlopp.github.io/bitcoin-core-config-generator/#config=eyJjb3JlIjp7ImRiY2FjaGUiOjcwMDAsImJsb2Nrc29ubHkiOjEsInJlaW5kZXgtY2hhaW5zdGF0ZSI6MX19 maybe even try turning assumevalid off

kome_enas

Yeah, I think so too. There is so much about Mintlayer but one thing is sure "opening new ways for the DeFi sector to integrate with Bitcoin". I have seen some exchanges having events for the project like Gateio and also MEXC where users on the CEX holding $MX get to share in a 433,058 $ML airdrop and it is also set to list the token today @ 10:00 UTC.

khilayi

MX is more or less a governance token used by those who stake on their launchpad to vote on what can be listed on the CEX. What's scammy in that? HODLers of the MX token are usually rewarded for partaking in the voting process. This is exactly what happens in DAOs right?

thom_orrow

Got any MX tokens?

thom_orrow

MEXC looks very scammy. They have all these competitions for holding their exchange token (it’s called MX). I can safely say, not feeling bullish on MX. 🗑️

mesutdmn

I sold at loss and bought MEXC token with that money, then MX did 3x and got my money back.

RPandorf

E see that XRP's economics, or tokenomics as some say, are the key to understanding the issue and seeing how a possible future will unfold. XRP is a centralized token and has "an owner", suable and some sort of stoppable. Suing BNB, MX, all of the centralized tokens in hope of stopping the growth of crypto is completely possible and I see as something that might happen - CZ has now a new lawsuit against Binance to work on, even though the allegations against him are a little different. What I see is that ETH and BTC are not "suable", once there is nobody taking care of the "on/off switch". The nature of their decentralization has this exact intention: once they go live, switching them off is not on the hands of a government or individual, even if a simple action like this was possible. Remember: XRP serves a master. The first fight from SEC here is stopping a very good competitor that has strength to take profits away from the fiduciary system. Seems to me that the objectives here, in order of importance: \- Stopping XRP alone, taking down a competitor from the system. Ripple showed that it could take the credit card system down for good, given the scalability. \- Drawing a line for crypto, trying to contain companies trying to "escape the system" in some sort of "playground" where they feel smothered or not able to expand their business without a government \- Keep the control of the environment and technology for the CDBC scenario, centralizing the power inherent to this kind of innovation. Imagine here being able to issue any currency from any country? ​ So here, I see that we should keep an eye on this whole process, but with the mindset that XRP is our "immolation" to an "old god" that is dying, but still, can take us down. My vision? If you can, try and make money out of XRP. But rooting for another centralized power to rule over us is stupid.

kamalcaptain

This is really interesting, LSD has huge potentials and there's an ongoing launchpad opportunity for users to earn the token freebies on MEXCGlobal, by holding some considerable amount of MX tokens during snapshot ahead of its listing. Also, through liquid staking, the LSD protocol can provide passive income and farming and yield profits to their users.

uthred03

I think my DYOR is really paying well for me. I'm not gonna let go of ARB in my MEXC's wallet with some MX rewards in the pipeline. I do hope in the nearest future ARB will distinguish itself clearly from others in terms of throughput as well as its subsidized fees.

benimag

ARB token was listed on top CEXes like Binance and MEXC, even though it seems like the token is bearish ATM, it will surely come around especially due to the fact that mexc is holding both future trading ARB event and ARB deposit package to give out 20k usdt and 5k MX token respective. The fact that it is designed and engineered to minimize the L1 gas footprint of the system, minimizing per transaction cost cannot be underrated.

benimag

You can use Arbitrum chains to do all things you do on ETH , use web3 apps, deploy smart contracts, etc but your favorite transactions will be cheaper and faster. I am hoping to to earn MX token by depositing my ARB on the aforementioned CEX, the token have been exceptionally bullish for the past week.

benimag

I have found mexc to be consistent in creating avenues for its user to maximize profit through their M-Day, Kickstarter, launchpad and other amazing packages. There is an ongoing launchpad event to earn LOFI by holding MX token. LOFI is a watch and earn social entertainment platform built with AI driven features for live streamers to provide more substantial rewards for their watch time.

benimag

LOFI is another way to earn crypto simply by watching, enjoying and contributing towards your life and the life of streamers. Streamers can also earn BUZZ token watching content on twitch. The token will be listed on MEXC after they round up their ongoing launchpad event to reward MX holders.

benimag

I came across LOFI, it reimagines what the live streaming ecosystem could be, by making live streams more productive and rewarding. The team is reinventing a healthier streaming ecosystem and bridging the lifestyle between web2 and web3. Mexc is holding a launchpad event to give out rewards simply by holding MX on their platform.

harkt3hshark

In the early days of BTC, i remember that i read a magazine (probably CHIP or C'T) which had an short article about egold in regards to bit-torrent and file sharing. I was pretty young and tried to figure out what this emoney was and found an platform like eBay, which did only use this internet money. I remember clearly that this was BTC and someone offered around 10k for an MX518 (btw. best mouse Logitech ever produced). Sometimes i bite my own ass for not going deep enough into the rabbit hole, but on the other side, i know that i never would have kept above 1000$ in that age. But still... i have my MX518 :-)

Dayotafiq

BTC is currently on 🔥 could this be the anticipated bull season? I've been doing some research on many altcoins for the past one week. I believe altcoins will be booming soon. I just added GPT to my portfolio and I'm currently DCAing on MX token cuz it looks bullish with it steady increase in price lately.

Dayotafiq

Let's keep moving. But can it compete with gold and oil? We have seen lots of green candle lately I'm taking advantage of this period to bag some potential altcoins. I just added MX to my portfolio. The token has been on a steady upward trend for a while now.

Dayotafiq

I never regretted buy it at 16k. We all can see the result now and we are expecting more pump. I also added some altcoins ( AGIX RLC FLR INJ) during the dip. I'm now DCAing on MX. The token has been on a steady upward trend 📈 due to the series of events going on MEXC exchange. The native token has gained over 21% as many user keeps buying it so as to qualify for the events like on the exchange

Dayotafiq

Welcome to the club. What ever be the price of BTC the bull season must surely come. I'm now looking at altcoins with great potential of 100x-1000x when the bull finally sets in. MX have been on the run for a while. It has been on a monthly gain of about 90%. I will soon be adding it to my portfolio considering that it's an exchange based token with great utilities.

Dayotafiq

Welcome to the club. What ever be the price of BTC the bull season must surely come. I'm now looking at altcoins with great potential of 100x-1000x when the bull finally sets in. MX have been on the run for a while. It has been on a monthly gain of about 90%. I will soon be adding it to my portfolio considering that it's an exchange based token with great utilities.

Andalynne2

Well the hype around airdrops has Definitely reduced. So far I've received testnet airdrops and airdropped tokens from mexc. Testnet airdrops aren't really guaranteed all the time but airdropped tokens from mexc are 🔥🔥. All I've got to do is use my MX token to participate in a launchpad or Kickstarter event.

fullflavourfrankie

They have their own token MX, similar to BNB for Binance i guess. And holding it would give access to some airdrops as I see from the main page. I use the exchange occasionally but never got anything like you did and I thought you were using their coin or something

khilayi

You can't, you can however stake your MX on mexc and bnb on binance; you can also stake your Lunc on Lunaswap too

Yayasadeeq

It seems like Bitcoin is going to give investors some reasons to celebrate with its recent price trend. As for me, I'm a fan of low-cap gems and I'm currently enjoying the way MX token is getting momentum. What investment will be more rewarding than investing in a token that reached a 98% uptrend in just a month?

_cipherunknown

They have also been doing drops and launchpads like crazy this month. You get new coins by locking MX and it’s driving demand.

khilayi

MX stakers on mexc's launchpad get free token airdrop like almost once in two weeks, if not more. Still trying to provide liquidity on myswap though, haven't confirmed the Apr yet

khilayi

Well, what happens where I buy say on Uniswap, then have it stored on my private wallet only to later on transfer the coin/token to say...mexc -where fees cost 50% less if paid in MX? How will this CEX know where the digital asset I just deposited was originally from?

samaeeel_

Users can vote on which additional coins should be added to the MEXC trading platform. Voting is possible using MX tokens, and the tokens with the most votes will potentially be listed on the market.

samaeeel_

The token's deflationary feature, which involves using a part of trading fees to repurchase and burn MX tokens, is a novel strategy that may raise the token's value over time.

samaeeel_

Reading about the special qualities of the MX coin on the MEXC Global Exchange and how they could affect cryptocurrency trading is intriguing.

samaeeel_

It will be intriguing to witness how MEXC Global Exchange and MX Token develop and influence the cryptocurrency trading environment.

samaeeel_

It has been impossible to halt the exchange token $MX. We soar to 2.95 after flipping 1.95 into support. Salute to one of the market's fastest-growing exchanges, u/MEXC Global.

khilayi

I'm more of a spot person. I hate getting those liquidation emails. But truth is, when it comes to fees, mexc futures fees cost only 0.03%, which is way cheaper than the spot market fees...0.1%. Payment made with MX tokens gives you a further 20% discount

khilayi

Best play will be to join their community, pay attention to what people are about there, DYOR before making any financial decision. On mexc, accounts with staked MX who participate in the voting process will even be given REDLC as reward. It's possible some cexes may he listing it anytime soon

coinfeeds-bot

tldr; The MX native token of the MEXC exchange platform (MX) rallied from this week’s open to a high of $1.74 on Friday, representing an ascent of over 41%. MX is also up more than 80% in the past month and over 101% since the start of 2023. Founded in 2018, the exchange claims to serve over 10 million users in over 170 countries. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*

_cipherunknown

It’s up from .80 in early January to about 1.70 last night. They have been releasing tons of launchpad and new token offerings where you have to lock up MX in order to participate. Big surge in demand.

smiley199

I regret not buying MX token of Mexc a month ago.

khilayi

MX token will be busy dishing out limited editions of fine and valuable drinks like Redlight Candle and AurusX all at zero cost

smiley199

I’ve consolidated on BTC and MX. Had too many coins last run. I hope to grab more AMG of DeHeroGame at the right time on discount as it's the token from the mexc’s launchpad,

smiley199

As for me, I look forward to adding more MX and MATIC to the portfolio while I also keep watch on the chart for AMG as it just droppedI on the mexc’s market a couple of hours ago. I like the reaction of the price of AMG after the listing. AMG from Dehero is a BSC-based GameFi application using the base value NFT concept.

callunquirka

I legit like mazdas. The 3 series hatchback is cute, and the MX-5 is so cool.

Dayotafiq

🤣🤣 Tho, some happens to be correct while others may not but as far as DeHeroGame token AMG is concerned, I'm still early everybody is early since it's gonna be a launchpad on MEXC and everyone can get the token by holding some MX on the exchange since snapshot is still ongoing. Yeah. DeHero game incorporates card NFT game. I believe its gonna be much fun.

smiley199

Exchange tokens generally do very well during a bull run regardless of utility. The ones with utility just do much better. They may once again pump hard in the coming bull market. Exchange tokens like MX is showing strength it appears to have gotten the memo. It shoot up to 29% yesterday.

thedogwantsin

So one thing I've noticed on Bisq is 1-There are no deals for MX pesos. But many for dollars and 2-Most are through Zelle, which doesn't work in Mexico.

Defenestration_Champ

Registered? We are still talking about MX :) Two blocks down there's a lion, panther, tiger cub to play with , "to play with" for $100 bucks

smiley199

Story of my life🥹 I listened to capo, thought we were going down to 12k zone, though i had a strict dca strategy for matic, LRC, MX and CRV. But then i still kinda regret not buying more. Anyway, i’ve learnt my lesson and now i have enabled grid trading to help me with dcaing, that way i can capture good profit margin because i really think grandpa BTC is still low..

smiley199

Yep, i also think bear season is still in effect. Before the real bullrun arrives, I'm hoping to reach my quota. I mean I wanna increase more coins including INJ, DUX,MX, and matic via dca. Also using Mexc’s quantitative trading strategy to capture good profit margin. Long-term hold will be given to those coins with strong fundamentals.

khilayi

This is an outright spite on the entire Algo community. You don't treat people who choose to believe in your product that way. Binance won't do this to BNB investors, neither would MEXC Global do same to MX investors. It takes a lot of maturity to be able to manage expectations while delivering quality you know

CasaSatoshi

We don't want to exchange for fiat, and even if we did there are lots of ways to get hold of government paper. The process you described is objectively worse than the process for exchanging and using bitcoin. Even if/when Revolut comes to MX, I'd still rather use BTC.

datageek9

Revolut will soon offer accounts in Mexico. Both you and your counterparty would need to open an account of course (requires KYC) but the same can be said if you need to exchange Bitcoin to/from fiat. https://www.revolut.com/en-MX/

igFrostt

I give props to this fantastic CEX for listing possible gems to users and for offering so many ways to get free tokens from various projects through a variety of giveaways and other activities. To show my appreciation, I'll be depositing some of my FLR tokens on the cex in exchange for MX tokens.. I'm happy to see native ecosystems being served by smart contracts built on Flare that use the EVM virtual machine. This is a great opportunity, and I won't let it pass me by.

kamalcaptain

It's interesting to see that the project is still on and the airdrop distribution will be over soon. I really appreciate the project development team for keeping their words and making a positive progress on the success of the project. I can't wait to have my share and deposit it on MEXC to earn from the 2k MX tokens freebies allocations to accompany FLR listing. Check and see, Flare will provide secure cross-chain composability and interperorability.

benimag

Flare is layer 1 Ethereum virtual machine (EVM) based blockchain which enables robust interoperability. This gems seems to be listed on top CEX like MEXC which have rolled up a deposit event to give out MX token. Don't wanna be left out as I will be banking on the CEX to cement my position by bagging it when it's listed on the exchange tomorrow.

iamdhelyia

did the same and made sure to deposit enough amount of BONK to them while they have freebie event. made good profit before it hit 3000% and won MX tokens from their campaign

Cyptogon

The Gearbox its an interesting project. I will be interacting with it soon borrowing from the protocol and leveraging with it accross other protocol platform. Interesting it allows multiple borrowing. For now still trying to increase my volume of the token which I am holdling on MEXC while also taking part in the ongoing fun deposit event on the CEX, luckily i can get to earn some rewards in $MX so i heard

StiltonG

To be fair, many of the people commenting indeed know what bail is (he's not buying his freedom by posting bail). But what upsets people is that a guy who squandered $Billions most likely has something substantial hidden away & if so he could find a way to escape & flee to a non-extradition country. The beaches in Bali are supposedly beautiful. So if he were able to flee, he would have indeed bought his freedom by posting bail. IDK how hard it would be to find someone to cut off his ankle bracelet, but I'm guessing if you had 10s of $Millions to pay off pros to help you, you could probably get that done, get a passport in a different name, head from CA to MX & from there travel under a new passport to Indonesia or UAE, etc.

Bunker_Beans

And Charlie’s eyes look like defunct pop-up lights from an '89 Mazda MX5.

ConcernNo809

Seems like some healthy discussion going on here, i respect your decision and i also admit that cex's like OKX, MEXC doing a pretty good job besides Binance. You can see the price trend of MX, this native token of MEXC Global doing a pretty good job in this bear market, it got some huge use cases which boosting the price as well

Ilived27

I hold some amount of MX and BNB. I think it is worth investing in exchange tokens if the exchange itself is a reputable one because the value of an exchange token is as valuable as the exchange itself.

Ilived27

2011 was also bad. The last crypto winter was in 2018 when bitcoin dropped significantly by more than 50% of its ATH right in the middle of a bull market. Year 2022 has dropped the prices of major cryptocurrencies. As at July 2022, the total value of the largest cryptocurrencies was $1 trillion. That's steep drop down from $2.7 trillion as at November 7 2021. This year is one of the toughest in the history of crypto but if we see it as an opportunity, millionaires would be made. I'm buying more crypto assets. BTC, MX, HFT, Doge etc in anticipation of crypto's comeback.

Ilived27

The fact that you compare the red candles to dildos is hilarious 😅. In respect of your view on exchange token, you don't expect FTT to have any more value if the exchange itself suffering the risk of implosion. I also have a fair amount of MX based the level of my risk tolerance. Accordingly to priceprediction. Net, MX crypto forecast up to $1.71 in 2023. The burning mechanism in my opinion will propel MX towards the forecasted price.

TswarUreddit

2022 will be a year to remember ! But I am optimistic that like the bear season of 2018, the aftermath of this will be birthing millionaires. It's quite saddening that many who have been here will leave as a result of devastating losses made, and they'll miss out when the bulls return. A time like this truly calls for a sober reflection of the investment decisions we made, cutting down on them and going for projects that have shown resilience in the midst of the winter. Exchange tokens have truly stood defiantly in the face of this bear ( except for the catastrophic case of FTT ). The likes of BNB, KCS, and MX have been part of my portfolio and I have continued to DCA at every good opportunity. Lately I am committed to having more of MX because of its strategic deflationary mechanism wheeled by the exchange to keep the circulating supply at 100 million. Which they're already buying back from the secondary market with 40% of revenue on trading fees and burning quarterly. Before I close it down, let me emphatically stress it out that NO ONE HAS MADE IT BUYING GREEN CANDLES – real money is in the red dildos ✌️.

TswarUreddit

I went back to do my research and found out that the MX token has actually taken a growth pattern similar to that of BNB, and did well in the last bull run by rising to as high as $3.7. Looking at its current trend and the growth of the exchange; which has reached 10M+ users in 4 years of operation, I think it will make a good investment as more demand and activities will increase on it. This is with regards to my personal research tho.

Bashir_Jasper03

After the sore experience of FTT and the BNB investigation saga, I think the other 2 that I'm considering adding to my pf rn is MX & OKB. My reasons are not far from their "modus operandi" when it comes to users' assets security and continued increase in trading volume

TswarUreddit

It's cool as far as they give me some bucks, that's buying them at low mcap. Exchange tokens also enhance the liquidity of an exchange, providing the platform additional dry powder to call on when markets get tight. It's worth understanding that the demand/appreciation of those tokens is commensurate to the level of activity on the exchange, and with it. So you understand why FTT is crashing right ? Inactivity ! Meanwhile, I love the deflationary mechanism of that your MX token and the commitment of the exchange to have it at 100M circulating supply. Think I'll research further on it and see what I can risk.

TripTryad

Are all the other exchange tokens getting bent over right now? Im genuinely wondering. This has to be something that makes holders of like... CRO/MX token/OKB token/KCS token sweat.

Inside_Nectarine_637

Sure. A hybrid DEX with the most powerful DeFi trading experience they call it, giving market makers a flexible access to price asset off-chain and many more unique features with over 10B in total trading volume in less than 4 month of it launch has attracted massive adoption. Binance, MEXCglobal and others listed the Hashflow token with massive price gained. Depositing to win MX prize pool is still live on MEXC while withdrawal will be live after 48 of this listing time.

ersleid

It does say it would undergo MX voting to decide whether to continue supporting the token, but the voting starts after 30 days according to the notice 🤷‍♂️

coinfeeds-bot

tldr; On October 23, the cryptocurrency trading platform MEXC announced that a total of 4,189,275 MX were repurchased and burned in the third quarter. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Czech-Made-Man

Great news for all MX holders!

imam_shaheb

Yes bruh, I still remember the time when BnB was being traded at 10$ on march 2020. At sept Binance launched their own chain based on BNB the utility token & then miracle happened , BNB gained like 300% within just 6 months . Since then it hasn't stopped . It has been said that, most of the money is made on the bear market, it's the golden opportunity to grab gems earlier. The question is 'can we consider MX as a hidden gem?'. Yes & you've already said the reason , MEXC Global is trying their level best to make MX great again. It gained like 2500% on the latest bull run & they haven't launched their own blockchain,if they launch it imagine the price impact it'll have!

Bashir_Jasper03

I think having a buyback and burn plan for exchange native token like MX creates a price rebound xD:) But doing it in a bear market keeps it in good stead for high price performance during the bull run with probably a huge market cap driven by increased utility imo tho

JamesBondMI6007

lol the $20 usb cables is hardly anything they sell $700 wheels for the mac pro computer tower. https://www.apple.com/shop/product/MX572ZM/A/apple-mac-pro-wheels-kit

mandatedisrael

Few days after now, I will like to hear your opinion! Are you convinced about it already? Because I am, these guys are building a massive ecosystem and the embracing of the new programming language shows how much of adoption we should expect! I'm still big on DCAing apt when the price is favourable and I even heard there are massive supports from top CEX like Binance, MEXC with MEXC giving away free MX once you deposit there. Man, who wouldnt wan to have a taste of this?

mandatedisrael

The Tokenomics has been released already now and many are comfortable with it, pretty good for them! We have different approach to market and DYOR, the tokenomics might be good for them and not bad in my opinion too, as a matter of fact, I still DCA into it recently and I even heard MEXC is running a deposit contest for whoever deposit atleast 50$ worth of APT on MEXC, they can share from a prize pool of 5,000 MX

mandatedisrael

Despite the crash, it's obviously a promising asset to have in any serious portfolio due to the experienced team behind the project and yeah, APTOS might be the solana killer indeed! The dump is a good entry point for me, I still DCA today and will keep it on check.. it's worth noting that MEXC is even running a deposit contest where you can share from a prize pool of 5,000 free $MX when you deposit APT of volume atleast $50

LittleShopping1240

Op Getting off the bear market is not easy when the prices of cryptos are falling more than 20% and adopting a trading strategy will also help out so I wouldn't agree with you more as making use of DCA or a dollar-cost averaging strategy also aided me during this bear season. Furthermore Diversification of Portfolio is another strategy as it decrease your risks and promises a certain degree of profits. Also be cognizant of crypto you select and also you have to study the market well before selecting your basket of cryptos to diversify your portfolio and minimize the loss nonetheless I will recommend exchange tokens like BNB (Binance native token and MX (MEXC native token). Investing on exchange native token is regarded as a powerful investment as they are almost assured to accumulate value so long as the exchange stays trustworthy and relevant . You can also enjoys form of discounts on exchange rates, reduced withdrawal fees, or access to upcoming airdrops which exchange like MEXC holds consistently.

Sad-Struggle7797

And don't worry the voting process is very easy, just go to MEXC website or app then click → Earn → NFT Voting → Here you can vote with $MX Token, which is native token of MEXC.

mandatedisrael

Hmmm, truth in this post is not far fetched! BTC and ETH you are suggesting now just provide a bit sense of security, they are still subjected to dump just like every ALTs! - BTC dumped from ATH of over $67K to $19K ( That's a bit of a dump, some ALTs didn't dump this hard) - Imagine someone bought at $67K and it dumped this hard, your advice would have been reversed for him, he'd think the safe haven is ALTs, lols. Trust me, majority of these ALTs are seriously building in this bear market, they give less attention to the token price which makes it a good entry point for accumulators but just be smart about what you add to your portfolio for example, it's HIGHLY recommended you have atleast a blockchain token and Exchange native tokens in your portfolio, you can't go wrong with these two! - L2 ecosystem tokens ( Pretty much alot of it, Just find one with a good goto market and adoption strategy ) - Centralised Exchange native Tokens and the recommended two is obviously BNB and MX because; massive exposure and adoption which will obviously create a buy pressure for example I recently saw an article of MEXC celebrating a 10Million users, Do you know what that means? ( Roughly ~6-7M users will be buying the MX token because it is needed for some of the events on the exchange!) And same too is applicable for Binance BNB! Yes it is bear market but it's time to accumulate, just be smart about your accumulation, get a cup of cappuccino😉 and wait for the bullish movement, you'd be amazed! Remember "Millionaires are made in bear market"👏

Adeelahh

We ought to short this token and start taking profit aswell, that's why I will be depositing some of APT token and start my trading journey on MEXC. I also heard there will be a share of MX reward for those who deposit USDT worth of APT.

Odd-Specialist9012

Since I missed the airdrop by APTOS, I decided to look for other ways to earn and yes, the event started already to end on the 24th of this month. All you need to do is to deposit at least 50 USDT worth of APT to be eligible to share in the 5,000 MX that's allocated for the event

Odd-Specialist9012

I would have loved if it's created to be ETH killer. I noticed it's reading already on Binance and MEXC. I plan on buying too and I'll be doing that later today on mexc since I noticed that they have an event for the token that will make depositors earn MX for participating in the deposit to share event

Odd-Specialist9012

The forgot to state that it will also go live on mexc and with the exchange having the best liquidity according to cointelegraph in September, I'll rather trade it there and on ETF as well. Depositing 50 USDT worth and above of the token on spot will make users eligible to share in the MX that's up for grabs

koelebobes

MX-Brown keycaps so I just put ESC on the F5 place, No ESC now

Sad-Struggle7797

You may have a point, BTC and ETH haven't done badly but that doesn't mean we should relegate the potential of some of the alt coin particularly exchange tokens that have proven to be worth investing from their performance the last bull run. DCAing on BTC and ETH has been my way of handling accumulation in the bear season but I have recently discovered that we shouldn't underestimate the exchange tokens particularly BNB and MX token. While BNB has defied all odds by rising from about $30 to it's ATH of about $686 and currently hovering around $270 has proven to us that some alt particularly exchange tokens are good to accumulate. That's why, I am currently studying and gradually bagging some MX token cos it also has the same case scenario with BNB as it has also made an interesting run since 2020 when it traded less than 0.09 to hit an ATH of about $3.78 and currently trading at about 0.89. This is also not a financial advise but a clue to also look into exchange tokens as potential investment we should take seriously.

Bashir_Jasper03

Tbh, your analysis is really nice, though my strategy is a bit different from yours. During the bears of 2018, I began to delve more into HODLing exchange native tokens like BNB and MX while using my TA to get more from futures and ETF trading. ROI from these strategy were good and the aftermath was equally huge coz by Q2 of 2021, BNB nicked an ATH of above $700 and by April 2022, MX reached an ATH of $3.8 from ~ $0.8/token buy in 2018. I'm also gonna continue my DCA on them. Who knows, we might see another ATH soon!!

Ill-Medicine-7496

Now most of the top 10 coins of 2016-18 seems dead like TRX, BSV. I still like bitcoin ethereum for secure investment, i mostly track price movement of bitcoin/ethereum for other altcoins. But one thing is altcoins are more volatile than bitcoin means more pump/dump. In this bear market to balance my portfolio am doing DCA in large caps and exchange tokens only. Literally I was surprised with the performance of BNB and other exchange tokens in previous bull run. And this developed my interest in exchange tokens. So currently am doing DCA in MX and BNB but I mostly add them during weekends. Thats my personal stratagey after my research on market. By the way here I choose MX because of its similarities with BNB in relation to burn and supply. You can DYOR to understand better.

iamdhelyia

Yes, buying main coins like BTC and ETH is the safest and stabilized way. One can go with BTC / ETH futures to survive the bear. However, as a trader I have witnessed several altcoins that has outperformed other tokens and coins in crypto. Not to mention continuously showing resistance despite BTC dip. Fan tokens, ETHS, and the recent one are the XEN crypto, these are to name a few which are still performing particularly in MxcGlobal. There are also native tokens such as BNB and MX that has shown progressive resistance despite the volatility of BTC. Imagine how will these tokens perform once bull enters the room. Luckily, I have continuously DCA and hold MX tokens for the bull season.