Discover MXI, Monerex’s inter-app native utility token, powering seamless transactions and unlocking new possibilities in our integrated digital and traditional financial worlds.
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Monerex Native Utility Token
MXI is the inter-app native utility token used for payments, rewards and peer-to-peer transfers within the Monerex suite. Users will gain Monerex tokens for participating within the system and can earn additional rewards by participating in Monerex staking pools and decentralized finance protocols available across the marketplace.
Seamless Payments
• Fast
• Efficient
• Secure • Low fees
• Secure • Low fees
Rewards & Incentives
• Passive Income
• Debit Cards
• Cash Back • Governance
• Cash Back • Governance
DeFi Integration
• Staking
• Liquidity Provision
• Yield Farming • P2P Loans
• Yield Farming • P2P Loans
Token Burning Mechanism
• Scarcity
• Value Appreciation
• Stability • Growth
• Stability • Growth
How to Buy
Download an XRP Wallet
Download & activate an XRP ledger supported wallet such-as Xaman, Sologenic, D'CENT or Ledger. Click on the icon above to download our recommended wallet, Xaman.
Add MXI Trustline
Add MXI to your wallet by setting the MXI trustline. Click on the icon above and sign the transaction with your XRP wallet.
Buy MXI
Buy MXI on Sologenic, Magnetic or any XRP ledger supported decentralized exchange. Click on the icon above to buy from our recommended exchange, Sologenic.
Where to buy?
Where to buy
XRPL Decentralized Exchanges
A Fast, Secure & Intuitive DEX and NFT Marketplace built on the XRP Ledger.
A decentralized exchange (DEX) that facilitates easy token swapping.
A non custodial wallet with superpowers for the XRP Ledger.
onXRP.com a place for everything XRPL, NFTs and Crypto.
Secure your MXI
Choose your Stake
At Monerex, we value your commitment to our ecosystem. That’s why we’ve introduced the MXI Token Rewards Tiers, designed to provide our users with a range of exclusive benefits and privileges based on the value of their MXI token holdings. These tiers are determined through quarterly wallet snapshots of your MXI holdings and are a testament to our appreciation for your ongoing support. Join our crypto debit card waitlist to activate your rewards.
44
USD
Bronze
Start your Monerex journey with a Premium DeFi Boost NFT & MXI airdrops.
What's included?
- Crypto Debit Card
- DeFi Access
- 1 DeFi Boost NFT
- MXI Airdrops
- 24/7 full support
444
USD
Silver
Upgrade to Silver for a Nitro DeFi Boost and greater rewards.
What's included?
- Crypto Debit Card
- DeFi Access
- 1 Nitro DeFi Boost NFT
- MXI & XRP Airdrops
- 1% Cash Back Rewards
4.4k
USD
Gold
Unlock advanced DeFi potential with XRP airdrops and a Golden Quantum Boost NFT.
What's included?
- Crypto Debit Card
- DeFi Access
- 1 Quantum DeFi Boost NFT
- MXI & XRP Airdrops
- 3% Cash Back Rewards
44k
USD
Platinum
Reach the pinnacle of DeFi rewards with a Nirvana Boost in Platinum.
What's included?
- Crypto Debit Card
- DeFi Access
- 1 Nirvana DeFi Boost NFT
- MXI & XRP Airdrops
- 5% Cash Back Rewards
Token Burning Mechanism
The Monerex Token burning mechanism is an automated process embedded in our blockchain-based infrastructure. It is initiated under specific conditions, ensuring that the total supply of MXI tokens gradually decreases over time. Here's a breakdown of how it works:
Transaction Fees
Every time a transaction is conducted within the Monerex ecosystem, a small transaction fee is incurred. A portion of this fee is collected and subsequently burned, effectively reducing the overall token supply. This mechanism encourages users to actively engage with the platform, as their interactions contribute to the reduction of the token supply.
Staking Rewards
Users who participate in our staking program receive rewards in the form of MXI tokens. However, a percentage of these rewards is automatically burned before distribution, aligning the staking system’s incentives with the deflationary model. This incentivizes long-term staking, as users benefit from both staking rewards and the gradual increase in the token’s scarcity.
Platform Growth
As the Monerex ecosystem expands and attracts more users, the burning mechanism becomes increasingly significant. The introduction of new features, partnerships, and services drives transaction volumes, leading to more token burns. This growth-driven mechanism ensures that the MXI token remains an integral part of our ecosystem’s development.
FAQs
Frequently Asked Questions
MXI is a utility token built on the XRP Ledger (XRPL). As an XRPL token, MXI offers the advantages of speed, security, and scalability inherent to the XRP Ledger's technology. It serves as a versatile instrument within the Monerex ecosystem, facilitating payments, integrating with DeFi, and providing rewards to its users.
To acquire MXI tokens, users need to have an XRPL-supported digital wallet. Firstly, set the trustline to MXI. Once done, you can purchase MXI tokens on any XRPL decentralized exchange. Additionally, you can earn MXI through various reward programs and promotions within the Monerex ecosystem.
The primary use of MXI tokens is to facilitate payments and transactions within the Monerex platform. It also acts as a utility token for DeFi integrations and can be used to reward loyal users and stakeholders.
Monerex is thrilled to offer a tiered rewards system to its loyal MXI token holders. Depending on the value of the MXI tokens you hold at the time of our wallet snapshots, you'll be placed into one of four tiers: Bronze, Silver, Gold, or Platinum. Each tier provides unique benefits:
- Bronze (44 USD): Holders will earn access to MXI airdrops, a DeFi Boost NFT, and the option to order a crypto debit card with DeFi access.
- Silver (444 USD): At this tier, holders will receive access to both MXI and XRP airdrops. Additionally, they will be eligible for a Nitro DeFi Boost NFT and can order a crypto debit card that offers 1% cash back rewards on all card spending, coupled with DeFi access.
- Gold (4.4k USD): Gold members will benefit from MXI and XRP airdrops, a Quantum DeFi Boost NFT, and the opportunity to order a crypto debit card. This card will provide 2% cash back rewards on all expenditures, in addition to DeFi access.
- Platinum (44k USD): The premium tier offers holders access to MXI and XRP airdrops, a Nirvana DeFi Boost NFT, and the option to order a crypto debit card. This exclusive card comes with a 3% cash back reward on all purchases, complemented by DeFi access.
To ensure fairness and transparency, Monerex will be conducting quarterly snapshots of MXI wallet balances, starting from April 4, 2024. This will determine the tier and associated benefits each holder is eligible for in the following period.
Yes, MXI token holders can benefit from staking opportunities, which may offer interest or other rewards. Detailed information on staking benefits can be found on the Monerex platform or its official documentation.
What measures has Monerex taken to ensure the stability and trustworthiness of its MXI token supply?
50% of MXI tokens are safeguarded in a multi-signature escrow, ensuring a stable and confident future for our community. This strategic reserve embodies our commitment to security, trust, and long-term value for all Monerex stakeholders.
Security is a top priority for Monerex. The MXI token, being a part of the Monerex ecosystem, benefits from the advanced security measures provided by the XRPL’s technology.
Absolutely! With the Monerex Crypto Debit Card and Digital Wallet, users can use MXI for everyday transactions, converting it seamlessly to local currency when required.
Specific details about the tokenomics, including maximum supply, can be found in the Monerex whitepaper or on the platform's official documentation.
MXI has been designed to easily integrate with various DeFi platforms, allowing users to leverage its utility in diverse ways such as lending, borrowing, and yield farming.
Artificial Intelligence (AI) enhances user experiences within the Monerex platform. While it offers predictive analytics for businesses and streamlines accounting processes, AI also ensures security throughout the ecosystem, which includes MXI transactions.
Monerex continuously seeks to innovate and improve. While the current focus is on expanding the MXI ecosystem, future developments and partnerships will be announced through Monerex's official channels.
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