MMX coin is an Ethereum ERC-20 token offered by M2 as a way to enhance the popularity of its ecosystem. This coin is purely an investment token where holders make money through the increase in value of the coin. M2 Global Wealth Limited runs the M2 ecosystem, where users can trade, invest, and run various projects with cryptocurrencies. MMX with power projects and services within this ecosystem.
The coin is freely exchangeable on the Ethereum platform. Investors can get the coin during public or public sale events where given amounts of coins are released to the market.
A Bit About MMX
MMX is both an investment and a utility coin based on the Ethereum blockchain. It was created and managed by M2 Global Wealth Limited. The company runs an M2 crypto network. The coin is used on the M2 ecosystem as a token for purchases, running cryptocurrency projects, and investments. M2 offers holders of the coin additional benefits in addition to value increases.
Since it is based on Ethereum, it is freely exchangeable on the blockchain and can be converted to fiat money. However, there are some onboarding rules that new users must fulfill when joining in.
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MMX is an ERC-20 token based on the Ethereum blockchain. ERC-20 tokens are fungible and can be interchanged with other coins. The coin is smart contract-enabled, which means that it can be used for crypto projects like raising capital and owning assets within the M2 platform. You can also exchange it with other Ethereum-based coins or fiat money on the blockchain with ease.
This coin is meant to increase the value of the initial investment by the holders. The managing company does this by burning the tokens regularly and releasing a few coins at a time. This causes a shortage in the market, which increases its value.
Utility of MMX?
This coin is to be used by the M2 community for activities within the ecosystem. The coin can be used to buy goods and services within the ecosystem and as an investment tool. M2 Global Wealth Limited offers an added bonus and profits for holders of the coin who have taken part in one of its investment plans.
Therefore, the holders of the coin benefit from the rapid increase in the value of the coin and the added yield on the investments that they have made in the M2 ecosystem. In addition, they can buy services, invest, and take part in projects run on the M2 ecosystem. Since this is a fungible token, they can always exchange it for another token on the Ethereum blockchain or convert it to fiat money whenever they wish.
MMX Price detailsETH Contract address: 0x614Da3b37B6F66F7Ce69B4Bbbcf9a55CE6168707
›› Details & Tokenomics
›› MMX tokenomics and social media
Advantages of MMX+ Holders of MMX get a chance to boost their yields across several M2 products, enabling them to make more cash
+ The coin gives holders privileged access to new coin listings and yield products on the M2 ecosystem
+ Those who are on the M2/Earn program and have purchased the coin are eligible for a percentage of the M2 profits
+ M2 Global Wealth Limited burns tokens periodically to increase the value of the token, giving users added returns
+ Since the coin is fungible, it can be exchanged with ease with other coins on the Ethereum blockchain or fiat currency, which makes it liquid.
Disadvantages- MMX is primarily used in the M2 ecosystem; therefore, it is not flexible for regular transactions
- The transfer cost is a little higher since it is based on the Ethereum network, which makes it unsuitable for regular transactions
- The MMX token is not widely known outside of the M2 ecosystem, which has hampered its rapid growth in value
- New users must meet several onboarding conditions before they have the coin, which disqualifies some would-be holders
- This coin’s value is not controlled by market forces, but by the burning of tokens and the controlled release of tokens
Costs▪ Rated at 8/10
The cost of transferring MMX coins varies with the traffic on the base Ethereum network. Expect to pay about 0.5% to 5% of the amount transacted as fees. We expect the fee to be on the lower side, especially because the M2 ecosystem is yet to suffer any congestion.
Its costs are still a little cheaper than the gas fees charged on the base Ethereum network. Therefore, it is a good alternative if you wish to make transactions in the Ethereum ecosystem.
Reputation and Buzz▪ Reputation rated at 8/10
▪ Buzz rated at 8/10
Many of the crypto industry watchers have found the coin structure and investment platform of MMX attractive. There is also a growing community of M2 investors that readily accepted the MMX coin when it was released on the market. These two factors have helped the coin gain a solid reputation and created a buzz around its sale events.
M2 Global Wealth Limited is also a reputable firm domiciled in the Bahamas and has met all the financial regulations as set by the jurisdiction. This gives the coin users confidence that they are putting their cash into a solid ecosystem.
How can I buy MMX tokens?
You can visit the M2 Global Wealth Limited website to buy the coins. You will need to create an account and check if you have met all the onboarding requirements. If accepted, you can use cards or Ethereum-based tokens to buy MMX.
What do I gain from holding MMX tokens?
You benefit from the rapid increase in the value of the coin and the added yield on the investments that they have made in the M2 ecosystem. In addition, you can buy services, invest, and take part in projects run on the M2 ecosystem. You can also exchange it for other tokens on the Ethereum blockchain or convert it to fiat money with ease.
What is an ERC-20 coin?
ERC-20 coins are fungible tokens based on the Ethereum blockchain. They are smart contract-enabled and can be exchanged with other coins within the ecosystem. These smart properties, or tokenized assets, are opportunities for investment.
History of MMX
November 2022 - M2 Global Wealth Limited is incorporated in the Bahamas. It wishes to create the MMX token and offer various crypto services
June 2023 – M2 holds the first private sale of the coin. The sale runs up to August 31, 2023
August 2023 – MMX tokens are now publicly available on the ecosystem. These coins are not subject to lock restrictions like the private ones
September 2023 - M2 Global Wealth Limited enhances its profit structure for MMX holders in its yield programs.