What is M2 Exchange (MMX)?
MMX is a digital token issued by M2 Global Wealth Limited, an international business company established in the Bahamas on November 14, 2022, under the International Business Companies Act of 2000. MMX is designed to provide customers with specialized access to specific products and services within the M2 ecosystem.
The M2 Exchange platform is the first developed product by M2. It aims to offer both institutional and individual customers an attractive platform to buy, sell, and monitor digital assets such as Bitcoin and Ether.
To address AML/CFT risks arising from business activities, the project team adopts a multi-factor risk-based approach. Senior leadership at M2 is committed to:
- Establishing clear customer acceptance standards, possibly related to Enhanced Due Diligence (EDD) when customer risks increase.
- Implementing customer identification and screening procedures based on databases to assess acceptability.
- Developing profile creation procedures to determine the purpose of the business relationship.
- Providing clear guidance on when and under what conditions reliance can be placed on KYC profiles or screenings performed by affiliated or third-party entities.
- Establishing controlled processes to decide whether to maintain or terminate customer relationships due to AML and KYC concerns.
Key features of M2 Exchange :
Several features are in development:
- High-yield cryptocurrency investment, maximizing income up to 10.5% for BTC and ETH through the use of M2 Exchange.
- Investment in over 30 verified cryptocurrency assets, diversifying investment portfolios with carefully screened reputable projects.
- Streamlining transactions with "Smart Trading," maximizing the potential of crypto trading through spot and futures market features.
MMX token information :
MMX is developed on Ethereum and follows the ERC-20 standard, ensuring compatibility with other smart contract tokens within the ecosystem.
- Token Name: MMX
- Symbol: MMX
- Blockchain: Ethereum
- Standard: ERC-20
- Total Supply: 500,000,000 MMX
- Self-reported distributed supply: 151,949,950 MMX
Benefits of holding MMX
- Up to 10.5% profit for BTC and ETH.
- Qualify for an additional 10% M2 profit when users utilize M2 Earn.
- Exclusive access to project listings and new profit products on M2.
Token burning mechanism:
- MMX tokens used to increase yields for M2 profit products will be burned. The burning process reduces the total MMX supply, increasing scarcity and value.
- MMX is also freely transferable on Ethereum and available for trading through private and public sales.
Distribution
- Investors: 35%
- Reward Pool: 27%
- Initial Liquidity: 8%
- Private Sale: 10%
- M2 Team: 20%
Price movement and exchanges
MMX is currently trading at $3.07, down 10.39% since its release on November 24. According to Coinmarketcap, MMX's 24-hour volume is $7.36 million, up 19.84%. The project's market capitalization is $472.61 million.
Project links
- Website: m2.pxf.io/ba9Zgv
- Whitepaper: https://explore.m2.com/mmx-whitepaper
- Twitter: https://twitter.com/M2Exchange
- Telegram: https://t.me/M2Community
FULL EXPLANATION VIDEO ABOUT M2exchange :
Conclusion
With M2 Exchange, users can enjoy exclusive benefits and increased income within the M2 ecosystem. The project's token price experienced significant fluctuations in the initial hours. Users are advised to conduct thorough research before making investment decisions.