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MIX Token

MIX Utilities​

  • Transaction fees: Being the native currency on the Mix Network blockchain, users must pay fees in MIX to approve transactions.
  • Validation: Token holders can stake MIX to become a validator. The minimal staking requirement is 100K MIX. While the network is continuously growing, currently, there are 60+ validators.
  • Voting: Validators vote on protocol changes with their staked MIX and with the tokens delegated to them by stakers. This means validators with higher amounts of Mix staked can have a more significant vote on network upgrades and governance changes.
  • Staking (for delegators): Any MIX holder can choose one or more validators to delegate any amount they wish. They receive a share of the Mix block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
  • Payments: As MIX is the native currency on Mix Network, sending it does not require interactions with smart contracts. Thus, MIX transfers are potentially faster and less costly regarding transaction fees.

IMPORTANT: Merely possessing any amount of MIX tokens does not grant holders any rights to participate in the governance of the Mix Network platform or any revenue streams related to its real-world performance.

MIX Tokenomics​

With each new block created every 5 seconds on Mix Network, the validator who creates it and the delegators who staked with them receive the block rewards in newly issued MIX tokens. This is designed to secure the network's consensus mechanism.

The reward amount per block is set so that the MIX total supply increases by 5% yearly.

The main reason for choosing an inflationary model at the early development stage was to ensure certain predictability of the flow of revenue for network validators and delegators.

If they had to rely exclusively on transaction fees as the reward for staking MIX and validating, it would be harder to predict their future returns, as transaction activity on the network can fluctuate.

The relative predictability of validator revenue is an essential assumption behind the blockchain consensus theory on which the Mix consensus mechanism is based.

Having substantial block rewards also makes it possible to keep transaction fees on the network low, facilitating the adoption of Mix.

As was mentioned in the Intro to Mix section, the upcoming transition to Mix V2 will also involve the implementation of new tokenomics for the MIX token described in the Mix V2 section.

MIX on Other Chains​

One way to ensure the growth of Mix and its prospects is by enabling additional versions (wrappers) of MIX on other chains.

Unlike MIX on Mix Network, those wrappers are ERC20 tokens created whenever someone locks a certain number of tokens on the Mix and gets issued the same amount of wrapper tokens on the target blockchain. If a user withdraws the wrapper from the target blockchain, the tokens are burned, and the MIX tokens on Mix are unlocked.

Currently, wrapped versions of the MIX token exist on Ethereum (mainnet), Binance Smart Chain, and the Arbitrum One layer-2 optimistic rollup chain for Ethereum. The latter is a wrapper of a wrapper powered by the Ethereum-Arbitrum bridge, and its withdrawals from Arbitrum are subject to the optimistic rollup rules.

MIX on Ethereum​

Token contract: https://etherscan.io/token/0x970b9bb2c0444f5e81e9d0efb84c8ccdcdcaf84d

MIX on Polygon​

Token contract: https://polygonscan.com/address/0xf915fdda4c882731c0456a4214548cd13a822886

MIX on BNB Chain​

Token contract: https://bscscan.com/address/0x5857c96dae9cf8511b08cb07f85753c472d36ea3

MIX on Arbitrum One​

Token contract: https://arbiscan.io/token/0xbdef0e9ef12e689f366fe494a7a7d0dad25d9286

Getting MIX​

Where to Buy?​

MIX is available on several centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, and Bittrex Global.

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Mix), Sushiswap (Mix), 1inch (Ethereum), Loopring (Ethereum).

The best information about MIX trading volumes and prices on various exchanges can be found on the MIX token CoinMarketCap page.

Yield Farming​

Currently, the project team occasionally uses the MIX token to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and participation in the Mix Lending Network.

The ongoing liquidity rewards programs on DEXes can be discovered here.

Other ways of getting MIX​

From time to time, the Mix team uses MIX to reward community members for various forms of participation and community engagement. Following Mix's social channels is the best way to stay up-to-date about these opportunities.

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