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What is xMEX?

xExchange xMEX Token
info

xMEX is the time-locked equivalent of MEX. It has the same value, but it cannot be traded.

note

All xExchange farm rewards and fees are distributed as xMEX locked for 4 years.

Timelock​

xMEX can be locked from any period ranging between 1 and 4 years, measured in days - more accurately, epochs: 24 hour intervals that begin and end around ~17:00 UTC each day.

xMEX can be unlocked either by waiting for the entire respective period, or at any time but with a penalty ranging from 0 to 80%.

i.e. 100,000 xMEX with 1 year time lock can be converted into 50,000 MEX.

Following a governance vote, 100% of Energy removal penalties are now shared by Energy holders.