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Metaxy (MXY) on BNB Chain: Utility, Tokenomics, Trading, and How to Verify the Right Contract

Metaxy (MXY) on BNB Chain: Utility, Tokenomics, Trading, and How to Verify the Right Contract

Editor's Pick: Check MXY's chart or trade directly using gmgn.ai web version or Telegram Bot to stay ahead of the market.

Metaxy (MXY) is a BEP-20 token tied to Metaxy, an NFT-based anime fighting game on BNB Smart Chain. Think of it as the in-game currency and governance chip rolled into one: you spend it to upgrade characters, buy in-game items and NFTs, stake it for rewards, and help steer the project’s future through governance.

Before you interact with MXY, there’s an important housekeeping note: multiple contract addresses are associated with “MXY” across data sources. The address most commonly cited for Metaxy is 0x965d3704de812f5e1e7eef1ac22fe92174258bd9 on BNB Smart Chain, while another address, 0x4ba765ee44597d4986c3fbe9eab1535de3b3c3b6, appears in some trackers but shows lighter on-chain activity. Always verify which contract you intend to use or trade against—more on that below.

What is Metaxy (MXY)?

Metaxy is a decentralized, NFT-based fighting game with anime-inspired heroes battling across a multiverse. It’s developed by Onegame Studio and aims to blend play-to-earn (P2E) gaming with DeFi features.

  • Gameplay:

    • Real-time PvP (player vs. player) and PvE (player vs. environment with AI).
    • Characters have unique art and attributes that improve with play.
    • You can try free characters, but you’ll need NFT characters to earn MXY in-game.
  • Core links:

MXY Token Utility at a Glance

  • In-game purchases: Buy items and assets used in battles.
  • Character progression: Swap MXY for in-game coins to level up, or buy “Souls” to evolve characters.
  • Staking: Stake MXY or NFTs to earn rewards.
  • Governance: Vote on proposals that affect the game’s direction and economy.
  • Rewards: Earn MXY by playing, completing quests, and ranking on leaderboards.
  • NFT marketplace: Use MXY to trade Card Equipment NFTs that strengthen your heroes.

If you’re new to crypto terms:

  • BEP-20 is the token standard for BNB Smart Chain (similar to ERC-20 on Ethereum).
  • Staking means locking your tokens in a smart contract to earn rewards.
  • Governance tokens give holders voting power over protocol decisions.

Tokenomics and Distribution

Reported distribution from the project’s early phase (circa January 2022):

  • Airdrop: 2%
  • Team: 16%
  • Advisors: 5%
  • Seed: 5%
  • Private Sale: 10%
  • Public Sale (IDO): 2%
  • Ecosystem Fund: 15%
  • In-game Rewards: 30%
  • Marketing & Liquidity: 15%

Total supply cited for Metaxy is 1,500,000,000 MXY.

The Contract Address Discrepancy (Read This Before You Trade)

Two BNB Chain contract addresses are circulating for “MXY”:

What to do:

  • Check activity and holders on BscScan for the contract you plan to use.
  • Cross-reference with market pages like CoinGecko and CoinPaprika.
  • Only interact with the address your chosen marketplace or official project channel confirms.

Heads-up on a similarly named project:

  • Don’t confuse MXY (Metaxy) with MYX (MYX Finance), a derivatives DEX token. MYX has a different contract and purpose. If you’re exploring MYX, verify via the project’s official addresses.

Where Can You Trade or Track MXY?

MXY liquidity and trading tend to concentrate on BNB Chain DEXs:

For screening, tracking, and trading support on EVM tokens, you can also use:

Always verify the contract address within the platform before making a swap.

Market Snapshot and Liquidity Notes

Based on recent community data sources:

  • The commonly referenced MXY contract (0x965d...) shows more holder activity and a live MXY/WBNB pool on PancakeSwap v2.
  • Liquidity and volumes have fluctuated and, at times, appear thin—periods with very low daily volume are reported. Thin liquidity can mean wider price swings and slippage.

Pro tip: Thin liquidity means even small orders can move price a lot. Consider using limit-like routing tools and check pool depth before hitting “swap.”

Risks and What to Watch

  • Contract confusion: Multiple addresses can lead to mistakes or failed trades. Always confirm the exact contract with official sources or multiple reputable aggregators.
  • Low liquidity and volume: Illiquid pools can have high slippage and be susceptible to price manipulation.
  • Audit status: If a contract lacks an independent audit, there’s a higher chance of bugs or vulnerabilities. Treat unaudited code with caution.
  • Market risk: GameFi tokens can be cyclical, depending on player growth, in-game economy balance, and ongoing development.

Quick Start: How to Safely Interact

  • Verify first:
    • Confirm the contract on BscScan and cross-check with CoinGecko and the project’s official channels.
  • Add the token to your wallet:
    • In MetaMask (configured for BNB Chain), use the verified contract address to import the token.
  • Test small:
    • Start with a small trade to check slippage, fees, and settlement before committing more.
  • Track your positions:

Final Thoughts

Metaxy (MXY) blends P2E gaming with DeFi elements, letting players earn and spend within an NFT-driven ecosystem. The elephant in the room is address verification: ensure you’re interacting with the active, recognized contract before buying or staking. Given variable liquidity and the broader volatility of GameFi, approach with measured position sizing, do your own research, and keep an eye on development updates and marketplace depth.

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