Is MXC decentralized?

Could you please clarify for me whether MXC is indeed a decentralized platform? I've heard varying opinions on this matter, and I'm interested in understanding the exact nature of its governance structure. Is MXC built on a blockchain that distributes power and decision-making evenly among its users, or does it rely on a more centralized model with a select few controlling the network? I'm looking for a straightforward answer that helps me assess the decentralization level of MXC.