MEXC Global Officially Launches MEXC Mastercard To Support Global Payment
On December 27, MEXC Global, the world’s leading crypto-asset trading platform, officially launched the MEXC Mastercard, allowing cryptocurrency holders to use digital assets in daily payments.
MEXC
It is reported that the MEXC Mastercard can be directly connected to the user’s MEXC account, allowing users to recharge with cryptocurrency balances. Cardholders can manage their cards, view transaction history, and access customer support through the card dashboard on the MEXC app and website.
Andrew, VP of MEXC Global, said:
“MEXC is committed to tangibly promoting global cryptocurrency adoption, bringing cryptocurrency into everyday shopping. We believe that the MEXC Mastercard is an important step in encouraging wider cryptocurrency use and global adoption.”
The launch of the MEXC Mastercard is a new practice of MEXC in cryptocurrency. MEXC Mastercard can not only help cryptocurrency to be used in life payment like traditional bank account payment but also expand the user base from traditional financial card users to those Users who are keen on spending with cryptocurrencies. Now such cryptocurrency cards are becoming more and more popular.
“The launch of the MEXC Mastercard also reflects our reliability, innovation, and influence. We always start from the perspective of users’ needs and provide users with professional products and services. After continuous efforts, in the second half of this year, the liquidity of contracts, spot, and ETFs has achieved the world’s first.” .
– Andrew added
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of “Users first, MEXC’s Changing for you”.
Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
MEXC Launches The Broker Program With Up To 60% Daily Rebate
On December 20th, MEXC, the cryptocurrency trading platform, launches the broker program. Brokers who sign up for this program can get up to 50%-60% rebate on trading fees.
MEXC
It is understood that MEXC’s broker program is open to two types of brokers: API brokers and independent brokers. API brokers can simply connect customers with MEXC’s brokerage services by using MEXC-integrated API; independent brokers can utilize the advantages of MEXC which are stability, security, and liquidity to expand their business by integrating once.
According to the relevant project manager, a MEXC broker can enjoy the following advantages: Obtain a 50%-60% rebate on trading fees when the monthly spot trading volume reaches a certain amount, and this is an industry-leading level advantage; Enjoy customized solutions such as the platform for placing orders on behalf of customers or trading platform with its own brands. You can enjoy MEXC’s customized solutions and professional technical services. MEXC will provide great API functions in terms of technical aspects according to the personalized needs of brokers.
According to the comprehensive data of CoinMarkeCap, Coingecko and MEXC, MEXC currently supports more than 170 cryptocurrency futures trades, more than 1700 cryptocurrency spot trades, and more than 350 cryptocurrency ETF trades, covering all Web3 sectors such as the public blockchain, cross-chain, DeFi, GameFi, DAO, Meme, etc. MEXC is the trading platform with the most listed cryptocurrencies and the fastest listing speed of popular cryptocurrencies.
In addition, among the top 50 cryptocurrencies by market value, MEXC’s liquidity has reached the world’s leading level. By taking advantage of liquidity and market depth, MEXC can help brokers improve their business and earn rebates from trading fees as well as provide them with one-stop technical services and customized solutions.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of “Users first, MEXC’s Changing for you”. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
The Across Protocol (ACX) will be launched on MEXC on November 28
On November 28, MEXC Global Exchange will open and launch the Across Protocol (ACX) and ACX/USDT transactions.
Across Protocol is built on UMA’s Optimistic oracle machine, which supports cross-chain round-trip transactions from Ethereum L1 to Ethereum L2. It combines Optimism oracles, repeaters, and single-sided liquidity pools to provide decentralized instant transactions between chains. The ACX currently supports networks such as Ethereum, Arbitrum, Optimism, and Polygon.
Across Protocol allows users to borrow liquidity from decentralized repeaters to transfer tokens between different chains (layers) instantly and with low fees. Repeaters can pre-fund users for instant transfers between chains. In return for providing this service, repeaters can choose on-chain compensation from a single liquidity pool on the Ethereum network.
The following is a list of the supported tokens for each of the chains that ACX supports. In order to cross tokens from one chain to another, the token being crossed must be supported on both chains.
Across Protocol has currently integrated Ethereum Mainnet, Arbitrum, Optimism, and Polygon networks, and supports cross-chain transfers of ETH/WETH, WBTC, DAI, USDC, BOBA, BADGER, BALANCER, and UMA.
$ACX is the original asset issued by Across Protocol, with a total supply of 1 billion pieces. It will be issued on November 28. The wallet addresses or ecosystem contributors who participated in Across cross-chain activities can get ACX airdrops. The total airdrop is 10 million pieces. Recently, Across Protocol received financing of $10 million at a valuation of $200 million, and Hack VC, Placeholder, and Blockchain Capital participated in the investment.
MEXC is the world’s leading cryptocurrency exchange, providing one-stop services such as contracts, spot, ETF, NFT Index, etc., serving 10 million users worldwide with the philosophy of “User First, Change for You.” Currently, MEXC supports spot transactions of more than 1,700 tokens, contract transactions of more than 170 tokens, and ETF transactions of more than 350 tokens.
MEXC is the exchange with the best liquidity, the most abundant trading pairs, and the fastest launch of popular projects. From UNI, DYDX to APE, and from OP, APT to ACX, these assets are all forstl listed on MEXC.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
MEXC Global Now Exceeds 10 Million Users; The Meaning Behind the Upgrade Color to “Ocean Blue”
As of September 2022, MEXC has finally reached a respectable milestone of 10 million users! To celebrate this unique achievement, starting November 18th of this year, MEXC will introduce a major brand color change to its global userbase to spread awareness for which it stands for. After surveying customers directly during a limited roll-out in South Korea, the color has transitioned from MEXC’s original ‘Forest Green’ color-scheme, to a new, beautiful ‘Ocean Blue’ pallet.
At MEXC, our #1 priority is adhering to the principle of ‘Users Come First’. Upon further surveying additional global markets, the response has been overwhelmingly positive for ‘Ocean Blue’ – the change is now permanent. Vice President of MEXC, Andrew Weiner states that users in Korea advocated strongly for the rebrand to ‘Ocean Blue’. “Following our evaluation, we tested the requested color upgrade with our passionate users from MEXC Korea. It was great to see the change so well-received, and MEXC is truly grateful for the customer insight that directly influences our views and image.”
Now, why ‘Ocean Blue’? Our blue oceans cover 71.35% of Earth’s surface, whereas the forest area accounts for just 7.27%. Forests are fragile, and restricted to the land – but the sea is immense and limitless. ‘Ocean Blue’ incorporates ‘every river that flows into the sea.’ According to Weiner, ‘Ocean Blue’ is also a more accurate reflection of MEXC’s brand identity. “We are calm and professional, open and inclusive, and powerful and innovative – inviting every user to dive deep and explore what treasures MEXC has to offer!”
MEXC was founded in April 2018. It is the world’s leading one-stop crypto shop and fastest growing exchange. They offer futures, spot, ETF, and NFT Index trades, as well as staking, MX DeFi, and many other services for our special users.
“When we look back at MEXC’s history, ‘Users Come First’ has always been more than a motto – it is the recipe to our success,” Weiner said. Which the improvement of the brand color can not exemplify.
MEXC significantly upgraded its Futures trading system and product functions in their June 2020 release. Before the upgrade, the operations, product, and technical teams spent months doing thorough consumer research, gathering feedback, and performing rigorous product testing. The improvements range from minute details to extravagant enhancements to customer journeys, including such examples as “Lightning Close,” and “Leverage Multiples Adjustment”. All these upgrades came directly from MEXC’s skilled team and loyal customer feedback.
‘Users Come First’ has been the heart of the crypto industry’s essential values of decentralization and community spirit and MEXC bleeds this mantra. “It is because we put our users in the forefront and present them with our professional goods and services that we are able to have reached the accolades of reaching the highest liquidity in futures, spot, and ETFs in the second half of this year with constant efforts,” Andrew explained. “Please enjoy our rebrand and take comfort that you are in safe hands.”
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Hashflow (HFT) Announces The List on Cryptocurrency Trading Platform MEXC and Binance on November 7
MEXC Global will list Hashflow on November 7, 13:00(UTC) with Binance together, and users will be able to trade their native token HFT(HFT/USDT). Meanwhile, MEXC has launched a deposit competition for HFT, and the total prize pool is 5000MX.
Hashflow (HFT) is a decentralized exchange that supports cross-chain interoperability. It can link users with professional market makers and aims to provide zero slippage, low GAS fee, and MEV-protected trading experience. Currently, Hashflow has supported public chains such as Ethereum, Avalanche, Polygon, Arbitrum, Optimism, and BNB.
The core advantages of Hashflow include zero slippage, no impermanent loss, bridgeless cross-chain swaps, and MEV(Miner Extractable Value)-resistance.
Hashflow adopts the request-for-quote (RFQ) model to allow professional market makers to manage liquidity pools, which differs from AMMs that generate high slippage during transactions. RFQ includes off-chain pricing functions and on-chain settlement. Professional market makers can bridge CeFi prices with DeFi through Hashflow and do this in a trustless and easy-to-use way. Meanwhile, users can get the same price on DeFi as they see on MEXC.
Hashflow enables the native-to-native swap function where users no longer need to rely on cross-chain bridges prone to problems. It should be noted that Hashflow does not rely on external bridges or require users to escrow their assets on the source chain to mint a bridged asset on the destination chain.
According to public information, Hashflow has raised funding of $3.2 million, and the investors include Dragonfly Capital, Electric Capital, Alameda Research, Metastable Capital, Galaxy Digital, etc.
According to public information, MEXC, established on April 2018, is one of the world’s Top 10 cryptocurrency trading platforms. The core products include spot trading, leveraged ETF, futures, NFT Index, Staking, etc. As of September 2022, the platform has exceeded 10 million users, and the platform’s cryptocurrency liquidity has already ranked first in the world. In addition to supporting more than 160 cryptocurrency futures trading, it also supports more than 1,600 cryptocurrency spot tradings and more than 400 cryptocurrency ETF tradings. MEXC is the trading platform with the fastest listing speed and the most abundant trading assets.
According to M-Research, among the top 10 cryptocurrencies in 2021, MEXC listed the top five: SHIB, GALA, FTM, and MANA. From 2019, nearly 100 other projects, including public chain, DeFi, GameFi, Layer2, Metaverse, DAO, Meme sectors, etc., such as DOT, OP, UNI, APT, GLMR, etc., have been listed on Binance successively. MEXC is ‘the first stop for quality projects.’
As of October 27, among MEXC’s 2022 debut projects, 150 projects have increased by more than 10%. Among them, 65 projects have an increase of 10%-100%, 86 projects have an increase of more than 100%, and the highest increase of a single project is between 166% and 479,900%.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
Crypto Trading Platform MEXC Launches Future Second-level K-line Function
Digital asset trading platform MEXC had updated the function of future products and introduced the second-level K-line function. MEXC is reportedly among the first virtual currency trading platforms to offer the future second-level K-line function.
As explained in the announcement, the K-line chart of the future trading page on crypto trading platforms mainly accounts for minutes, hours, days, weeks, and months as time intervals.
The second-level K-line launched by MEXC has been designed to take into account “1 second” increments as the time period to provide a single candle chart, which reflects the transaction information in a more accurate manner, including the current price, transaction volume, and market depth. The launch of the second-level K-line can meet the more real-time and detailed trading information needs of ultra-short-term, higher-frequency, and higher-leverage trading customers, making the experience more intuitive.
As per the MEXC future documentation, second-level K-lines have now been added (as of October 25, 2022) to the BTC_USDT and ETH_USDT trading pairs, and second-level K-line charts for various other digital currencies will be supported soon.
MEXC future products were first launched in 2018. Then in June 2020, a large-scale update had been made to its crypto trading system, focusing primarily on enhancing optimization and updating from the aspects that clients are quite concerned about. For example, key upgrades to the trading system stability, overall depth, security risk control and user experience were peformed.
After a few years of regular technical upgrades as well as product enhancements, MEXC’s perpetual future liquidity has reached a fairly high level, now supporting around 169 crypto trading options and 179 trading digital currency pairs, with smaller price differences and greater depth.
MEXC has also launched an MX token fee deduction capability – which essentially means that
futures traders may also use the MX Token for the purpose of fee deduction, and avail a 10% fee discount.
As a comprehensive crypto trading platform for futures, spot, leveraged ETF transactions and staking services, MEXC’s global users have reportedly crossed the 10 million mark.
As per CoinGecko data, the daily trading volume of MEXC is around $1.72 billion, of which the daily trading volume of Bitcoin (BTC) is roughly $750 million.
As noted by its management, MEXC claims to be one of leading virtual currency trading platforms, providing one-stop crypto trading services for spot, ETF, futures, Staking, NFT Index, etc.
The trading platform’s core team has an extensive background in traditional finance, and has professional financial product logic and technical security guarantees in terms of crypto products and solutions.
MEXC now supports the trading of over 1,600 virtual currency pairs.
Was this writing helpful?
An Exclusive Experience, MEXC is Worldwide First To Launch Future Second-level K-Line Function
On October 25, the cryptocurrency trading platform MEXC upgraded the function of future products and launched the second-level K-line function. MEXC is the first cryptocurrency trading platform in the world to launch the future second-level K-line function.
Currently, the K-line chart of the future trading page on cryptocurrency trading platforms mostly accounts for minutes, hours, days, weeks, and months as time periods.
The second-level K-line introduced by MEXC takes into account “1 second” increments as the time period to generate a single candle chart, which reflects the transaction information in a more timely and intuitive manner, such as the current price, transaction volume, and market depth. The launch of the second-level K-line can meet the more real-time and detailed trading information needs of ultra-short-term, higher-frequency, and higher-leverage trading users, making the experience better and more exclusive.
According to the MEXC future information, second-level K-lines have been added to the BTC_USDT and ETH_USDT trading pairs, and second-level K-line charts for more currencies will be supported in the future.
It is reported that MEXC future products were launched in 2018. And in June 2020, a major upgrade was made to its trading system and products, focusing on optimization and upgrading from the aspects that users are most concerned about such as trading system stability, basic depth, security risk control and user experience.
After 5 years of continuous technical upgrades and product optimization, MEXC’s perpetual future liquidity has reached worldwide top 1, supporting 169 cryptocurrency tradings and 179 trading currency pairs, with smaller price differences and better depth.
A month ago, MEXC also launched a new MX token fee deduction function – which means future tradings can also use MX Token for fee deduction, and enjoy a 10% fee discount.
As a one-stop cryptocurrency trading platform for aggregate futures, spot, leveraged ETF transactions and staking services, MEXC’s global service users have exceeded 10 million as of September this year. According to CoinGecko data, the current daily trading volume of MEXC is about $1.72 billion, of which the daily trading volume of BTC is $750 million.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc.,and serving more than 10 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,600 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
FitR (FMT) Announces the List on Cryptocurrency Trading Platform MEXC
MEXC Global will list FitR soon, users are able to trade its native token FMT (FMT/USDT). According to public information, MEXC is one of the world’s Top 10 cryptocurrency trading platforms. The core products include spot trading, leveraged ETF, futures, NFT Index, etc. MEXC supports more than 1,500 cryptocurrency transactions and ranks first in terms of liquidity for Top 50 cryptocurrencies.
FitR /Fit-er/ is a decentralized social fitness platform with rich Gamification and unique Socialization features. Powered by AI technology, FitR provides a full range of indoor and outdoor exercises.
There are three core gameplay elements in FitR:
- Fitness and move to earn;
- Gamification Design and NFTs;
- Social interaction
FitR allows users to find their favorite exercises or discover challenging new exercises. The gamified design makes exercising fun. Users can perform cooperative challenges with friends and family in FitR or battle each other to make exercising competitive. Exercising with family and friends enhances relationships and improves everyone’s physical fitness. FitR also provides players the opportunity to make new workout friends from across their community and the world.
FitR has Launched multiplayer mode, which is something that has never been done by any Move-to-earn project. Multiplayer modes include Co-op, PVP, Ranked Match, and Community Leaderboard.
FitR introduces 2 types of NFTs –Equipment NFTs and Avatar NFTs. Players can purchase an Avatar NFT as their PFP and acquire and use Equipment NFTs that correspond to the specific exercise they are performing. Like a set of boxing gloves, a yoga mat, or a jump rope. After the NFT was released, the Highest floor price rose to about 2 BNB.
FitR has disclosed seed round investors for the project. According to the official social media, the list of investors includes Alpha Coin Fund, Avalanche Asia Star Fund, HashKey Capital, and Kucoin Ventures. The four investment VCs who mainly invest in Asian projects have a good reputation.
As an M2E project, FitR is friendly for non-crypto users to join and has made an innovation of online real-time social gameplay. FitR is also easy for users to invite friends and family to play and earn together. In the future, more functions will be launched,including a new exercise mode every month (Zumba coming up next), pet system, cosmetics in game by other NFT projects, AR football game, and social game modes(coaching and live streaming).
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
Aptos (APT), a famous public chain with Meta background, is now first listed on MEXC
October 19, 2022 – The latest news from Aptos indicates that it will launch the mainnet in the near future. At the same time, its mainnet token APT was announced by major mainstream exchanges before it was in circulation. The cryptocurrency trading platform MEXC listed the Aptos mainnet token APT at 00:45 on October 19 (UTC). It is the world’s first trading platform for Aptos.
The Aptos team will build its new Layer 1 blockchain based on the original Libra whitepaper. However, unlike Libra, the project will focus not on cross-border payments but on smart contracts.
Different from the current public chain such as Ethereum, Aptos inherits the underlying technical specifications of the Diem project, uses Move programming language and BFT consensus protocol, aiming to build a more scalable blockchain to meet the needs of billions of users and large enterprise customers, so as to carry out the storage and transaction of crypto assets in a convenient way.
Aptos’s development builds partly on technology that has been publicly developed at Diem over the past three years. The Move language is a brand-new development language focusing on the blockchain’s security, scalability, and upgradeability.
Earlier, Aptos stated in its medium that the original Diem team would try to restart the project in the form of Aptos, after Meta confirmed the sale of Diem-related assets.
Currently, representatives of new public chains using the Move language include Aptos, Sui, and Linera. The biggest feature of Move is security, which provides all-around security for smart contracts in terms of language, virtual machine, contract invocation, and contract operation. In terms of composability, Move also provides a better solution.
The data shows that under ideal conditions, the Aptos public chain can process 160,000 transactions per second in the future, and currently, it can process more than 10,000 transactions per second. As of now, more than 100 projects are under construction in the Aptos ecosystem, covering DeFi, NFT, GameFi, wallet, and other tracks.
According to public information, the development team of Aptos originated from Diem, the cryptocurrency project of Meta (formerly Facebook). Co-founder Avery Ching worked at Facebook for more than ten years as a chief software engineer and was the technical lead of the Novi team, the former Facebook-owned encryption platform.
Aptos previously raised $350 million in funding from a16z, Jump Crypto, Multicoin Capital, Coinbase Ventures, Binance Labs, and other institutions.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc., and serving more than 10 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia.” Currently, it supports the trading of more than 1,600 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. For more information, visit the website and blog, and follow MEXC Global and M-Ventures & Labs.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
MIRL Will Be Listed On The Cryptocurrency Trading Platform MEXC
MIRL will be listed on the cryptocurrency trading platform MEXC, and its native token MIRL can be traded on this platform. Public information shows MEXC is the world’s top 10 cryptocurrency trading platform. Its core products include spot, leveraged ETF, perpetual contracts, NFT Index, etc., and it supports over 1,500 cryptocurrency transactions. It ranks No.1 in the world in terms of liquidity among the top 50 coins by market capitalization.
MIRL is a Web3 project based on fashion wear. In addition to issuing MIRL tokens, it issues a series of NFT characters and launches a wearable device store, MIRL DAO.
NFT holders enjoy the purchase rights of physical wearables, access rights to functions, airdrops of works by collaborating artists, and airdrops of MIRL tokens. In addition, MIRL DAO is a decentralized protocol that supports fashion design, and NFT holders can also enjoy their MIRL DAO membership and participate in community governance.
MIRL brings the fashion industry into the metaverse through community-driven products, wearable NFTs, and talented designers. MIRL provides solutions that can help manage systemic problems in the current fashion industry model.
While fashion has yet to take its place in the current metaverse, the MIRL and FashionFi industries have the potential to grow by building peaceful, mutually beneficial relationships to foster a better and more accessible metaverse.
It is understood that all royalties from the Genesis NFT issued by MIRL and a portion of the profits generated by the MIRL e-shop will be fed back to the DAO, enabling other fashion designers to launch new collections for aspiring designers.
In addition to earning from the Genesis NFT secondary sale, the MIRL e-store, and the MIRL Collection partnership, the DAO will also be the recipient of all of MIRL’s other future business plans.
According to the data, MIRL was co-founded by designers from H&M, SHEIN, Yahoo, Google, and Nike, as well as people with relevant work experience who have certain expertise in the field of art and fashion.
MIRL’s partners and investors include Bybit, Mintable, CRC Capital, DAO VC, OXO Capital, MEXC, AVStar Capital, Solanium, Dexlabs, Vistalabs, Magnet Ventures, and other leading companies and mainstream investment institutions in the cryptocurrency field.
In the future, MIRL will develop a Wear2Earn fashion program, which allows community members to show their favorite fashion clothing or brands in the MIRL ecosystem and earn rewards through related scenarios. MIRL will also invite brands or vendors to participate in the MIRL community’s Wear2Earn program to increase its brand awareness.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
XEN Crypto Detonated the Crypto Market, Cryptocurrency Trading Platform MEXC Became Its Main Battlefield
Recently, a project called XEN Crypto suddenly detonated the crypto market. The mint of its token XEN attracted the participation of more than 364,114 wallet addresses and triggered a surge in Ethereum network gas fees for 2 consecutive days, reaching 200wei at one point on October 9. According to Ultrasound data, the ETH burned during the minting process reached 2,271 on October 10, accounting for 19.46% of the total burning of the Ethereum network on October 7.
At present, XEN has first launched on the cryptocurrency trading platform MEXC. According to the etherscan data of the Ethereum browser, as of October 10, the circulation of XEN in the entire network exceeded 183 million, and more than 68 million were deposited on MEXC, accounting for 37.36% of the current total. MEXC has not only become the most liquid trading platform for XEN in the entire network, but after XEN’s listing, it has risen from 0.0001USDT to a maximum gain of 0.018USDT, with the highest gain of 17900%.
According to the official information of XEN Crypto, XEN Crypto is a joint virtual mining project based on Proof of Participation. All XEN ecosystem participants can use Ethereum-compatible wallets to mint XEN.
The participation cost is only about 5USDT, and its token reward model is based on the number of participants and the locking time. XEN participants have the ownership of mining XEN. As the number of participants increases, the difficulty of mining increases. Then as the supply decreases, the locking period increases. The longer the locking period is, the more coins you can get.
According to the official website of XEN Crypto, the project initiator Jack Levin is an open-source technology expert who claims to be Google’s No. 21 employee (1999-2005).
Born in St. Petersburg, Russia in 1974, Jack Levin moved to the United States with his family in 1990 to study computer science at the University of Missouri. He played a key role in building the early Google infrastructure, which he is known in the tech industry as a serial entrepreneur building a string of startups and angel investors. He became interested in Bitcoin in 2010, and has been working in the field of encryption so far. Other members of the team include computer science, communications, software and product development, marketing and investment.
But then some XEN Crypto community members questioned the identity of “Jack Levin Google Employee 21.” Some analysts pointed out that Google’s No. 21 employee is not Jack Levin, but Marissa Mayer, who served as the CEO of Yahoo. However, the person named “Jack Levin” is indeed an early employee of Google, but his LinkedIn has not yet shown Jack Levin’s experience in XEN Crypto, whether he participated in the creation of XEN Crypto, and there is no actual evidence to prove it.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
MEXC Leveraged ETF Leads The Cryptocurrency Market As Its Liquidity Ranks First In The World
Crypto asset trades emerge one after another, and leveraged ETFs are becoming the next star product after futures. MEXC, the cryptocurrency exchange with the highest futures trading liquidity on the Internet, takes the lead again in the cryptocurrency market with leveraged ETFs.
Comparing the leveraged ETF depth indicators of trading platforms such as Binance, MEXC, Kucoin, Gate, and Huobi, and analyzing their leveraged ETF transactions of mainstream cryptocurrencies with the highest market cap, it is found that the top three platforms in depth performance are MEXC, Binance, and Kucoin. The data shows that in terms of the trading depth of BTC 3L, ETH 3L, LTC 3L, and EOS 3L, MEXC ranks first in the aspect of liquidity.
Taking BTC 3L as an example, the depth of 1% on MEXC is 14,403,439USDT; The depth of 1% on Binance, which ranks second, is 87,359.56USDT; And the depth of 1% on Kucoin, which ranks third, is only 48,479.6USDT. At this depth, MEXC has surpassed the sum of Binance and Kucoin, and the gap tends to widen.
Comparing ETH, LTC, EOS and other mainstream cryptocurrencies, it can also be seen that MEXC’s leveraged ETF trading has the best liquidity, and the depth of other trading platforms is much lower than MEXC. Meanwhile, according to cryptorank data, Binance’s 24-hour leveraged ETF trading volume was $23.67 million USD, accounting for 63.5% of the market; MEXC’s 24-hour leveraged ETF trading volume was $9.25 million USD, with a market share of 24.8%, ranking second.
The leveraged ETF was first launched by MEXC in November 2019. It is a perpetual leveraged product that magnifies the price change of the benchmarked asset, aiming to provide leveraged returns on the benchmarked perpetual futures. It can be understood as an exchange-traded fund with leverage multiples.
The trading rules of leveraged ETF products are as simple as those of spot products. It is not necessary to use part of the margin to occupy positions like futures. At the same time, it can achieve multiple gains and returns like futures, so it is favored by some investors with low risk appetite.
At present, each token on MEXC supports leveraged ETF trading of 3x long (3L) and 3x short (3S), and some mainstream cryptocurrencies also support 2x, 4x, or 5x leverage and the risk is controllable. For example, when you want to go 3x long for BTC, you only need to buy BTC3L/USDT; When you want to go 3x short for BTC, you only need to buy BTC3S/USDT; And when you want to clear the position, you only need to sell the corresponding position. Leveraged ETFs do not use margins to occupy positions and do not have liquidation rules, so there is no need to worry about the risk of liquidation.
Leveraged ETFs have a rebalance mechanism, and the compound interest effect is obvious. In the continuous rising/falling market, the daily profit will be automatically transferred to the position and reinvested to realize compound interest, and the profit will be higher than that of margin or futures products of the same multiple. At present, MEXC supports leveraged ETF trading of more than 300 cryptocurrencies such as BTC, ETH, DOT, ATOM, SHIB, DOGE, AAVE, CRV, etc. It provides the most cryptocurrencies on the Internet, allowing traders to have different choices in different trends or unilateral market conditions.
About MEXC:
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc.,and serving more than 10 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,500 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
M-Ventures Under MEXC Completes Brand Upgrade, With Capital Scale Reaching $200M
On Sept. 28, during the Token2049 event in Singapore, MEXC Exchange officially announced at the MEXC afterparty “M&M Launcher” that its fund was officially upgraded to M-Ventures and a new management team. The upgraded M-Ventures is a comprehensive fund committed to empowering innovations in the cryptocurrency field via strategic investment, mergers and acquisitions, funds of funds, and project incubation.
At the same time, the upgraded M-Ventures, as a new sub-brand, is affiliated with the MEXC Group and merges the original M-Labs and other diversified investment businesses to fully mobilize the group’s resources and cooperate with top-level partners in the industry. M-Ventures not only provides startup capital for global innovators and teams but also one-stop professional services ranging from project positioning, business cooperation and economic modeling to financing consulting, product marketing and project initiation.
At present, M-Ventures’ own capital scale has reached $200 million. Its core team has more than 10 people from leading institutions, such as McKinsey, Plug & Play, Binance and Huobi, with more than 10 years of experience in traditional financial institutions and the field of cryptocurrency, spanning the United States, Singapore, Hong Kong and other countries. Their expertise includes venture capital, equity investment, industry research, project incubation, product development and asset management.
In the past three years, M-Ventures’ portfolio has included dozens of outstanding projects, such as Polkadot, Avalanche, Manta, deBridge, Dorafactory, zCloak Network, Mina, Phantom, Raydium and Solanium. At the same time, it has also been an early investor and participant in Polkadot, Polygon, Solana, Near and other projects. It has successively established the Polkadot Ecosystem Special Fund and Solana Ecosystem Strategic Fund to support the sustainable development of the infrastructure ecosystem.
In the new round of the blockchain cycle, M-Ventures will mainly focus on three core sectors in the primary market: Web3, the new public chain ecosystem and infrastructure. Sistine, the investment manager of M-Ventures, expressed her views on the above three sectors:
- “The technical foundation and market acceptance of blockchain technology and cryptocurrencies have developed to the extent that they can support some Web3 applications, which will also be the gateway to lead more users into the Web3 field.”
- “There are many combinations of ‘security, scalability and decentralization,’ and other solutions outside the existing mainstream public chains are also worth exploring and putting in use.”
- “The cryptocurrency field as a whole is still in its early stage, and the construction and development of infrastructure is an eternal theme. Now is the best time for the industry to reflect, redesign and upgrade Infrastructure.”
Sistine said, “Our core logic in investment is that by consolidating infrastructure and focusing on projects that improve existing technologies and product frameworks in the blockchain field, we can deeply serve the current market share. At the level of expanding market boundaries, we focus on innovative projects that can lower the threshold in the cryptocurrency field and improve user experience to expand the potential, incremental market share.”
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
MEXC Users Surpass 10M, And a New Futures Trading Fee Deduction Is Launched
On Sept. 26, MEXC, the world’s leading cryptocurrency trading platform, announced that the number of platform users had surpassed 10 million. At the same time, MEXC also launched a new MX Token fee deduction scheme: Users can use the MX Token to deduct the fee for futures trading and can enjoy a 10% discount on spot trading. During the period from 10:00 on Sept. 26 to 10:00 on Oct. 2 (UTC+8), MEXC will also launch an event where futures traders can share a 20,000-Tether (USDT) bonus.
This is another core application scenario centered around the MX Token after the launch of the MX_USDT perpetual futures in July. So far, MX Token can be used to deduct the trading fee of spot, futures and other trades on the platform, and holders can also participate in various welfare activities such as Launchpad, MX DeFi, M-Day, Kickstarter and so on.
MX Token is proof of rights and interests issued in the MEXC ecosystem. It is a tradable encrypted digital proof of rights and interests and was first launched in 2018 with an initial supply of 1 billion.
On Dec. 31, 2021, after 38 repurchases, MEXC permanently burned a total of 450 million MX Tokens. Meanwhile, according to the MX Token 2.0 proposal, after being voted by the MX Token community, 100 million MX Tokens have been transferred to the black hole address again and permanently burned (these tokens were held by MEXC Foundation Reserve). After the burn, the total supply dropped to 450 million, 100 million of which are circulating on the secondary market.
As of July 31, 2022, through the latest repurchase and burn, the total supply of MX Tokens has reduced to 443,857,130, and the circulating supply has dropped to 93,857,130.
After repeated repurchases, burns and increasing application scenarios, the MX Token rose from a low of about 0.119 USDT to the peak of 3.7 USDT in the bull market from June 2020 to June 2022, with a maximum gain of 3,009%.
According to CoinGecko and Etherscan data, the price of MX Token is 0.98 USDT, its market cap is $98 million, and its total supply is 443,857,130.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, exchange-traded funds, futures, staking, NFT Index, etc. ,and serving more than 10 million users worldwide. The core team has a solid background in traditional finance and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the “Best Cryptocurrency Exchange in Asia.” Currently, it supports the trading of more than 1,400 cryptocurrencies and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
3A-Level Game Zalmoxis Landed On MEXC Launchpad — Hold 10 MX Or USDT To Participate
From 16:00 on Sept. 23 to 15:59 on Sept. 27 (UTC), the cryptocurrency trading platform MEXC will hold the latest event on its launchpad. The event project is Zalmoxis (KOSON), a AAA-level massively multiplayer online role-playing game (MMORPG) game developed by Wenmoon Studios Ltd.
It is known that MEXC’s launchpad is specially launched for MX holders, and MX holders can get the opportunity to participate in the project early. A total of 1 million KOSON will be released in this event, and the price will be 0.1 Tether (USDT). During the event, anyone with MX or USDT holdings of more than 10 USDT can sign up to participate.
The launchpad will still implement the sharing mechanism, and users can share KOSON by registering for this event. The maximum single exchange amount of KOSON is limited to 100,000 MX or 1,000USDT.
According to the introduction, Age Of Zalmoxis is a third-person MMORPG based on the Elrond blockchain built with Unreal Engine 5. The game is set in an ancient fantasy world inspired by European folklore with dungeons and thousands of quests. Players create characters and gain experience through combat, narrative content, events, crafting, dungeons and other means to grow and create a fantasy version of the kingdom of Dacia.
Players can obtain two different types of nonfungible token (NFT) characters for free from the marketplace or from guilds. Players can develop their game characters by gaining combat experience, creating different stories, winning tournaments and many other ways.
The game has two narrative models: adventures and organic content. The adventure narrative guides players to grow and obtain corresponding rewards according to the growth of the character; other players create unique new content through the newly generated content of the game. Players can also build different structures, such as castles, by acquiring a certain number of land plots. These can be used throughout the game or staked to generate tokens that drive the game economy.
In MEXC’s previous launchpads, several projects such as GameFi projects Genopets (GENE), CropBytes (CBX) and decentralized sharing platform Dtravel (TRVL) were launched. They all performed well after their launch on the secondary market.
In addition, according to the MEXC event announcement, KOSON will be launched on the secondary market after this event ends. KOSON’s trading and mining activities, namely the trade-to-earn mechanism, will be launched as well. During the event period, users who trade KOSON will receive KOSON rewards.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, exchange-traded funds, futures, staking, NFT Index, etc., and serving more than 10 million users worldwide. The core team has a solid background in traditional finance and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia.” Currently, it supports the trading of more than 1,400 cryptocurrencies and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
Ethereum Officially Enters The PoS Era, MEXC Is The First Exchange To Open ETHW Deposit
At 06:43 (UTC) on Sept. 15, 2022, Ethereum completed its merge at the block height of 15,537,393 and officially switched to the proof-of-stake consensus mechanism. From then on, Ethereum bid farewell to the seven-year proof-of-work (PoW) mini
At the same time, Ethereum had officially hard forked from Ethereum, retaining the PoW consensus. As the network token ETHW of the Ethereum forked chain, it has been actively opened for deposit and trading by various mainstream trading platforms.
At 15:20 on Sept. 15, MEXC opened ETHW deposits, which is the first cryptocurrency trading platform on the entire network to open ETHW deposits. According to the calculation of the ETHW deposit, only 49 blocks are needed to complete the deposit process, which is currently the fastest account deposit speed among trading platforms.
According to CoinGecko data, the real-time price of ETHW is 13.01 Tether (USDT), and the 24-hour trading volume reached $74.05 million. Compared with mainstream trading platforms, the comprehensive indicators of MEXC, FTX and Bybit are among the top three from the perspective of trading volume, depth and price difference. From the trading page of ETHW on MEXC, the absolute value of the price difference between bid buy and ask price is only 0.002, which is the smallest, and the trading volume and depth indicators perform better.
In fact, MEXC is not only the fastest platform to open ETHW deposits within a single day but also the first to announce its support for the Ethereum 2.0 mainnet Merge and the first to list Ethereum’s potential forked chain tokens.
According to MEXC’s announcement, MEXC has been supporting the trading of the “potential forked token ETHW” as early as Aug. 5. Currently, the token can be exchanged for ETHW, the real Ethereum network token. At the same time, the real Ethereum network token ETHW obtained outside the trading platform can also be deposited on MEXC for trading purposes.
It is understood that MEXC is a world-leading user-friendly cryptocurrency trading platform, providing one-stop services for trading spot, leveraged exchange-traded funds (ETFs), perpetual futures, NFT Index, etc. With over 7 million users worldwide, MEXC is also the cryptocurrency trading platform that owns the fastest launch of popular projects on the entire network and the most abundant tradable categories.
Also, according to CoinGecko data, MEXC currently supports more than 1,500 cryptocurrencies for spot trading, more than 120 cryptocurrency futures trading and more than 300 cryptocurrencies for leveraged ETF trading.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
Web3 Wallet Omni Raises $11 Million USD With MEXC Ventures’ Partnership – Coinpedia – Fintech & Cryptocurreny News Media
According to media sources, Web3 wallet Omni announced that it had completed an equity financing of $11 million USD at a valuation of $50 million USD in May this year. The investors included MEXC Ventures, a fund under MEXC, as well as the Spartan Group, GSR Markets, Eden Block, OP Crypto, and more.
What is Omni?
Omni used to be called Steakwallet and was founded by Serafin Lion Engel, Alex Harley and James Stackhouse. It has built-in liquidity and staking functions, and supports users to transfer tokens across chains.
At present, Omni has built smart contract middleware, which supports users to stake tokens through more than 20 protocols, and displays NFTs based on different blockchains on their mobile application. In the future, Omni will integrate into zkSync and StarkNet and more L2 networks.
“The primary hurdle that stands between users gaining access to the future of the internet, is ease of use. That’s why we built Omni: an incredibly easy-to-use Web 3 application that can do it all without sacrificing even a fraction of self-sovereignty,” Engel said in the announcement. “Especially after seeing the CeFi meltdown, we wanted to give users something that was as easy to use as CeFi, but 100% self-custodial and DeFi. And that’s what we’ve done with Omni.”
MEXC Partnership
MEXC Ventures, affiliated to the cryptocurrency trading platform MEXC, is a diversified fund dedicated to digital assets, cryptocurrency and blockchain and other technology industries. It is committed to helping entrepreneurs and teams in their long-term development and success in the blockchain industry by providing professional consulting services, technical and financial support.
The investment manager of MEXC Ventures said: “The future of blockchain is an organic ecosystem where multiple L1s and L2s intertwin. The wallet is the first step in the user’s web3 experience, and it is like a transportation hub. Thus, its ability to interoperate with each chain and layer smoothly is very important. Omni caters to the needs of the market and makes up for the shortcomings of current competing products. From a user experience point of view, it allows users to manage assets and interoperate contracts on each chain more conveniently.”
At present, MEXC Ventures has invested in blockchain infrastructure, DeFi, NFT, GameFi and other sectors. It has invested in more than 50 blockchain projects including Avalanche, Mina, Qredo, Polkadot, Manta, Dorafactory, Raydium, and many more.
Contact:
Company: MEXC Exchange
Name: Ming
Contact: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
MEXC Announces Support for LUNC Upgrade and Burning of LUNC Spot Trading Fees
In support of the burn tax proposal from the Terra Classic (LUNC) community, MEXC will launch a time-limited burning event for spot trading fees for LUNC/USDT and LUNC/USDC – Starting September 3, 10:00 to September 17, 10:00 (UTC).
MEXC is the first CEX to support the LUNC upgrade and burning proposal.
The actual trading fee received will be proceeded by MEXC and will implement secondary market buybacks on a daily basis. Also, on a daily basis, MEXC will make arrangements to send LUNC tokens obtained from the secondary buy back of LUNC to the official burn address that is provided by Terra.
Currently, MEXC ranks second for the LUNC burning, with 581,983,415.1228 LUNC buy back.
What is Terra Protocol?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payment systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Developments on Terra began in January 2018, and its official launch of its mainnet in April 2019. As of September 2021, Terra offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and intends to roll out additional options.
Rebranding of Terra
After the collapse of the stablecoin of the Terra ecosystem, the LUNA community has proposed various methods to rescue the Terra ecosystem. Among them, the passage of Proposal 1623 brought substantial progress to rescue the Terra ecosystem by creating a brand new chain and began to airdrop its new tokens to the users of the Terra ecosystem.
On May 28, 2022, the genesis block of the new chain was launched to conduct future transactions under the name Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic. The original native token LUNA has also been renamed as LUNA Classic (LUNC). After the tax proposal was released, the price of LUNC increased by 100%.
MEXC Global Initiatives
Three months ago, MEXC Global initiated another LUNA recovery plan by burning and buying back LUNA as well. Since then, LUNA hit the highest gain of 2,430%.
With much support, MEXC Global is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services such as Spot, ETF, Futures, Staking, NFT Index, etc., and serves more than 7 million users worldwide. Currently, it supports the trading of more than 1,400 cryptocurrencies. With the fastest listing speed, MEXC Global laid out the public chain sector from the very beginning.
As we undergo a bear market, MEXC Global offers zero fee for all spot trading pairs. As an exchange that keeps up with hot market trends, MEXC Global also supports Ethereum’s upgrade and its potential hard fork with a list of two “potential forked” ETH tokens.
While creating safe and reliable core products , MEXC Global has also launched Grid Trading, Trade Mining and other functional and incentive products suitable for users in combination with Web3 trends and user needs.
About MEXC:
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc., and serves more than 7 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,400 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and MEXC Research for more.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
MEXC Will List Web 3.0 Infrastructure Project Point Network on September 5
On September 5, the Web 3.0 infrastructure project Point Network (POINT) will be listed on the world-renowned cryptocurrency trading platform MEXC. The heading on the website is: “World’s First Full Web 3.0 Implementation”. What do they mean?
First, what is Web 3.0? At this time last year, a16z, Coinbase, and their counterparts had tried to define “Web 3.0”. The most popular streamlined definition is: “read+write+own,” which is relative to Web 2.0 and Web 1.0.
In 2014, Gavin Wood, the co-founder of Ethereum and founder of Polkadot, coined the term. In his own words, “Web3 is sort of an alternative vision of the web, where the services that we use are not hosted by a single service provider company, but rather they’re purely algorithmic things that are, in some sense, hosted by everybody… The idea being that all participants contribute a small slice of the ultimate service”
And the Point Labs’ definition is simple: “Web 3.0 is a decades-long dream of technologists about the next generation of the internet, designed to be without any central point of control on any level, and thus completely resistant to censorship and mass-surveillance. Bittorrent decentralized file sharing, Bitcoin decentralized money, and the real Web 3.0 is supposed to decentralized the rest of the internet.”
Unfortunately, Point Labs founders claim, people wishfully conflate the dream of Web3 with reality, as if it’s already here. Most of the “decentralized” applications are still relying on centralized infrastructure, such as domains, storage, SSL certificates, and so on. This has become obvious last month, from popular Ethereum gateway eth.link expiring, to curve.fi nameservers compromised, to the storm of news about Tornado Cash censorship by many dApps and projects that were supposed to be decentralized and uncensorable. In real Web 3.0, this could not have happened.
Point Network is a project designed for radical decentralization of every major component of the internet stack. It does not rely on centralized infrastructure, such as storage, domain names, etc, and instead uses decentralized alternatives for each layer: the .point domains are on Point Chain, the storage is on Arweave, and the native access is achieved by having their own web3 Point Browser, with Point Wallet integrated. On Point Network, developers can build decentralized identity solutions, decentralized social networking, and many other applications–the “Roadmap to Web3” vision scrolls many screens to the right.
According to the official information from Point Network, the backers of the project include Sino Global Capital, Arweave, FTX, Chorus Ventures,and Prycto, among others. POINT is a utility token, which is used for gas fees on this new network, but also can be applied to a variety of other web3 use casesFor example, it can be used to pay for native blockchain subscriptions to content creators, paid content on decentralized communities, as a micropayment for storage when uploading content, and so on.
They have just launched the mainnet on September 1, and trading of POINT starts on MEXC on September 5.
Curious? Find out more about what they’re doing at pointnetwork.io
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc., and serving more than 7 million users worldwide. The core team has a solid background in traditional finance and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia.” Currently, it supports the trading of more than 1,400 cryptocurrencies and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and MEXC Research.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
MEXC Firstly Announces ZERO Maker Fee Promotion for All Spot Trades
The leading digital asset and cryptocurrency trading platform MEXC firstly introduces 0 maker fee rate offering for all spot trading users from since August 31st. The 0 maker fee policy applies to all spot trading pairs on MEXC. This marks a ground-breaking level of user experience that has been brought to the crypto space for all traders.
For now, reports show that MEXC reaches a spot daily trading volume of $1.6B, and more than 1,500 trading pairs are listed on MEXC, according to CoinMarketCap. While the zero maker fee policy is introduced, more than 7 million users worldwide will benefit from the promotion in every single spot trading activity.
With the value of “Users first, Service foremost”, MEXC keeps making efforts and remains competitive regarding the user experience in the ever-changing cryptocurrency market, since founded in 2018. Especially over the past months, MEXC team has successfully pushed the boundaries forward. In April, MEXC firstly introduced the NFT Index product to help people around the world take part in NFTs more affordably. In August, MEXC introduced MX/USDT perpetual trading, and then launched trade mining feature on the platform, and more to come.
MEXC’s VP Andrew Weiner commented, “As the first exchange in the industry to announce zero maker fee for all spot trading pairs, MEXC continues to win supports and trust from our user community in every timing the market changes. We are dedicated to make the user experience more effortless and seamless.”
The promotion opens from August 31st 15:00 (UTC) until further notice. For more details, please stay tuned to MEXC website for official announcements.
About MEXC
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc.,and serving more than 7 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,500 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and MEXC Research.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.