PRESS RELEASE. HanChain (HAN) went live on MEXC, a top 10 global cryptocurrency exchange, at 5:00 AM UTC on April 3, 2024. In addition to the listing, the HanChain project also launched its mobile staking version, coinciding with LBANK’s Grid Trading Competition and Flexible Staking Service. HanChain is a dual cryptocurrency project designed for real-life […]
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Seychelles-Based Crypto Exchange MEXC Rejects ‘Baseless’ User Asset Freeze Claims
The Seychelles crypto exchange MEXC has rejected claims it is unilaterally freezing users’ accounts or “wiping” out their profits. The MEXC team said it opposes ongoing attempts to defame its name and may resort to taking legal action.
Baseless Claims
The Seychelles-based cryptocurrency exchange, MEXC, has described allegations that it is unilaterally freezing users’ accounts as “baseless claims” being propagated by “individuals with ulterior motives.” In a statement, the MEXC team said it vehemently opposes attempts to defame it or disseminate false narratives and may institute legal proceedings against those behind the rumors.
The crypto exchange’s strong rebuttal of claims followed several media reports of disgruntled users, some of whom have accused MEXC of “wiping” out profits as well as the relevant trade history. One of the affected users claimed to have lost access to 92,000 in USDT stablecoins when the crypto exchange allegedly froze his account.
Sharing his ordeal on X (formerly Twitter), the user, who uses the name Vida, said subsequent attempts to recover the funds were frustrated by MEXC’s support team, which cited “abnormal trading activities” in the user’s account or associated accounts.
Users Urged to Refrain From Spreading False Information
However, in the crypto exchange’s Dec. 24th rebuttal of the claims, the MEXC team said it is still committed to users’ welfare. It also warned users to avoid spreading fake news about the crypto exchange.
“Since its establishment, MEXC has consistently upheld ‘Customer First,’ as its guiding principle. We are committed to safeguarding the interests of users and cultivating project partners. We sincerely appreciate the trust and support that our users have consistently placed in us. We encourage everyone not to blindly believe rumors and refrain from spreading false information,” the crypto exchange said.
It’s been 4 hours now and I’m still unable to withdraw any of my KAS, and that is after splitting my larger withdrawal request into smaller ones as the large one was cancelled for no apparent reason, all still processing without an ETA.
I’m at a loss as to what I should do.
— Nadav (@Eros280400) December 24, 2023
In another post on X, the MEXC team disavowed an account purporting to be that of its CEO and told users to verify news about it through official social media channels. Despite the crypto exchange’s assurances, some users continued to report unsuccessful withdrawal requests
What are your thoughts on this story? Let us know what you think in the comments section below.
INSR Token to be Listed on MEXC Global Exchange on August 7
PRESS RELEASE. MEXC is excited to inform that the revolutionary cryptocurrency INSR Token, aimed at providing secure investments on decentralized pre-sale platforms, will be officially listed on the MEXC Global Exchange on August 7. This listing represents an important milestone for the INSR Token project and a new step in our mission to provide the crypto community with a safe and transparent investment experience.
MEXC Global Exchange is a leading cryptocurrency exchange serving a global audience known for its powerful and user-friendly trading platform. Listing INSR Token on MEXC Global allows our community members to access INSR Token more easily and to trade INSR Tokens with high liquidity and efficiency.
Listing Details:
Trading Pair: INSR/USDT
Listing Date: August 7
At Insurabler, we believe this listing will further increase the visibility and adoption of INSR Token, thereby enabling more users to take advantage of our decentralized insurance ecosystem. The increased availability will contribute to the liquidity and growth of INSR Token in the global market.
Mr.Klaus, CEO of INSR, said, “We are delighted to collaborate with MEXC Global, a respected and dynamic cryptocurrency exchange, for the listing of INSR Token. This partnership will reach a wider audience and make INSR Token a key player in the crypto space. We continue to aim to instill trust and credibility in the crypto community.” said.
About Insurables
INSR is a leading blockchain-based platform dedicated to providing secure and innovative solutions for investors and cryptocurrency projects. With our team of seasoned experts and developers, we aim to foster trust, transparency and excellence in the decentralized financial space.
For more information on INSR Token and listing on MEXC Global, please visit https://insurabler.io/
Follow us on social media:
Twitter: https://twitter.com/insurabler
Telegram: https://t.me/Insurabler
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin Soars Over $25K, MEXC (MX) Rockets To All-Time High in 2023
PRESS RELEASE. With Bitcoin surging to reach a new 2023 high, MX has been the top performer in exchange tokens, with a 7-day growth of 32%.
Bitcoin’s price rising over ,000 has sparked a frenzy of activity in the cryptocurrency market. With investors flocking to take advantage of the price gains, the trading volume for top exchanges has significantly increased.
As one of the leading exchanges, MEXC announced that its futures business made a significant breakthrough, with an average daily trading volume growth of 1200%.
KEY FACTS
- BTC was recently trading at about ,247, rising 16.61% in 7 days. Bitcoin last traded over ,000 in June 2022.
- In the last two months, MEXC Coin (MX) has surged upwards, racking up an 81.82% increase and reaching a 7-month high of .44 on Feb. 16.
- MX is currently trading at .21 with a 24-hour trading volume of ,954,282.
WHAT IS PUSHING THE MX RALLY?
- As of September 2022, MEXC has exceeded 10 million users, and the platform’s cryptocurrency liquidity has already ranked first in the world. MEXC’s top ranking in liquidity is expected to drive up the MX price, as it increases investor confidence in its ability to manage risk and provide stability in the market.
- MEXC’s commitment to “User First, MEXC’s changing for you” has earned it recognition as one of the Top 10 Most Popular Cryptocurrency Services by Cloudflare. The ranking is widely considered the definitive report card on corporate influence worldwide, and also boosted the market recognition of MEXC and led to a surge in the price of MX.
- The MEXC Launchpad presents an exciting opportunity for holders of MX to receive airdrops during initial listings. Recently, the platform introduced its latest Launchpad Project, DeHeroGame, which is a pioneer in GameFi 2.0 and utilizes NFT TCG technology. This launch has sparked high demand for MX staking.
TANGENT
“We never stopped focusing on our customers throughout the general market’s up and down,” said Andrew Weiner, VP of MEXC. “an important part of backing our customers is giving them confidence when they trade, so we’ve reduced our trading fees to the lowest in the market.”
MEXC has recently announced revised fees for trading on its platform. The new fee structure includes a 0% maker fee and a 0.03% taker fee for futures trades. The maker fee for spots is also 0%, with a taker fee of 0.1%.
On average, cryptocurrency trading platforms charge a fee rate between 0.02-0.06%. Following this rate adjustment, MEXC has become the platform with the lowest trading fees across the entire industry. Without a doubt, such competitive price rates are very attractive to most cryptocurrency users.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
3air – Blockchain-based Connectivity and Global Economic Inclusion Solution Launches on MEXC Exchange Sept, 22nd
The 3air project aims to resolve the perennial issues that created and continue to contribute to the economic underdevelopment of many regions globally, starting with African cities. The project will launch on the global MEXC exchange on the 22nd of September, 2022 at 10:00 AM / 12:00 PM CET.
The project arrives at a pivotal time in global history when the world depends on connectivity for many reasons, including global economic participation. 3air leverages its novel wireless broadband Internet connectivity solution – K3 Last Mile – to provide stable internet connection in places where it was previously impossible using traditional methods. It also provides access to innovative financial and digital identification solutions available through the 3air platform.
3air’s success has come with the aid of an impressive list of partners and backers that have supported its growth in achieving its goal to foster global economic equality and access to financial opportunities using blockchain-based innovations.
3air raised more than .5 million from its Seed, Private, Public and IDO rounds.
3air’s native token (AIR) will be officially listed on the MEXC exchange on the 22nd of September, 2022, at 10:00 AM UTC / 12:00 PM CET.
The 3air Project
3air aims to connect people in African cities to the global economic ecosystem using its proprietary technology to bring affordable, high-speed, and stable broadband internet, digital TV, and IP telephony. 3air uses K3 Last Mile technology to provide up to 1 Gbps dedicated internet connectivity, over 150 digital TV stations, and IP telephony through the air. 3air’s blockchain-based platform will allow easy access to digital services, identity management, payments, and credit line building. Its native token, 3AIR, is currently available on BSC, with deployment on the SKALE blockchain in view. It will be used as the payment method for 3air’s digital services, including digital identities, internet broadband services, digital TV, and IP telephony.
The 3air project will be executed over three stages –
- The first stage is expanding throughout Africa, providing broadband connectivity to everyone, everywhere.
- The second stage is the implementation of the 3air platform. The platform will facilitate access to telecom services, identity management, payment solutions, and credit line building.
- The final stage involves leading the revolution within the telecom industry as the premier blockchain-based, decentralized, permissionless ISP platform, tokenizing bandwidth and other services. It also aims to facilitate secondary markets, improve security, roaming, IoT, and connect ISPs globally.
Providing Free Broadband Access Locally
The 3air project is progressing steadily towards its goal to provide the infrastructure to connect users in African cities to the internet at high speed and low rates.
As part of its development plan, 3air, in collaboration with K3 Telecom, installed its novel K3 Last Mile solution at Saint Joseph’s Secondary School (SJSS) to provide internet connectivity at the school. The project will provide a fast, reliable, and stable connection to access educational resources and growth opportunities more easily.
The SJSS internet connectivity project highlights 3air’s dedication to providing the infrastructure to improve the quality of opportunities throughout African cities, starting from Sierra Leone.
Launch on Synapse
The native token – AIR – opened on the Synapse Network. The IDO had an allocation of 000 at .065 price per token. It opened to the winners from the Gleam competition (50 winners) on Wednesday, 14th September at 09:00 AM UTC (11:00 AM CET). The FCFS sale for SNP stakers and the general public opened on Thursday, 15th September.
Token Launch
The 3air token’s launch is a few days away, and we are prepared for a monumental event in our roadmap. Our launch will happen on the MEXC exchange on the 22nd of September, 2022 at 10:00 AM (12:00 PM CET).
Our launch will mark the debut of the 3air platform along with its ecosystem of blockchain-based connectivity and financial solutions. The excitement is palpable within the 3air community, and our CEO, Sandi Bitenc, appreciates the support we have received so far.
“Counting is never fun, but counting down to our launch has been surreal. It is a lot of hardwork, but seeing our efforts over the last few years come together coupled with the support we’ve had so far has made the ride smoother than we could have thought. Under the proper conditions, blockchain technology can and will resolve the problems that underserved regions face, and we are excited to be leading this initiative in Africa. Our experience, proprietary technology, and ecosystem of partners combine to become the perfect solution for perennially underserved regions, and we are delighted to facilitate equal growth opportunities globally.” – Sandi Bitenc, CEO of 3air.
Learn more about 3air by visiting 3air.io or reading the documentation at docs.3air.io.
Two Months before World Cup, Fan Tokens Soar on MEXC Exchange
Fan tokens of leading football clubs in Europe are ripping higher and outperforming the broader cryptocurrency market, according to details on September 5, 2022.
Per statistics, fan tokens like $LAZIO, the fan token of Lazio football club in Italy, and $PSG of the Ligue 1 giant Paris Saint Germain, are defying gravity and have been posting double-digit gains in the last few trading sessions. Notably, $LAZIO dominates the leaderboard, surging approximately 50 percent in the previous trading week alone.
Considering fundamental factors and rising confidence by market analysts that the crypto winter might be coming to an end after nine grueling months, the fan token rally could just be getting started.
The pump in fan tokens’ valuation coincides with the resumption of the 2022/23 session in most top European leagues. These coins are purposefully designed to strengthen the ties between fans and the team. Partnering clubs are permitted to mint them on the dedicated Proof-of-Authority (POA) Chiliz network.
This way, fans can, at any time, purchase these tokens allowing them to participate in voting where they can decide on the color of their team’s jersey, friendly matches, or even win prizes. It is a well-thought idea that Socios, the team behind the Chiliz Network, first implemented and continues to revolutionize fan engagement, even presenting opportunities for traders on MEXC Global and other top exchanges.
In 2020, MEXC Global, a top cryptocurrency exchange with over seven million clients worldwide, began listing fan tokens. $LAZIO is one of the over 15 fan tokens available for trading on the exchange. As of September 5, 2022, $LAZIO was paired with the world’s most liquid stablecoin, USDT, allowing a quick way for traders to acquire the token in the secondary markets. Other fan tokens listed on the exchange include ACM, ALPINE, ASR, and POR.
Besides boosting the liquidity of fan tokens and creating a convenient way for fans or investors to get exposure to their clubs’ tokens, MEXC Global is at the forefront of driving their respective liquidity. Subsequently, these tokens become easier to trade, even for young fans. Considering how popular these tokens have been, MEXC Global has been evolving to meet the demand of its clients.
They have launched the Fan Zone for fan token traders. At the same time, MEXC Global allows the trading of leveraged ETFs of fan tokens. The derivatives product is a quick way for users to trade with leverage, quickly and safely. Like other leveraged ETF tokens available on the liquid platform, their pricing is unique. They are issued off-chain, meaning the high Gas fees on Ethereum can be avoided, a relief for traders.
MEXC Global Strikes A Partnership with Decentralization Upholders vEmpire DDAO
MEXC Global has joined hands with the democratic decentralized autonomous organization(DDAO) vEmpire, extending its reach into the DeFi market. MEXC, together with vEmpire, will work hand in hand to wage war on DAOs practicing centralization like the current Metaverse group.
vEmpire sets to launch its native token, VEMP, on the 31st of August. The launch follows the release of the Empire’s first 100 puzzle gaming NFTs, the Cataphracts, at the start of August. The project has also introduced another set of NFTs dubbed the Emperor’s Parchments. These
NFTs reward vEmpire users based on utilizing, interacting and supporting the Empire’s cause
MEXC Lights the Torch for vEmpire’s IEO
MEXC stands as one of the forefront exchanges set to oversee vEmpire’s Initial Exchange Offering. The Empire will leverage the exchange’s ever-growing platform to certify its position in the fight against centralization.
Furthermore, vEmpire plans to launch $VEMP via Unicrypt’s ILO, one of MEXC’s most formidable protocol partners. MEXC, together with Unicrypt’s resources, ensures a smooth trading experience for $VEMP holders for years to come.
vEmpire Puzzle Game & Invasion Causes a Media Frenzy
vEmpire’s puzzle NFT game has created quite the talk in the social media space. According to the project’s CEO Dominic Ryder, a series of letters and numbers were hidden in 99 of the first 100 NFTs released recently. The price floor of the first 100 NFTs released stood at 0.1ETH, these sold out quickly and were replaced by 100 different NFTs at a value of 0.15ETH. The CEO Dominic Ryder, aka Romulus, revealed that the letters and numbers inside these NFTs lead users to influencers on social media.
The influencers hold clues that unlock other clues, which ultimately unlocks a treasure worth about 1% of $VEMP’s total supply. This would make the prize worth ,000,000 at even half the size of MANA (Decentraland).
vEmpire recently took a spot among the top 10 trading NFT cards on Opensea.io. The future looks bright for early adopters of vEmpire as it is launching into a completely new unexplored frontier. vEmpire is the first protocol with the explicit intention of invading another. vEmpire plans to facilitate DeFi-esque staking of Metaverse tokens onto their platform and use those tokens to continuously “invade” by purchasing LAND in other projects. You can find out more in the whitepaper here.
MEXC Global: Expanding its Financial Service Provision Capabilities
MEXC Global’s partnership with vEmpire DDAO certifies its prowess as a global service provider. Moreover, MEXC believes in the essence of Decentralized Autonomous Organizations, which involves upholding true decentralization. Find out more about MEXC Global’s outreach here.