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MEXC Launches "MX DeFi" Yield Farming to Remain the top Centralized DeFi Token Supporter

2020-10-20

Singapore, Oct. 14, 2020 -- MEXC (<a href="http://www.mexc.com">www.mexc.com</a>), a leading and reputable cryptocurrency provider of the spot, margin, contract, leveraged ETF, index products, contract, PoS staking, and OTC services showcase its unique approach to decentralized finance (DeFi). The transition from traditional yield mining to MX DeFi has been incredibly successful, further illustrating the company's commitment to innovation. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232429426gk1ko8ZZXZYupe.png" alt="mceclip0.png" /> Source: <a href="https://www.mexc.com/mx-defi">https://www.mexc.com/mx-defi</a> <h2>MEXC is Ahead of the Rest</h2> The past few months have been incredibly exciting for anyone interested in decentralized finance, or DeFi. Many projects have been launched this year, and more of them are still in the pipeline. Numerous tokens obtained a listing on MEXC first (including PNK, COMP, LEND, POLS, and many others), as the company has beaten its competition hands-down in this segment. The tokens listed on MEXC ahead of platforms such as OKEx, Huobi, or Binance have all gone through significant value increases. This has been appreciated by the growing MEXC community. Ultimately, all other major exchanges listed the tokens as well, leaving less room for profit for enthusiasts. So far, MEXC has beaten its competitors to listing for over a dozen different DeFi tokens. That list will keep increasing as more time progresses. Keeping the finger on the DeFi pulse is crucial for any exchange trying to make a lasting impact on cryptocurrency enthusiasts. <h2>Supporting new DeFi Projects and Tokens</h2> Outperforming the competition requires an open mind toward new concepts and industries. MEXC has become one of the biggest service providers in Asia. Adding support for DeFi projects and yield farming to the growing list of services strengthens the company's position on the market. MEXC Vice President of Global Business <a href="https://twitter.com/katherinedeng6" target="_self" rel="noopener noreferrer">Katherine Deng </a>states: “We are always open-minded toward potential trends in the broader cryptocurrency and blockchain space. DeFi assets are in high demand, and we strive to offer our customers what they desire. This approach allows us to introduce clients to new DeFi projects and assets, all the while providing a safe yield mining environment. Our state-of-the-art Impermanent Loss Compensation ensures token volatility is never a concern.” As cryptocurrency enthusiasts actively seek out the next potential DeFi "unicorn", they need access to new tokens at an early stage. MEXC provides users with everything they need, as it removes the barriers to entry often faced when dealing with DEXes. This has resulted in a much higher trading volume on the platform, as well as a growing appreciation for the various DeFi efforts launched by the company. In turn, MEXC has already made the transition from yield mining to MX DeFi. Shifting the focus to a more accommodating and modern business model puts the platform several steps ahead of other exchanges. All aspects related to this transition - user feedback, lock-up funds, and overall social activity - confirm the switch to MX DeFi is exactly what the users wanted. <h2>MX DeFi is the Future</h2> To cater to the needs and wants of cryptocurrency enthusiasts, MEXC initially launched two yield mining projects. Both <a href="https://support.mexc.com/hc/en-001/articles/360049413892-Announcement-on-Yield-Distribution-of-FRONT-for-MEXC-1st-Session-New-Coin-Mining-">FRONT </a>and <a href="https://support.mexc.com/hc/en-001/articles/360050305471-MEXC-2nd-Session-Yield-Mining-Goes-Live-Stake-MX-to-Mine-POLS">POLS</a>, which were supported by this exchange well before anyone listed them - saw plenty of enthusiasm from community members. The yield mining projects turned out to be a huge success, but MEXC noted there was room to take things one step further. Ever since MX DeFi has been introduced, the increase in locked-up funds has been notably higher. New projects such as <a href="https://www.mexc.com/mx-defi/list">DeFiner, Chicken Finance, and BTCTRON</a> have all seen ample liquidity support. Combined totals for these three projects top $20 million, with BCTRON reaching its cap of 6.4 million USDT within the first 30 minutes. A further testament to how MX DeFi is shaping the future of decentralized finance yield mining. What’s more, the BTCTRON mining project is supported by Tron Foundation official. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232430986mZUEEcbdjX7fJY.png" alt="mceclip1.png" /> Source: <a href="https://twitter.com/MEXC_Exchange/status/1316055818546999296">https://twitter.com/MEXC_Exchange/status/1316055818546999296</a> Further, MEXC is the world's first to enable $BTCTRON deposit & withdrawal service, which is also re-tweeted by Justin Sun, founder of the TRON and current CEO of BitTorrent. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232432487FjzhU6VwvDrXx2.png" alt="mceclip2.png" /> Source: <a href="https://twitter.com/justinsuntron/status/1316067649420357632">https://twitter.com/justinsuntron/status/1316067649420357632</a> Giving users different choices and options is what decentralized finance is all about. Through MX DeFi, users can mine BTCTRON - a TRC-20 tokenized version of Bitcoin - as well as KFC and FIN tokens. All they need to do is lock their MX, USDT, or ETH assets in the pool. None of the DeFi assets has a hard cap, allowing for users to earn unlimited rewards. All locked tokens can be withdrawn in a flexible manner. On that topic, MEXC users can benefit from MX DeFi and yield farming without worrying about price drops. If the mined token drops in value, users will be covered by MEXC's Impermanent Loss Compensation. In short, the company offsets profits or covers outstanding losses through its standby fund. MEXC is the only trading platform offering such lucrative yield farming options to its users. The company's mission is to empower the user first and foremost. MEXC Vice president of Global Operations <a href="https://twitter.com/Alex0627">Alex </a>adds: “At MEXC, we are 110% committed to providing our users with the best and safest trading experience. Decentralized finance is the most popular trend in cryptocurrency right now. Our dedication to supporting up-and-coming projects creates a win-win-win situation for us, our users, and the innovative DeFi projects.” About MEXC Established in April 2018, MEXC is one of the world’s leading digital-asset trading platforms which offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks.

MEXC Fully Supports Polkadot's Ecosystem Development

2020-10-10

Singapore, October 7, 2020 - MEXC ( <a href="http://www.mexc.com" target="_self" rel="noopener noreferrer">www.mexc.com</a> ), one of the world-leading global digital asset trading platforms, is preparing to tighten its relationship with the Polkadot team. As a Polkadot ecosystem development supporter, MEXC is considering establishing a special <a href="https://medium.com/@topia_block/MEXC-global-announced-the-establishment-of-polkadot-ecological-special-fund-57b489a26c2d">fund</a> to support current and future PolkaProjects. Polkadot is a rising star among blockchain ecosystems. Founded by the Web3 Foundation, Polkadot introduces a sharded protocol to let blockchains run in an interoperable manner. It is very different from Ethereum, even though both can coexist with ease. In fact, Polkadot was initially created by Dr. Gavin Wood, the co-founder of Ethereum, its Solidity programming language, and Parity Technologies. By putting a strong focus on interoperability, instead of competition, Polkadot may elevate the blockchain industry to an entirely new level. It also facilitates easy innovation, as every developer can set up their own blockchain. All networks under this project's banner can complete tasks in parallel, allowing for smoother scaling. MEXC positions itself as a proud supporter of blockchain development. As such, MEXC has become one of the node validators for ChainX, one of the hundreds of projects building on the Polkadot infrastructure. ChainX is designed to make validators more scalable, and support inter-chain assets in a decentralized manner. Building the largest Proof-of-Stake network to date requires support from prominent industry participants. MEXC is the first major participant to openly pledge support to this PolkaProject. Supporting ChainX and the broader Polkadot ecosystem helps strengthen the ties with MEXC. Both teams maintain a close relationship, as senior members of Polkadot are in close contact with MEXC's officials. To further illustrate the importance of this relationship, MEXC has set up a <a href="https://medium.com/@topia_block/MEXC-global-announced-the-establishment-of-polkadot-ecological-special-fund-57b489a26c2d">dedicated fund</a> to support current and future PolkaProjects. With dozens of services, products, and tools being built already, there is plenty of action to take note of. This close collaboration between MEXC and Polkadot goes back a while. MEXC is the first trading platform who supports DOT claim, transfer and trade. Besides, MEXC actively cooperated with the Polkadot team for the DOT Split of 100X plan in August 2020. MEXC supports spot and margin trading, as well as leveraged ETF and contract trading, for assets such as DOT, KSM, EDG, and other blockchain-oriented assets and tokens. The projects building this infrastructure or enhancing it beyond what is currently possible are worth keeping tabs on. All of the main protagonists have made their way to MEXC in recent months. Speaking of the exchange itself, MEXC was the first to list <a href="#KSM_USDT">KSM </a>and <a href="#DOT_USDT">DOT </a>in 2019. Many of its users were able to access these assets before they got listed on other trading platforms. Furthermore, MEXC was one of the first to support proof-of-stake through an exchange. This staking service has proven to be of great value to exchange users. Being able to store tokens and earn staking rewards through one platform offers a significant convenience advantage. By actively supporting the building blocks of the blockchain industry, MEXC finds itself in a very strong position. maintaining close ties with Polkadot further affirms the company's vision to see this industry evolve into a mainstream technology. Learn more about Polkadot: <a href="https://blog.mexc.com/what-is-polkadot-dot/" target="_blank" rel="noopener noreferrer">What is Polkadot (DOT)</a> Learn <a href="https://www.mexc.com/articles/how-to-buy-dot" target="_blank" rel="noopener noreferrer">How to Buy Polkadot (DOT)</a> About MEXC Established in April 2018, MEXC is one of the world’s leading digital-asset trading platforms that offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks.

MEXC Offers Industry-first Impermanent Loss Compensation for DeFi Mining

2020-10-08

Singapore, Oct.7,2020 - MEXC (www.MEXC.com), one of the world-leading global digital asset trading platforms, is raising the bar with its new DeFi mining product. Introducing impermanent loss compensation for all users is an industry first. The product reached its 1,000 ETH hard cap within 30 seconds, primarily thanks to this unprecedented protective measure. MEXC is one of the many exchanges that sees merit in decentralized finance or DeFi. This industry is still in the early stages of development, allowing for many unique services to be launched in the coming years. The exchange is paving the way for such innovation in the form of<a href="https://www.mexc.com/pos/list"> EQL</a>, its new DeFi mining product. Following the announcement of this service, it took mere seconds to reach the 1,000 ETH hard cap. This confirms <a href="https://www.mexc.com/price/ETH?utm_source=mexc&utm_medium=pageannouncement&utm_campaign=pagepriceeth" target="_blank" rel="noopener noreferrer">Ethereum</a> users remain the primary user base for DeFi products and services. A big part of this success can be attributed to the impermanent loss compensation offered by MEXC. Should the liquid mining project suffer a significant drop in value, users will not lose any funds contributed initially. Instead, MEXC will either offset the profits or cover any outstanding losses through its standby fund. This service has never been provided in the cryptocurrency or DeFi world before, further affirming MEXC's status as a leader in the industry. MEXC Operations Director Alex adds: “The launch of EQL DeFi mining is something we have been working on behind the scenes for a while. We are especially proud to become the first to offer impermanent loss compensation to all of our participating users, which can bring our users unprecedented peace of mind while engaging in DeFi-related activities. At MEXC, we will continue to provide valuable services and products related to decentralized finance over the coming months.” Catering to the Ethereum holders,<a href="https://support.mexc.me/hc/en-001/articles/360050543651-MEXC-Launches-EQL-DeFi-Mining-Product;"> EQL</a> can be mined by locking Ether into a contract. There is a hard cap of 1,000 ETH, with the entry standard of 0.05 ETH. Participants can expect an annualized yield rate of up to 100%, but the minimum threshold sits at 20%. Locking up funds is subject to a minimum threshold of five days. Distribution of mining yields will occur in either EQL or Ether assets. This will come down to the current market conditions at the time of the distribution. Tokens will unlock automatically after their maturity period has concluded. Given the massive interest in EQL DeFi mining, it is evident MEXC is on the right path. Exchanges need to push the boundaries of integrating or creating decentralized finance solutions. EQL serves as an interesting example of what can be achieved in this relatively new industry. Demand for impermanent loss compensation is likely to become more apparent following this successful venture. About MEXC Established in April 2018, MEXC is one of the world’s leading digital-asset trading platforms which offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks.

Announcement on listing CyberVein (CVT) - Join Light-up and Trading Contest to Win 128,000 CVT Prize

2020-10-06

#Spot

Dear users: MEXC listing CyberVein (CVT) on the mainboard, and open trading for CVT/USDT trading pair. Meanwhile, light-up and trading contests will be held with 128,000 CVT prize giveaway has ended successfully. The list of ranking awards is now announced as follows: 【CVT Trading Competition-Trading Ranking Award】 <table width="729"><tbody><tr><td width="80">Ranking Volume </td><td width="251">Account </td><td width="137">Trading volume</td><td width="261">Reward（CVT）</td></tr><tr><td>1</td><td>97****04@qq.com</td><td>1866945.70</td><td>8000.00</td></tr><tr><td>2</td><td>27****05@qq.com</td><td>920356.57</td><td>6000.00</td></tr><tr><td>3</td><td>26****25@qq.com</td><td>830621.32</td><td>4000.00</td></tr><tr><td>4</td><td>ba****iu@sina.com</td><td>806796.86</td><td>2841.65</td></tr><tr><td>5</td><td>t1****po@163.com</td><td>663265.11</td><td>2336.11</td></tr><tr><td>6</td><td>79****89@qq.com</td><td>502361.87</td><td>1769.39</td></tr><tr><td>7</td><td>li****sz@139.com</td><td>478092.84</td><td>1683.91</td></tr><tr><td>8</td><td>13****10@139.com</td><td>374143.76</td><td>1317.79</td></tr><tr><td>9</td><td>18****83@qq.com</td><td>312068.24</td><td>1099.15</td></tr><tr><td>10</td><td>78****79@qq.com</td><td>270291.62</td><td>952.00</td></tr></tbody></table> Congratulations to the above users for winning CVT rewards. In addition, due to a large number of participants, we did not show the rest of the winning users, the rewards will be issued within 3 days. For the winning users, please go to [Assests]-[Fund History]-[Other Records] to check your rewards <div>[Light-up plan]</div> <div> </div> <div>The number of participants in the lighting program far exceeds the number of winners. MEXC has screened the participating users' award qualifications according to the submission time sequence. Due to a large number of winners and limited space, we will not post all winners here The reward will be issued to your account within 3 days. For the winners, please check your rewards on your account.</div> <div> </div> <div> </div> <div> </div> <div> </div> <div>Thank you for your support of this event.</div> <div> </div> <div>For details of the event announcement, please see: <a href="https://support.mexc.com/hc/en-001/articles/360049709972-MEXC-Will-List-CyberVein-CVT-Join-Light-up-and-Trading-Contest-to-Win-128-000-CVT-Prize">https://support.mexc.com/hc/en-001/articles/360049709972-MEXC-Will-List-CyberVein-CVT-Join-Light-up-and-Trading-Contest-to-Win-128-000-CVT-Prize</a> </div> Find us on: Telegram: <a href="https://t.me/MEXCEnglish">https://t.me/MEXCEnglish</a> MEXC trading: <a href="https://t.me/MEXCtrade">https://t.me/MEXCtrade</a> Twitter: <a href="https://twitter.com/MEXC_Exchange">https://twitter.com/MEXC_Exchange</a> <a href="https://twitter.com/MEXC_Fans">https://twitter.com/MEXC_Fans</a> Reddit: <a href="https://www.reddit.com/r/MEXCexchange/">https://www.reddit.com/r/MEXCexchange/</a> Facebook: <a href="https://www.facebook.com/MEXCexchangeofficial/">https://www.facebook.com/MEXCexchangeofficial/</a> Discord: <a href="https://discord.gg/zu5drS8">https://discord.gg/zu5drS8</a> Register an account of MEXC here: <a href="https://www.mexc.com/auth/signup?inviteCode=12wvM">https://www.mexc.com/auth/signup?inviteCode=12wvM</a> Enjoying your trade on MEXC. The MEXC team October 6th,2020

MEXC Futures Tiered Fee Rates

2020-09-14

#FAQ#Trading Fee

In order to reduce transaction fees, provide a better trading experience and reward active traders, MEXC Futures implemented a tiered fee rate starting at 16:00 (UTC+8) on October 14, 2020. The details are as follows: <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231805483FdPBCVd43bLamM.jpg" alt="_en.jpg"> Note: <ol> <li>Trading volume= opening + closing (all contract types).</li> <li>Trader level is updated every day at 16:00(UTC) according to the user's Futures account wallet balance or the user's 30-day trading volume. The update time may be slightly delayed.</li> <li>When the contract fee rate is 0 or negative, the contract fee discount will not be used.</li> <li>Market makers are not entitled to this discount.</li> </ol> These rules form part of the platform user agreement and have the same legal effect as the user agreement.