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MEXC Releases MX Buy-back & Burn Information of December, 2020

2021-01-02

Dear MEXCers: MEXC used the 100% profit from trading fees of July,2020 to buy back MX token from secondary market, and burned them on the last day of July according to the mode and schedule voted by MEXC communities since July, 2019. Meanwhile, the MX token that users used to deduct trading fee is also included in MEXC "Buy-back & Burn" program since November, 2019. Here are the specifics: A total of 8,518,413.71 MX token was burnt in December, 2020. Burn address: <a href="https://etherscan.io/tx/0x6f47afa3bd9e4dcb10c50474b42c9a4efca5fc52f6c7ade2805cff3f3d3673b3">https://etherscan.io/tx/0x6f47afa3bd9e4dcb10c50474b42c9a4efca5fc52f6c7ade2805cff3f3d3673b3</a> After burnt, the number of MX remained is 617,915,268.59 MX team (Locked): 450,000,000 MX FET (locked): 30,685,541.88 MX Current circulation: 137,229,726.71 MX Check address: <a href="https://etherscan.io/token/0x11eef04c884e24d9b7b4760e7476d06ddf797f36">https://etherscan.io/token/0x11eef04c884e24d9b7b4760e7476d06ddf797f36</a> 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 Jan 2, 2020

Auto Margin Addition Function

2020-11-22

#FAQ

<div data-page-id="doxusB2MeXllYHTzfRRD7lJGl2c" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-doxusKeSGIsg8oekoG2djNuKBSb"> 1.About Auto Margin Addition Function </div> <div class="ace-line ace-line old-record-id-doxusQoAsW04I2ccskt5JWeJ7ph"> <div data-page-id="ROICdNwf7oVcBwxO5RJuz3Lssve" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-FkMYdKyS4oWSoCxqEnRu6MNKszd">Auto margin addition is a function that allows traders to automatically add margin to their existing positions to prevent liquidation. Once the auto margin addition function is enabled, your available margin will be automatically added to your position when liquidation is about to be triggered.</div> <div class="ace-line ace-line old-record-id-Icy4d0KyYoQ0mQxWysGudg2vsld"> </div> <div class="ace-line ace-line old-record-id-Icy4d0KyYoQ0mQxWysGudg2vsld">The amount of margin automatically added each time is the amount of the position's maintenance margin. If the available margin is insufficient, the user's order will be canceled, as a preferred method, to release a certain amount of margin, and the remaining available margin will be added to the position's margin. Once margin is added, the liquidation price will deviate further from the fair price.</div> </div> </div> <div class="ace-line ace-line old-record-id-doxusKe8WmCgsegM02Ju1iGEYRc"> </div> <div class="ace-line ace-line old-record-id-doxusKe8WmCgsegM02Ju1iGEYRc"> 2.Formula for Auto Margin Addition </div> <div class="ace-line ace-line old-record-id-doxusEukm8Om8yGGmOs7cGhB3kg"> <div data-page-id="ROICdNwf7oVcBwxO5RJuz3Lssve" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-OSuidu0y4ow8ISxMlijuTJ9bsJb">a. USDT-M Futures:</div> <div class="ace-line ace-line old-record-id-TUqydsqCCo4coOxSkW5uAjS9sZg">Amount of margin automatically added each time = Entry price * Quantity * Size * Maintenance margin rate</div> <div class="ace-line ace-line old-record-id-QweGdMOG4osmgexyvtPupVpGsZi">b. Coin-M Futures:</div> <div class="ace-line ace-line old-record-id-UuEudyeOyomkWsxAV9VufzKKsqe">Amount of margin automatically added each time = Quantity * Size * Maintenance margin rate / Entry price</div> </div> </div> <div class="ace-line ace-line old-record-id-doxusSkissqcM0Q8MIB31d398Wg"> </div> <div class="ace-line ace-line old-record-id-doxus4cWySy60i8KmGApuisqf9c"> 3.Example (using forward contract BTC_USDT ): </div> <div class="ace-line ace-line old-record-id-doxuskaoaCk46MqE0KIH3jlqQzb"> <div data-page-id="ROICdNwf7oVcBwxO5RJuz3Lssve" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-D4wQd0K2WoME0Exea5FuIj0Ssae">A trader opens a long position of 5,000 cont. with 10x leverage when the price of BTC_USDT is 18,000 USDT. The estimated liquidation price is calculated to be 16,288.98 USDT, whereas the available margin the trader has is 50 USDT.</div> <div class="ace-line ace-line old-record-id-FaU2dUyMgooQgExgPb3uFiLhsbc"> </div> <div class="ace-line ace-line old-record-id-FaU2dUyMgooQgExgPb3uFiLhsbc">If the fair price falls to 16,288.98 USDT, which is the liquidation price, the auto margin addition process will take place in order to prevent the position from being liquidated. Based on the auto margin addition formula above, we calculate that the amount of margin to be added is 36 USDT, and the new liquidation price after margin addition is 16,188 USDT. By doing so, liquidation of the user's position can be prevented.</div> <div class="ace-line ace-line old-record-id-L8c0d2oQKoGAsKxGfsuuuW0vsc4"> </div> <div class="ace-line ace-line old-record-id-L8c0d2oQKoGAsKxGfsuuuW0vsc4">If the price of BTC_USDT continues to fall and reaches the new liquidation price of 16,188 USDT, auto margin addition process will take place again. However, this time, only the remaining 14 USDT of the available margin can be added. If the amount of margin to be added is lower than the available balance, the margin can be added as per usual. Otherwise, the remaining 14 USDT of the available margin will be added, and the new estimated liquidation price will be calculated.</div> </div> </div> <div class="ace-line ace-line old-record-id-doxusGiQ40oKYKcSOeGFJjlzwoe"> </div> <div class="ace-line ace-line old-record-id-doxuswC8yicCuekW0QxXUrc4bxf">4.Important Notes</div> <div class="ace-line ace-line old-record-id-doxusGa2gEOYwwM2uC09lU15Vvg"> <div data-page-id="ROICdNwf7oVcBwxO5RJuz3Lssve" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-CU6YdWyaQoIwAOxY59ouDU5gsxb">a. When liquidation is triggered, the system will first cancel all unfilled active orders to release more margin to prevent liquidation.</div> <div class="ace-line ace-line old-record-id-Eec8dWIuEomScIxw74AuwDqos7f">b. Auto margin addition is only effective in isolated margin mode. The function is not supported in cross margin mode.</div> <div class="ace-line ace-line old-record-id-EyuadkMAOoAwGsxSAGpuha1yscg">These rules are part of our platform's User Agreement and have the same legal effect as the User Agreement.</div> </div> </div> </div> <audio style="display: none;" controls="controls"></audio> <audio style="display: none;" controls="controls"></audio>

Easy Steps to Participate in MEXC 15th M-Day - ALPA Token Sale

2020-11-18

#Futures#Spot

The ticket claim for "MEXC 15th M-Day - ALPA Token Sale" will be started during 09:00 - 17:00 (UTC+8), November 19. The folllowing are the easy steps to join. Step 1. Entrance to claim the ticket Website: Homepage > Activity > M-Day <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231730963EH5UqsOfMrmE9h.png" alt="mceclip0.png" /> MEXC APP <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231732506pHfNonrtCxWH5k.png" alt="mceclip1.png" width="348" height="598" /> Step 2: How to Gain Eligibility to Claim the Draw Tickets? Two method: 1. Holding USDT 2. Accumulating trading volume for major cryptos Method 1: Holding USDT Users whose USDT holding amount meet the minimum requirement are eligible to claim the draw tickets. See the form below. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231733892wpvoc88g0t1QiQ.png" alt="1.png" /> Method 2: Accumulating Trading Volume for Major Cryptos Users who trade major cryptos during 17:00, Nov.17 - 17:00, Nov.19 (UTC+8) with minimum trading volume meeting the minimum requirement are eligible to claim the draw tickets. The major crypto trading pairs include: BTC/USDT, ETH/USDT, EOS/USDT, BCH/USDT, LTC/USDT, TRX/USDT, XRP/USDT, BSV/USDT, ETC/USDT, DASH/USDT, DOT/USDT, LINK/USDT See the form below: <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231735213Z0xIQJaQKGongS.png" alt="2.png" /> Participation prize: Users who haven't got any winning tickets in the draw can share the participation prize pool in proportion to the number of losing tickets respectively. Time schedule for ticket claim 1. Ticket claim period: 09:00 - 17:00 (UTC+8), November 19 2. Lottery draw time: 19:00 (UTC+8), November 19 3. Asset exchange time: 19:30 (UTC+8), November 19 Listing schedule of ALPA Trading: 11:00 (UTC+8), November 20 Deposit & withdrawal: 10:55 (UTC+8), November 20 Trading pair: ALPA/USDT Project introduction: Alpaca City is a virtual world built on Ethereum blockchain where users can manage their on-chain assets through collecting and breeding adorable Alpacas. Every Alpaca has varies genetic traits which not only make it unique, but also signifies its ability to generate yields. ALPA holders can use the token to breed Alpaca NFTs, voting for community governance, and spending in Alpaca City Ecosystem.

MEXC Partners with Simplex to Enable Onramps Globally

2020-11-11

MEXC prepares to increase its position in the market, following a strategic partnership with Simplex. In doing so, the company will lower the barriers to entry when it comes to onramps and support more currencies. <h3>MEXC Expands OTC Trading</h3> MEXC, one of the leading Asian cryptocurrency exchanges, acknowledges the potential of OTC trading. Focusing on this market segment can prove highly beneficial. Forging a strategic partnership with Simplex is a major milestone. Not only will this make MEXC's <a href="https://otc.mexc.com/trade/buy-usdt">OTC solution</a> more versatile, but it allows for introducing additional onramp services. For us at MEXC, it is crucial to cater to the needs of its users. Introducing support for additional currencies and adding more onramp services will elevate their over-the-counter segment to a whole new level. By taking steps like these, we can make cryptocurrencies more accessible to the broader public. As an EU licensed financial institution, Simplex provides global fraud-free payment processing, accepting a variety of payment methods to ensure partners enjoy a global reach with the highest conversion rates. Users enjoy the ability to easily capitalize on the markets, while Simplex partners like MEXC can enjoy the conversion-boosting flow, global support, security, and advanced risk-free screening methods, as well as full chargeback protection. <h3>Tapping Into the European Market</h3> Given Simplex's leading position in the global market, this partnership will help MEXC expand its reach across Europe. As Simplex is a licensed financial institution (EMI), MEXC can make full use of the firm's global reach and support for different payment methods and currencies, as well as various methods for onramps including bank cards, SEPA transfers, and more. The full suite of onramp methods are provided while reducing fraud, increasing conversion, providing stellar customer support, and providing zero fraud chargeback risk exposure. MEXC Operations Director Alex states: "At MEXC, we are constantly striving to expand our global reach and improve overall cryptocurrency adoption. This strategic partnership with Simplex will help us take our OTC trading service in Europe to the next level. We will continue to push the envelope to make Bitcoin as accessible as it possibly can be." “As a company we're driven to enable anyone, anywhere, to buy any digital assets or currency. We're excited to expand onramp methods for MEXC and enable greater access to the ecosystem for users globally”, - said Rachel Siegman, Head of Marketing at Simplex. More 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. Website: <a href="https://www.mexc.com/">https://www.mexc.com/</a> Twitter: <a href="https://twitter.com/MEXC_Global">https://twitter.com/MEXC_Global</a> Facebook: <a href="https://www.facebook.com/mexcglobal">https://www.facebook.com/mexcglobal</a> LinkedIn: <a href="https://www.linkedin.com/company/mexcglobal/mycompany/">https://www.linkedin.com/company/mexcglobal/mycompany/</a> <a href="https://helpcenter.mexc.am/hc/en-001/categories/360004383072" target="_self">Press Releases</a> More about Simplex: Simplex has been changing the status quo of crypto on/off ramps since 2014. As the market leader, we pioneered the first riskless global fiat onramp using a credit and debit card, which promises a zero chargeback guarantee. Simplex Banking offers the Simplex fraudless payment processing, with global payment accessibility. Working alongside the biggest names in the crypto ecosystem, Simplex provides the complete fiat infrastructure for the cryptocurrency ecosystem. As a licensed EU financial institution, Simplex was selected as one of the 10 most impactful companies in blockchain in 2020. Put simply, Simplex is making crypto accessible to all, turning the complex into the Simplex. Website: <a href="https://www.simplex.com/">https://www.simplex.com/</a> Twitter: <a href="https://twitter.com/SimplexCC">https://twitter.com/SimplexCC</a> Facebook: <a href="https://www.facebook.com/Simplex.cc">https://www.facebook.com/Simplex.cc</a> LinkedIn: <a href="https://www.linkedin.com/company/simplexcc">https://www.linkedin.com/company/simplexcc</a> Medium: <a href="https://simplexsolutions.medium.com/">https://simplexsolutions.medium.com/</a>

How to Get Referral Commission ?

2020-11-11

#Affiliate Zone

I. Website Step 1: Login your account, find the "person" icon at the upper right corner and click "up to 50% referral commission ". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232302758LcpHQnInZcvTi5.png" alt="mceclip0.png" style="max-width:100%;height:auto" />Step 2: The referral link, referral code and referral poster are available for your selection in the middle of the referral page. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232304236WcHmW9HZJ0K2Gm.png" alt="mceclip1.png" style="max-width:100%;height:auto" />Step 3: When the referee registers with your referral link, code or poster, you can receive a referral commission from every transaction made by your referee, which will be distributed on the next day, and the amount can be viewed on the referral page. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232305756WThw6RZx8rBLfT.png" alt="mceclip2.png" style="max-width:100%;height:auto" />II. MEXC APP Step 1: Find the "Person" icon on the upper left corner. Then, click "referral commission". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232307264tk3Ntc1zDXFmCJ.png" alt="mceclip3.png" width="271" height="469" style="max-width:100%;height:auto" /> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232308683RtzBmSnE2kvNXI.png" alt="mceclip4.png" width="271" height="471" style="max-width:100%;height:auto" /> Step 2: You can "Share Referral Poster" or "Share Referral Link" to your referee. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232310179lpbs1SGCY0wedr.png" alt="mceclip5.png" width="298" height="516" style="max-width:100%;height:auto" /> Step 3: When the referee registered by your referral link, code or poster, you can receive referral commission from every transaction made by your referee, which will be distributed on the next day. You can click "Record" to view your "invitation record" and "rebate record". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232311659lG3ZovqthitgbS.png" alt="mceclip7.png" width="282" height="486" style="max-width:100%;height:auto" /> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232313114upfFHeUx4oMEaz.png" alt="mceclip6.png" width="282" height="488" style="max-width:100%;height:auto" />III. Referral Commission Rules 1. The referral commission rate will be based on the referrer's MX Token position.1) MX position < 50,000, referral commission rate 20%;2) 50,000<= MX position< 100,000, referral commission rate 40%;3) MX position ≥ 100,000, referral commission rate 50%;4) MEXC community partner, referral commission rate 60% 2. The referral commission will be settled in USDT/<a href="https://www.mexc.com/price/ETH?utm_source=mexc&utm_medium=pageannouncement&utm_campaign=pagepriceeth">ETH</a>/<a href="https://www.mexc.com/price/BTC?utm_source=mexc&utm_medium=pageannouncement&utm_campaign=pagepricebtc">BTC</a> and returned to the referrer's account. That means, if the referee trades via USDT/ETH/BTC, the referral commission the referrer receives will be the USDT/ETH/BTC correspondingly. 3. The referral commission will be settled daily, and it will be distributed to the referrer's account on the next day. 4. Referral amount = trading volume * trading fee rate * referral commission rate 5. The referral relation will be valid during the activity period. 6. Deposit/withdrawal fees and margin trading fees are not included in the referral commission program. 7. There's no limit to the number of referees. MEXC reserves the right to amend referral rules at any time. 8. MEXC will strictly investigate duplicate accounts or fake accounts and will not pay commission once verified. If the referee violates the corresponding risk control rules, the referral commission will not be refunded to the inviter's account. At the same time, the invitation relationship of the invitee will become [invalid], and the commission will become [invalid rebate].