AMA RECAP : CRYPTO CHALLENGERS x MEXC GLOBAL
Venue : CRYPTO CHALLENGERS
Date :06 SEPT 2021
Time : 12:00 PM UTC.
Guest : Iris.L
They shared detailed information and his opinions about the project MEXC GLOBAL.
🔴 SEGMENT 1 INTRODUCTION.
1. Can you please introduce yourself as well as MEXC Global?
Sure! I'm Iris, the MEXC Global social media and community manager.
Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience.
Currently, MEXC Global has served around 6 million users in over 200 countries and regions. This achievement is a significant milestone, and the platform aims to become a go-to platform for new and experienced investors as they move forward.
2. I would love to know all features and services of MEXC Global and also tell us how MEXC Global is unique and better than others?
MEXC Global offers various features and services including Spots, Margin, ETFs, Futures, PoS Staking, MX DeFi, M-Day and C2C trading. Try them out on our official website: https://www.mexc.com/
As for how we are unique and better than others, there are a few reasons:
First, we always try to be as transparent as possible with our customers, and set goals that are both optimistic and realistic at the same time.
Second, the quality of service is our top priority, and as long as we can guarantee it, we are willing to experiment and bring new services, features, products, and alike.
Last but not the least, MEXC Global is known as the Crypto Gem Hunter - tokens that got listed on MEXC Global are more likely to be listed on top exchanges like Binance and Coinbase later on.
Here’s a graphic that listed out such tokens:
In a word - We have gotten far with this mindset, but we don’t plan to stop here!💪
3. Everyone is holding their assets in crypto wallets and don’t have trust in the security of exchanges. Tell us how secure and reliable MEXC is?
We have compliance licenses in five different countries, i.e, Switzerland, Canada, Australia, Estonia, and the United States, so our users know that it is safe to use our platform. And we are trying our best to obtain more licenses in more countries and regions.
MEXC Global offers a high-performance trading engine that developers with expertise in banking technology developed. The exchange completes 1.4 million transactions per second, which results in increased efficiency and enhanced performance.
In the interest of strengthening security and ensuring optimal data integrity, our server clusters are hosted independently in Singapore and Korea.
4. What’s the total supply of the MX token? Could you share the detailed tokenomics?
MX is the exchange token of MEXC Global.
With an initial circulating supply of 100,000,000, MEXC Global has been buybacking MX using 100% of the trading fees earned on spots and ETF trading since July 2019. Apart from that, we took the advice from the community and initiated a vote to burn 240 million MX that was not circulating last year.
The total supply of MX, for now, is about 608M after the burning, of which the team locked 450M as its treasury and FET locked 306.9M MX tokens. Thus the current circulating supply is 127.3M.
MX token has various use cases:
- Fee deduction
- Be qualified for M-Day & Space M token sales
- Stake MX to yield farm on MX DeFi
- Exchange governance
- Available on BSC & HecoChain
- Many more...
5. Please tell us about the goals you want to achieve this year. What is coming in the near future that will blow everyone’s mind?
There are a lot on our roadmap for the rest of the year and the coming year.
Plan for 2021:
- The Swiss site will be launched this year and it has full license to trade crypto and fiat. It will be a big achievement for MEXC.
- Obtain Singapore Payment service license for crypto exchange, so we could offer our service to Singapore customers.
- Joint-venture in cross-border remittance business, also aiming to obtain a major payment service license in - Singapore,, so could provide global remittance service to our customers.
- Global AML/CFT framework to be set up by this year, so as to enhance security and compliance.
Head up for 2022:
- Obtain capital market operation license in Singapore. So we could offer more attractive investment schemes and products to our VIP customers.
- Start to work with major payment service providers, like VISA, MasterCard, and Unionpay to provide more OTC service to our customers.
- Applying license in the US to offer more crypto derivatives products, like security tokens (STO), NFTs and DeFi, in global sites.
🟢 SEGMENT 2 TELEGRAM LIVE.
Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
MEXC Global is very friendly for beginners. THe registration process is easy and completely free.
We have beginners benefits where you complete a few tasks to receive bonus. Check out: https://www.mexc.com/beginner-mission.
Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
Sure. We are an exchange that is always happy to partner up with other projects. To name a few, mostly recently, we just announced our partnership with ApeSwap, Avalanche and DuckDAO, covering projects from different areas including DeFi, Public Chain and DAO.
As for the upcoming ones, please follow our twitter to get notified: https://twitter.com/MEXC_Global.
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
Yes. We have been buybacking $MX using 100% of the trading fees earned on spots and ETF trading since July 2019. Apart from that, we took the advice from the community and initiated a vote to burn 240 million MX that was not circulating last year.
Is there a limit to make a withdrawal in #MEXCGlobal or do you have to kyc first to withdraw funds in #MEXCGlobal?
There are different withdrawal limits depending on the level of your KYC.
You only have to KYC first to do C2C, fiat trading, or participate in the IEOs (M-Day) on MEXC Global.
What is your main aim of your project ? do you have any motivation behind it?
We aim to provide a most welcomed trading platform all over the world for traders - both beginners and professionals.
We achieved our par of goal — we are fully operational within 5 major markets, both in Europe and beyond, and we are constantly eyeing the expansion into other regions.
If you have any more questions, find us in these places: