📣MXC Will Add Support to AERGO/USDT Margin Trading

11:00 (UTC+8) October 22, 2020

🌟With 4x leverage available. Besides, the loan for AERGO is available, where the daily fee rate for both buying long and selling short is 0.05%.

🔺MXC has launched AERGO/USDT spot trading pair. Now both the margin and spot trading for AERGO/USDT are available. Welcome to trade.

More:https://support.mxc-exchange.com/hc/en-001/articles/360050910212
📣MXC Will List Internet Node Token (INT) on Innovation Board

Deposit & withdrawal: opened
Trading: 15:00 (UTC+8), October 22

INT/USDT trading pair

More:https://support.mxc-exchange.com/hc/en-001/articles/360050783332
MXC Will Launch KSM3L and KSM3S, RSR3L and RSR3S Leveraged ETFs

16:00 (UTC+8), Oct 22

▫️KSM3L - 3x leverage long for KSM
▫️KSM3S - 3x leverage short for KSM
▪️RSR3L - 3x leverage long for RSR
▪️RSR3S - 3x leverage short for RSR

The daily management fee rate for KSM3L and KSM3S is 0.3% each leverage, and for RSR3L and RSR3S is 0.4% each leverage.

More: https://support.mxc-exchange.com/hc/en-001/articles/360050914292
Daily Crypto news - Oct 22, 2020

1️⃣⁠Bitcoin blasts through $13K following PayPal’s entrance into crypto

News of PayPal’s coming support for crypto assets has triggered a rally in the markets, with Bitcoin trading above $13,000 for the first time since July.

https://ct.com/91r0

2️⃣Wall St drives PayPal to all time high on Bitcoin news

Mainstream investors apparently liked the company's turn towards crypto.

https://ct.com/91qs

3️⃣10% of Bitcoin's supply has been untouched for over 10 years: report

Around 1.8 million bitcoin have been dormant for over a decade.

https://ct.com/91q5

4️⃣⁠South Korean telecom launches blockchain wallet for official documents

South Korea's SK Telecom is issuing a blockchain solution for the storage and management of government certificates.

https://ct.com/91r7

5️⃣⁠⁠Shifting gears: Driving enterprise DeFi adoption through tokenization

Enterprise DeFi use could see a rise in 2021, but only if tokenization standards catch on with the mainstream.

https://ct.com/91pz
📣Announcement on the Temporary Suspension of BCH Deposit and Withdrawal Service

Due to wallet maintenance, MXC has paused BCH deposit and withdrawal. The trading will not be affected during the maintenance period. The service will be resumed as soon as the maintenance complete. We are sorry for the inconvenience caused.
📣MXC Will Launch KSMUSDT Perpetual Contract

16:30 (UTC+8), October 22

🌟 It will be available both on MXC APP and website.

More:https://support.mxc-exchange.com/hc/en-001/articles/360051417031
📣MXC Will List The Sandbox (SAND) on Innovation Board

Deposit & withdrawal: opened
Trading: 10:00 (UTC+8), October 23

🌟SAND/USDT trading pair.

More:https://support.mxc-exchange.com/hc/en-001/articles/360051185171
🌟Trading Contest for New Traders
💰1000 USDT
00:00, Oct 23 - 00:00 Oct 27 (UTC+8)


🧿Rules and Requirement
New Users who trade any supported tokens against the USDT trading market during the activity period will be ranked based on their trading volume. The top 10 users with the largest trading volume (meeting min trading volume) can share a super prize pool. Besides, there's a participation prize for traders.

Note: Existing users with no trading history are able to take part in this campaign

Details:https://support.mxc-exchange.com/hc/en-001/articles/360050943452
📣MXC 1st Session Margin DeFi Yield Mining Without Staking Assets Goes Live

00:00, October 24 - 24:00, October 27 (UTC+8); a total of 4 days

🎁The project for the Margin DeFi Yield Mining is Filecash (FIC). There will be USDT, BTC, ETH mining pools. In addition to the mining yield reward, miners who join margin trading during the yield mining period can share 50% margin trading fees, additional FIC token reward and 100 USDT margin trading voucher.

▶️Registration
Users who want to participate in the Margin DeFi Yield Mining shall register first via the form link below:
http://mxcfutures.mikecrm.com/r93Jb2w

‼️MXC reserves the right to set the cap of registrators or close the form based on the number of participants and the amount of mining yield.

🔺How to participate?
Registered users who make loans of specific coins (USDT, BTC or ETH) on MXC margin trading will be deemed to have joined yield mining activity successfully.

More:https://support.mxc-exchange.com/hc/en-001/articles/360050939272
📣MXC Will Upgrade BTM Wallet and Suspend BTM Deposit & Withdrawal Service

MXC will upgrade BTM wallet and suspend BTM deposit and withdrawal service at 14:00 (UTC+8), October 23. During the upgrade period, the trading for BTM will not be affected.

After the upgrade, users who deposit BTM shall generate new BTM deposit address. The old deposit address can still be used for deposit but we recommend users to generate the new deposit address to deposit. The old deposit address will be invalid two months later.

The upgrade is estimated to last 3 hours. We are sorry for the inconvenience caused.
Daily Crypto News - Oct 23, 2020


1️⃣⁠Ethereum set to become first blockchain to settle $1 trillion in one year

The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year.

https://ct.com/91x1

2️⃣⁠Funds locked in DeFi surge $1B as analyst tips post-election bull run

Crypto collateral locked in DeFi protocols has surged to an all-time high over $12 billion.

https://ct.com/91x2

3️⃣⁠PayPal rumored to be eying acquisition of crypto custodian BitGo

Shortly after it was revealed PayPal will launch crypto payments in 2021, rumors are circulating that the payments giant is looking to purchase a digital asset custodian.

https://ct.com/91we

4️⃣⁠Not everyone in the crypto industry is thrilled about PayPal's recent news

PayPal’s Bitcoin integration is “probably not because they want to spur healthy adoption,” explained SatoshiLabs.

https://ct.com/91vx
📣MXC Will Merge the Shares of LINK3S Leveraged ETF

Since the net value of leveraged ETF product LINK3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of LINK3S at 14:00 (UTC+8), October 23.

The 10 shares of LINK3S will be merged into 1 share. Consequently, the net value per share of LINK3S will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, the user’s total asset will stay the same after the merging.

Learn more about leveraged ETF, please visit:

1. What is "Share Merging Mechanism"
2. Guide for Leverage ETF
3. Leveraged ETF Lecture
4. FAQ for Leveraged ETF
📣Announcement on the Temporary Suspension of SOL Deposit and Withdrawal Service

Due to wallet maintenance, MXC has paused SOL deposit and withdrawal. The trading will not be affected during the maintenance period. The service will be resumed as soon as the maintenance complete. We are sorry for the inconvenience caused.
📣MXC Will List Loon Network (LOON) on Innovation Board

Deposit & withdrawal: opened
Trading: 15:00 (UTC+8), October 24

🌟LOON/USDT trading pair

More:https://support.mxc-exchange.com/hc/en-001/articles/360050979772
📣 MXC Will Launch LRC3L and LRC3S, TOMO3L and TOMO3S Leveraged ETFs

To meet the trading demand of various users, MXC will launch LRC3L and LRC3S, TOMO3L and TOMO3S leveraged ETFs at 16:00 (UTC+8), October 23. The details are as follows:

LRC3L - 3x leverage long for LRC
LRC3S - 3x leverage short for LRC
TOMO3L - 3x leverage long for TOMO
TOMO3S - 3x leverage short for TOMO
The daily management fee rate for LRC3L and LRC3S, TOMO3L and TOMO3S is 0.3% each leverage. It will only be charged at 00:00 SGT each day. If you do not have position at the timepoint, no fee will charged.

Learn more about leveraged ETF, please visit:

1. What is "Share Merging Mechanism"
2. Guide for Leverage ETF
3. Leveraged ETF Lecture
4. FAQ for Leveraged ETF
MXC Community Channel
📣MXC Will Upgrade BTM Wallet and Suspend BTM Deposit & Withdrawal Service MXC will upgrade BTM wallet and suspend BTM deposit and withdrawal service at 14:00 (UTC+8), October 23. During the upgrade period, the trading for BTM will not be affected. After…
The BTM wallet upgrade has completed and MXC has resumed BTM deposit and withdrawal service.

After the upgrade, users who deposit BTM shall generate new BTM deposit address. The old deposit address can still be used for deposit but we recommend users to generate the new deposit address to deposit. The old deposit address will be invalid two months later.