The Secret of the Surge of MXC Projects: Steadily Developing Products and Searching Projects with Potential
Recently, MXC Exchange projects are very popular. For the DeFi and Polkadot projects firstly listed on MXC Exchange, they have skyrocketed for several times or even hundreds of times for the past three months.
Taking the example of Aragon, ANT was listed on the innovation board of MXC on August 11 with the opening price of $2.28 USDT. On August 12, after OKEx’s announcement of listing ANT, its prices surged to $5.55 USDT, which was 2.43 times of the opening price.
It seems that an ‘MXC effect’ has been formed in this week. For the projects firstly listed on MXC Exchange, JST, YFI, NEST, BAL and other 17 popular projects have also been listed on Binance and Huobi. JST, NEST, BAL and YFI have increased by 47.02 times, 48 times, 14.55 times and 4.8 times respectively.
According to incomplete statistics, MXC Exchange has firstly listed more than 30 DeFi and Polkadot projects, such as YFI, NEST, COMP, AVA, STONK, OKS, DF, BAL, etc.
Among them, AVA landed in the assessment board on July 4, up 17 times in 32 days. JST landed in the 2nd session of SpaceM, up 30.83 times in 95 days. NEST landed in the innovation board on May 20, up 48 times in 81 days.
KSM and EDG were listed on December 2, 2019 and February 21 respectively. Till now, they have increased by 16.89 times and 12.7 times. The highest increase amount for DOT is 9.7 times.
Why projects on MXC surged? ‘MXC effect’ is not an accident.
Firstly, the improvement of DeFi infrastructure contributes to the DeFi projects’ increase. Secondly, MXC Global devotes to provide high-quality projects and keeps up with the market.
DeFi commits to improving its infrastructure in 2019. Thanks to this, it has ignited the explosion of three vertical ecosystems under current DeFi: DEX, synthetic assets, and mortgage plus leverage.
From the end of 2019 to now, MXC Global has upgraded margin and contract trading and other products while exploring potential projects of DeFi and Polkadot.
From the perspective of the timeline, MXC Global is almost the first trading platform to support KSM, EDG, YFI, NEST, COMP, AVA (Aava), OKS, BAL.
In early April this year, MXC Global has upgraded margin trading system and optimized core indicators such as quoted depth, position spread and matching efficiency. The new contract system was put into service at the beginning of June after two and a half years of debugging and testing.
Margin trading, leveraged ETF and contract trading all support the trading pairs of these popular tokens.
The increased amount of projects listed by MXC Global all surpass that of mainstream cryptocurrencies. For 17 projects including JST, YFI continue to rise after being listed by Huobi, Binance and OKEx.
The market and funds flow to DeFi. MXC Global performs well because it finds the projects with potential, and concentrates on developing products, which is also in line with MXC Global’s operation style.
