Connect with us

Press Release

MXC Partners with Polygon, Stretches User Base to 5 Million Worldwide

Team Bitcoin Daily

Published

on

MXC Exchange has partnered with Polygon, formerly referred to as Matic, which is a platform for developing blockchain networks. The exchange has recently attracted a lot of attention, with a  daily trading volume of about $4 billion. As a result, it has earned a spot among CoinMarketCap’s top 80 best and largest exchanges. It also recently announced a collaboration with the Solana Foundation and OKEX to launch two new investment funds to support the Solana ecosystem. The goal of the Solana and Polygon partnership was always to cultivate close cooperation with some of the most exciting blockchain ecosystems.

Why Partner with Polygon?

There’s a lot attracting users to the MXC platform. Compliance licenses have been issued in five separate countries, so users know that the platform is safe. They also sell spot trading, leveraged ETF, options trading, and staking services in addition to these services. MXC also strives to be as open as possible to its customers and to set objectives that are both positive and practical. The Polygon project is one of the most recent attempts at interoperability which scaling blockchain and aims to overcome certain perceived shortcomings of interoperability initiatives such as Polkadot and Cosmos. First, the Ethereum virtual machine is compatible with those used to create Ethereum Apps and solidity programming; its competitor Cosmos uses a virtual WASM-based machine. In another case, the shared security model of Polygon is entirely optional; for additional security purposes, sovereign platforms do not have to lose any independence or versatility. It claims to be sufficiently versatile to provide any scalability solution—over and above existing plasma chains, ZK-roll-ups, and positive roll-ups. An overall image of the future can be deducted from the description done by the COO and Co-Founder of Polygon, Sandeep Nailwal –  “MXC is one of the world’s most innovative exchanges, and we’re pleased to closely collaborate with the team to make Layer 2 even more accessible through direct Polygon withdrawals/deposits and further research”

Building Through Polygon

With Polygon, developers may launch preset blockchain networks with their needs-specific attributes. Users can further customize it with a broader range of modules that enable developers to build sovereign, more functional blockchains. Chains started with Polygon are able, thanks to the arbitrary messages passing capacities of Polygon, to communicate with the other chain and the Ethereum. This ability will allow a range of new applications, including interoperable decentralized applications (dApps) and easy value exchange between various platforms.

Polygon Layers

The best way to define the polygon architecture is that it is a four-layer system composed of the layer Ethereum, the safety layer, the networks layer of Polygon, and the implementation layer. The Ethereum layer is a series of smart contracts on Ethereum. These smart contracts manage transaction finality, staking, and communication between Ethereum and the assorted Polygon chains. The security layer runs side-by-side with Ethereum and offers “validators as a service” to the chains to take advantage of an additional security layer. The Ethereum, as well as safety layers, are optional. In addition, two compulsory layers exist. The first is the Polygon network layer, the ecosystem of Polygon-built blockchain networks. Each has its community and is in charge of local consensus management and blocks production. The second is the execution level used to execute smart contracts by Polygon’s Ethereum Virtual Machine (EVM).

MXC to Continue Growing

With the addition of Polygon in its partnership boat, the exchange is headed for the moon. The price of Polygon Network’s MATIC scaling solution has risen to a record high above 60 cents for a fourth straight day. Layer two scaling projects like Polygon, which facilitates quicker and more affordable transactions using side chains that operate alongside the main chain, have increased demand for network overload and high-cost transactions on the Ethereum blockchain hence we can expect the exchange to keep growing.
As MXC CEO John Chen Ju very well pointed out: “MXC is continuously pushing boundaries, while holding on to its values and beliefs. Fruitful partnerships with valuable players of the crypto-sphere will drive the industry forward and only time will show the devotion and professionalism MXC continuously offers”

About MXC

Currently, MXC Exchange has around 5 million users in more than 70 countries around the world. 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. The exchange spreads across five countries, Switzerland, Canada, Australia, and the United States where it is fully licenced. MXC offers a high-performance trading engine that developers with expertise in banking technology developed. With every second reliability, the exchange alone delivers 1.4 million transactions and adds improved performance. Singapore and Korea host its server clusters. For more information about MXC, this ever-popular one-stop-shop for crypto exchange services, simply join any of the platforms on which MXC interacts with its community: Twitter, Facebook, Telegram or Instagram. You can visit these pages for further information on the platform.More details related to Polygon and it’s 2020 rebirth can be found on their official website or on any of the social media platforms on which they actively discuss with their increasing community: Telegram, Discord, Reddit or Github.

Continue Reading

Press Release

EXOLO’s Triple Success: Revolutionizing Crypto at Key 2024 Events

Crypto Chain Wire

Published

on

In a year marked by extraordinary advancements in the cryptocurrency sector, EXOLO has solidified its position as a frontrunner in innovation, security, and transparency. Their participation in three prestigious events – TOKEN2049 Dubai, Hong Kong WOW Summit, and Crypto Expo Dubai 2024 – highlights their commitment to transforming the digital finance landscape and showcasing pioneering security measures and transparent operations.

TOKEN2049: Pioneering Security in the Crypto World

TOKEN2049 was a significant milestone for EXOLO, held from April 18-19, 2024. The event attracted over 10,000 attendees from more than 4,000 companies worldwide. EXOLO’s booth showcased cutting-edge security technology through an engaging mind game, highlighting their 7-layer security system. EXOLO’s speaker’s address on the aftermath of the FTX collapse and the importance of “proof of reserves” resonated with the audience, emphasizing their dedication to transparency and security.

The event’s after-exhibition party, sponsored by EXOLO, was a perfect opportunity to deepen connections with industry leaders, including influential venture capitalists and Key Opinion Leaders (KOLs). EXOLO’s active participation underscored its role as a pioneer in integrating advanced technology with core financial principles.

Hong Kong WOW Summit: A Milestone in Web3 Revolution

Sponsoring and participating in the 2024 Hong Kong WOW Summit was a key milestone in EXOLO’s Web3 revolution journey. The summit provided EXOLO with an unmatched opportunity to engage directly with industry leaders, forge valuable connections, and showcase innovations. Their exhibition booth, a vibrant hub of engagement and excitement, drew attendees into a unique experience, reflecting the innovative spirit at the heart of EXOLO.

EXOLO’s speaker’s presentation at the summit delved into the evolving economy, institutional adoption of Bitcoin, and the implications of major crypto entities’ collapses, providing profound insights into the shifts and trends shaping the financial future. His interview highlighted EXOLO’s mission to innovate safely and transparently, celebrating the growing acceptance of crypto by once-skeptical institutions.

Crypto Expo 2024: A Showcase of Transparency

Crypto Expo 2024 brought together the brightest minds in the crypto universe. EXOLO’s booth, designed with a transparency theme, stood out for its cutting-edge security features and engaging interactions. Visitors praised EXOLO’s 7-layer security system and the proof of reserve consensus mechanism, which set them apart from other exchanges. The booth’s design and technology received huge compliments, reinforcing EXOLO’s reputation for prioritizing security and transparency.

A Unified Vision for the Future

EXOLO’s consistent performance across these events highlights their unwavering dedication to security, innovation, and transparency. By implementing a robust 7-layer security system and adopting the proof of reserve consensus mechanism, EXOLO ensures a secure and transparent platform for all users. These features, combined with their regulatory compliance, make EXOLO one of the most trusted crypto exchanges in the market.

About EXOLO

EXOLO is at the forefront of the cryptocurrency exchange industry, offering one of the most secure trading platforms worldwide. With advanced security measures and a strong emphasis on transparency, EXOLO is dedicated to providing a safe and robust platform for digital currency transactions. For more information, visit EXOLO’s website.

By excelling at these landmark events, EXOLO has solidified its reputation as a leader in the cryptocurrency exchange space. Their commitment to innovation, security, and transparency continues to drive them forward, ensuring they remain at the cutting edge of the digital finance revolution.

Continue Reading

Press Release

3000+ Attendees Hail Crypto Expo Dubai 2024 as a Resounding Success.

Crypto Chain Wire

Published

on

The highly anticipated Crypto Expo Dubai 2024 commenced with remarkable enthusiasm and energy, marking a successful event with more then 3000+ Attendees, 50+ Speaker, 50+ Sponsors. Industry leaders, innovators, and enthusiasts gathered at the event to explore the future of cryptocurrency and blockchain technology.

The Expo featured an array of influential speakers who shared their insights and visions, captivating the audience with their knowledge and experience. Notable speakers included:

  • Ahmed Elmetwally, CEO & General Director, Private Office of Sheikh Mohamed Bin Ahmed Bin Hamadan Al Nahyan, who delivered an inspiring keynote on the transformative power of blockchain in the UAE’s financial landscape.
  • Peter Peng, Founder & CEO of GPT Protocol, provided an engaging talk on the advancements in AI and blockchain integration.
  • Pekka Kelkka, Founder, web3 advisor, and educator at Papa Blockchain talked about in a panel Pushing the boundaries of Web 3 innovation – How to build a successful WEB3 brand – Digital Identity in Web 3.0: Privacy, Security, and Self-Sovereignty
  • Belal Jassoma, Director of Ecosystems at DMCC, discussed the pivotal role of Dubai in fostering a thriving crypto ecosystem.
  • Sasha Ivanov, Founder of Units Network, shared his vision for Re-staking and Endgame for Blockchain Scalability: extended consensus and proof of re-stake.
  • Arthur Azizov, CEO of B2Broker, highlighted the Revolutionizing Finance: The Power of Digital Assets in Brokerage
  • Serena Sebastiani, Director of Financial Services Advisory and Virtual Assets Consulting Lead at PwC Middle East provided expert insights discussed in a Panel about Blockchain Shaping the Future of Decentralized Technologies and Beyond.
  • Anton Patrynika, Founder of Haust, talked about DeFi Dilemmas: Navigating the Wild West of Decentralized Finance.
  • Myriam Ben Sayeh, Director of Product Management at Mastercard, discussed in a Panel about Blockchain Shaping the Future of Decentralized Technologies and Beyond.
  • Paul “The Profit” Dawalibi, CEO of Holodeck Ventures, captivated the audience with his strategies in a panel about Metaverse 2024: Forging the Route to a Novel Reality in Cultural and Entertainment Spheres
  • Max Lighter, General Manager MENA & CIS at XT.com, who delivered a keynote on Tokenization Revolution: Building Tomorrow’s Financial Landscape
  • Pratik Gauri, CEO of 5irechain, provided a visionary outlook on Blockchain for Sustainability: Exploring Decentralized Solutions in the Fifth Industrial Revolution

The exhibition floor buzzed with activity as attendees explored the latest innovations from leading exhibitors, including MULTIBNK, EXOLO, HASHAI, BST, and CRATD2C. These titans showcased cutting-edge technologies and solutions, further solidifying Crypto Expo Dubai as a premier event in the crypto space.

Highlights:

  • Inspiring Keynotes: Industry leaders presented groundbreaking ideas and future forecasts.
  • Innovative Exhibitions: Attendees engaged with the latest products and services transforming the crypto landscape.
  • Networking Opportunities: Professionals from around the world connected, fostering collaborations and partnerships.
  • Interactive Workshops: Participants gained hands-on experience and practical knowledge from experts in various fields.

George, chief operating officer at multibank.io commented, ” Our booth’s attracted substantial traffic despite the summer season, and the turnout has exceeded our expectations. This being our first expo, we’re eager to participate in future Crypto Expo Edition and see continued innovation in the expo experience.”

Bumi Kamesh Manchal, Head of Growth at EXOLO Commented “The organization of Crypto Expo Dubai 2024 was excellent. As a representative of Exolo, I had the opportunity to connect with fantastic people and potential partners. The event set a high standard for future expos, and we received an incredible response at our booth. I look forward to participating in future editions with my team.”

Charles Cieters, Co-Founder/Core BIZ ADV, CratD2C commented, we are very pleased with the event’s setup and the organization of our booth, which was exceptionally well managed. The management team was excellent, and we had great interactions with attendees. This being our second participation, we are definitely looking forward particate in future Crypto Expo editions.

Crypto Expo Dubai is a premier event that brings together the brightest minds and leading voices in the cryptocurrency and blockchain industries. Held annually in the vibrant city of Dubai, this expo serves as a global platform for industry professionals, investors, enthusiasts, and innovators to converge and discuss the latest trends, technologies, and developments in the crypto space.

For more information, visit https://cryptoexpodubai.com/ .

Continue Reading

Press Release

Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

Crypto Chain Wire

Published

on

Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project’s Twitter, where the team labeled the presale investors as ‘morons’.

“You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!” reads the tweet from Eddie Seal profile.

This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals.

The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos.

It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon.

The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at eddieseal.org or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc

X (Twitter) | Telegram | Instagram

Continue Reading

Trending