Singapore, October 7, 2020 - MEXC Global ( www.mexc.com ), one of the world-leading global digital asset trading platforms, is preparing to tighten its relationship with the Polkadot team. As a Polkadot ecosystem development supporter, MEXC Global is considering establishing a special fund to support current and future PolkaProjects.
Polkadot is a rising star among blockchain ecosystems. Founded by the Web3 Foundation, Polkadot introduces a sharded protocol to let blockchains run in an interoperable manner. It is very different from Ethereum, even though both can coexist with ease. In fact, Polkadot was initially created by Dr. Gavin Wood, the co-founder of Ethereum, its Solidity programming language, and Parity Technologies.
By putting a strong focus on interoperability, instead of competition, Polkadot may elevate the blockchain industry to an entirely new level. It also facilitates easy innovation, as every developer can set up their own blockchain. All networks under this project's banner can complete tasks in parallel, allowing for smoother scaling.
MEXC Global positions itself as a proud supporter of blockchain development. As such, MEXC has become one of the node validators for ChainX, one of the hundreds of projects building on the Polkadot infrastructure.
ChainX is designed to make validators more scalable, and support inter-chain assets in a decentralized manner. Building the largest Proof-of-Stake network to date requires support from prominent industry participants. MEXC is the first major participant to openly pledge support to this PolkaProject.
Supporting ChainX and the broader Polkadot ecosystem helps strengthen the ties with MEXC. Both teams maintain a close relationship, as senior members of Polkadot are in close contact with MEXC's officials.
To further illustrate the importance of this relationship, MEXC has set up a dedicated fund to support current and future PolkaProjects. With dozens of services, products, and tools being built already, there is plenty of action to take note of.
This close collaboration between MEXC and Polkadot goes back a while. MEXC Global is the first trading platform who supports DOT claim, transfer and trade. Besides, MEXC actively cooperated with the Polkadot team for the DOT Split of 100X plan in August 2020. MEXC supports spot and margin trading, as well as leveraged ETF and contract trading, for assets such as DOT, KSM, EDG, and other blockchain-oriented assets and tokens. The projects building this infrastructure or enhancing it beyond what is currently possible are worth keeping tabs on. All of the main protagonists have made their way to MEXC in recent months.
Furthermore, MEXC was one of the first to support proof-of-stake through an exchange. This staking service has proven to be of great value to exchange users. Being able to store tokens and earn staking rewards through one platform offers a significant convenience advantage.
By actively supporting the building blocks of the blockchain industry, MEXC Global finds itself in a very strong position. maintaining close ties with Polkadot further affirms the company's vision to see this industry evolve into a mainstream technology.
About MEXC Global
Established in April 2018, MEXC Global is one of the world’s leading digital-asset trading platforms that 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.