MEXC Activated the "Investor Protection Fund" in Response to the Dragoma (DMA) Incident, and Launched the "Potion" Airdrop Compensation Benefits

Dragoma (DMA), a Polygon Network ecosystem project, saw unusual price changes after its launch on MEXC a few days ago, falling significantly from 0.85USDT. Due to irregular on-chain transactions, MEXC instantly ceased DMA/USDT trading on August 8th.

Although MEXC promptly published an emergency plan and suspended relevant trading activity, it is understood that some users suffered losses as a result of the incident.

MEXC has withdrawn funds from the “MEXC Investor Protection Fund” to purchase USTD medication airdrops for affected consumers in order to minimize users’ losses.

Users who exchanged DMA/USDT on MEXC between 21:00 on August 7th and 09:20 on August 8th will be eligible for this “USDT Airdrops Program,” according to the appropriate compensation benefits conditions. MEXC has now finished the delivery of compensation benefits to all of the aforementioned affected users.


MEXC Global


MEXC, which was founded in April 2018, now offers one-stop services such as spot, contract, leveraged ETF, NFT index, and so on. It is presently the world’s top ten bitcoin trading platform. MEXC established the “MEXC Investor Protection Fund” at the outset of its existence. When platform investors experience losses as a result of platform or market incidents, the “special fund” is used to reimburse investors, as was the case this time with the Dragoma incident.

The original funding came from the handling fee. However, in order to further safeguard platform users, MEXC injected 20% of additional profits other than handling fees into the “Investor Protection Fund.”

According to information, Dragoma is a Polygon Network ecosystem-based project that was recommended by the MEXC community and was listed on MEXC. Since then, MEXC has adhered to the principles of “user-driven” and “service-oriented,” and the platform community’s support is inseparable from the huge collection of community recommendations in terms of voting for listing, community recommendation for listing, and product enhancement.


About MEXC

Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services including spot, margin, leveraged ETFs, derivatives trading and staking services. MEXC Global believes “User first, service foremost”, and creates a community where users can access and trade the latest best-in-class digital asset across the world. For more information, please visit the website and blog.

Contact:
Company: MEXC Exchange
Name: Ming Li
Contact: ming@mexc.com

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