MEXC Exchange Info

Everyone in the crypto market is talking about LUNA and UST, as well as the chaos that is causing a lot of FUD in the market. Let's look at what's going on with LUNA and UST. UST, a dollar-pegged stablecoin, has depegged twice in the last 3-4 days, causing initial chaos, and is now attempting to stabilize around $0.90 per dollar. UST is an algorithmic stablecoin with no collateral backing it. It keeps its value through an arbitrage system and a protocol mechanism in which LUNA serves as a reserve asset throughout the process. LUNA – UST THE CREATION MECHANISM You can always exchange LUNA for UST on a dollar-for-dollar basis, and vice versa. When LUNA was around $100, you could redeem it for 100 UST or 100 UST for 1 LUNA. If the price of UST is less than a dollar, you have the option of burning LUNA, then minting UST and pocketing the difference as a profit. Similarly, if UST exceeds a dollar, you can now burn it for LUNA to restore the peg. Many of them have been purchasing US...

  CKB, or Nervos Network, is an open-source public blockchain ecosystem. It is a set of protocols that serves as the foundation for a universal internet-like public network. How Does It Function? Nervos CKB (common Knowledge Base) is a blockchain at layer 1. It is a decentralized and secure layer that provides common knowledge custody to the network. Common knowledge refers to states that have been validated by global consensus. Crypto assets, for example, are well-known. The crypto-economy is run by  CKB  and all layer 2 protocols in Nervos Network. Layer 2 is the generation layer, which handles the majority of transactions and generates new states. Layer 1 (CKB) on the other hand specifies and stores the state. When layer 2 participants believe it is necessary, they will transmit newly created states to CKB. Their layered architecture separates states and computation. This makes each layer more adaptable and scalable. The Nervos Network's lowest layer is CKB. It is also...

RiceSwap, or RICE, is the world's first decentralized financial platform. It enables users to participate in DeFi activities such as liquidity mining and automated market makers (AMM).  RiceSwap  accomplishes this by integrating fiat money and cryptocurrency payments. RiceSwap AMM Model Core Design It improves liquidity by leveraging the Uniswap AMM model. Payment System for Alchemy The project makes use of Alchemy's hybrid fiat and crypto payment system to allow users to access DeFi even if they are unfamiliar with cryptocurrency. Mechanism for Referral To ensure optimal user growth, all mining programs include referral rewards. The RICE Game RICE is developing new applications by incorporating the "Game of Chance" economic model. RICE Token Price Platform governance with voting rights will be available to RICE token holders. They will also have the right to distribute project revenue, such as liquidity pool fee sharing, payment fee sharing, and RICE Game prize pool ...

  Because their prices are pegged to a reserve asset such as the US dollar or gold, stablecoins bridge the worlds of cryptocurrency and everyday fiat currency. When compared to Bitcoin, this significantly reduces volatility, resulting in a form of digital money that is better suited to everything from day-to-day commerce to making transfers between exchanges. The idea of combining traditional asset stability with digital asset flexibility has proven to be extremely popular.  Stablecoins  like USD Coin (USDC) have attracted billions of dollars in value, becoming some of the most popular ways to store and trade value in the crypto ecosystem. What can stablecoins be used for? Reduce volatility:  The value of cryptocurrencies such as Bitcoin and Ether fluctuates dramatically, sometimes by the minute. An asset linked to a more stable currency can provide buyers and sellers with confidence that the value of their tokens will not rise or fall unexpectedly in the near future...

Gala Games, also known as GALA, is a gaming platform that incorporates crypto and NFT into its ecosystem. They offer a wide range of game genres, including multiplayer online battle arena (MOBA), role-playing game (RPG), real-time strategy, and many others. Consider steam, but more so. You can use cryptocurrency to purchase assets and retain sole ownership of them. So, what happened recently to  Gala Games ? How did it fall by nearly 30%? Exploitation Suspected in Gala Games PeckShield, a blockchain security startup, discovered on November 3 that a single wallet address minted over $2 billion GALA tokens. The token appeared out of nowhere, causing widespread panic in their ecosystem and community. Fear of exploitation or rug pulling caused their token price to plummet instantly. According to the charts, they fell by approximately 26% in 130 minutes, from $0.0394 USD to $0.0293 USD. Fortunately, Gala Games quickly addressed the problem. Gala was not hacked in any way,...