You're a scammer stop preying on this community.

Your last trading contest was at MXC.

Today there was 65 MILLION BTS traded in one 4 HOUR candle at that scam exchange where all other top exchanges combined had only 2 MILLION in the same hour.

Throughout your last MXC scam exchange contest there was 10 MILLION BTS traded every 4 hours... while no other top exchange in the industry had more than a million.

Your contests are full of shit.   The exchanges you promote recieve 3/10 trust or D trust ratings from exchange auditors.

GTFO.

Anyone who sends their money to your promotions is asking to get robbed.


Today... the the most recent 4 HOUR Candle at each "top exchange" where BTS is traded

MXC supposedly had:
65 MILLION ?!?!? SCAM
Sustained 4H candle volume of 10M since BTS was added!



While the well known top rated HITBTC and BINANCE....

HITBTC
800 THOUSAND


BINANCE
800 THOUSAND



And nobody else in the industry was even close...

HUOBI
350 THOUSAND


POLONIEX
60 THOUSAND


BITTREX
15 THOUSAND


It means you are a lying scumbag thief that just stole 600,000 BTS from the public coffers.






XT is not trusted by COMAPS: https://www.comaps.io/exchanges/24h/1
XT is not trusted by CMC: https://coinmarketcap.com/rankings/exchanges/liquidity/
XT is not trusted by NOMICS: https://nomics.com/assets/xtcom-xtcom

COINGECKO says 90% of their volume is wash trading
https://www.coingecko.com/en/exchanges

DO NOT SEND YOUR MONEY THERE!

bitcny is both pegged to bts and backed by bts...

and you want forced limit orders to be put on the books 5% away from peg? 

gtfo with this bullshit

NO

Why every time I see another proposal from your crew its just another means to accumulate bitasset debt position and NEVER be forced to liquidate no matter the circumstance? 

Why is there this uncanny obsession with accumulating debt in a "market pegged asset" that you've ensured is never pegged to its respective currency?   

Could it be you've found some exploit in the blockchain that you're using to scam the rest of the unknowing masses?


Why don't you just fess up about the REALITY of why you wish to be able to hold MASSIVE short positions but NEVER sell them short?

 

Keep fucking pushing asshole and I'll expose the whole lot of you, cnvote, ZB, MXC, affiliates and the BEOS scam as well to US SEC, China CSRC, European ESMA, Russian FCSMR, and FINRA

You should all be sitting in a concrete box with a steel door for what you're doing to this blockchain; I'm sure there's an alphabet agency that would love to to hear about another blochchain scam to put on their resume.

* 1.10.57202 - to increase the force-settlement fee from 2.4 BTS to 1000 BTS (400x)
* 1.10.57236 - to increase the force-settlement fee from 2.4 BTS to 9.6 BTS (4x)
This is a logical fallacy called "false dilemma".

"Either we 4X or we make it stupid large 400X", therefore 4X must be reasonable!

The proposition seems silly, just on that front.

Wouldn't you think after 6 years we'd have reached a point where fees were somewhat near appropriate and we should be moving them if anything up or down maybe 10%, rather changing the rules of the game entirely by radically altering them 400% or 40,000%?

Secondly... any flat rate tax on trading activity invariably leads to "the rich get richer and the poor get poorer"

If market activity is to be taxed it should be taxed relative to its value.

In the real world when you buy a cheap hammer, the tax is 5% of its value; variable rate - not flat.  If you buy an expensive hydraulic jack hammer the tax is still 5% of its value.   A $10 hammer might have a $0.50 tax... whereas a $2000 jackhammer might have $100 tax.

If you applied the same $100 flat tax to $10 hammers as you do to jackhammers... nobody would buy hammers.   What you essentially do is price the product out of the market; choosing winners and losers in the economy.  It becomes a state command economy rather than a market economy.

Likewise, the same will occur in margin markets; you create a huge flat tax on margin lending the result will be only whales will take margin loans and only entrenched high volume MPA's will ever be loaned into existence.   Flat taxes are effectively regulatory capture abetting incumbent markets and wealthy traders.

Flat taxes on the blockchain should be reserved to prevent blockchain clutter of dust transactions, to reserve asset names and account names, to discourage the sending of bulk scam proposals, etc.    They should not be used to discourage legitimate market activity of smaller borrowers.

It is my suggestion that if you wish to raise revenue from defaulted loans, the rate should be percent based and effect all equally relative to their respective investment... just as market trading fees do.    Then, when massive loans default... surely the chain will profit without adversely discouraging other market activity along the way.

Likewise... if it can be accomplished that each individual UIA and MPA on the chain can have a percent based market fee.  Why can we not raise revenue for the chain itself by applying percent based market fees which benefit the public coffers on all market matched limit orders?

In short:

Flat fees, on a per item basis, should only be implemented to prevent blockchain clutter.
Variable rate fees, relative to transaction value, should be the taxation method of choice to raise revenue.

Here are the weibo account followers data of tier 1 exchanges:
huobi's official weibo account 火币网 has 91.8K followers,  OKEX's official weibo account OKEX has 400K followers

the weibo accounts related MXC respectively  are MX-MXC抹茶交易所(155K followers) and MXC抹茶（85.5K followers）

Anyway, HOPE u can support this worker

STFU you are SCAMMER.   Weibo account number do not prove shit.

中文用户是弱势群体
[]
抹茶交易所和中国社区不该被如此的妖魔化。
[]
三观正直的人，那也请你给中国社区这次机会，帮助提案顺利完成。不胜感激！

如此明显的恶意是可耻的。 使用“华人社区”一词来推广您的计划，您应该为自己感到羞耻。 这表明绝对没有荣誉将“华人社区”一词与您的明显恶意联系起来。 这是一种针对自身利益的简单明了的骗局。 不要将您的同伴与之联系在一起。

According to Caijing, a financial news site:

“53% of MXC’s token projects reached their highest valuation on the first day of trading.

Indeed, more than 53% of the projects lost over 90% of that peak value
[]
Only very lucky investors—or, perhaps, people who were privy to the dumping schedule—made money.”

https://www.asktraders.com/news/bitcoin-may-have-gained-from-chinas-crackdown-on-fraudulent-exchanges/

https://www.leaprate.com/cryptocurrency/blockchain/china-crackdown-on-crypto-exchanges-more-directed-than-reports-revealed/

It’s pretty well known in the west that China has been hammering crypto exchanges, again, in the worst crackdown since 2017. According to government mouthpiece Xinhua, more than 500 people have been arrested, and more than 300 crypto influencers’ social media accounts have been shuttered.

Sounds as if the government meant business, but the part of the news that never left the mainland was that government officials were not at war with “all” crypto exchanges. Many exchanges were actually immune from attack and have now benefited by the recent crackdown. Exchanges like Huobi, Okex, and even “unassociated” remnants of Binance that had left the country in 2017 were left unscathed.

What then was the Government trying to accomplish? It helps to acknowledge the inference behind

a favorite quote within crypto circles in China:
中国加密界最喜欢的报价：

You are not running
a good ponzi business
if you are not on MXC

你没跑
一个好的庞氏生意
如果您不在MXC上

hmm...

“the world’s leading assets trading platform.” Though the site is available in different languages and claims to be used by investors in 70 countries, it was believed to be especially popular with Chinese retail investors in the third- and fourth-tier cities, where investors are relatively unsophisticated.

This one exchange has also marketed what have been called “air tokens”, a hint at the true value of what the exchange was selling to its loyal fan base. In several “pump-and-dump” schemes, a series of tokens were heavily touted and sold to a public that gave its trust without even the slightest of due diligence. In one notorious case, the value of the VDS token skyrocketed 5,137% in two months, before crashing to near zero at its peak, when promoters withdrew their support and closed positions for enormous gains.

The press covered this and several other such fraudulent practices, where the exchange deliberately hyped a product, created FOMO, and then dropped the hammer:

"World Leading Crypto Exchange MXC distribution of users"


"Binance distribution of users"

Can you please provide a bit more detail for this worker how and when exactly the funds will be used?

they told you right here... maybe I can help translate:

After activating deposit function, users who deposit 1,000 BTS or above can divide 300,000 BTS and 20,000 MX according to the proportion of net deposition.

translated means:

Since nobody cares about or uses our shitcoin exchange... we'll just make sure that our buddies have the most BTS deposited on day of the 300,000 BTS air drop.   On that day, we'll give away all the worker BTS to our friends.

After activating trading function, users whose trading volume is 1,000 USDT or above can divide 300,000 BTS and 20,000 MX according to the proportion of trading volume.

translated means:

Our exchange volume is fake, as everyone knows.   Our cronies use bots to fake huge amounts of volume.  No real trader could compete because we grant our close friends zero fee trading for using bots to boost our fake volume.   On the day you give us worker BTS we'll be sure to tell our friends to turn their fake-volume zero-fee bots on overdrive to ensure all the funds are siphoned directly to our cronies.