Quick note: It’s been a roller-coaster ride today. First, there was a smashing AMA which was then followed by Hive's promotion worth $15k.
And if that’s not enough? We have more. I will keep this one short:
Here’s the short version:
Chinese exchange MXC has listed the Hive token today. Only HIVE/USDT trading pair is currently available.
As soon as the listing went live a couple of hours ago, this is what happened:
Hive had a whopping upper wick touching 30 cents. This is common when any token is listed for the first time.
But this is where it gets interesting:
MXC listed Hive...
Before we go there, I want to explain what MXC is all about.
You see, it isn't surprising that a lot of people don't know about MXC. That's because their primary audience is Chinese. In fact, when I was working with a Chinese crypto exchange, one of the guy was planning to work with MXC.
We always had our eyes on MXC.
Why?
Two reasons:
MXC was a big name in 2019. Their native exchange token (MX Token) did 100x within a couple of months. That's crazy, isn't it?
And second: MXC grew aggressively by listing every other token possible. And they were doing it fast.
Which is why MXC sits in the top 5 exchanges according to Coinmarketcap:
For many, the Hive listing comes as a total surprise. Almost like a car flashing lights in total darkness. No one saw it coming.
However, MXC has always been doing this. This exchange, along with several others (like Biki) are listing tokens without permission. This managed to piss off a lot of project owners.
If you remember from my earlier article, this is not uncommon:
This is how MXC listed Hive a day before Huobi. Some dude from their team has been spying Huobi - and was waiting for an opportunity to make an announcement.
This way they can grab a slice of Huobi and Hive's userbase.
Smart move, isn't it?
Cheers,
Sid
100% Hive-exclusive. If you liked the article? Feel free to upvote and rehive.
