Latest news with #MEXC
Business Insider
4 days ago
- Business
- Business Insider
Spheron to Launch TGE with $SPON Token Tier-1 Listings
Spheron, a community-powered compute stack for AI, Web3, and agentic apps, is announcing the Token Generation Event (TGE) for its native token, $SPON. The $SPON token will be listed on the centralized exchanges Bitget, & MEXC on July 29, 2025 at 5 PM SGT. Spheron boasts over 44,000+ nodes, with the network racking up over $100M in distributed compute. The Spheron ecosystem has scaled to over $10M ARR with over 400,000 community members globally. A part of its growth, the $SPON token plays an essential role in Spheron's mission by providing incentives to both compute providers and users to scale network supply and demand. Providers are rewarded with $SPON, pushing them to join and expand the network. Spheron is the only decentralized AI infra stack with real products, customers, and revenue— owned and powered by the community. $SPON now aligns incentives directly with Spheron's long-term vision, ensuring active network participants in its community, such as developers, contributors, and early adopters, can secure and govern the network. Additionally, $SPON serves as the primary medium for transaction settlements within the ecosystem and enables democratic governance, empowering holders to actively influence the platform's future. Spheron is positioning $SPON to fulfill several critical functions in the ecosystem. Compute providers earn $SPON by contributing GPU and CPU resources. If providers accept alternative tokens, commissions charged are utilized to buy back $SPON. Users can pay with $SPON to access decentralized compute resources. Stakers secure the network and receive rewards in $SPON, while community members leverage their $SPON holdings for governance voting. 'Spheron's vision of creating a decentralized, community-powered data center moves closer to reality,' stated Prashant Maurya, Co-founder and CEO of Spheron. 'The $SPON token ensures that incentives, security, and governance remain aligned with our community's interests, supporting sustainable and scalable growth.' A distinguishing feature for $SPON holders is the inherent flexibility of the platform. The community exclusively decides which additional tokens can be integrated through governance voting. Following community approval, participants can begin accruing and earning additional tokens simply by holding $SPON, significantly enhancing the intrinsic value and attractiveness of active participation. These additional token flexibility features will be active after six months of stable post-mainnet activity. This ensures network integrity and rewards long-term contributors, thus maintaining robust foundations for further expansions. About Spheron Spheron Network is building the world's largest community-powered compute stack for AI, Web3, and agentic apps—decentralized, verifiable, and owned by builders, not the cloud. Powering industry leaders such as Gensyn, Kuzco, Gradient, and Sentient, Spheron is fueling a new wave of on-chain AI and compute infrastructure. Spheron isn't just a compute protocol. It's the only decentralized AI infra stack that comes battle-tested with real products, real customers, and real revenue—all owned and powered by the community. With 44,000+ nodes across 170+ geos, the network boasts $100M+ in distributed compute and is growing fast. Contact Co-Founder
Khaleej Times
6 days ago
- Business
- Khaleej Times
MultiBank Group's $MBG utility token soars on first day of launch
MultiBank Group, one of the world's largest and most regulated financial derivatives institutions, saw its $MBG Utility Token triple in value within hours of launching on major international platforms. Pre-sale buyers had the opportunity to enter at the exclusive price of $0.35, with $MBG surging to $1 shortly after trading opened, underscoring intense demand for the Group's landmark digital asset. The $MBG Utility Token is now listed on leading global exchanges MEXC and and is also available through and Uniswap. The successful pre-sale and strong market debut mark a significant step in the Group's ongoing digital transformation strategy, further enhancing its four-pillar ecosystem. Delivering utility across a range of financial applications, $MBG stands apart from speculative tokens by being anchored in substantial real-world assets (RWA), supported by an average daily trading volume of $35 billion and $29 billion in audited holdings. A $440 million buyback and burn program, scheduled over four years, will contribute to stability and future growth. MultiBank Group Chairman and Founder, Naser Taher, said: 'The remarkable rise in $MBG's value on its first day reflects the confidence investors have in our vision and the fundamentals behind our token. Such a response demonstrates the appetite for digital assets that are backed by transparency and robust regulatory standards across our platforms.' The $MBG Utility Token spans several core areas within MultiBank Group. It is embedded in the Group's flagship CFD business, which generated $362 million in revenue last year. Additionally, the token is incorporated into the forthcoming MEX Exchange, an institutional-grade crypto Electronic Communication Network (ECN) designed for large-scale liquidity aggregation and currently valued at $23.7 billion. $MBG is also integrated with real estate tokenization marketplace, developed in partnership with MAG Lifestyle Development through a $3 billion agreement to introduce premium properties such as the Ritz-Carlton Residences. Finally, it underpins the Group's highly regulated crypto exchange and the main platform for $MBG market activity. The exchange enables spot trading, derivatives, and soon, future DeFi integrations.
Zawya
7 days ago
- Business
- Zawya
MultiBank Group's $MBG utility token soars on first day of launch
UAE - MultiBank Group, one of the world's largest and most regulated financial derivatives institutions, saw its $MBG Utility Token triple in value within hours of launching on major international platforms. Pre-sale buyers had the opportunity to enter at the exclusive price of $0.35, with $MBG surging to $1 shortly after trading opened, underscoring intense demand for the Group's landmark digital asset. The $MBG Utility Token is now listed on leading global exchanges MEXC and and is also available through and Uniswap. The successful pre-sale and strong market debut mark a significant step in the Group's ongoing digital transformation strategy, further enhancing its four-pillar ecosystem. Delivering utility across a range of financial applications, $MBG stands apart from speculative tokens by being anchored in substantial real-world assets (RWA), supported by an average daily trading volume of $35 billion and $29 billion in audited holdings. A $440 million buyback and burn program, scheduled over four years, will contribute to stability and future growth. MultiBank Group Chairman and Founder, Naser Taher, said: 'The remarkable rise in $MBG's value on its first day reflects the confidence investors have in our vision and the fundamentals behind our token. Such a response demonstrates the appetite for digital assets that are backed by transparency and robust regulatory standards across our platforms.' The $MBG Utility Token spans several core areas within MultiBank Group. It is embedded in the Group's flagship CFD business, which generated $362 million in revenue last year. Additionally, the token is incorporated into the forthcoming MEX Exchange, an institutional-grade crypto Electronic Communication Network (ECN) designed for large-scale liquidity aggregation and currently valued at $23.7 billion. $MBG is also integrated with real estate tokenization marketplace, developed in partnership with MAG Lifestyle Development through a $3 billion agreement to introduce premium properties such as the Ritz-Carlton Residences. Finally, it underpins the Group's highly regulated crypto exchange and the main platform for $MBG market activity. The exchange enables spot trading, derivatives, and soon, future DeFi integrations. For updates and more information, visit MultiBank Group's official channels.
Mid East Info
21-07-2025
- Business
- Mid East Info
Bitcoin Price Live 2025 in the Middle East: Safe and Easy Ways to Buy and Trade
The cryptocurrency market in the Middle East and North Africa (MENA) region is witnessing remarkable acceleration, with digital asset usage increasing by 48% in 2023, making the region one of the fastest-growing markets globally. This growth is driven by rising interest from investors in Saudi Arabia, the UAE, Egypt, Morocco, and other Arab countries in financial technology, with Bitcoin and USDT being among the most important digital assets used for hedging against inflation and enabling fast, secure money transfers. Why Monitoring Bitcoin's Live Price Matters Cryptocurrencies, particularly Bitcoin, are highly volatile. Therefore, tracking the live Bitcoin price is essential for investors and traders to make informed, timely decisions. Accurate, real-time updates improve opportunities to buy or sell at optimal prices and help minimize risks associated with sudden market changes. Easy and Secure Ways to Buy Bitcoin in the Region Trusted exchanges like MEXC provide multiple methods to purchase Bitcoin, including local bank transfers, debit/credit cards, and peer-to-peer (P2P) platforms . These methods support major banks in the region, such as Al Rajhi Bank and Riyad Bank in Saudi Arabia, Emirates NBD in the UAE, and the National Bank of Egypt , making transactions safe and fast . The Role of USDT in Local Markets USDT (Tether) , a stablecoin pegged to the US dollar, is the preferred option for maintaining value amid market fluctuations. In the Middle East, users rely on USDT for cross-border transfers and reducing bank transfer fees , especially in countries facing economic volatility or high inflation, such as Egypt and Lebanon . Bitcoin Trading and Futures with Leverage After buying Bitcoin, investors can trade in spot markets or futures with leverage up to 500x , offering significant profit opportunities. Trading platforms provide advanced tools like stop-loss and take-profit orders , enabling traders to manage risks efficiently and capitalize on price fluctuations. Using Mobile Trading Apps for Portfolio Management Mobile trading apps have become essential for Middle Eastern traders, allowing them to track Bitcoin's live price and execute trades anytime, anywhere . Apps like MEXC offer user-friendly interfaces, instant alerts, and market analysis to support quick, effective decision-making. Security and Trust in Trading Platforms Trust in exchanges comes from security, transparency, and consistent user support . Platforms like MEXC offer multi-layered protection for client funds , Arabic language support, high liquidity, and competitive trading fees suitable for all types of traders. Discover More on the Official Crypto Blog If you want to deepen your knowledge of cryptocurrencies and stay updated with the latest market news, visit specialized crypto blogs that provide educational articles, market analyses, and detailed guides to help you understand trading, track Bitcoin's live price, and make the most of available tools. Stay informed with expert tips and trends to succeed in the dynamic crypto world. Tips for Safe Bitcoin Investment Choose licensed and trusted trading platforms . Track Bitcoin's live price from multiple sources for accuracy . Use technical analysis tools to understand market trends before making decisions. Never invest money you cannot afford to lose , and diversify your portfolio to reduce risk. Conclusion With Bitcoin adoption growing across the Middle East and North Africa, it has become essential to monitor Bitcoin's live price and use secure, efficient buying and trading methods . Selecting reliable platforms , understanding the market, and applying well-planned trading strategies put investors in a strong position to achieve sustainable profits in the volatile cryptocurrency market.
Associated Press
21-07-2025
- Business
- Associated Press
MEXC Partners with Solana to Launch Eco Month Event Featuring a $1 Million Prize Pool
VICTORIA, Seychelles, July 21, 2025 (GLOBE NEWSWIRE) -- MEXC, a leading global cryptocurrency exchange, has announced a strategic partnership with Solana to launch the month-long Solana Eco Month campaign. Scheduled to run from July 21, 2025, 10:00 (UTC) to August 20, 2025, 10:00 (UTC), the campaign will feature a generous $1 million prize pool, including 0-fee trading, staking rewards, Spot airdrops, and Futures trading bonuses. Six Major Events Comprehensively Cover User Needs Event 1: Enjoy 0-Fee Trading Users can enjoy zero-fee trading across multiple Spot trading pairs including SOL/USDT, SOL/USDC, and popular Futures such as SOLUSDT and SOLUSDC. Additionally, withdrawals for SOL are fee-free. Please note that users from Africa, Hong Kong, Macau, Southeast Asia, Middle East, and Taiwan are not eligible for this event. Event 2: New Users Exclusive—Stake SOL for Up to 400% APR New users can stake SOL for 3 days and earn up to 400% APR. Slots are limited and available on a first-come, first-served basis. Users must complete Advanced KYC Verification to participate. Event 3: Solana Spinfest Users complete tasks on the event page to earn spin chances. Each spin provides a chance to win prizes from a $100,000 reward pool. Event 4: Trade Spot to Share 650 SOL Event 5: Trade Futures to Share $100,000 in Futures Bonuses Users who make at least one SOL Futures trade during the campaign period will qualify to participate in this event and compete for a share of the $100,000 Futures bonus pool. Task 1: Welcome Bonus for New Futures Users Task 2: Futures Trading Leaderboard Event 6: Stake SOL, Get MXSOL & Earn Up to 13% APR Exclusive Sub-Events from Solana Projects In addition to the main events, the event also includes six exclusive sub-events from Solana projects. The event period is from July 21, 2025, 18:00 to August 20, 2025, 18:00 (UTC). These sub-events offer users additional opportunities to earn rewards through deposits, trading, referrals, and in some cases, staking tasks. This campaign fully demonstrates MEXC's long-term commitment to empowering users and supporting the development of high-quality blockchain ecosystems. By lowering participation barriers and offering multiple incentives, MEXC connects users to real opportunities within the Solana ecosystem, enabling mutual benefits for both users and the ecosystem. For full details and to participate in all Solana Eco Month events, please visit the official event page on MEXC. About MEXC Founded in 2018, MEXC is committed to being 'Your Easiest Way to Crypto.' Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. MEXC Official Website ｜ X ｜ Telegram ｜ How to Sign Up on MEXC Risk Disclaimer: The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions. Photos accompanying this announcement are available at For media inquiries, please contact MEXC PR team: [email protected]
