$TKAI token now available on MEXC exchange!

LayerX
3 min readJan 26, 2024

Exciting news!

We are thrilled to announce that the TKAI token has been listed on the MEXC cryptocurrency exchange. In this article, we elaborate on the significance of this listing for TKAI, explaining its importance for TAIKAI and our community.

👉 Deposits are now live!

👉 TKAI/USDT trading will be available on January 24th at 3pm UTC.

Why list TKAI on MEXC?

Listing the TKAI token on secondary markets will enable traders and investors from different regions to easily access and trade the token, promoting inclusivity and expanding the project’s user base. This will bring a dual positive impact to both the TAIKAI Garden and its users.

For the Garden roadmap, it will enhance visibility and recognition for the TAIKAI Garden ecosystem and the token itself, thanks to an increase in liquidity and market participation. For users this will mean that the value of TKAI is based on supply and demand, and reflects the current market conditions, creating a more transparent and equitable pricing structure.

You can read more about the Garden ecosystem inside the TAIKAI Garden Whitepaper.

Why MEXC for the first TKAI CEX listing?

Choosing a well-renowned platform will improve the credibility of the TKAI token, instilling more confidence in investors and users to buy TKAI. Of course, there were several considerations that collectively contributed to this decision, but there were a few strategic reasons that held greater weight.

Firstly, MEXC, which is known for its robust and user-friendly cryptocurrency exchange platform, aligns with TAIKAI’s goals and priorities for the successful launch and growth of TKAI. Secondly, MEXC has a widespread global presence and boasts significant liquidity and trading volume, which are crucial factors for the success of any token first listing.

And let’s not forget that MEXC is an exchange platform that actively engages with its community through various channels, fostering a supportive environment for new token projects which will help amplify the visibility and adoption of TKAI among MEXC users.

Why is TKAI different from other tokens?

TKAI is TAIKAI’s native token and will serve as the backbone of the TAIKAI Garden ecosystem, with a multitude of purposes that go beyond those of a traditional cryptocurrency. Simply put, TKAI will function as payment for accessing gated services within the Garden ecosystem, and facilitate interactions and transactions within the platform. TAIKAI has designed the token economics of our token to ensure long-term sustainability and value appreciation, but if you’re interested in more detailed insights into our token economics model, you can refer to section 3.5 of the TAIKAI Garden Whitepaper, TKAI Token Model.

Regulatory compliance of listing TKAI on MEXC

TAIKAI has taken meticulous steps to ensure regulatory compliance throughout the process, and conducted a thorough assessment of the token’s characteristics, functionality, and purpose to determine its classification. This includes evaluating factors outlined in regulatory guidelines to ascertain whether the token falls under the category of securities and making sure it is compliant with the Portuguese law, as well as the EU’s recent MICA guidelines.

A final word from the CEO

“When selecting a centralized exchange, several critical factors must be weighed: reputation, regulatory compliance, user base size, community engagement, liquidity, and trading volume. MEXC stands out as our premier choice for a CEX listing, thanks to its established reputation in the cryptocurrency market and ranking among the top 20 exchanges by Coingecko. MEXC’s robust and active community, synergizing with ours, creates a promising foundation for mutual success.” — Mário Alves, CEO and co-founder of LayerX.

About TAIKAI

Join TAIKAI today and become a part of our thriving community of passionate web developers. You’ll have the chance to showcase your skills, collaborate with top tech companies, and win exciting prizes. Sign up now and start hacking your way to success!

About MEXC

MEXC Global is a digital asset trading platform that provides real-time prices of crypto tokens. The platform allows users to buy, sell, and trade a variety of cryptocurrencies and perform a variety of operations including spot trading, futures trading, staking, and more.

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LayerX

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