Print Page - [ANN] ⭐MCS - The Trader-Centric Derivatives Exchange⭐($10 Welcome Bonus)

MCS GRAND OPENING

The most trustworthy and friendly crypto derivatives exchange is now open!

150x leverage ⭐ 24/7 Live Local Support ⭐ 250,000 Transactions Per Second ⭐ $10 Welcome Bonus (http://mcs.io/promotions/event)

MCS.io (https://mcs.io)

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Join MCS NOW (https://mcs.io) and don't miss the opportunity to get your welcome bonus (https://mcs.io/bonus)!

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ABOUT MCS

MCS (https://mcs.io) is a Cryptocurrency Derivatives Trading Platform established in February 2020 registered in Seychelles with Headquarters in Singapore. MCS provides a robust trading experience for traders with our financial enterprise-grade systems. MCS strongly stands by the values of being 'Trader Centric' to ensure all of our customers can experience being professional traders. With the vision of expanding beyond cryptocurrency trading and growing into an investment bank, we aim to provide quality financial services at each touch-point with our traders from the beginning to successfully draw out our future.

MCS has a team of financial engineers that analyze financial data on both macro and micro levels to develop various cryptocurrency derivatives products.[/size]

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SECURE - TRUSTWORTHY SYSTEM

MCS is equipped with the highest level of technology and security to remove any possible risks.

1. Financial Enterprise-Grade IT Infrastructure

MCS boasts an industry-leading matching engine that processes over 250,000 transactions per second (TPS) and removes overload by splitting engine modules for different purposes.

2. Security as Top Priority

MCS protects and securely manages assets with the world's leading digital asset storage and custodial BitGo. 100% of our traders' assets are stored in a multi-signature cold wallet to ensure security.

3. Financial Institution-Grade Information Security

All trader information is thoroughly encrypted and managed under a financial institution-level information security system.

4. 24/7 Monitoring

The monitoring team supervises the system 24/7 and responds directly as soon as any threats or issues are discovered.[/size]

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MCS TRADING ENVIRONMENT OPTIMIZED FOR TRADERS

MCS is ALWAYS focused on building a 'Trader Centric' exchange system.

1. Transparent and Fair Mark Price using USDT

MCS uses USDT due to its high liquidity in the cryptocurrency market. With the aim to provide a fair exchange, MCS utilizes 7 exchanges as a reference to setting the mark price of the exchange.

2. 24/7 Multi-Language Support

We provide 100% localized English, Chinese, and Korean customer support 24 hours a day. Traders can experience the best customer support service whenever it is needed.

3. The way the trader wants - widget-based UI

Traders can customize the exchange according to their needs. All the widgets can be moved, reshaped, and removed to match the tastes of each and every trader on MCS.

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4. Various Widgets

In addition to the basic trading widgets, MCS has built a trader-centric trading environment by developing widgets that help set trading strategies.[/size]

FEATURES ONLY AVAILABLE ON MCS

- Multi-Position
- Covesting
- Shadow Trading

These are unique features only available on MCS!

Coming to you SOON!

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Until Dyson's cyclone cleaner came into our lives, emptying the dust bag and replacing it with a new one was unquestionably accepted as a norm. Not questioning why things are done the way it is now and not searching for a better alternative is the same as eliminating the possibility of innovation that can lead to a better way.

Peter Ferdinand Drucker, the father of management thinking, defines innovation in a similar context. He describes it as 'a behavior that changes the value and satisfaction of consumers', which should also be preceded by throwing a question mark in the existing 'value' or 'norm'. MyCoinStory (MCS) has questioned the things that are taken for granted in existing cryptocurrency derivative exchanges and devised a way for everyone to have financial freedom through trading.

MCS Thought 1. Wouldn't it be more efficient to manage asset risk by having positions in both directions under one account?

MCS SOLUTION 1. MCS IMPLEMENTED THE "MULTI-POSITION" SYSTEM WHICH ALLOWS TRADERS TO HAVE THREE POSITIONS AT ONCE.

https://blog.mycoinstory.com/content/images/2020/03/MCS-multi-position-1.png

This allows traders to hedge against different strategies in one account. By generating different returns on two opposite positions for the same quantity and operating an additional single position at the same time, traders can use three times more trading techniques than before. This will upgrade one's trading skills and allow hedging more strategically.

MCS Thought 2. Why use the unstable USD for a quote currency?

MCS SOLUTION 2. MCS USES THE USDT AS A QUOTE CURRENCY TO PREVENT POTENTIAL DISBENEFITS THAT MAY ARISE FROM RAPID PRICE FLUCTUATIONS.

https://blog.mycoinstory.com/content/images/2020/03/MCS-USDT-en-1.png

There are not many exchanges that handle BTC/USD trading pair or have abundant liquidity in the current cryptocurrency exchange market. This limits the number of exchanges to refer to in calculating the mark price which is highly relevant to traders' profits. If a problem arises on one of the referred exchanges, it is likely that an 'inadequate' mark price will be formed that will damage traders. However, MCS uses BTC/USDT trading pair to protect traders from this event.

These 'MCS's Better Ways' mentioned above are not the results of coincidences like the accidental connection of fragile filaments made the illumination. Every member at MCS has 'personally' traded on various existing exchanges, asked questions in every area, and tried to come up with a better way. Some may have taken it for granted, but MCS certainly did not miss the details, creating the unique value of MCS.

MCS will look at every aspect from the perspective of traders, will continue to provide traders a better trading environment through analysis and systematic approach, and forever progress for the "best".

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Lifetime Trading Fee Discounts!

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MCS is holding a ⭐️ MCS Trading Fee Upgrade Event ⭐️ in celebrating the official launch!

The MCS Trading Fee Upgrade Event will be focused on maker and taker volume, a once in a blue moon opportunity for competition winners, offering the ultimate trading fee rate applied for a 👉 lifetime👈 !

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Event Details

🔸 Event Period : June 29, 2020 at 3:00AM (UTC) ~ July 13, 2020 at 3:00AM (UTC)

🔸 Product Subjected to Trading Fee Upgrade : MCS BTC/USDT perpetual contracts

🔥 MAKER VOLUME

Contestants with the top 3 cumulative maker volume during the event will earn access to a shocking lifetime's worth of maker fee rebate deal outlined below.

BENEFITS FOR TOP 3 CONTESTANTS WITH THE HIGHEST MAKER VOLUME

🥇 1st Place: Maker fee -0.035% for a lifetime + 0.03BTC bonus

🥈 2nd Place: Maker fee -0.03% for a lifetime + 0.02BTC bonus

🥉 3rd Place: Maker fee -0.0275% for a lifetime + 0.01BTC bonus

MAKER VOLUME RANKING METHOD

After aggregating all the maker orders settled during the event, the top 3 traders with the highest number of cumulative contract settlements towards the end point will be placed on the finalists' list.


💡 What is a maker order?

👉 It is a bid order placed by a trader at a certain price that doesn't get matched immediately.



Ex) When a BTC/USDT perpetual contract is placed at 10,000USDT, the condition below satisfies a maker order.



When a short position at 10,000.5USDT doesn't get matched straight away and the remaining volume for 10,000.5USDT gets accumulated in the orderbook.
When a long position at 9999.5USDT doesn't get matched straight away and the remaining volume for 9999.5USDT gets accumulated in the orderbook.


*A maker order is a bid price that gets listed on the orderbook including examples described above.

🔥 TAKER VOLUME

Contestants with the top 3 cumulative taker volume during the event will earn access to a shocking lifetime's worth of taker fee rebate outlined below.

BENEFITS FOR TOP 3 CONTESTANTS WITH THE HIGHEST TAKER VOLUME

🥇 1st Place: Taker fee 0.045% for a lifetime + 0.03BTC bonus

🥈 2nd Place: Taker fee 0.045% for a lifetime + 0.02BTC bonus

🥉 3rd Place: Taker fee 0.045% for a lifetime + 0.01BTC bonus

TAKER VOLUME RANKING METHOD

After aggregating all the maker orders settled during the event, the top 3 traders with the highest number of cumulative contract settlements towards the end point will be placed on the finalists' list.

💡 What is a taker order?

👉 It is a bid order placed by a trader at a certain price that gets matched immediately.

IMPORTANT NOTE

1️⃣ Anyone can participate in the competition without signing up.

2️⃣ When the cumulative maker volume is the same amongst traders, the trader with more taker volume will be considered at a higher priority.

3️⃣ When the cumulative taker volume is the same amongst traders, the trader with more maker volume will be considered at a higher priority.

4️⃣ Contestant winners' taker fee benefit and maker rebate benefit is only applicable for BTC/USDT perpetual contracts.

5️⃣ Contestants that were previously chosen as MCS's honorary testers in receiving 0.045% taker fee benefit will only be receiving the bonus when winning the competition.

6️⃣ MCS will announce real-time ranking on MCS Telegram Account every day at 3AM (UTC).

7️⃣ Recipient announcement is to be made on July 14, 2020, the same day in which both the benefit and the bonus will be distributed.

8️⃣ The bonus rewarded can be used as a form of a margin and will also be used firsthand for trading fees and expense loss.

9️⃣ The profit made from the margin can be withdrawn. However, once the profit is withdrawn from the account, the entire given bonus will be dropped.

🔟 MCS holds the right to interpret the competition to its entirety, wherein changes and cancellations may occur.

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140% on Maker Rebates for 2 WEEKS!

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MCS is holding a ⭐️ 140% Upgrade in Maker Rebate Event⭐️ in celebrating the official launch!

To return our gratitude for traders that have shown consistent support and interest from MCS TestNet to the present state, we will be holding a 140% Upgrade in MCS Maker Rebate Event.

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MCS LAUNCH CELEBRATION : MCS MAKER REBATE UPGRADE EVENT

1. MAKER REBATE UPGRADE BY 140%

During the event, maker rebate for BTC/USDT perpetual contracts will upgrade from -0.025% to -0.035%, a ⭐️140% increase⭐️.



What is a maker order?

It is a bid order placed by a trader at a certain price that doesn't get matched immediately.



Ex) When a BTC/USDT perpetual contract is placed at 10,000USDT, the condition below satisfies a maker order.



When a short position at 10,000.5USDT doesn't get matched straight away and the remaining volume for 10,000.5USDT gets accumulated in the orderbook.
When a long position at 9999.5USDT doesn't get matched straight away and the remaining volume for 9999.5USDT gets accumulated in the orderbook.


*A maker order is a bid price that gets listed on the orderbook including examples described above.

Event Details

⭐️ Event Period : June 29, 2020 at 3:00AM (UTC) ~ July 13, 2020 at 3:00AM (UTC)

⭐️ Product Subjected to Trading Fee Upgrade : BTC/USDT perpetual contracts

IMPORTANT NOTE

1️⃣Traders using MCS on June 29, 2020 are required to refresh the page after 3AM (UTC) in order for the maker rebate modification to come to effect.

2️⃣Maker rebate can be checked on the available account once the maker order settles.

3️⃣MCS holds the right to interpret the event to its entirety, wherein changes and cancellations may occur.

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June Monthly Recap

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Dear Valued MyCoinStory Traders,

June was a very big month for MyCoinStory as we first stepped foot into the industry with the official launch.

ABSTRACT

1️⃣Official Launch on 15th of June
2️⃣ Over 3000 Registrations, 30m USDT Volume!
3️⃣ Leverage scaled to 50x
4️⃣ Maker and Taker Fee Event (Live Now!)
5️⃣ Satisfactory 24/7 Customer Support
6️⃣ MyCoinStory in the Community

After a successful testnet launch and mock trading competition, a triumphant production launch was made thanks to all the feedback and support given by our valuable traders. The MyCoinStory team is a trader-centric and growth-oriented, always looking for ways to make our traders' experiences better.

⭐️ OVER 3000 REGISTRATIONS, 30M USDT VOLUME!

https://blog.mycoinstory.com/content/images/size/w1000/2020/07/Untitled-2.png

With much support from pre-production and early-bird registration, we are proud to announce that over 3000 Traders registered on MyCoinStory. We would like to thank each and every trader who have joined and showed your love and support to our exchange. Thanks to all our traders, we were able to achieve a biweekly trading volume of 30 million USDT!

⭐️ LEVERAGE SCALED TO 50X

https://blog.mycoinstory.com/content/images/2020/07/1000562_eng.jpg

The maximum leverage on MyCoinStory has boosted from 20x to 50x on BTC/USDT Perpetual Contracts as of 29th of June! Traders can now trade with higher leverage, however, all traders should keep in mind that trading with higher leverage exposes you to greater risk and therefore have to manage risk with extended care. Leverage up to 100x will be available in the near future.

⭐️ MAKER AND TAKER FEE EVENT (6.29 ~ 7.13)

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A Maker and Taker Fee Event is live now where TOP 3 traders on Maker and TOP 3 traders Taker with highest volume will receive a whopping -0.035% Maker and 0.045% Taker fees for a lifetime! On top of that, the 6 traders will be receiving a BTC bonus with a prize pool of 0.12 BTC! You can find more info here (https://blog.mycoinstory.com/tradingfeeupgrade-en/). During the event period, we have enchanted the maker fees so that ⭐️ALL our traders can receive -0.035% maker rebates for the 2 weeks!⭐️

⭐️ SATISFACTORY 24/7 LIVE SUPPORT

The MyCoinStory Support Team have achieved a 98% satisfactory level to the traders who have reached out to us via live support. MyCoinStory has been serving our traders with 24/7 customer support in English, Korean and Chinese. Additional languages will be covered in the future! Let us know what language we should cover next through our live chat!

⭐️ MYCOINSTORY IN THE COMMUNITY

Crunchbase (https://www.crunchbase.com/organization/mycoinstory)

Cryptoslate (https://cryptoslate.com/companies/mycoinstory/)

Crypto Browser (https://cryptobrowser.io/exchanges/mycoinstory-mcs/)

Fandom (https://cryptocurrency.fandom.com/wiki/MCS_(MyCoinStory))

Cryptowisser (https://www.cryptowisser.com/exchange/mycoinstory/)

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MCS | THE FIRST OF MCS COLORFUL QUANTO "KLAY" IS HERE!

The first of MCS Colorful Quanto, KLAY of Klaytn, was launched on the MCS cryptocurrency derivatives trading platform yesterday!⭐️

https://blog.mycoinstory.com/content/images/2020/09/MCS-s-first-quanto-product--KLAY-of-Klaytn--will-be-launched-on-the-trading-platform-soon---1-.png

WHAT ARE KLAYTN AND KLAY

Klaytn is a public blockchain platform developed by Ground X, a subsidiary of Kakao Corporation. Klaytn provides an easy and user-friendly environment for development in order to verify the value and usefulness of blockchain technology by providing blockchain services for mass adoption. The native currency of the Klaytn blockchain is KLAY.

Klaytn Official Website: https://www.klaytn.com/ (https://www.klaytn.com/)
Klaytn Twitter: https://twitter.com/klaytn_official (https://twitter.com/klaytn_official)
Klaytn Position Paper: https://www.klaytn.com/Klaytn_PositionPaper_V2.1.0.pdf (https://www.klaytn.com/Klaytn_PositionPaper_V2.1.0.pdf)
Klaytn Token Economy & Governance Paper Paper: https://www.klaytn.com/Klaytn_Token_Economics_and_Governance_Paper_V1.01.pdf (https://www.klaytn.com/Klaytn_Token_Economics_and_Governance_Paper_V1.01.pdf)
MCS | Klaytn Report: https://drive.google.com/file/d/1DHddf7QA4jfkTFAXoF5QbNaZF0nb_68l/view?usp=sharing (https://drive.google.com/file/d/1DHddf7QA4jfkTFAXoF5QbNaZF0nb_68l/view?usp=sharing)

WHAT IS THE KLAY QUANTO CONTRACT?

A quanto contract refers to a derivative instrument that is settled as another asset instead of either the base currency or the counter currency in the trading pair. MCS's first quanto product, KLAY/USDT Futures, is settled in BTC with a BTC margin, not in its base currency USDT or its counter currency KLAY.

KLAY QUANTO FUTURES

Contract Dates: September 17, 2020 @7:00 AM ~ October 16, 2020 @6:00 AM UTC
KLAY Quanto Futures Contract Details: https://help.mycoinstory.com/hc/en-us/sections/900000392263-Futures-Contract (https://help.mycoinstory.com/hc/en-us/sections/900000392263-Futures-Contract)

For inquiries about KLAY Quanto product, please contact us via the MCS Live Chat or the official MCS Telegram.

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MCS | THE TOP TRADING EVENT FOR QUANTO “KLAY” FUTURES CONTRACT

https://blog.mycoinstory.com/content/images/2020/09/quanto_1024512_en_res.png

The (KLAY) Futures Contract will be released on the 17th of September 2020!⭐️ To celebrate the release of the (KLAY) Futures Contract, we will be holding a ⭐️(KLAY) Futures Contract TOP Trading Event!⭐️

With a total 10,000 KLAY up for grabs,💸 we hope many MCS traders participate in the TOP Trading Event. The details are as follows.

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KLAY FUTURES CONTRACT TOP TRADING EVENT

Traders who trade KLAY Futures Contracts during the TOP Trading Event period will automatically join the event. The Top 5 traders with the highest trading volume on the KLAY Futures Contract (Sum Taker, Maker, and Hidden Orders) will share a total pool of 10,000 KLAY.

(Please refer below for the prize pool distribution.)

EVENT DETAILS

1) Ranking Criteria

- Event Period: September 17, 2020 @ 7:00 AM ~ October 16, 2020 @ 6:00 AM UTC

- Contract: KLAY Futures Contract

- Trading Volume: Top 5 Traders who have deposited 0.01 BTC with highest trading volume (Sum Taker, Maker, Hidden Orders) during the event period

2) Prize Pool Distribution

1st : 4,500 KLAY
2nd : 2,500 KLAY
3rd : 1,500 KLAY
4th : 1,000 KLAY
5th : 500 KLAY

3) KLAY Futures Contract Trading Volume Ranking

The daily rankings will be announced through telegram (https://t.me/mycoinstory_en) at 6am UTC each day until the event ends.

4) Winner Announcement and KLAY Distribution

Winner Announcement: October 16, 2020 @ 8:00 AM
Distribution: A google form will be sent to the winners and the prize KLAY will be sent within 3 business days upon submission.

RULES

1️⃣ If the trading volume is tied, the trader registered earlier on MCS will be prioritized.
2️⃣ Traders who use unfair methods or engage in behaviors that interfere with the smooth operation of the event are not eligible for the prize.
3️⃣ Only traders who have deposited 0.01 BTC will be eligible to participate in this event
4️⃣ This competition is organized and run by MCS, and the final interpretation of the event is on the MCS. Some conditions can possibly be changed and canceled depending on the circumstances.

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MCS | INTRODUCING SUN MONTHLY FUTURES CONTRACTS

Tron's DeFi project SUN's Quanto Futures Contract is NOW LIVE on MCS.

https://blog.mycoinstory.com/content/images/size/w1000/2020/09/SUN_1024x512_en_res.jpg

WHAT IS SUN?

The SUN token is an experimental DeFi project initiated by the Tron Foundation. The characteristic of the SUN token is that it is operated 100% by the SUN community without any venture capitals (VCs), private equity investments, and team distribution. For more information on SUN, please check the links below.

SUN Website: https://sun.io/ (https://sun.io/)[/url]
SUN Twitter : https://twitter.com/defi_sunio (https://twitter.com/defi_sunio)
SUN Whitepaper: https://sun.io/docs/sun_whitepaper_en.pdf (https://sun.io/docs/sun_whitepaper_en.pdf)
MCS | SUN Report: https://drive.google.com/file/d/1tI9GZifjRV6PJnUT9MMcdvVOhE7XR6f9/view?usp=sharing (https://drive.google.com/file/d/1tI9GZifjRV6PJnUT9MMcdvVOhE7XR6f9/view?usp=sharing)

SUN QUANTO FUTURES CONTRACT DETAILS

A quanto contract refers to a derivative instrument that is settled as another asset instead of either the base currency or the counter currency in the trading pair. MCS's first quanto product, KLAY/USDT Futures, is settled in BTC with a BTC margin, not in its base currency USDT or its counter currency KLAY.

KLAY QUANTO FUTURES

🔹 Dates : 18th of September 2020 6AM ~ 16th of October 2020 6AM (UTC)
- SUN Contract Specifications : https://mycoinstory.com/contract/feature/SUNUSDT (https://mycoinstory.com/contract/feature/SUNUSDT)
- SUN Contract Calculation Formula : https://help.mycoinstory.com/hc/en-us/sections/900000392263-Futures-Contract (https://help.mycoinstory.com/hc/en-us/sections/900000392263-Futures-Contract)

For inquiries related to SUN futures contracts, please contact us through Live Chat or Telegram (http://t.me/mycoinstory_en).

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MCS | Ethereum Perpetual Contract Release

Ethereum Perpetual Contract is NOW LIVE on MCS.

https://blog.mycoinstory.com/content/images/size/w1000/2020/10/ETH_1024x512_en_res.jpg

WHAT IS ETHEREUM?

Ethereum, with a market capitalization of $400 billion as of October 5, 2020, ranks second after Bitcoin. Ethereum was designed by a Russian Canadian developer Vitalik Buterin in 2013, and is a blockchain platform that has implemented smart contracts on blockchain. Currently, Ethereum is being mined using the Proof of Work (PoW) method, but it will be changed to Proof of Stake (PoS) through the Ethereum 2.0 update later this year.

Ethereum Website : https://ethereum.org/en/ (https://ethereum.org/en/)
Ethereum Twitter : https://twitter.com/ethereum (https://twitter.com/ethereum)
Ethereum Whitepaper : https://github.com/ethereum/wiki/wiki/White-Paper (https://github.com/ethereum/wiki/wiki/White-Paper)
MCS | Ethereum Report : https://drive.google.com/file/d/1ROOSuKKc_rywDBpY_qFfEXulawGQvyXp/view?usp=sharing (https://drive.google.com/file/d/1ROOSuKKc_rywDBpY_qFfEXulawGQvyXp/view?usp=sharing)

ETHEREUM PERPETUAL CONTRACT DETAILS

Trade Open : 8th of October 2020 8AM (UTC)
Ethereum Contract Specifications : https://mycoinstory.com/contract/perpetual/ETHUSDT (https://mycoinstory.com/contract/perpetual/ETHUSDT)
Ethereum Contract Calculation Formula : https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

For inquiries related to SUN futures contracts, please contact us through Live Chat or Telegram (http://t.me/mycoinstory_en).

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MCS | Now Supporting 150x Leverage for BTC/USDT Perpetual Contract

Maximum leverage applicable for MCS BTC/USDT perpetual contracts has been adjusted to 150X.

https://blog.mycoinstory.com/content/images/size/w1000/2020/10/50x_SNS1024512_eng.jpg

MCS BTC/USDT Perpetual Contracts' Leverage Now Supports 150X

Before adjustment
Applicable leverage 100X max

After adjustment (available from October 8th, 2020 at 8AM (UTC))
Applicable leverage 150X max

Adjusting the leverage will also make changes to the liquidation price. Please keep this in mind when trading.

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MCS | KLAY Perpetual Contract Release

https://blog.mycoinstory.com/content/images/2020/10/Klay_1024x512_en_res.jpg

What is KLAY?

Klaytn is a public blockchain platform developed by Ground X, a subsidiary of Kakao Corporation. Klaytn provides an easy and user-friendly environment for development in order to verify the value and usefulness of blockchain technology by providing blockchain services for mass adoption. The native currency of the Klaytn blockchain is KLAY.

Klaytn Official Website: https://www.klaytn.com/ (https://www.klaytn.com/)
Klaytn Twitter: https://twitter.com/klaytn_official (https://twitter.com/klaytn_official)
Klaytn Position Paper: https://www.klaytn.com/Klaytn_PositionPaper_V2.1.0.pdf (https://www.klaytn.com/Klaytn_PositionPaper_V2.1.0.pdf)
Klaytn Token Economy & Governance Paper Paper: https://www.klaytn.com/Klaytn_Token_Economics_and_Governance_Paper_V1.01.pdf (https://www.klaytn.com/Klaytn_Token_Economics_and_Governance_Paper_V1.01.pdf)
MCS | Klaytn Report: https://drive.google.com/file/d/1DHddf7QA4jfkTFAXoF5QbNaZF0nb_68l/view?usp=sharing (https://drive.google.com/file/d/1DHddf7QA4jfkTFAXoF5QbNaZF0nb_68l/view?usp=sharing)

KLAY Perpetual Contract Details

Trade Open: October 20, 2020 @ 06:00 (UTC)
KLAY Perpetual Contract Specifications: : https://mycoinstory.com/contract/perpetual/KLAYUSDT (https://mycoinstory.com/contract/perpetual/KLAYUSDT)
KLAY Perpetual Contract Calculation Formula:
https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

For inquiries about KLAY Quanto product, please contact us via the MCS Live Chat or the official MCS Telegram.

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MCS | LUNA Futures Contract Release

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LUNA Future Contract is NOW LIVE on MCS!

What is LUNA?

LUNA is a cryptocurrency for price stabilization of TERRA, a stable coin. TERRA is a stablecoin for payment of Terra Protocol. LUNA is a mining-type cryptocurrency to stabilize the price of TERRA. When the price of the stablecoin Terra goes down, additional LUNA is issued to absorb the circulation of TERRA and It was created to keep the price stable.

LUNA Official Website: https://terra.money/ (https://terra.money/)
LUNA Twitter: https://twitter.com/terra_money (https://twitter.com/terra_money)
LUNA Whitepaper: https://terra.money/Terra_White_paper.pdf (https://terra.money/Terra_White_paper.pdf)
MCS | LUNA Report: https://drive.google.com/file/d/1dXfEdlTOmpV90auiSb2rGRY-4VtQkQNu/view?usp=sharing (https://drive.google.com/file/d/1dXfEdlTOmpV90auiSb2rGRY-4VtQkQNu/view?usp=sharing)

LUNA Futures Contract Details

Trade Open: October 22, 2020 @ 06:00 ~ November 27, 2020 @ 06:00 (UTC)
LUNA Futures Contract Specifications: : https://mycoinstory.com/contract/feature/LUNAUSDT (https://mycoinstory.com/contract/feature/LUNAUSDT)
LUNA Futures Contract Calculation Formula:
https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

For inquiries about LUNA Futures product, please contact us via the MCS Live Chat or the official MCS Telegram.

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MCS | LUNA Futures Event : TOP Trading Event

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The LUNA Futures Contract will be released on the 22nd of October 2020!⭐️ To celebrate the release of the LUNA Futures Contract, we will be holding a ⭐️LUNA Futures Contract TOP Trading Event!⭐️ With a total 60,000 LUNA up for grabs,💸 we hope many MCS traders participate in the TOP Trading Event. The details are as follows.

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LUNA FUTURES CONTRACT TOP TRADING EVENT

Traders who trade LUNA Futures Contracts during the TOP Trading Event period will automatically join the event. The Top 5 traders with the highest trading volume on the LUNA Futures Contract (Sum Taker, Maker, and Hidden Orders) will share a total pool of 60,000 LUNA.

(Please refer below for the prize pool distribution.)

EVENT DETAILS

1) Ranking Criteria

- Event Period: October 22, 2020 @ 6:00 AM ~ November 27, 2020 @ 6:00 AM UTC

- Contract: LUNA Futures Contract

- Trading Volume: Top 5 Traders who have deposited 0.01 BTC with highest trading volume (Sum Taker, Maker, Hidden Orders) during the event period

2) Prize Pool Distribution

1st : 27,000 LUNA
2nd : 15,000 LUNA
3rd : 9,000 LUNA
4th : 6,000 LUNA
5th : 3,000 LUNA

3) LUNA Futures Contract Trading Volume Ranking

The daily rankings will be announced through telegram (https://t.me/mycoinstory_en) at 6am UTC each day until the event ends.

4) Winner Announcement and LUNA Distribution

Winner Announcement: November 27, 2020 @ 8:00 AM
Distribution: A google form will be sent to the winners and the prize LUNA will be sent within 3 business days upon submission.

RULES

1️⃣ If the trading volume is tied, the trader registered earlier on MCS will be prioritized.
2️⃣ Traders who use unfair methods or engage in behaviors that interfere with the smooth operation of the event are not eligible for the prize.
3️⃣ Only traders who have deposited 0.01 BTC will be eligible to participate in this event
4️⃣ This competition is organized and run by MCS, and the final interpretation of the event is on the MCS. Some conditions can possibly be changed and canceled depending on the circumstances.

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MCS | Bitcoin Cash Perpetual Contract Release

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Bitcoin Cash Perpetual Contract is NOW LIVE on MCS!

What is Bitcoin Cash?

The market cap of Bitcoin Cash (BCH), as of October 23, 2020, was 5 billion USD which was fifth place in the cryptocurrency market cap. From the point of the release of the Bitcoin's SegWit protocol which had a purpose of increasing the storage capacity per block of existing Bitcoin (BTC), Bitcoin Cash (BCH) was launched on August 1, 2017, by Chines Bitcoin miners like BItmain (CEO Jihan Wu), viaBTC, and others.

For more information on Bitcoin Cash, please refer to the following links:

Bitcoin Cash Official Website: https://www.bitcoincash.org/ (https://www.bitcoincash.org/)
Bitcoin Cash Twitter: https://twitter.com/bitcoincashorg (https://twitter.com/bitcoincashorg)
Bitcoin Cash Whitepaper: https://www.bitcoincash.org/whitepaper/ (https://www.bitcoincash.org/whitepaper/)
MCS | Bitcoin Cash Report: https://drive.google.com/file/d/1b4aKsKqWYA79aLc1HX54bnni_6CGFqMe/view?usp=sharing (https://drive.google.com/file/d/1b4aKsKqWYA79aLc1HX54bnni_6CGFqMe/view?usp=sharing)

Bitcoin Cash Perpetual Contract Details

Trade Open: October 28, 2020 @ 06:00 (UTC)
Bitcoin Cash Contract Specifications: : https://mycoinstory.com/contract/perpetual/BCHUSDT (https://mycoinstory.com/contract/perpetual/BCHUSDT)
Bitcoin Cash Contract Calculation Formula:
https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

For inquiries about Bitcoin Cash perpetual product, please contact us via the MCS Live Chat or the official MCS Telegram.

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MCS | Chainlink Perpetual Contract Release

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Chainlink Perpetual Contract is NOW LIVE on MCS!

What is Chainlink?

Chainlink is a blockchain middleware platform and cryptocurrency used to connect smart contracts of the blockchain to data, payments, APIs, and more outside the blockchain. Chainlink plays a role in helping various smart contracts operating based on Ethereum to easily connect with data in the real world.

For more information on Chainlink, please refer to the following links:

Chainlink Official Website: https://chain.link/ (https://chain.link)
Chainlink Twitter: https://twitter.com/chainlink (https://twitter.com/chainlink)
Chainlink Whitepaper: https://link.smartcontract.com/whitepaper (https://link.smartcontract.com/whitepaper)
MCS | Chainlink Report: https://drive.google.com/file/d/1UNDTy08arSsWR9EB4jYri1ucb0hFkLTQ/view?usp=sharing (https://drive.google.com/file/d/1UNDTy08arSsWR9EB4jYri1ucb0hFkLTQ/view?usp=sharing)

Chainlink Perpetual Contract Details

Trade Open: October 28, 2020 @ 06:00 (UTC)
Chainlink Contract Specifications: : https://mycoinstory.com/contract/perpetual/LINKUSDT (https://mycoinstory.com/contract/perpetual/LINKUSDT)
Chainlink Contract Calculation Formula:
https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

For inquiries about Chainlink perpetual product, please contact us via the MCS Live Chat or the official MCS Telegram.

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MCS | Litecoin (LTC) & Polkadot (DOT) Perpetual Contract Release

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Litecoin (LTC) & Polkadot (DOT) Perpetual Contracts are NOW LIVE on MCS!

What is Litecoin (LTC)?

Litecoin (LTC) is a cryptocurrency hard forked from Bitcoin (BTC). It was created on October 7, 2011, under the banner of "If Bitcoin (BTC) is digital gold, Litecoin (LTC) is digital silver'. Litecoin (LTC) is the third cryptocurrency that appeared in the world, and it enables faster transactions than Bitcoin (BTC) and significantly reduces the time required per transaction.

For more information on Litecoin, please refer to the following links:

Litecoin Website: https://litecoin.org/ (https://litecoin.org/)
Litecoin Twitter: https://twitter.com/LitecoinProject (https://twitter.com/LitecoinProject)
MCS | Litecoin Report: https://drive.google.com/file/d/1If1yeW7mDVJIvllCyUropgBLFrcL09sP/view?usp=sharing (https://drive.google.com/file/d/1If1yeW7mDVJIvllCyUropgBLFrcL09sP/view?usp=sharing)

What is Polkadot (DOT)?

Polkadot, which appeared in the world through a successful ICO in 2017, is an interchain blockchain project led by Gavin Wood, a former Ethereum co-founder and the CTO. Polkadot, which started with the goal of connecting various blockchains, is aiming to reproduce the history of "www", connecting the global Internet as one, in the blockchain industry. Famous cryptocurrency venture capitals such as Boost VC, Pantera Capital, and Polychain Capital invested in this project.

For more information on Polkadot, please refer to the following links:

Polkadot Website: https://polkadot.network/ (https://polkadot.network/)
Polkadot Whitepaper: https://polkadot.network/PolkaDotPaper.pdf (https://polkadot.network/PolkaDotPaper.pdf)
MCS | Polkadot Report: https://drive.google.com/file/d/1GE8o24SOzUFtVLaOgMwpI2QzqQxr4zRh/view?usp=sharing (https://drive.google.com/file/d/1GE8o24SOzUFtVLaOgMwpI2QzqQxr4zRh/view?usp=sharing)

Litecoin (LTC) & Polkadot (DOT) Perpetual Contract Details

Trade Open: 4th of November 2020 6AM (UTC)
Litecoin (LTC) Contract Specifications: : https://mycoinstory.com/contract/perpetual/LTCUSDT (https://mycoinstory.com/contract/perpetual/LTCUSDT)
Polkadot (DOT) Contract Specifications: : https://mycoinstory.com/contract/perpetual/DOTUSDT (https://mycoinstory.com/contract/perpetual/DOTUSDT)
Perpetual Contract Calculation Formula:
https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

For inquiries about Litecoin (LTC) & Polkadot (DOT) perpetual product, please contact us via the MCS Live Chat or the official MCS Telegram.

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MCS | BTC Dominance Futures Contract Release

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BTC Dominance Futures Contract is NOW LIVE on MCS!

What is BTC Dominance?

Bitcoin dominance is also known as the market share of Bitcoin in the cryptocurrency industry. When looking at the price of Bitcoin and other altcoins in the cryptocurrency market, some move with the price of Bitcoin, while others move in reverse. A useful concept in understanding this behavior is Bitcoin dominance, which refers to the share of Bitcoins in the total market capitalization of cryptocurrencies.

For more information on BTC Dominance, please refer to the following link:

MCS | BTC Dominance Quick Guide: https://drive.google.com/file/d/19TST25Pv3WEMWpWQyil8YUx7cFfeAsoL/view?usp=sharing (https://drive.google.com/file/d/19TST25Pv3WEMWpWQyil8YUx7cFfeAsoL/view?usp=sharing)

BTC Dominance Futures Contract Details

Trade Open: 9th of November 2020 6AM ~ 9th of December 2020 6AM (UTC)
BTC Dominance Contract Specifications: : https://mycoinstory.com/contract/feature/BTCDOM (https://mycoinstory.com/contract/feature/BTCDOM)
BTC Dominance Contract Calculation Formula:
https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

For inquiries about BTC Dominance Futures contract, please contact us via the MCS Live Chat or the official MCS Telegram.

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MCS | Stellar Lumens (XLM) Perpetual & UMA (UMA) Futures Contracts Release

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Stellar Lumens (XLM) Perpetual & UMA (UMA) Futures Contracts are NOW LIVE on MCS!

What is Stellar Lumens (XLM)?

Stellar Lumens (XLM), also known as an upgraded version of Ripple (XRP), is a blockchain-based open-source protocol created for international remittances. It focuses on overseas remittances and settlements for individuals, banks, and remittance companies, and financial system development in developing countries. Stellar Lumens (XLM) is a platform that connects banks, payment systems, and people, and has the advantage of being able to move funds easily, quickly, and reliably with nearly zero fees.

For more information on Stellar Lumens, please refer to the following links:

Stellar Lumens Website: https://www.stellar.org (https://www.stellar.org)
Stellar Lumens Whitepaper: https://www.stellar.org/papers/stellar-consensus-protocol.pdf (https://www.stellar.org/papers/stellar-consensus-protocol.pdf)
Stellar Lumens Twitter: https://twitter.com/stellarorg (https://twitter.com/stellarorg)
MCS | Stellar Lumens Report: https://bit.ly/32yzvZx (https://bit.ly/32yzvZx)

What is UMA (UMA)?

UMA stands for Universal Market Access and is a protocol for creating synthetic assets based on the Ethereum (ETH) blockchain. Synthetic assets represent different underlying assets and refer to assets of the same value. UMA's users can digitize and automate real-world financial derivatives such as futures, contracts for difference (CFD), or total return swap (TRS) through UMA.

For more information on UMA, please refer to the following links:

UMA Website: https://umaproject.org (https://umaproject.org)
UMA Whitepaper: https://github.com/UMAprotocol/whitepaper (https://github.com/UMAprotocol/whitepaper)
MCS | UMA Report: https://bit.ly/3lxrgol (https://bit.ly/3lxrgol)

Stellar Lumens (XLM) Perpetual Contract Details

Trade Open: 11th of November 2020 6AM (UTC)
Stellar Lumens (XLM) Contract Specifications: : https://mycoinstory.com/contract/perpetual/XLMUSDT (https://mycoinstory.com/contract/perpetual/XLMUSDT)
Perpetual Contract Calculation Formula: https://bit.ly/3kO1vQh (https://bit.ly/3kO1vQh)

UMA (UMA) Futures Contract Details

Trade Open: 11th of November 2020 6AM ~ 9th of December 2020 6AM (UTC)
UMA (UMA) Contract Specifications: : https://mycoinstory.com/contract/feature/UMAUSDT (https://mycoinstory.com/contract/feature/UMAUSDT)
Futures Contract Calculation Formula: https://bit.ly/3kO1vQh (https://bit.ly/3kO1vQh)

For inquiries about Stellar Lumens (XLM) Perpetual & UMA (UMA) Futures contracts, please contact us via the MCS Live Chat or the official MCS Telegram.

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MCS | THE WORLD'S FIRST BITCOIN CASH (BCHA) FUTURES CONTRACT

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#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

MCS has successfully launched the world's first Bitcoin Cash (BCH) hard forked Bitcoin Cash ABC (BCHA) futures contract as of November 18, 2020!🎉

💸 WHAT IS BITCOIN CASH ABC?

Bitcoin Cash ABC is a cryptocurrency of a blockchain that had been hard forked at block 661648 on the Bitcoin Cash (BCH) network. Bitcoin ABC, a major development camp of the existing Bitcoin Cash (BCH), and BCHN, a miner camp, confronted over the adaptation of the 'Coinbase Rule' (a rule that compulsory allocates part of the mining rewards to the wallet designated to sponsor development funds). Both parties could not come to a consensus, resulting in a split. As a result, the BCHN camp's overwhelming share of hash rate was secured, and the existing BCH ticker was succeeded by the BCHN chain, and the BTCA chain's Bitcoin Cash ABC became the currency of the new chain.

For more information on Bitcoin Cash ABC, please refer to the following links:

🔸 Bitcoin Cash ABC Website : https://www.bitcoinabc.org/ (https://www.bitcoinabc.org/)

🔸 Bitcoin Cash ABC Twitter : https://twitter.com/bitcoin_abc (https://twitter.com/bitcoin_abc)

❗️ Bitcoin Cash ABC's cryptocurrency report will be updated as more information is available after BCHA's network is stabilized.

💸 BITCOIN CASH FUTURES CONTRACT DETAILS

🔸 Trade Open : 28th of October 2020 6:30AM ~ 16th of December 2020 6AM (UTC)

🔸 Bitcoin Cash ABC Contract Specifications: https://mycoinstory.com/contract/future/BCHAUSDT (https://mycoinstory.com/contract/future/BCHAUSDT)

🔸 Bitcoin Cash ABC Contract Calculation Formula : https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

❗️ Bitcoin Cash ABC is expected to experience great volatility due to an unstable network after the chain was separated. In the worst case, there may be situations where the Bitcoin ABC network cannot continue, so MCS traders should pay special attention to this point before trading.

For inquiries related to Bitcoin Cash ABC (BCHA) Futures Contracts, please contact us via the MCS Live Chat or the official MCS Telegram.

Traders ALWAYS come first on MCS.

Thank you.

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MCS | INTRODUCING TMTG MONTHLY FUTURES CONTRACTS (2ND)

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#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

The 2nd TMTG Futures Contract with the settlement date of December 16, 2020 is NOW LIVE on MCS.

WHAT IS TMTG(THE MIDAS TOUCH GOLD)?

TMTG (The Midas Touch Gold) is a utility token that acts as a medium to maintain and support the ecosystem of the Digital Gold Exchange (DGE), and is used as a means of purchasing cryptocurrency and gold on the exchanges. Digital Gold Exchange (DGE) is a platform where you can buy and sell TMTG for physical and digital gold. You can use TMTG tokens to convert your digital gold to physical gold.

For more information on TMTG, please check the links below.

🔹 TMTG Website : https://dgex.io/ (https://dgex.io/)

🔹 TMTG Telegram : https://t.me/Official_TMTG (https://t.me/Official_TMTG)

🔹 TMTG Twitter : https://twitter.com/OfficialTMTG (https://twitter.com/OfficialTMTG)

🔹 TMTG Whitepaper : https://dgex.io/dist/img/upload/whitepaper/tmtg_en.pdf?1600742505208 (https://dgex.io/dist/img/upload/whitepaper/tmtg_en.pdf?1600742505208)

🔹 MCS | TMTG Report : https://drive.google.com/file/d/1Zxr_weHj7o9GJvtrfjJdpkjGusqm4Ezz/view?usp=sharing (https://drive.google.com/file/d/1Zxr_weHj7o9GJvtrfjJdpkjGusqm4Ezz/view?usp=sharing)

TMTG FUTURES CONTRACT DETAILS

🔹 Dates : 18th of November 2020 6:30AM ~ 16th of December 2020 6AM (UTC)

🔹 TMTG Contract Specifications : https://mycoinstory.com/contract/feature/TMTGUSDT (https://mycoinstory.com/contract/feature/TMTGUSDT)

🔹 TMTG Contract Calculation Formula : https://help.mycoinstory.com/hc/en-us/sections/900000392263-Futures-Contract (https://help.mycoinstory.com/hc/en-us/sections/900000392263-Futures-Contract)

For inquiries related to SUN (SUN) Futures contracts, please contact us via the MCS Live Chat or the official MCS Telegram.

Traders ALWAYS come first on MCS

Thank You.

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MCS | USD 1,200 WORTH BITCOIN AIRDROP EVENT (100% WIN RATE)

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#Be_a_Trader

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

We are holding an unprecedented Bitcoin airdrop event to repay the support our Traders send to MCS. To learn more about the event, please refer to the following.

DEPOSIT BITCOIN TO MCS AND GET BITCOIN AIRDROP!

If you deposit Bitcoin to MCS during the event period, we will give you a Bitcoin bonus of up to USD 1,200 depending on the amount deposited.

💲 BTC BONUS ACCORDING TO DEPOSIT AMOUNT

> Net deposit of 0.05 BTC or more → USD 50 worth of BTC bonus payment

> Net deposit of 0.1 BTC or more → USD 100 worth of BTC bonus payment

> Net deposit of 0.5 BTC or more → USD 300 worth of BTC bonus payment

> Net deposit of 1.5 BTC or more → USD 550 worth of BTC bonus payment

> Net deposit of 3 BTC or more → USD 1,200 worth of BTC bonus payment

❗️Net deposit amount = Total deposit amount during the event period-Total withdrawal amount

EVENT DURATION

🔷Event start: November 18, 2020 09:00 AM (UTC)
🔷Event ends: December 23, 2020 09:00 AM (UTC)
🔷Gift payment date: Batch processing on December 24, 2020

PLEASE NOTES

Deposits between MCS accounts are not accepted.
Traders who use unfair methods or conduct behaviors that interfere with the smooth operation of the event are not eligible for payment.
MCS can operate multiple accounts, but participation in this event is limited to one account per person. When one person participates in the event with multiple accounts, all of the accounts are excluded from payment.
The bonuses paid through the event can be used as trading margin, and will be automatically used in the ratio of 5:5 to my assets for commissions, transaction loss expenses and funding expenses.
Traders can withdraw profits earned from the bonus. However, the rewarded bonuses will be recalled upon any withdrawal. If the trader cancels the withdrawal request, the recalled bonuses will be restored.
This event is organized and run by MCS, and the final interpretation of the event is on the MCS. Some conditions can possibly be changed and canceled depending on the circumstances.

Traders ALWAYS come first on MCS

Thank You.

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MCS | THE OFFICIAL OPEN API IS HERE!

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#Be_a_Trader

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

The Open API of MCS has been officially opened.

Now, you can create various apps and programs by using the Open API provided by MCS.

Here is the link to the MCS API:

MCS API: https://api.mycoinstory.com/docs/index.html (https://api.mycoinstory.com/docs/index.html)

The MCS Open API will continue to improve its usability and strive to provide a development environment that allows many traders to easily create various apps and programs.

Traders ALWAYS come first on MCS

Thank You.

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MCS | THE INDUSTRY'S LOWEST MMR FOR BTCUSDT PERPETUAL CONTRACT

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#Be_a_Trader

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

The Maintenance Margin Rate (MMR) for BTCUSDT perpetual contracts on MCS has been lowered from 0.5% to 0.35%. For more details, please refer to the following.

MCS BTCUSDT PERPETUAL CONTRACT MMR ADJUSTMENT

> Adjustment applied to BTCUSDT Perpetual Contract

> Before the Adjustment: 0.5%

> After the Adjustment: 0.35%

> Effective Date: As of November 20, 2020 @ 04:00

PLEASE NOTE

The new maintenance margin rate is applied to the positions created after the effective date. Positions created before the effective date will keep the previous MMR of 0.5%.

FAQ

Q1. WHAT IS THE MAINTENANCE MARGIN RATE (MMR)?

A1. A position's maintenance margin is the minimum margin required to hold a position. When the margin of the position reaches the maintenance margin, liquidation occurs.

Q2. WHAT CHANGES WHEN THE MMR IS LOWERED?

A2. When the maintenance margin rate decreases, the margin required to hold the position also decreases. The liquidation price is calculated based on the position's margin and the maintenance margin ratio (MMR), so when the maintenance margin ratio (MMR) is lowered, it has the effect of further distancing the liquidation price of a position from the position entry price. This adds an advantage to MCS traders.

Q3. PLEASE COMPARE THE NEW MAINTENANCE MARGIN RATE ON MCS WITH THE ONES ON MAJOR EXCHANGES.

A3. The 0.35% maintenance margin rate (MMR) applied to MCS is the lowest maintenance margin rate (MMR) in the derivatives exchange industry.

https://blog.mycoinstory.com/content/images/size/w1000/2020/11/mmr_table-01.png

Q4. HOW IS THE LOWERED MAINTENANCE MARGIN RATE BETTER FOR ME? PLEASE ELABORATE.

A4. Trader A entered a long position of 20,000 contracts with 100x leverage using 0.01 BTC at a price of $20,000 BTC. Here are the maintenance margins and liquidation prices based on the previous and the new maintenance margin rate (MMR):

Case 1: Maintenance Margin Rate (MMR) 0.5%
When the maintenance margin ratio (MMR) is 0.5%, the maintenance margin for this position is 0.005 BTC*, and the liquidation price is $19,900.49**.

* Maintenance Margin = Position Quantity / Order Price * Maintenance Margin Rate
0.005 = 20,000 / 20,000 * 0.005

** Liquidation Price = (Order Price * Leverage) / [Leverage +1 - (Maintenance Margin * Leverage)]
19,900.49 = (20,0000 * 100) / [100 + 1 - (0.005 * 100)]

Case 2: Maintenance Margin Rate (MMR) 0.35%
When the maintenance margin ratio (MMR) is 0.35%, the maintenance margin for this position is 0.0035 BTC*, and the liquidation price for this position is $19,870.83**.

* Maintenance Margin = Position Quantity / Order Price * Maintenance Margin Rate
0.0035 = 20,000 / 20,000 * 0.0035

** Liquidation Price = (Order Price * Leverage) / [Leverage +1 - (Maintenance Margin * Leverage)]
19,870.83 = (20,0000 * 100) / [100 + 1 - (0.0035 * 100)]

It is very apparent that a position can have a better maintenance margin and a liquidation price when the maintenance margin rate is lowered.

For inquiries related to the new Maintenance Margin Rate, please contact us through Live Chat or Telegram.

Traders ALWAYS come first on MCS

Thank You.

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MCS | INTRODUCTION TO THE MCS MARKET MAKER (MM) PROGRAM

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#Be_a_Trader

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

The MCS Market Maker (MM) program has been officially launched on MCS, and MCS is looking for Market Makers worldwide who want to be MCS partners and flourish together.

The benefits offered by MCS for Market Makers (MM) are as follows:

MCS MARKET MAKER (MM) PROGRAM WITH UNPRECEDENTED BENEFITS!

> Offer exceptional commission benefits according to monthly trading volume

> Provide higher API limits

> 24-hour hotline support by assigning a dedicated 1-on-1 manager

> Effective Date: As of November 20, 2020 @ 04:00

PLEASE NOTE

> If you have a record of trading volume from other exchanges, it can be used as a reference to review your application for the MCS Market Maker (MM) program. Please remember that MCS offers the industry's best commission benefits depending on your monthly trading volume.

> If you are an MCS Market Maker (MM), you are ineligible for the MCS Affiliate program.

> The trading fee table will be determined through discussions.

MCS MARKET MAKER (MM) PROGRAM APPLICATION:

To apply for the MCS Market Maker (MM) program, please send an email to partner@mycoinstory.com.

! For a faster review, please send us your Telegram ID, a screenshot of the trading volume that can prove the monthly trading volume from other exchanges, and a brief introduction to your company or yourself.
! Upon receiving the application, the MCS Team will get back to you within 24 hours via the submitted Telegram ID or your email.

For inquiries related to the Market Maker Program, please contact us through Live Chat or Telegram.

Traders ALWAYS come first on MCS

Thank You.

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MCS | INTRODUCTION TO THE MCS AFFILIATE PROGRAM (UP TO 40% COMMISSION)

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#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

The MCS Affiliate Program will be launching soon on MCS. We have prepared many benefits for our Traders including the industry-leading 40% commission. For more information, please refer to the following.

🕶 MCS AFFILIATE PROGRAM

The MCS Affiliate Program is a win-win program that enables the mutual benefit of influencers (YouTubers, bloggers, etc.) and MCS. As an influencer, you can become an affiliate of MCS and receive a real-time commission settlement of 40% of the trading fee of referees, as well as a variety of industry-leading additional benefits.

👑 MCS AFFILIATE INDUSTRY'S BEST BENEFITS

1. Industry-leading commission
When you become an MCS affiliate, 40% of the trading fees of direct referees you brought are paid to you as a commission. In addition, we provide a 10% additional commission when you bring sub-affiliates.

2. Real-time Commission Settlement
MCS Affiliates do not have to wait for their commissions to be paid. All affiliate commissions are settled in real-time.

3. Dedicated 1-on-1 Management
Get quick support from your dedicated manager who is available 24/7

4. Affiliate-Only Dashboard
MCS Affiliates can check data transparently in real-time through a dedicated dashboard.

👉 REQUIREMENTS FOR MCS AFFILIATE APPLICATION

You must have your own SNS (YouTube, Blog, Telegram Group, etc).
For affiliates of other exchanges, if you can provide relevant references, it will be beneficial for affiliate review.
For more information on the MCS Affiliate Program, please visit the following page:

MCS Affiliate Program: https://mycoinstory.com/promotions/affiliate
❗️ To apply for an MCS Affiliate, please use the MCS Affiliate page.

If you have any inquiries related to the MCS Affiliates Program, please contact partner@mycoinstory.com. All MCS Affiliate inquiries will be answered within 24 hours.

Traders ALWAYS come first on MCS.

Thank You.

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MCS | RIPPLE (XRP) & LUNA (LUNA) PERPETUAL CONTRACT RELEASE

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#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

Ripple (XRP) & Luna (LUNA) Perpetual Contracts are NOW LIVE on MCS!🎉

💸 WHAT IS RIPPLE (XRP)?

Ripple (XRP) is a blockchain project launched in 2012 and is currently leading the market as one of the largest cryptocurrencies in the world. As of November 23, 2020, with a market cap of USD 20.5 billion based on CoinMarketCap. It is ranked third in the market cap of cryptocurrencies after Bitcoin (BTC) and Ethereum (ETH). Ripple (XRP) aims to provide fast, affordable and reliable global payments.

For more information on Ripple, please refer to the following links:

💸 Ripple Website: https://ripple.com/ (https://ripple.com/)
💸 Ripple Twitter: https://twitter.com/Ripple (https://twitter.com/Ripple)
💸 Ripple Whitepaper: https://ripple.com/files/ripple_consensus_whitepaper.pdf (https://ripple.com/files/ripple_consensus_whitepaper.pdf)
💸 MCS | Ripple Report : https://bit.ly/3lYW5m0 (https://bit.ly/3lYW5m0)

🌙 WHAT IS LUNA (LUNA)?

LUNA is a cryptocurrency for price stabilization of TERRA, a stable coin. TERRA is a stablecoin for payment of Terra Protocol. LUNA is a mining-type cryptocurrency to stabilize the price of TERRA. When the price of the stablecoin Terra goes down, additional LUNA is issued to absorb the circulation of TERRA and It was created to keep the price stable.

For more information on LUNA, please check the links below.

🌙 LUNA Website: https://terra.money/ (https://terra.money/)
🌙 LUNA Twitter: https://twitter.com/terra_money (https://twitter.com/terra_money)
🌙 LUNA Whitepaper: https://terra.money/Terra_White_paper.pdf
🌙 MCS | LUNA Report: https://bit.ly/2UZasdS (https://bit.ly/2UZasdS)

⏰ RIPPLE (XRP) & LUNA (LUNA) PERPETUAL CONTRACT DETAILS

🔸 Trade Open : 25th of November 2020 6:30AM (UTC)
🔸 Ripple (XRP) Contract Specifications : https://mycoinstory.com/contract/perpetual/XRPUSDT (https://mycoinstory.com/contract/perpetual/XRPUSDT)
🔸 Luna (LUNA) Contract Specifications : https://mycoinstory.com/contract/perpetual/LUNAUSDT (https://mycoinstory.com/contract/perpetual/LUNAUSDT)
🔸 Perpetual Contract Calculation Formula : https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas (https://help.mycoinstory.com/hc/en-us/articles/900002192163-Quanto-Futures-Contract-Formulas)

For inquiries related to Ripple (XRP) & Luna (LUNA) Perpetual Contracts, please contact us through Live Chat or Telegram.

Traders ALWAYS come first on MCS.

Thank you.

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MCS | ADIEU 2020, THE LAST EVENT OF THE YEAR!

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#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

2020, a truly eventful year, has only 15 days left. MCS has prepared the last trading event of the year to present a joyful year-end to MCS traders.

Adieu 2020! MCS Trading Event

MCS will give traders Bitcoin bonuses worth up to USD 1,000 depending on the cryptocurrency trading volume during the event period.

💘 BTC Bonus Based On The Trading Volume
- More than 500,000 Contracts → 50 USDT worth of BTC bonus
- More than 1 million contracts → 100 USDT worth of BTC bonus
- More than 3 million contracts → 300 USDT worth of BTC bonus
- More than 5 million contracts → 500 USDT worth of BTC bonus
- More than 10 million contracts → 1,000 USDT worth of BTC bonus

Event Period:

December 17, 2020 (Thu) 06:00 ~ December 31, 2020 (Thu) 14:59:59 (UTC)

Subject:

All Perpetual Contracts on the MCS Trading Platform

Bonus Giveaway:

Within January 1, 2020 (Fri)

Please Note

1️⃣ The trading volume of this event is calculated by the number of contracts. (Maker order, Taker order, Hidden order added together)
ex) If you trade 500,000 Bitcoin Perpetual Contract and 1 million Chainlink Perpetual Contract, a total of 1.5 million contracts will be counted.

2️⃣ Participation in the event in an inappropriate manner, such as creating multiple accounts for the purpose of event rewards and cross trading during the event period, may disqualify you from the event.

3️⃣ The event bonus is paid only once, based on the maximum trading volume at the moment of the event's end.
ex) If you trade 12 million contracts during the event period, you will receive a BTC bonus worth 1,200 USDT. (1,000 USDT + 100 USDT + 100 USDT)

4️⃣ Bonuses can be used for position margin, trading fee deduction, trading loss costs, and funding costs, and are automatically used in a 5:5 ratio with the trader's asset.

5️⃣ If you request for withdrawal while you have the bonus, please be careful when requesting for withdrawal as all of the bonuses you have will be reset.

6️⃣ MCS reserves the right to amend the rules of this event without prior notice.

7️⃣ MCS reserves the right to final interpretation of this event.

If you have any questions, please contact us through MCS Live Chat or MCS Telegram.

Traders ALWAYS come first on MCS.

Thank you.

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MCS | BNBUSDT Lottery Event!

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#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

Traders are invited to participate in the BNBUSDT Lottery Event in conjunction with the BNBUSDT Perpetual Contract official launching on MCS.

MCS BNBUSDT LOTTERY EVENT!

To win, make your lucky guess on the open interest of MCS's BNBUSDT on the last day of each round:

Trade 10,000 BNBUSDT Contracts: Eligible for 1 Guess per round
Participate in MCS Deposit Event: Eligible for 1 Guess in every round
When traders trade 10,000 BNBUSDT contracts and participate in the MCS Deposit Event, traders are eligible to participate twice.

Traders with the closest guess (± 1%) to the BNBUSDT open interest will be selected to receive 1/N amount of the BTC bonus reward pool.

📬 HOW TO PARTICIPATE:
Trade 10,000 BNBUSDT contracts on MCS in the round
Click on the link below and fill in your UID and make a guess
https://bit.ly/3envY6U
Participate in the MCS Deposit Event and you can guess once more in every round

📆 PERIOD:
Round 1: 6th May 2021 @ 07:00 UTC - 12th May 2021 @ 06:59:59 UTC
Round 2: 13th May 2021 @ 07:00 UTC - 19th May 2021 @ 06:59:59 UTC
Round 3: 20th May 2021 @ 07:00 UTC - 26th May 2021 @ 06:59:59 UTC

💰 BENEFITS:
The winners will receive 1/N from the reward pool (initially $1,000 worth of BTC bonus)
Reward calculation: BTC bonus/ Number of winners with the correct answer
In the case of no winner for the round, the reward will be accumulated into the reward pool of the following week

📢 WINNER'S ANNOUNCEMENT:
Winners will be notified individually through email on the last day of each round.

PLEASE NOTE
1️⃣ If the Google Form's submitted information does not match the information on the MCS account, participation will be disqualified.
2️⃣Traders who use unfair methods or conduct behaviors that interfere with the smooth operation of the event are not eligible for payment.
3️⃣ MCS can operate multiple accounts, but participation in this event is limited to one account per person. When one person participates in the event with multiple accounts, all of the accounts are excluded from payment.
4️⃣ The bonuses paid through the event can be used as trading margin, and will be automatically used in the ratio of 5:5 to my assets for commissions, transaction loss expenses and funding expenses.
5️⃣Traders can withdraw profits earned from the bonus. However, the rewarded bonuses will be recalled upon any withdrawal. If the trader cancels the withdrawal request, the recalled bonuses will be restored.
6️⃣This event is organized and run by MCS, and the final interpretation of the event is on the MCS. Some conditions can possibly be changed and canceled depending on the circumstances.

Traders ALWAYS come first on MCS.

Thank You.

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MCS | The Last BTC Deposit Event of 2021 1st Half

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#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

It's already May 2021. MCS is organizing a special event for all traders before starting the second half of 2021! The MCS Bitcoin deposit event is back! With the MCS Bitcoin deposit event, let's celebrate the end of the first half of the year with abundance and get ready for the second half. For more information on the event, please refer to the following.

DEPOSIT BITCOIN TO MCS AND GET BITCOIN AIRDROP!

🚀If you deposit Bitcoin to MCS during the event period, we will give you a Bitcoin bonus of up to USD 1,200 depending on the amount deposited.

💲 BTC BONUS ACCORDING TO DEPOSIT AMOUNT
💰 Net deposit of 0.05 BTC or more → USD 50 worth of BTC bonus payment
💰 Net deposit of 0.1 BTC or more → USD 100 worth of BTC bonus payment
💰 Net deposit of 0.5 BTC or more → USD 300 worth of BTC bonus payment
💰 Net deposit of 1.5 BTC or more → USD 550 worth of BTC bonus payment
💰 Net deposit of 3 BTC or more → USD 1,200 worth of BTC bonus payment

❗️Net deposit amount = Total deposit amount during the event period-Total withdrawal amount

EVENT DURATION (UTC)
🔷Event Start : May 6th, 2021 07:00 (UTC)
🔷Event End : May 31st, 2021 05:59 (UTC)
🔷Bonus Deposit : Throughout May 31st, 2021

PLEASE NOTE
1️⃣ Deposits between MCS accounts are not accepted.
2️⃣Traders who use unfair methods or conduct behaviors that interfere with the smooth operation of the event are not eligible for payment.
3️⃣ MCS can operate multiple accounts, but participation in this event is limited to one account per person. When one person participates in the event with multiple accounts, all of the accounts are excluded from payment.
4️⃣ The bonuses paid through the event can be used as trading margin, and will be automatically used in the ratio of 5:5 to my assets for commissions, transaction loss expenses and funding expenses.
5️⃣Traders can withdraw profits earned from the bonus. However, the rewarded bonuses will be recalled upon any withdrawal. If the trader cancels the withdrawal request, the recalled bonuses will be restored.
6️⃣This event is organized and run by MCS, and the final interpretation of the event is on the MCS. Some conditions can possibly be changed and canceled depending on the circumstances.

Traders ALWAYS come first on MCS.

Thank You.

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MCS | A Letter from David

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Dear MCS Traders,

All MCS members and I would like to start the letter by thanking all of our traders and fans for their continuous support. 2021 was definitely an eventful year that gave us the chance to overcome many challenges, and we do not think 2022 will be any different. As long as we remember our motto - Traders ALWAYS come first, we will work diligently to find the best solutions for all the challenges.

MCS received so much love in 2021. Our traders are from 183 countries and 98% of them are satisfied with the platform. The accumulated trading volume surpassed 167 billion USD and it is still growing. As the only trading platform in the industry that allows various quanto product trading without the cumbersome KYC process, more and more traders are using MCS to triumph their financial freedom.

MCS is built in a financial industry-grade IT system and formidable security, and our traders have never experienced slippage and overload, and never suffered from hacking incidents. Our team is monitoring the platform 24/7 in real-time and doing every possible measure there is to protect traders’ assets.

As the industry continues to evolve, MCS promises to evolve as well in 2022. Our focus in 2022 is to first upgrade the infrastructure of the platform for a performance boost. The overall system will be faster than ever. We also plan to add more trader-friendly ways to manage your assets. More tradable products will be added to the system and the MCS Token will play a vital role, so make sure to follow our social media channels for any announcements.

In short, we are confident that the changes we plan to present to you will certainly put a big smile on your face. MCS now is merely a trading platform for cryptocurrency futures; however, it will transform into a full financial provider. But some things will stay the same. We will continue to listen more closely to what traders have to say as we value all opinions. We will continue to develop what traders want and need, and put traders first ALWAYS.

Thank you so much for always supporting us.

Have a happy, pandemic-free, and flourishing 2022!

Sincerely,

David, MCS

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Bitcoin Forum

Economy => Service Announcements => Topic started by: MyCoinStory on June 19, 2020, 06:14:50 AM