2024 Open Letter from the CEO of MaiCoin Group
Hello everyone, I am Liu Shih-Wei, the CEO of MaiCoin Group.
This year marks the 10th anniversary of the MaiCoin digital asset trading platform, growing from just three people to a corporate group of over 100. Starting from the MaiCoin platform trading Bitcoin, to exploring the application of Ethereum blockchain technology, AMIS obtaining patented technology for virtual currency wallets, the launch of the MAX exchange, pioneering the global fiat currency trust mechanism, issuing the platform coin MAX Token, establishing Taiwan's first physical consultation store for virtual currency trading platforms, Qubic providing NFT technology solutions for enterprises, and offering MaiCoin PAY virtual currency payment services.
We continuously explore innovative application scenarios for blockchain technology, persistently trying the possibilities of DeFi-related technologies and derivative products.
In the past 10 years, the global virtual currency industry has experienced countless storms and changes, going through cycles of bull and bear markets, with many virtual currency businesses flourishing before ultimately exiting the stage quietly. As virtual currencies gradually moved to the mainstream stage, governments around the world began to pay attention and implement regulations.
This year, with the establishment of the virtual currency industry guild in Taiwan and the upcoming registration system for virtual currency operators, it is evident that virtual currencies have become an industry that cannot be ignored.
This year, MaiCoin has also experienced many events, such as the ongoing guidance for the IPO, gaining the favor of investors such as FarEasTone Telecommunications, the Federal Group, and Heding Venture Capital, completing a B+ round of funding. New investors mean acquiring more resources, but also carrying more expectations.
After the establishment of the guild and the registration system for virtual currency operators, we must hold ourselves to stricter standards in terms of internal control and cybersecurity, striving to meet the expectations of users, regulations, and regulatory authorities, while continuously innovating product services, including MaiCoin PAY virtual currency payments, MAX exchange launching investment strategy robots, and deeper cooperation with banks, Qubic launching DeFi-related technology services, etc.
However, for some users, the most impressive aspect may be the inconvenience caused by strict risk control measures.
In fact, we did make an imperfect and risky decision. Strict risk control measures may lead to a loss of user confidence or even user attrition. It inevitably puts pressure on related departments such as auditing, customer service, and storefronts. One can imagine that the community or media may also raise questions, and even ill-intentioned individuals may spread rumors or sway public opinion.
However, since the establishment of the MaiCoin platform and the MAX exchange, protecting user assets has always been our top priority. This cannot be achieved merely through fiat asset trust, or through layered management of virtual currency using cold, warm, and hot wallets, or by enhancing the company's cybersecurity protection levels.
In recent years, cases of virtual currency fraud or money laundering have emerged endlessly. Although we are committed to decoupling virtual currencies from fraud, we continue to promote awareness among the public and cooperate with regulatory authorities, law enforcement agencies, and banks, hoping to enhance users' alertness and reduce the chances of financial losses.
It is undeniable that strict risk control mechanisms are one of the tools. By law, we have the obligation and responsibility to prevent users' accounts from being fraudulently abused. This may involve temporarily suspending functions such as trading and withdrawals. While taking corresponding measures, we will actively extend and optimize front-end KYC registration processes, continuous risk control models during and after transactions. Through repeated experiences in anti-fraud efforts, we will extract the most practical and precise identification and blocking methods to protect users' asset security.
MaiCoin Group sincerely thanks users and all parties for their support and trust along the way. To sum up our journey in one sentence — MaiCoin Ten For TenaXious.
Tenacious symbolizes an indomitable spirit, which is precisely the attitude we adhere to when facing countless challenges and experiencing ups and downs. We uphold our commitment to users, pursue legality and compliance, and are dedicated to the mainstreaming of virtual currencies, all of which form the foundation for the long-term operation of the MaiCoin Group, so as not to betray the trust of users, investors, and partners.
We look forward to continuously innovating and practicing the application of blockchain technology and virtual currencies in a healthy virtual currency industry ecosystem, such as issuing stablecoins or derivative products, becoming one of the choices in the mainstream market.
I firmly believe that based on this year, there is an opportunity to achieve the goal of submitting the MaiCoin Group's IPO. I think next year the MaiCoin Group will have a better foundation to face the next phase of challenges.
More Reports
MaiCoin Celebrates Its 10th Anniversary! Buy designated drinks at Hi-Life to enter for a chance to win Bitcoin, plus a chance to win a ticket to Japan.
The MAX token's six-year anniversary celebration has begun! For the seventh time in history, coins will be burned. Users can enter to win an iPhone and tickets to Japan by completing designated tasks.
