Hello everyone, I am Liu Shiwei, the CEO of the MaiCoin Group.
This year marks the 10th anniversary of the MaiCoin digital asset trading platform. From a team of only three people, we have grown into a group enterprise with over 100 employees. We started with trading Bitcoin on the MaiCoin platform and later explored the application of Ethereum blockchain technology. We obtained virtual currency wallet patent technology through AMIS, launched the MAX exchange, pioneered the global fiat currency trust mechanism, issued the MAX Token, and established the first physical consulting store for virtual currency trading in Taiwan. We also provided NFT technology solutions for businesses through Qubic and offered virtual currency payment services through MaiCoin PAY.
We have been continuously exploring innovative applications of blockchain technology and experimenting with the possibilities of DeFi-related technologies and derivative products.
Over the past decade, the global cryptocurrency industry has experienced countless ups and downs. Many cryptocurrency businesses have emerged and eventually faded away as cryptocurrencies gradually gained mainstream attention and governments around the world began to focus on and implement regulations.
This year, with the establishment of the Taiwan Virtual Currency Association and the upcoming registration system for virtual currency operators, it is clear that the virtual currency industry has become an industry that cannot be ignored.
This year, MaiCoin has also experienced many things, such as ongoing IPO counseling, gaining the favor of investors such as Far EasTone Telecommunications, Federal Group, and Hota Ventures, and completing a Series B funding round. New investors mean gaining more resources but also shouldering more expectations.
After the establishment of the association and the registration system for virtual currency operators, we must demand more stringent standards in terms of internal control and information security, striving to meet the expectations of users, regulations, and regulators. We also strive to continuously innovate our products and services, including virtual currency payment through MaiCoin PAY, the introduction of investment strategy robots on the MAX exchange, deeper cooperation with banks, and the launch of DeFi-related technology services through Qubic.
However, for some users, the most memorable thing may be the inconvenience caused by our strict risk control measures.
In fact, we did make an imperfect and risky decision. Strict risk control measures may cause users to lose confidence or even leave, and they will inevitably put pressure on departments such as auditing, customer service, and physical stores. It is also imaginable that the community or the media may raise questions, and even individuals with ulterior motives may spread rumors or create a negative perception.
However, since the establishment of the MaiCoin platform and the MAX exchange, protecting user assets has always been our top priority. This is not only achieved through the trust of fiat assets, the layered management of virtual currency using cold, warm, and hot wallets, or increasing the company’s information security protection level.
In recent years, there have been numerous cases of cryptocurrency fraud and money laundering. Although we are committed to disassociating virtual currency from fraud, continuously promoting awareness among the public, and cooperating with regulators, law enforcement agencies, and banks, we hope to increase users’ alertness and reduce the chance of financial losses.
Undeniably, strict risk control mechanisms are also one of the means and tools. According to the law, we have the obligation and responsibility to prevent users’ accounts from being misused for fraud. We may temporarily suspend functions such as trading and withdrawals, and take corresponding measures. At the same time, we will actively extend and optimize front-end KYC registration processes, continuous risk control models during and after transactions, and extract the most practical and accurate identification and blocking methods from repeated anti-fraud experiences to protect user assets.
The MaiCoin Group sincerely appreciates the support and trust of users and all parties throughout the journey. To sum it up in one sentence, our journey can be described as “MaiCoin Ten For TenaXious.”
Tenacious symbolizes an indomitable spirit, which is exactly the attitude we have persisted in when facing countless challenges and fluctuations. We adhere to our commitment to users, pursue legality and compliance, and are dedicated to the mainstreaming of virtual currencies. These are the foundations for the long-term operation of the MaiCoin Group, so as not to disappoint the trust of users, investors, and partners.
We look forward to continuing to innovate and practice the application of blockchain technology and virtual currencies in a healthy cryptocurrency industry ecosystem, such as issuing stablecoins or derivative products, and becoming one of the choices in the mainstream market.
I firmly believe that on the foundation of this year, there is an opportunity to achieve the goal of submitting an IPO application for the MaiCoin Group. I believe that the MaiCoin Group will have a better foundation next year and will be ready to face the challenges of the next stage.