Hello everyone, I am Shi-Wei Liu, the CEO of MaiCoin Group.
This year marks the 10th anniversary of MaiCoin’s 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 have since explored the application of Ethereum blockchain technology. We obtained a virtual currency wallet patent technology through AMIS, launched the MAX exchange, pioneered a global fiat currency trust mechanism, and issued the MAX Token. We also established the first physical consulting store for virtual currency trading in Taiwan, provided NFT technology solutions through Qubic for enterprises, and offered virtual currency payment services through MaiCoin PAY.
We continuously explore innovative applications of blockchain technology and continuously experiment with the possibilities of Defi-related technologies and derivative products.
Over the past 10 years, the global cryptocurrency industry has experienced countless ups and downs. Many cryptocurrency businesses have opened and closed, and virtual currencies have gradually taken center stage, leading to increased attention and regulation by governments around the world.
This year, with the establishment of the Taiwan Cryptocurrency Self-Regulatory Organization and the upcoming registration system for cryptocurrency businesses, it is evident 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 favor from investors such as Far EasTone Telecommunications, Federal Group, and Hotung Investment Holdings, and completing a Series B+ financing round. New investors mean more resources, but also more expectations.
After the establishment of the self-regulatory organization and the registration system for cryptocurrency businesses, we must demand more stringent standards in internal control and information security, striving to meet the expectations of users, regulations, and regulatory authorities. We also strive to continuously innovate our products and services, including virtual currency payment through MaiCoin PAY, the launch of investment strategy robots on MAX exchange, deeper cooperation with banks, and the provision of Defi-related technology services through Qubic.
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 cause users to lose confidence or even leave, and they 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 malicious intent may spread rumors and create a negative atmosphere.
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 fiat asset trust, the layered management of virtual currency using hot, warm, and cold 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 dissociating cryptocurrencies from scams, we continue to educate the public and collaborate with regulatory authorities, law enforcement agencies, and banks to increase users’ awareness and reduce the chance of financial loss.
Undeniably, strict risk control mechanisms are also one of the means and tools. According to the law, we have an obligation and responsibility to prevent the fraudulent use of user accounts. We can temporarily suspend trading and withdrawal functions and take corresponding measures. At the same time, we actively extend and optimize front-end KYC registration processes, ongoing 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 along the way. One sentence that summarizes our journey is “MaiCoin Ten For TenaXious.”
Tenacious symbolizes an indomitable spirit. This is the attitude we have persisted in when facing countless challenges and ups and downs. We adhere to our commitment to users, pursue legality and compliance, and are dedicated to mainstreaming virtual currencies. These are the foundations for the long-term operation of the MaiCoin Group, so as not to let down 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 cryptocurrency industry. For example, issuing stablecoins or derivative products, and becoming one of the choices in the mainstream market.
Based on this year’s foundation, I firmly believe that we have the opportunity to achieve the goal of submitting the MaiCoin Group IPO next year. I believe that the MaiCoin Group will have a better foundation next year and will be ready to face the next stage of challenges.
