Dear MEXCers,

According to the official statement, QANplatform (QANX) suffered an attack on October 11, 2022, which caused price deflation. After negotiation with the project team, MEXC will support its contract swap and make compensations for affected users.

Details are as follows:

• QANX tokens on the old contract will be renamed QANXOLD on MEXC. 
• On-chain snapshots of QANX took place at 2022-10-11 08:16:39 (UTC) and the QANX market price was set at 0.012 USDT when it was attacked.
• Eligible users will get new QANX tokens at a 1:1 ratio based on their QANX balances snapshotted at 2022-10-11 08:16:39 (UTC).
• For users with a net buying amount of QANT greater than 0 USDT between 2022-10-11 08:16:39 and 2022-10-11 09:00:00 (UTC), the amount of new QANX tokens to be compensated = (Loss amount/2)/0.012. For example: User A bought 150 USDT in QANX and sold them for 50 USDT, which means he lost 100 USDT. The amount of new QANX tokens he will get = (100/2)/0.012 = 4,166.667
• MEXC will not support token swaps for QANX tokens deposited after the closure of deposits;
• MEXC no longer supports deposits for old and new QANX tokens. Please do not make QANX deposits to avoid any asset losses;
• Withdrawals of new QANX tokens will open soon after the completion of airdrops.
• MEXC will not support trading for QANX.

For more information, please refer to: QANX Token relaunch process

Thank you for your support!

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The MEXC Team

7 March 2023