PRESS RELEASE. HanChain (HAN) went live on MEXC, a top 10 global cryptocurrency exchange, at 5:00 AM UTC on April 3, 2024.
HanChain (HAN) Goes Live on Top 10 Crypto Exchange MEXC
This article was published more than a year ago. Some information may no longer be current.
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Press release
In addition to the listing, the HanChain project also launched its mobile staking version, coinciding with LBANK’s Grid Trading Competition and Flexible Staking Service.
HanChain is a dual cryptocurrency project designed for real-life applications, initiated in 2019 and has achieved significant milestones in South Korea over the past five years.
Notably, it has leveraged its own composers and singers to tokenize and distribute the copyright rights of K-POP genre music and music videos as tokens and NFTs, expanding its ecosystem globally.
HanChain is actively traded on decentralized exchange Uniswap and centralized exchanges MEXC, LBANK and XT.
KHANs STAKING Goes Mobile with High APRs
As part of this initiative, users can now sign Uniswap’s WBTC and HAN with a single on-chain signature on mobile using Ethereum stored in a non-custodial wallet.
This allows users to provide liquidity to the pool and commence staking.
The Liquidity Provision & Staking Protocol operates in three tiers based on the current price of Ethereum: $750, $2,000, and $10,000.
Stakers can earn HanChain rewards every second for staking LP tokens for a year.
They can earn an APR of over 70%.
Moreover, when $750 of liquidity is supplied, an additional 2.5% from WBTC and HanChain is provided as a bonus, totaling 5%.
Similarly, when $2,000 of liquidity is supplied, a total bonus of 10% is provided, with 5% each from WBTC and HanChain.
For liquidity supply exceeding $10,000, separate bonuses are not provided; instead, the highest APR is applied as a staking reward.
The number of HanChains supplied to this pool has already exceeded 27 million, with 91% of the initial goal of 30 million being achieved.
Music Copyright Innovation with Tokenization and Streaming
The HanChain Project has tokenized various new songs and distributed staking to establish ownership of music copyright rights.
Through the establishment of a music platform, the project is currently producing over 450 new tokenized songs and providing a streaming service.
Each song is issued with 2,000 music copyright tokens.
Additionally, more than half of these songs have been produced as music videos and issued as NFTs.
Teaser videos are available on Khan’s Entertainment YouTube channel.
The HanChain Project intends to expand its decentralized identity verification technology related to Decentralized Copyright Holder Identity Verification and deploy the world’s first decentralized music copyright exchange.
This exchange is being developed to facilitate the free trading of tokenized music.
LBANK Grid Trading Competition + Flexible Staking Service
From March 27, 2024, LBANK, a global cryptocurrency exchange, will host a Grid Trading Competition with a total prize pool of $30,000.
Users worldwide interested in HanChain are invited to participate in this event on LBANK and stand a chance to win HanChain as a prize.
HanChain holders can also engage in LBANK’s Flexible Staking program.
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