IOTA Set for MEXC Listing in Assessment Zone: USDT Trading Pair Goes Live

• IOTA is set to be listed in the Assessment Zone of the MEXC exchange after recommendations from community users. 

• Recently, IOTA announced that it has completed the final phase of the European Blockchain Pre-Commercial Procurement. 

The exchange of high-performance and mega transaction matching technology MEXC has announced the IOTA (IOTA) listing in its Assessment Zone. 

According to the official blog post, this groundbreaking move would be a gateway for the commencement of open trading for the IOTA/USDT trading pair. Trading will start Today, August 23, 2024, at 12:00 (UTC). 

#MEXC New Listing Alert!
$IOTA/USDT will be listed in the Assessment Zone on 2024-08-23 12:00 (UTC). @iota is an open, fee-less, and scalable distributed ledger built for the “Internet of Everything.”— MEXC (@MEXC_Official) August 23, 2024

MEXC’s Assessment Zone

MEXC launched the Assessment Zone in 2020 to support “non-initial listing” projects recommended by community users. A blog post dedicated to its explanation mentions that the assessment period for projects in the Assessment Zone is limited to 60 days. After expiration, project tokens will automatically be removed or hidden without further notice. However, users will have the option to renew the project by voting using MX. 

It is also important to note that projects can be freely transferred to the Innovation Zone once they show a certain level of development, transactions, and activities. After a period, they can then be transferred to the Main Zone for free. 

Following this announcement, buying pressure for IOTA witnessed a fair increase, triggering a price surge of 2.65% and 8.81% in the last 24 hours and seven days respectively, to trade at $0.1414. However, IOTA’s trading volume remains down by 15%, with $6 million in changing hands at press time. 

IOTA Technological Upgrades and Developments

On August 20, IOTA announced the completion of the third and final phase of the European Blockchain Pre-Commercial Procurement after being selected as one of the seven applicants in 2021. According to them, the PCP is meant to design a new DLT solution for Europe. 

First to be integrated into the European Blockchain Services Infrastructure (EBSI), an open, permissioned network of blockchain nodes across Europe that supports cross-border credential attestations for individuals and organizations; then as part of the next evolution of EBSI, the European Digital Infrastructure Consortium for Blockchain (EUROPEUM-EDIC), which will provide next-generation infrastructure to support scalable, energy-efficient, and secure blockchain applications.

IOTA’s EVM Mainnet was also launched recently, with infrastructure upgrades and new tools set up to boost its enhancement and functionality. As we earlier reported, this massive development introduces features such as smart contracts, cross-chain functionality, parallel processing, etc., and could redefine the ecosystem and position it ahead of competitors. 

In our recent interview with the founder of IOTA, Dominik Schiener, he stated emphatically that the IOTA Foundation is the unchallenged global authority on DAGS. According to him, the IOTA foundation has a sole vision of maximizing the full use of blockchain’s potential for onward adoption in the real world. 

With IOTA, we want to be the ones to realize blockchain’s full potential and get it adopted in the real world. This is why we have made a significant investment in Africa and are continuing to pursue these use cases. We firmly believe that this will be the future of our industry, where DeFi, stablecoins, and so on are the building blocks of our digital economy.