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ALPEX Weekly Newsletter (August Week 2)

Latest news and updates from ALPEX, a leader in digital asset trading!

Welcome to ALPEX newsletter, your resource for the latest important updates from the leader in digital asset and derivatives trading!

ALPEX is dedicated to providing the world’s most secure, stable and reliable digital asset trading platform, built around currency trading, over-the-counter (OTC) trading, perpetual contract trading, financial derivatives, and much more. ALPEX is the preferred digital asset trading platform for millions of users worldwide and the first choice for both professional and first-time traders in over 150 countries.

Weekly Overview:
The most unexpected and unpredictable thing happened last week. It appears that the hacker who penetrated Poly Network’s crypto infrastructure stole coins just “for fun “ and has now returned the stolen coins. The hacker also said that the tokens had been moved to his wallets to “keep them safe.” It is
believed that since it wasn’t possible to keep the coins, the hacker returned the coins. The global crypto community blocked all of his wallets. No coins were transferred to the hacker’s safe wallets despite his attempts. Obviously, he did not do it “for fun”. The Crypto community demonstrated its strength.

The hackers, who stole about $610 million, first returned nearly half of that amount in one of the largest cryptocurrency thefts ever. The cybercriminals exploited a weakness in Poly Network, a platform that connects different blockchains so that they can work together.

On Tuesday, the company revealed the hack and asked for communication with the hackers, urging them to “return the hacked assets.” In a bizarre turn of events, the hacker returned the stolen funds, claiming again that he stole the funds “for fun”. The message was embedded in a cryptocurrency transaction, saying that the funds were “ready to be returned”. The DeFi platform responded by requesting the money be sent to three crypto addresses.

ALPEX community was shocked at the news of the colossal attack on the Poly Network’s cross-chain DeFi platform. Our team kept the ALPEX community updated in real time about this unfortunate event all the way to its “happy ending”. This hack reminded us once again that security is the key to any crypto platform. In order to secure the investor’s funds, we will continue tirelessly to develop security on the ALPEX exchange.

In other news, on Wednesday, Lionel Messi said he wanted to lead Paris St Germain to their first Champions League title, putting behind him the tearful farewell he said to Barcelona after signing a two- year contract with the French soccer giant. After Barcelona, where Messi has begun and always dreamed of playing out the rest of his career, conceded that they could no longer afford him, Messi joined PSG as a free agent.

PSG fans packed the Parc des Princes stadium, believing their club would now win the Champions League after hoovering up domestic titles since free-spending owners Qatar Sports Investment European arrived in 2011. Despite having won four Champions League titles with Barcelona, Messi said he lacked the appetite for more. As a result of this development, PSG fans’ crypto tokens have rallied in value. In Jan. 2020, PSG created the $PSG token with crypto platform Socios.com to help build a new fan community.

Meanwhile, according to CoinShares data, Ethereum, the token used in the Ethereum blockchain, also saw $2.8 million in outflows, down from nearly $9 million the previous week. Ethereum recently underwent a major software upgrade aimed at stabilizing transaction fees and reducing the supply of the
ether token. Through a process called “burning,” which involves sending tokens to special addresses with untraceable private keys, the supply of Ether is being dwindled.

Are you passionate about coffee? If so, a new cryptocurrency is making waves in the commodities and financial markets. After its launch in early July, Coffee Coin has made an impressive start. The project is attracting growers, producers, and traders of coffee in Brazil, the world’s largest producer. The Money Control website discusses this unusual cryptocurrency.

Lastly, The cryptocurrency market was in the red on August 13. Global cryptocurrency market cap was $1.88 trillion, a decrease of 3.02 percent over the last day, whereas crypto market volume was $117.43 billion, a decrease of 9.26 percent. There is now a total volume of $92.47 billion in stable coins — 78.75 percent of the total 24-hour crypto market volume. There has been an increase of 0.20 percent in Bitcoin’s price today, where the dominance stands at 44.84 percent.

Technical Summary:
Key developments this week included:

  1. Optimized the English version of the official platform on the PC, as well as some of the Chinese content.
  2. Improve the delivery of SMS and emails.
  3. The language setting in the help center was set to automatically switch between English and Chinese.
  4. Optimized the details of the total deposit and withdrawal amounts.
  5. Improved the accuracy of the take-profit and stop-loss features.

Further developments planned for the next week:
1. Contract trading in full position mode using U-standard.

2. Position take-profits and stop losses follow the order to withdraw.

3. Performance stress testing and mobile phone compatibility testing.

4. Optimize the page statistics.

5. The SMS email template content is sent according to the language selected by the client.

Marketing Summary:
In marketing news: During attacks on Poly Network and O3 Swap, funds worth more than US$610 million were stolen. In one fell swoop, it became the largest crypto crime in history. After being surrounded by security forces, hackers promised to return their stolen funds. So far, about half of the
funds have been returned. It is likely that hackers will target DeFi’s security due to the “super privileges” retained in the code by the project executor, demonstrating that DeFi security depends not only on technology but also on credibility.

Although centralized exchanges have received huge amounts of funding, there is still a lot of room for market expansion in areas with underdeveloped finances. CoinDCX, an Indian cryptocurrency exchange, received an investment of US$90 million, while Pintu, an Indonesian cryptocurrency exchange, received an investment of US$35 million. These areas lack traditional financial infrastructure but are populated, and financial demand is high. Economies such as banks and credit cards can easily pass directly into the era of crypto finance.

In an update from the marketing department, ALPEX moved into a new office as a result of rapid growth. Besides creating a broadened working environment, we’re also recruiting more talents.

ALPEX has released social media questionnaires for Twitter, Instagram, and other major social media channels. There is an opportunity for users to vote. By doing so, we aim to understand the psychological activities of our users better and improve the services we provide.

Lastly, APLEX articles were published on the Chinese blockchain-based news platform Mars Finance.

Social Media Updates:
· Twitter: 8,202 followers; 15 likes
· Facebook:11,712 followers; 11,212 likes
· LinkedIn: 10,689(+9) followers;113 likes
· Instagram:11,667 followers; 24 likes
· EN and CN Telegram Community: EN followers:2,050 , CN followers:10,243
· EN and CN Telegram Announcement: EN followers:1,565 , CN followers: 2,008

News from ALPEX members:
Customers are well-communicated with by ALPEX customer service, and difficult problems raised by them are effectively handled. Here are some of the questions users asked this week:

1. How much does the contract handling fee cost?
RE: Dear ALPEX User, The contract handling fee on the ALPEX trading platform is 0.05% for opening a position and 0.05% for closing a position.Furthermore,email our customer service at support@alpex.io for more information about the platform’s contract fee calculation process. Thank you.

2. How do I apply to become one of your agencies?
RE: Dear ALPEX User, the exchange has not yet launched a contract agency cooperation form, but some users may be able to earn rewards through our distinguished invitation program. You can find details here:
https://genfisupport.zendesk.com/hc/en-gb/articles/900007147903-Exclusive-VIP-Invitation-Program- with-600-USDT-New-User-Bonus
Subscribing to ALPEX’s announcements will help you learn more about rewards.

3.What is the face value of the contract trading?
RE: Dear ALPEX User, the trading face value is different on each contract. Please contact our customer service at support@alpex.io for more information.

4. How can I become a business partner with you?
RE: Dear ALPEX User, the business partner program has not yet been made available to the public. Stay up-to-date with ALPEX on its social media accounts by subscribing and logging in.

5. What is the procedure for downloading the APP?
RE: Dear ALPEX User, you can go to ALPEX’s official website to download the APP by clicking the link below.https://www.alpexmax.com/app

6. How do I conduct fiat currency transactions?
RE: Regarding fiat currency transactions, please email our customer service team at support@alpex.io.

7.How can I cancel my account?
RE: Dear ALPEX User, ALPEX does not support account cancellation or modification.

8. Can I withdraw the margin credit profit?
RE: Dear ALPEX User, you can withdraw the margin credit profit. To find out specific rules of margin credit please email our customer service at support@alpex.io .

9. What is the procedure for depositing on your website?
RE: Dear ALPEX User, please contact our customer service at support@alpex.io for specific deposit
instructions.

Lastly, users with other questions can log into the ALPEX official website and mobile app to find answers in the “Help Center” section. Please send us an email at support@alpex.io if your questions are not answered on the page to consult our customer service staff.

ALPEX Team Update:
Our strategy for growth and talent acquisition continues. In the last week, we have again been busy on- boarding new team members, although we still have many more vacancies to fill.

If you would like to be part of the future of digital asset trading, then we would love to hear from you. Just send your CV, along with a covering letter to: career@alpex.io

Thank you for reading our latest newsletter and for continuing to be a part of the ALPEX family. We look forward to bringing you more important updates again next week!

Team ALPEX

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ALPEX

ALPEX

ALPEX is a cutting-edge digital asset and derivatives trading platform, created to provide the world’s best and most secure online trading experience.