Due to significant price fluctuations following the launch of BROCCOLI (BROCCOLIMAL) on MEXC, which led to considerable deviations, MEXC suspended BROCCOLIMAL Spot trading at 02:21:59 on Feb 14, 2025 (UTC), after detecting abnormal price movements. MEXC will delist BROCCOLIMAL and provide reasonable compensation to eligible users to protect their interests. The details are as follows:
- BROCCOLIMAL deposits have been closed. Please do not make deposits to avoid any asset losses.
- MEXC delisted BROCCOLIMAL and canceled all pending orders at 02:21:59 on Feb 14, 2025 (UTC).
- After delisting, MEXC is expected to support BROCCOLIMAL withdrawals for 30 days. During this period, if the project team discontinues on-chain maintenance, withdrawals will be closed accordingly.
Compensation Eligibility:
Users who purchased BROCCOLIMAL through the BROCCOLIMAL/USDT Spot trading pair between 01:50:00 on Feb 14, 2025 (UTC), and 02:21:59 on Feb 14, 2025 (UTC) will have their BROCCOLIMAL tokens reclaimed by the platform and receive USDT equivalent as compensation. Details are as follows:
- Users who purchased but did not sell:
Scope: This applies to users who bought BROCCOLIMAL before 02:21:59 on Feb 14, 2025 (UTC), and did not sell their holdings.
Compensation: The platform will refund the amount spent on the purchased BROCCOLIMAL based on the user's buying price and reclaim all unsold BROCCOLIMAL tokens from the user's account.
- Users who bought and sold BROCCOLIMAL at a loss:
Scope: Applies to users who bought BROCCOLIMAL and incurred a loss when selling it fully or partially.
Compensation: The platform will fully compensate the loss incurred from the buy and sell transactions to protect users' rights.
Calculation Example: Assume User A buys 1 BROCCOLIMAL at $250, then sells 0.5 BROCCOLIMAL at $220 when the price drops.
- Compensation for trading loss: Loss = (Buy Price - Sell Price) × Amount Sold = ($250 - $220) × 0.5 = $15
- Reclaiming unsold portion: The platform will reclaim the remaining 0.5 BROCCOLIMAL at the buy price of $250: $250 × 0.5 = $125
The user will receive $15 as compensation for the trading loss, and $125 for the unsold BROCCOLIMAL, totaling $140.
Compensation Timeline:
- As of 13:00:00 on Feb 14, 2025 (UTC), the USDT compensation has been completed. Users can log into their accounts to check the status of their compensation.
Please Note:
- BROCCOLIMAL withdrawals have been enabled. Please withdraw your tokens promptly to avoid any asset loss.
MEXC is committed to prioritizing our customers above all else. If you have any questions, please contact our online customer service. Thank you for your understanding and support.
