Maxonrow, a mainchain service provider that offers a real-name authentication mechanism for know-your-customer (KYC) / anti-money laundering (AML) checks, partnered with Singapore-based digital asset exchange KuCoin.
MXW, the native token of the Maxonrow blockchain, will be listed on KuCoin’s exchange on October 14, 2019.
According to a press release shared with Ethereum World News, Maxonrow’s core blockchain has built-in mandatory KYC verification which is integrated across all the company’s products.
This allows decentralized crypto assets to be exchanged in manner that’s compliant with \regulatory guidelines. Moreover, Maxonrow’s mainchain is “powered by a high-throughput transactional chain, transparent and predictable transaction fee structure, user issued tokens, and a secure validator management system,” the release noted.
The platform is designed for individual users, small businesses, financial institutions, NGOs and government agencies.
Commenting on the new listing KuCoin founder and CEO Michael Gan remarked:
“Driving the mass adoption of the blockchain technology and bringing more trust, security and transparency to the world has always been a mission of ours at KuCoin. We are extremely proud to [support] MXW by Maxonrow, [a project that] honors the same values.”
Meanwhile, CEO of Maxonrow project’s Asia division Jin Tai noted:
“I’ve been a fan of KuCoin since they launched. The platform is user-friendly, efficient and they are one of the fastest-growing exchanges in the world.”
Launched earlier this year, Maxonrow is among the first blockchain firms to create a KYC/AML compliant mainchain.
The developers of Maxonro participated in several meetups this year (#MaxOnWorld), in order to introduce the company’s products and services to 14 different cities in Asia, Europe, North America, and Latin America.
Maxonrow Blockchain Audited By SlowMist
Maxonrow released a KYC compliant crypto wallet, the MAX-Wallet, which now has more than 50,000 downloads within the first 20 days of its launch.
Blockchain security firm SlowMist recently completed an audit of the company’s operations, which confirms that Maxonrow’s blockchain platform is sufficiently secure and has been developed according to industry best practices.
IDG Capital-backed KuCoin reportedly has more than 5 million registered users from 100 countries. The exchange provides a wide range of tradable crypto assets that belong to high-quality blockchain projects.
The management of both Maxonrow and KuCoin confirmed that they will continue to collaborate on various initiatives in the foreseeable future.