Researching web3 and sharing insights - business developer & creator @ActionModelAI - creator @binance, @shownmedia and @mexc
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Joined January 2022
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I use @MEXC, so when the FinCEN announcement came out, I wanted to understand exactly what the order says rather than rely on headlines and social media reactions.
After going through the document, a few details stood out to me:
- The order does not direct a blanket freeze of individual users' assets.
- It does not instruct MEXC to shut down its global platform.
- Its restrictions prohibit covered U.S. financial institutions from processing funds transfers to or from MEXC Global.
- The restrictions take effect 30 days after publication in the Federal Register.
That distinction matters. Regulatory restrictions on financial institutions should not automatically be interpreted as an order to seize every user's funds or suspend all exchange operations.
MEXC has stated that its platform continues to operate normally and that it has initiated an independent review of its AML and sanctions compliance controls.
I'm keeping an eye on how this develops, but after reading the order myself, I think some of the reactions online have gone further than what the document actually states. It's worth understanding the facts before drawing conclusions.
MEXC is aware of the order issued by the U.S. Financial Crimes Enforcement Network (FinCEN) on November 6, 2026, and is reviewing it closely in coordination with our legal and compliance teams.
MEXC is operating normally, and user assets remain secure.
We take the concerns raised seriously and intend to engage constructively with FinCEN, as well as other relevant regulators and competent authorities worldwide. We have also begun an independent review of our AML and sanctions controls.
We will continue to monitor the situation closely and provide further updates through our official channels.
One important thing about MEXC Futures Earn is understanding how much of your balance actually qualifies for interest.
It's not simply about keeping more USDT in your Futures account. MEXC applies eligible balance limits, and the APR available to you depends on the product's conditions and your qualifying position value.
After activation, I'd pay attention to three things:
- Which assets and contract pairs are supported.
- How much of your balance qualifies for interest.
- The actual APR and limits displayed on your account.
For context, Futures Earn allows eligible USDT and USDE balances to earn interest while you continue opening and closing Futures positions.
Its advertised APR goes up to 20%, combining a 5% base rate with up to 15% bonus APR.
The feature is worth understanding, but the actual terms on your account matter more than the headline figure.
Explore MEXC Futures Earn:
mexc.com/earn/futures-auto-e…
#MEXCSquad #MEXC
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A token launch brings attention, but it also creates a period when users need to be especially careful about what they're interacting with.
$VLX is scheduled to launch on November 10 at 1:00 PM UTC.
For Velixo, this marks another stage in its development, following its growth from an NFT marketplace on Fogo and the community that has supported the ecosystem.
The 25% community allocation is also part of the token distribution, recognising early supporters and active contributors.
One thing worth emphasizing ahead of TGE: wait for the official contract address and verified trading links from Velixo's official channels.
Avoid purchasing or interacting with tokens claiming to be $VLX before the official launch announcement.
With new tokens, verifying the source before making a transaction is always worth the extra attention.
@VelixoMarket
MEXC Futures Earn advertises up to 20% APR.
But where does that number come from?
It combines two components:
1. Base APR: 5%
Eligible Futures balances can earn the base APR once the applicable minimum balance and other conditions are met.
2. Bonus APR: Up to 15%
This additional APR depends on your Futures position value. Higher qualifying position values can unlock higher bonus tiers.
That means the advertised 20% isn't automatically available to everyone.
Your eligible balance determines the amount earning interest, while your qualifying position value helps determine the applicable bonus tier.
MEXC can also apply individual APR and principal limits, so check your account's live Futures Earn page for the actual rates and limits.
Explore MEXC Futures Earn here:
mexc.com/earn/futures-auto-e…
#MEXCSquad #MEXC
🤝 Paid partnership
New to RUGS on SWEEP? Here is what it is and what to check before playing.
SWEEP is a Web3 rewards platform on BNB Smart Chain, and ActionFi is running a 10-week, $150,000 campaign with it.
Sweep describes RUGS as a provably fair crash round: you buy the candle and sell before the rug. This is an explainer, not a review of results.
Before playing: Read the round rules on the RUGS page, including payouts and fees. Decide your stake limit first and start with the smallest amount. Treat every stake as money you may lose. Check the game is allowed in your region.
Their campaign on ActionFi is worth joining: join.actionmodel.com/BLURMAS…
@SweepGlobal x @ActionModelAI
How UP/DOWN works on SWEEP, based on Sweep's own pages.
SWEEP is a Web3 rewards platform on BNB Smart Chain. UP/DOWN is part of its Market section, and each short crypto round asks one question: will the price close above where the round opened?
You choose Up or Down and enter an amount while the round is open. Per Sweep's Market docs, all stakes go into a shared pool. When the round resolves, the pool goes to the winning side in proportion to what each person staked, so a return depends on how much others staked as well as on being right.
Sweep states that fees from market activity are split 50% to burning SWEEP and 50% to USDT distribution.
This is an explainer, not a review. The games use real funds, so check the rules on the page and your region, and only stake what you can afford to lose.
Join the campaign: join.actionmodel.com/BLURMAS…
@ActionModelAI @SweepGlobal
SWEEP presale explained for anyone new. This thread covers the token, the three phases, how to take part and what to check first.
SWEEP is a Web3 rewards platform on BNB Smart Chain where users play games and complete tasks. Its token is being sold in a presale before launch.
This is educational, not financial advice.
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SWEEP presale explained for anyone new. This thread covers the token, the three phases, how to take part and what to check first.
SWEEP is a Web3 rewards platform on BNB Smart Chain where users play games and complete tasks. Its token is being sold in a presale before launch.
This is educational, not financial advice.
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Check these first:
• Confirm Phase 3 is still open on sweep.finance
• The ICO docs do not state a TGE date
• Check fees on your payment method
• Check access in your region, since Sweep says it may be restricted
• Trust sweep.finance and @SweepGlobal links only
Sweep says participation involves risk and that it gives no financial advice.
Only commit what you can afford to lose and do your own research.
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Join the SWEEP x ActionFi campaign now and start earning: join.actionmodel.com/BLURMAS…
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Token distribution is worth examining beyond the headline percentages. How supply is allocated and how quickly different groups can access it both matter.
Velixo has published the final $VLX tokenomics, with a maximum supply of 1 billion tokens.
A few details stood out to me:
• 25% is allocated to community and airdrops, the largest share.
• Team allocation is 20%, with a 12-month lock followed by 36 months of vesting.
• Eligible users can stack rewards across NFTs, Discord roles, engagement points and Robinhood Chain trading.
The team vesting schedule is particularly worth noting, while the circulating supply and monthly unlock schedule will provide more context once published.
A community-heavy allocation is a starting point, not proof of a sustainable token economy. How those allocations are distributed and used over time matters just as much.
Airdrop registration closes November 9 at 18:00 UTC.
@VelixoMarket
ActionFi's campaigns follow the same pattern each time.
Users complete tasks on a partner's product, and the Action Model extension verifies each one against its success criteria. Points are credited instantly, while partner rewards are distributed after the campaign closes, by leaderboard position and a lottery draw.
SIXR, the first campaign, ran for two months with a $100K pool, and its leaderboard and lottery winners have been celebrated over the past few days.
SWEEP's own first campaign was a 7-day test with a 10K $SWEEP pool and brought in 17K+ new users and 9.5K+ KYC verifications. It has returned with $150,000 across 10 weeks: $100K for the top 150 on the leaderboard, $30K in a lottery and $20K for creator and ambassador competitions.
The announcement says a first qualifying task can start you in the lottery, and that you can qualify for both pools.
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I understand the decision to move your funds. Everyone has to make their own risk assessment.
One distinction worth making, though: the $16B figure refers to transactions the U.S. Treasury alleges were connected to illicit activity, not $16B in customer funds lost or seized.
FinCEN's order restricts U.S. financial institutions from processing transfers involving MEXC. That's different from ordering a global shutdown or freezing every user's assets.
Being cautious is reasonable. I just think it's important to separate the regulatory action from the operational issues rather than assume they're automatically the same event.
Your funds are always safe on @MEXC
Creator campaigns are becoming another way Web3 projects build awareness, but the quality of participation matters just as much as the number of creators involved.
@VelixoMarket has launched its Creators Leaderboard, allocating 10,000,000 $VLX tokens (1% of the total supply) to the top 100 creators.
The campaign runs from November 3 until TGE.
Participation is straightforward:
• Connect your X account to the Velixo Creators platform.
• Create original content about Velixo.
• Submit your posts so they can be tracked on the leaderboard.
What I find interesting is the emphasis on quality and originality rather than simply encouraging creators to flood timelines with repetitive posts.
For creators already following the ecosystem, this is another way to contribute while competing for a share of the allocated rewards.
Let's see how the leaderboard develops.
BlurMask retweeted
I'd like to keep everyone updated on where things stand and share the latest progress we've made over the past several hours.
1. Platform Operations Remain Stable
Over the past several hours, teams across MEXC have been actively engaging in discussions and coordinating with relevant parties to move things forward.
We know what many of you are most concerned about: Has MEXC suspended deposits and withdrawals? Are users' assets safe?
I would like to give you my assurance: deposits and withdrawals on MEXC have continued to operate smoothly. Our teams have also been actively assisting users who need help completing their transactions.
We have indeed seen an increase in withdrawal volumes, but everything has remained orderly. We sincerely appreciate the understanding and trust our users have shown MEXC at this critical moment.
2. Meaningful Progress with KYT Service Providers
At the same time, we’ve been working closely with blockchain analytics providers.
Elliptic, one of the world’s leading KYT service providers, has confirmed that MEXC Global has returned to the “Exchange” category in its systems. At this stage, the previous special risk classification has been removed, and MEXC is classified according to its business activities.
3. What we are doing
I would like to stress that we take the concerns raised in FinCEN’s order seriously. We intend to engage constructively with FinCEN and have begun an independent review of our AML and sanctions controls.
We remain focused on resolving this situation and will continue to share updates as things develop.
Thank you to everyone who has continued to stand with us. And to those who have chosen to withdraw, we respect your decision and will do our best to ensure a smooth process.
Thank you for your trust and support.