Matcha Exchange (MXC) is a digital currency trading platform established in April 2018. With a keen grasp of market opportunities and aggressive operational strategies, it achieved a breakthrough development in 2019 by increasing daily trading volume tenfold and entering the top ten globally. Its core strategy includes launching IEO business, implementing a full fee repurchase platform coin mechanism, and organizing trading competitions and other activities [1-2]. The platform caused industry disputes due to the "low difficulty of currency listing". In October 2021, it announced the retirement of users in Chinese Mainland, and planned to complete the asset disposal of identity authentication users by December 31 of the same year