Are you at liberty to share the name of the exchange?
I'm curious on which 6 other VCs they currently exchange, and what types of volume they conduct.
Very nice!
Here is some more info:
The currencies they currently have on their exchange are BTC, LTC, XPM, XRP, ZCC and YAC - MEC will be the 7th.
Here is part of the initial contact I got from them:
"we would like to add MEC/CNY exchange to our website. We support six kind of coins now, and are looking for the 7th quality coin. We think MEC is really good but lack of chinese exchange. BTER add MEC/BTC on their site but nobody trade MEC on it.
We want to promote MEC again, consist of adding a MEC/CNY exchange, writing a investment analysis topic, and
posting up some advertisement on our website."
The exchange is at: http://www.btc38.com/trade.html - notice Megacoin is now showing as pending.
I don't read Chinese so it is hard for me to gauge what is going on at the exchange. I know the website has been around for a while and they seem to put a lot of work in with news articles etc. I don't actually know how long their exchange has been running and from what I can gather volumes of trade are not massive... Yet. However their interest in Megacoin, in my opinion, does show that more and more people are starting to notice Megacoin as a real contender. I also think Kimoto producing the Chinese Megacoin wallet and website has probably been a big part of their decision. China is a huge economy and digital currencies really seem to be gaining traction over there from what I can see. If Chinese users / investors start buying Megacoin we could see the price rise quite nicely in the not too distant future.
Anyway, one step at a time and all that..