Kenne Michael 
AlCoin categorically denies issuing or authorizing any projects and cautions investors to be wary of any projects on the MEXC Global trading platform claiming affiliation with AlCoin. AlCoin encourages investors to maintain vigilance, use discretion, avoid deception, and report suspicious activity.
🚨MEXC Global recently launched a fake project under the name of AICoin, please do not invest.
⚠️AICoin Solemn statement👇👇👇 pic.twitter.com/eLk2VcLyeK
— AICoin (@AICoincom) June 5, 2023
According to research, the AICoin listed on MEXC may refer to a different project with the same name.
AICoin Gateway, the MEXC-based initiative, is a blockchain-powered consulting platform specializing in artificial intelligence. The project uses Web3 technology and AI to establish a comprehensive data consultation platform for the cryptocurrency market. AICoin Gateway’s ecosystem comprises various products and services, including Wallet, AICoinNFT, Exchange, and AICoinDAO.
The absence of a complete name for the listed exchange, which has caused confusion, may be to blame. MEXC still needs to address this issue to provide clarification.
In contrast, AICoin Gateway is actively developing its ecosystem with its own AI token, while AICoin is merely a modest market analysis platform. AICoin Gateway’s marketing strategy concentrates on increasing brand recognition and adoption of the AICoin Gateway ecosystem via multiple channels, including social media, media coverage, and conferences. Consequently, this may be an endeavor to attract the attention of AICoin.