MEXC Will List XDAO (XDAO) in Innovation Zone and Launch the "Trade Mining" Session
Dear Users,
MEXC will list XDAO (XDAO) in the Innovation Zone and open trading for the XDAO/USDT trading pair. The specific timeline is shown below.
Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
To celebrate the launch of XDAO on MEXC, the project team will host a Trade Mining event exclusively for MEXC users. There will be a total of 30,000 XDAO up for grabs!
Event Period: 2023-1-12 16:00 - 2023-1-14 15:59 (UTC)
Rules:
- The total prize pool is distributed equally over each day of the event period.
- Users can trade XDAO to share a daily prize pool of 15,000 XDAO in proportion to the total amount of XDAO traded for the day.
- 2023-1-12 16:00 - 2023-1-13 15:59: Share 50% (15,000 XDAO) of the total prize pool
- 2023-1-13 16:00 - 2023-1-14 15:59: Share from the remaining 50% (15,000 XDAO) of the total prize pool
- The effective trading volume will be calculated from 16:00 (UTC) to 15:59 (UTC) daily.
- Rewards will be calculated on a daily basis and issued to the user's account on the following day at 08:00 (UTC).
Daily Reward Calculation:
Daily rewards for each user = (Each user's daily trading volume /daily trading volumes of all users) * daily prize pool
For Example:
Suppose User A trades 1,000 XDAO for the day, the total trading volume of all participants is 100,000 XDAO, and the daily prize pool is 15,000 XDAO,
Daily reward for User A = (1,000/100,000) *15,000 XDAO = 150 XDAO
About XDAO (XDAO)
XDAO solves the problem of mutual budget management. In XDAO a group of people can easily create a Decentralized Autonomous Organization, deposit crypto assets, manage them by voting, sell DAO shares and directly interact with DeFi protocols.
Total Supply: 1,000,000,000 XDAO
Official Website | Block Explorer | Twitter | Telegram | Instagram | Discord | Medium | LinkedIn | Whitepaper
Terms & Conditions
- Valid Trading Volume = Buys + Sells.
- The daily maximum reward for each user is 750 XDAO.
- Users can only share rewards when their comprehensive trading fee rate exceeds 0.08% (Individual Trading fee rate = Individual trading fees generated by trading XDAO/Individual trading volumes of XDAO)
- This event is limited to master accounts, and not available for sub-accounts.
- Valid Trading Volume will only be counted for trading volume accumulated with trading fees.
- Market makers, API traders, and institutional accounts are unable to participate in this event.
- MEXC reserves the right to disqualify users that are deemed to be wash trading, illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
- This event was initiated by the XDAO team, and the rewards are provided by the project party. All participating users are deemed to participate voluntarily. This event does not constitute any investment advice.
- MEXC reserves the right to interpret this event at our sole discretion.
Risk Reminders
Users are strongly advised to do their own research before participating. Nothing herein shall be construed as financial advice or recommendation to participate in the associated network. The price of the project token may fluctuate greatly due to market conditions and other factors. Withdrawal for the project token may be suspended (fully/partially) due to the token mechanism.
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Enjoy trading on MEXC.
The MEXC Team
11 January 2023