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[Airdrop] MEXC Will Launch the Launchpool with SaxumDAO (SXM)

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Dear MEXCers,

The new session of MEXC Launchpool is now live! MEXC offers users worldwide the chance to participate in free token airdrops from new projects and potentially earn valuable tokens. So don't miss out on this exciting opportunity and be sure to take advantage of the new session of MEXC Launchpool!

The project for this session is SaxumDAO (SXM).

 

Participation link:https://www.mexc.com/Launchpools/assessment

SaxumDAO (SXM) Introduction>>>


Token Sale Details:

  • Token Name: SaxumDAO (SXM)

  • Total Supply: 1,000,000,000 SXM

  • Tokens Allocated to MEXC Launchpool: 1,428,600 SXM

  • Token Sale Format: Airdrops (No asset exchange) 

  • Supported Sessions: MX


How to Participate:

  • You can commit MX to register for the token allocation.

  • MEXC will record users' MX holdings for 30 consecutive days, the max amount of MX you can commit depends on the minimum holding of MX in your Spot Wallet over the snapshot period.

Session

Committed Token

Token Allocation

Min. Holding MX Amount consecutive during Snapshot Period

Max. Commitment during Registration Period

MX 

MX

1,428,600 SXM 

1,000 MX

500,000 MX


The timeline is shown below: 

  1. Registration Eligibility: Hold at least 1,000 MX or more for 30 consecutive days before 2023-11-07 16:00 (UTC)

  2. Registration Period: 2023-11-08 10:00 - 2023-11-13 10:00 (UTC)

  3. Airdrop Time: 2023-11-13 11:00 (UTC)

  4. SXM/USDT Trading: 2023-11-13 14:00 (UTC)

  5. SXM Deposits: 2023-11-12 14:00 (UTC)

  6. SXM Withdrawal: 2023-11-14 14:00 (UTC)


Please note:

[Snapshot]

  • The snapshot period will be 30 days prior to the registration time. Click here for more details >>

  • During the Snapshot Period, users need to hold at least 1,000 MX tokens for 30 consecutive days, without any day dropping below that amount, in order to participate in the Launchpool campaign on MEXC.

  • If your MX position snapshot falls below 1,000 MX on any day within 30 consecutive days, you will become ineligible to participate in the Launchpool event.

  • The final committable quantity will be calculated based on the minimum amount of MX held in the user's spot account for 30 consecutive days.

  • MEXC will keep record of your MX holdings during the Snapshot Period, and you must meet the minimum holding amount (which is at least 1,000 MX) consecutively during the entire Snapshot Period to be eligible for participation.


[Registration]

  • All eligible users can commit using MX during the commitment period. The committed MX will only be used for reward calculation and will not be frozen.

  • To participate in the Launchpool event, you must click on the commitment button on the event page during the registration period.

  • The reward allocation will be distributed in proportion based on your effective committed MX amount as shown by the table below:

Committed Quantity

Commitment Coefficient

1,000 ≤ X < 3,000

1

3,000 ≤ X < 5,000

1.05

5,000 ≤ X < 10,000

1.1

10,000 ≤ X < 20,000

1.15

20,000 ≤ X < 50,000

1.2

50,000 ≤ X < 100,000

1.25

100,000 ≤ X < 500,000

1.3

Effective Committed MX Amount of User = Committed MX Amount * Commitment Coefficient

To calculate the rewards for User A:

User A's rewards =  (Effective committed MX amount of User A / Total effective committed MX amount of all users) * Total prize pool

The more MX you commit, the more airdrop rewards you get!

 

Terms & Conditions

  • After successfully participating in this event, you can also participate in the other ongoing Kickstarter and Launchpool events simultaneously.

  • MEXC reserves the right to interpret this event at our sole discretion.


Risk Disclosure

Start-up blockchain projects may face significant risks in operation, underlying technology, and legal and regulatory environments. Investing in such projects requires rich technical and financial knowledge to understand the inherent risks associated with blockchain start-ups. Before making any investment decisions, we recommend that you conduct thorough due diligence, evaluation, or seek advice from professional consultants.

The prices of digital assets related to blockchain projects exhibit high volatility and may fluctuate due to various factors. Investing in such projects may result in significant or total investment losses. Additionally, due to underlying technology of blockchain projects or cyber attacks, you may be unable to withdraw digital assets related to blockchain projects partially or completely. 

When deciding whether to invest in this project, please carefully assess the risks and make a decision based on your risk tolerance. MEXC does not guarantee or compensate for any investment losses incurred by you.

 

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Enjoy trading on MEXC.

The MEXC Team

8 November 2023