1. What is the Kickstarter event?

The Kickstarter event is an activity initiated during the pre-launch stage of a project where users can vote to support their favorite project on MEXC, which then airdrops its tokens to all successful voting users. This event is designed to identify high-quality projects and at the same time, bring airdrop benefits to MEXC users.

2. How to Participate and Boost Your Rewards?

Step 1: Qualify for Participation 

To be eligible, make sure your spot account has held at least 1,000 MX tokens for the 24 hours before 15:59 (UTC) on the day before the event starts. If your holdings fall below 1,000 MX at any time during this period, you will lose your participation eligibility.

Step 2: Commit MX and Calculate Valid Committed Quantity

Once you meet the eligibility requirements, you can commit MX during the event period. The committed MX will be used to calculate rewards and will not be frozen. After the event ends, we will calculate your valid committed quantity based on your actual committed quantity and the level you qualify for. The higher your valid committed quantity, the more rewards you will receive.

By increasing the number of valid invitees you invite, your reward coefficient grows, and you can claim a larger portion of the total rewards.

Reward Rule: The more MX you commit and the more valid invitees you invite, the higher the rewards you will ultimately receive.

User's Valid Quantity of Committed MX = User's Actual Quantity of Committed MX * Commitment Coefficient

To calculate the reward for User A:

User A's Reward = (User A's Valid Quantity of Committed MX / All Users' Total Valid Quantity of Committed MX) * Total Prize Pool

The more MX you commit and the more friends you invite as valid users, the larger your share of the rewards!

Definition of a valid user:

A valid user = A user who completes their first deposit after signing up (internal transfers not counted, but deposits via on-chain, P2P, or fiat are all valid), accumulates deposits of ≥ $100 within 7 days, and completes at least one futures trade.(Must complete the closure of at least one order.)

Note:

The system will take a snapshot of the number of valid invited users (valid for 30 days) and update the level the following day. Users can check their account level coefficient on the event page.

Step 4: Reward Distribution

Rewards will be distributed to your spot wallet based on the event rules.

3. How to calculate my MX holdings?

The minimum of all MX amounts snapshotted over the consecutive 24 hours will be used in the calculation for MX holdings.

(1) Spot account balance snapshot: Take the smallest amount of the day's snapshots (three random snapshot throughout the day)

For example:

The MX amount in three snapshots of the day are 100 MX, 200 MX, 300 MX - The minimum snapshotted amount is 100 MX of the day

(2) Snapshots will end on the day before the activity starts; Data is collected based on the time zone of UTC+8.

4. How to calculate MX amount that I can commit?

The minimum amount you can commit is 1,000 MX; the maximum amount you can commit is 500,000.

1. If the minimum MX amount snapshotted in your spot wallet over the 24 hours falls below 1,000 MX at any time, the MX amount you can commit will be 0. You will not be qualified for Kickstarter.

2. If the minimum MX amount in your spot wallet for the consecutive 24 hours is between 1,000 MX and 500,000 MX, the MX amount you can commit will be the lowest MX amount snapshotted in your spot wallet during the 24 hours.

3. If the minimum MX amount in your spot wallet for the consecutive 24 hours is greater than 500,000 MX, the greatest amount of MX you can commit is 500,000 MX.

5. Which wallet does MX need to be in to participate in the activity?

Your MX tokens should only be in your Spot Wallet for eligible snapshot. MX in other wallets will not be snapshotted.

6. How can I check the amount I have committed during the event?

(1) You can find your committed MX amount and valid committed amount on the event page;

(2) You can find your commitment history under Event Details - Reward History

7. How to check my Kickstarter rewards?

(1) You can check your estimated rewards and actual rewards on the event page based on your committed MX tokens.

(2) To check the details of the actual rewards you received for this event, you can view it under Event Details - Reward History.