Dear MEXCers,

MEXC is thrilled to launch another session of Kickstarter, a listing campaign initiated by the project team on MEXC before launch where users can stake tokens and vote to support their favorite project. This event is designed to identify high-quality projects and at the same time, bring airdrop benefits to MEXC users.

Presenting the project for this session of Kickstarter,  Renewable Energy Token (RET).

About Renewable Energy Token (RET)

Renewable Energy Token (RET)  is a BEP-20 token created on January 04, 2022 on the Binance Smart Chain network and one designed to the functional and experience for all supporters of renewable energy. It allows them to participate in the creation of physical projects on renewable energy that are environmentally friendly. In addition, those who hold the RET, both contribute to the spread of renewable energy and benefit from its rewards

Total Supply: 50,000,000,000,000,000 RET

Official Website | Block Explorer | Twitter | Telegram | Discord | Medium |Whitepaper

MEXC Regarding Renewable Energy Token‘s Tokenomics:

According to the RET’s tokenomics, 3% of each RET on-chain transaction will be deducted and 1% re-distributed to RET holders. Meanwhile, in order to cover the integration cost of the platform, MEXC will charge an additional 3% of the RET on-chain transaction. Therefore, the actual on-chain deposit amount to MEXC is 94% of your initial deposit amount.

The specific re-distribution plan for RET holders on MEXC is as follows:
1. MEXC will take snapshots of users' RET asset holdings at a random time point each day, and distribute dividends based on each individual users' average RET holdings across the snapshot period;
2. The RET dividends will be distributed on a weekly basis after Tuesday, for the previous week's worth of dividends for each user (the specific time of distribution can be found in the airdrop records: Spot Assets > Deposit and Withdrawal History > Other records);
3. The specific amount of RET dividends will be based on the actual amount of RET tokens received by the platform, MEXC does not charge any fees.

How to join Kickstarter:

Users can stake MX tokens to participate in voting and stand a chance to win free project airdrops. The maximum amount of MX you can commit depends on the MX balance in your Spot Wallet at the snapshot time (MEXC will take a random snapshot of users’ MX holdings during the snapshot period).

Details are as follows: 

1. Registration Eligibility: Hold at least 1,000 MX or more for 15 consecutive days before 2023-04-23 16:00 (UTC)

2. Deposit: Opened

3. Voting Period: 2023-04-24 10:00 to 2023-04-30 09:50 (UTC)

4. Trading: 2023-04-30 12:00 (UTC)

5. Withdrawal: 2023-05-01 12:00 (UTC)

6. Voting Link: https://www.mexc.com/sun/assessment

7. Airdrop Details: 

• Reward Pool:  104,202,756,734,815 RET

• Price: 0 USDT (Reference Price: $0.0000000004654)

8. Voting Token: MX

9. Requirements: 1,000 ≤ MX ≤ 500,000

10. You can commit based on your maximum committable quantity. Successful commitments will only be used for reward calculation and your MX will not be frozen.

11. Rewards: The airdrop rewards will be distributed proportionally within an hour accRETing to users’ total votes once the event concludes. 

12.  You can also participate in other ongoing Kickstarter and Launchpool events after you successfully participated in this event.

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

Effective committed MX amount of current user = committed MX amount * Commitment Coefficient

User's rewards = committed MX amount of the current user / committed MX amount of all users * total prize pool

For example, User A participated in Kickstarter Campaign & committed 6000 MX, thus the reward calculation would be：

User A's rewards = (6000 MX*1.1) / 100,000,000 * 104,202,756,734,815 RET

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

For more details, please visit theKickstarter page

Terms & Conditions:

1. Market-making & project party account is not eligible to participate in the campaign.

2. Staked tokens will be refunded once the event concludes. No fees will be required for participation in the Kickstarter event. 

3. Users participating in this event must complete the required KYC verification before the end of the event to be deemed eligible for the rewards.

4. MEXC has the final interpretation right of this event. 

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

24 April 2023