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Explanation for Revised Launchpad Position Rules
Dear MEXCer,
MEXC has updated the statistical logic for MX positions in the Launchpad events, which will be implemented on the Launchpad project, LOFI, and the other Launchpad projects moving forward. Below is the explanation for the revised Launchpad position rules:
1. Event Participation Criteria
Users must ensure the minimum position of at least 1,000MX in spot accounts for 15 consecutive days by 15:59 (UTC) of the day before the commitment stage starts. (Every 24-hour period is counted as one day.)
Note:
- If your MX position snapshot on any day during the 15 consecutive days is below 1,000 MX, you might lose your eligibility to participate in Launchpad.
- Your MX position snapshot will not be affected by the MX assets locked for Launchpad or Kickstarter participation.
Example 1: Up till the day before the registration stage starts, for 15 consecutive days, if User A's daily minimum position snapshot values are: 1000, 1000, 0, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, and 1000, User A's minimum position during the 15 consecutive days is 0 MX.
Example 2: Up till the day before the registration stage starts, for 15 consecutive days, if User B's daily minimum position snapshot values are: 1000, 2000, 2000, 2000, 2000, 2000, 2000, 2000, 2000, 2000, 2000, 2000, 2000, 2000, and 2000, User B's minimum position during the 15 consecutive days is 1,000 MX.
2. Event Registration
- All eligible users can commit using MX during the registration period. For Launchpad, the minimum commitment quantity is 1,000 MX, and the maximum commitment quantity is 500,000 MX.
- The final committable quantity will be calculated based on the minimum MX position in the user's spot account during the 15 consecutive days.
- After committing successfully, the MX will be temporarily locked until the settlement of airdrops is completed. The MX committed cannot be transferred, traded, etc during this period.
3. Reward Allocation
After the commitment stage ends, we will airdrop the corresponding airdrop rewards to the spot accounts of participating users according to the event rules.
For more details, please refer to: Launchpad FAQ
Click to join the event: https://www.mexc.com/launchpads/assessment
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The MEXC Team
24 March 2023
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