MEXC Will Support Airdrops of VTHO to VET Holders

Dear MEXCers,

According to the VeChain (VET) project rules, MEXC will support the airdrops of VTHO to VET holders. The VTHO will be distributed on a monthly basis, but calculated based on daily snapshots of each user’s VET balance.

Calculation Formula:

Daily VTHO for each user = User VET holdings / Total VET held on MEXC* Daily total VTHO received by MEXC

Please note:

MEXC will take random snapshots of VET balances daily;
VET balances under 1 VET (including those in trade orders) will not be included into the daily VTHO calculations.
VTHO is calculated daily but distributed monthly. Distributions will be completed before the 5th of each month.
The calculation starts from 16:00 on January 31, 2024 (UTC). The first airdrop of VTHO will be completed before March 5, 2024.

For more details, please refer to: Page 38 of VeChain Development Plan and Whitepaper.

Thanks for your support!

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The MEXC Team

29 February 2024

Read the original article at mexc

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