MEXC will list Saddle (SDL) in the Innovation Zone and open trading for the SDL/USDT trading pair. The specific timeline is shown below.
- Deposit & Withdrawal: Opened
- SDL/USDT Trading: 2022-09-23 07:00 (UTC)
Note: Prices may move greatly for projects listed in the Innovation Zone. Please be cautious of the risks.
To reward the community members for their support, the SDL team will host a Trade Mining event exclusively for MEXC users. There will be a total of 1,200,000 SDL up for grabs!
Event Period: 2022-09-23 16:00 - 2022-09-25 15:59 (UTC)
Event link: https://www.mexc.com/earn/trademining
- The total prize pool is distributed equally over each day of the event period.
- Users can trade SDL to share a daily prize pool of 600,000 in proportion to the total amount of SDL traded for the day.
- 2022-09-23 16:00 - 2022-09-24 15:59: Share from 50% (600,000 SDL) of total prize pool.
- 2022-09-24 16:00 - 2022-09-25 15:59: Share from remaining 50% (600,000 SDL) of total prize pool.
- The effective trading volume will be calculated from 16:00 (UTC) to 15:59 (UTC) daily.
- Rewards will be calculated on a daily basis and issued to the user's account on the following day at 08:00 (UTC).
Daily Reward Calculation:
Daily rewards for each user = (Each user's daily trading volume /daily trading volumes of all users) * daily prize pool
Suppose User A trades 1,000 SDL for the day, the total trading volume of all participants is 1,000,000 SDL, and the daily prize pool is 600,000 SDL,
Daily reward for User A = (1,000/1,000,000) * 600,000 = 600 SDL
Terms & Conditions
- Valid Trading Volume = Buys + Sells.
- The maximum daily reward for each user is 30,000 SDL.
- Users can only share rewards when their comprehensive trading fee rate exceeds 0.08% (Individual Trading fee rate = Individual trading fees generated by trading SDL/Individual trading volumes of SDL)
- This event is limited to master accounts, and not available for sub-accounts.
- Valid Trading Volume will only be counted for trading volume accumulated with trading fees.
- Market makers, API traders, and institutional accounts are unable to participate in this event.
- MEXC reserves the right to disqualify users that are deemed to be wash trading, illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
- This event was initiated by the SDL team, and the rewards are provided by the project party. All participating users are deemed to participate voluntarily. This event does not constitute any investment advice.
- MEXC reserves the right to interpret this event at our sole discretion.
(This information is provided by the project team. Strictly for references only.)
Project Name: Saddle (SDL)
Initial Total Supply: 1,000,000,000 SDL
Block Explore (erc20):
Project Brief Introduction
Saddle is a decentralized automated market maker (AMM) on the Ethereum blockchain, optimized for trading pegged value crypto assets with minimal slippage. Saddle enables fast, low-cost, and low-slippage swaps for traders and high-yield pools for LPs.
Users are strongly advised to do their own research before participating. Nothing herein shall be construed as financial advice or recommendation to participate in the associated network. The price of the project token may fluctuate greatly due to market conditions and other factors. Withdrawal for the project token may be suspended (fully/partially) due to the token mechanism.
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The MEXC Team
22 September 2022