MEXC Trade Mining - Trade to Mine 900,000 LoopNetwork (LOOP) – Announcement

Dear users,

To give thanks to the community members for their warm support, the LOOP team will host a Trade Mining event exclusively for MEXC users. There will be a total of 900,000 LOOP up for grabs!

Event Period: 2022-11-02 16:00 - 2022-11-04 15:59 (UTC)

Join Now: >Web< >App<

Rules:

The total prize pool is distributed equally over each day of the event period.
Users can trade LOOP to share a daily prize pool of 450,000 LOOP in proportion to the total amount of LOOP traded for the day.
- 2022-11-02 16:00 - 2022-11-03 15:59: Share from 50% (450,000 LOOP) of the total prize pool
- 2022-11-03 16:00 - 2022-11-04 15:59: Share from the remaining 50% (450,000 LOOP) of the 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

For Example:

Suppose User A trades 1,000 LOOP for the day, the total trading volume of all participants is 1,000,000 LOOP, and the daily prize pool is 450,000 LOOP,

Daily reward for User A = (1,000/1,000,000) * 450,000 = 450 LOOP

Terms & Conditions

Valid Trading Volume = Buys + Sells.
The maximum reward for each user is 22,500 LOOP.
Users can only share rewards when their comprehensive trading fee rate exceeds 0.08% ( Individual Trading fee rate = Individual trading fees generated by trading LOOP/Individual trading volumes of LOOP)
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 LOOP 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.

For more information regarding the project introduction of LOOP, please refer to:

MEXC New M-Day - LoopNetwork (LOOP) is Launching

MEXC Will List LoopNetwork (LOOP) in Innovation Zone

Risk Reminders

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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Enjoy trading on MEXC.

The MEXC Team