MEXC Trade Mining - Trade to Mine 28,500 XDAO (XDAO)

Dear Users,

To celebrate the launch of XDAO on MEXC, the project team will host a Trade Mining event exclusively for MEXC users. There will be a total of 28,500 XDAO up for grabs!

Event Period: 2023/1/15 16:00 - 2023-1-17 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 XDAO to share a daily prize pool of 14,250 XDAO in proportion to the total amount of XDAO traded for the day.
• 2023-1-15 16:00 - 2023-1-16 15:59: Share 50% (14,250 XDAO) of the total prize pool
• 2023-1-16 16:00 - 2023-1-17 15:59: Share from the remaining 50% (14,250 XDAO) 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 XDAO for the day, the total trading volume of all participants is 100,000 XDAO, and the daily prize pool is 14,250 XDAO,

Daily reward for User A = (1,000/100,000) *14,250 XDAO = 142.5 XDAO

For more information regarding the project introduction of XDAO, please refer to: MEXC Will List XDAO (XDAO) in Innovation Zone and Launch the "Trade Mining" Session

Terms & Conditions

• Valid Trading Volume = Buys + Sells.
• The daily maximum reward for each user is 712.5 XDAO. 
• Users can only share rewards when their comprehensive trading fee rate exceeds 0.08% (Individual Trading fee rate = Individual trading fees generated by trading XDAO/Individual trading volumes of XDAO)
• 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 XDAO 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.

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

15 January 2023