[CFX Round] MEXC ETF Trade Mining - Trade CFX3L&3S to Mine 10,000 CFX – Announcement

Dear MEXCers,

MEXC will be launching ETF Trade Mining Event! Users who trade CFX3L & CFX3S products daily during the event period can mine 10,000 CFX rewards. The event details are as follows:

⏰ Event Period: 16:00, March 15, 2023 - 15:59, March 17, 2023 (UTC)

Join Now: >Web< ｜ >App<

Event Rules:

The mining rewards are evenly distributed over each day of the event period.
Users can share the 5,000 CFX daily prize pool by trading CFX3L or CFX3S. The prize will be shared based on the proportion of their CFX3L/3S trading volume on the day.

16:00, March 15, 2023 - 15:59, March 16, 2023: Share 50% of total prize pool (5,000 CFX)
16:00, March 16, 2023 - 15:59, March 17, 2023: Share 50% of total prize pool (5,000 CFX)
The daily trading volume will be calculated from 16:00 (UTC) to 15:59 (UTC).
The rewards will be settled daily and automatically distributed to users' accounts at 08:00 (UTC) the following day.

Mining Rewards Calculation:

User's daily mining reward = (The user's trading volume of the specified ETF product on the day / All users' trading volume of the specified ETF product on the day) * Daily prize pool

Example: Assuming User A's CFX3L/3S trading volume on the day is 1,500 USDT, the total trading volume for all participants in the event on the day is 50,000 USDT, and the daily prize pool is 5,000 CFX.

User's daily mining reward =（1,500 / 50,000) * 5,000 = 150 CFX

Terms & Conditions

Trading volume = Total trading volume of buy + sell
The maximum reward each user can receive each day is 250 CFX.
This event is only open to main accounts. Sub accounts are not allowed to participate in the event.
Only trades with non-zero trading fees incurred are counted towards valid trading volume.
Market makers, API users and agencies are not allowed to participate in this event.
To ensure fairness, MEXC reserves the right to immediately cancel the reward eligibility of any user who engages in activities that violate the rules of the event, such as illegal batch account sign-ups that may disrupt the event's normal operation.
MEXC reserves the right to interpret this event at our sole discretion.

Risk Reminders

As an emerging financial derivative, leveraged ETFs greatly reduce the risk of liquidation, but there exists a risk of the price approaching zero and liquidation under extreme market conditions. Please read the ETF tutorial announcement carefully before trading and manage your risk control.

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