Dear MEXCers,
MEXC will be launching ETF Trade Mining Event! Users who trade XRP3L & XRP3S & XRP5L & XRP5S products daily during the event period can mine 6,500 XRP rewards. The event details are as follows:
⏰ Event Period: 16:00, March 22, 2023 - 15:59, March 24, 2023 (UTC)
Event Rules:
- The mining rewards are evenly distributed over each day of the event period.
- Users can share the 3,250 XRP daily prize pool by trading XRP3L,XRP3S,XRP5L or XRP5S. The prize will be shared based on the proportion of their XRP3L/3S/5L/5S trading volume on the day.
- 16:00, March 22, 2023 - 15:59, March 23, 2023: Share 50% of total prize pool (3,250 XRP)
- 16:00, March 23, 2023 - 15:59, March 24, 2023: Share 50% of total prize pool (3,250 XRP)
- 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 XRP3L/3S/5L/5S 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 3,250 XRP.
User's daily mining reward =（1,500 / 50,000) * 3,250 = 97.5 XRP
Terms & Conditions
- Trading volume = Total trading volume of buy + sell
- The maximum reward each user can receive each day is 162.5 XRP.
- 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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Enjoy trading on MEXC.
MEXC Team
March 22, 2023
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