Explanation for Revised Position Rules of Kickstarter Events

Dear MEXCer,

MEXC has updated the statistical logic for MX positions in the Kickstarter events, and the revised position rules will be implemented starting March 28, 2023. Below is the explanation for the revised Kickstarter position rules:

1. Event Participation Criteria

Users must ensure a minimum position of at least 1,000 MX in spot accounts for 15 consecutive days by 15:59 (UTC) of the day before the commitment stage starts. (Every 24-hour period is counted as one day.)

Note:

• If your MX position snapshot on any day during the 15 consecutive days is below 1,000 MX, you might lose your eligibility to participate in Kickstarter.
• The MX assets locked for Launchpad or Kickstarter participation will not affect your MX position snapshot.

2. Event Commitment

• All eligible users can commit using MX during the commitment stage. For Kickstarter, the minimum commitment quantity is 1,000 MX, and the maximum commitment quantity is 500,000 MX.
• The final committable quantity will be calculated based on the minimum MX position in the user's spot account during the 15 consecutive days.
• After committing successfully, the MX will be temporarily locked until the settlement of airdrops is completed. The MX committed cannot be transferred, traded, etc during this period.

3. Reward Calculation

The valid committed quantity is calculated based on the tier system for revised Kickstarter events. Once your actual committed quantity meets the minimum commitment quantity requirement of the corresponding tier, you can calculate your valid committed quantity based on the commitment coefficient of the corresponding tier. The larger the proportion of your valid committed quantity, the higher the rewards. The coefficients by tier are as follows:

User's reward = User's valid committed quantity / All users' total committed quantity * Total prize pool,

where User's valid committed quantity = User's actual committed quantity * Commitment coefficient of corresponding tier.

E.g. User A makes an actual commitment of 6,000 MX in a Kickstarter event, and the user's commitment coefficient is 1.1. The total valid commitment quantity of all users in this event is 1,000,000 MX. Therefore, the calculation of User A's reward is: (6,000 * 1.1) / 1,000,000 * Total prize pool

4. Reward Allocation

We will airdrop the corresponding airdrop rewards to the spot accounts of participating users according to the event rules within 1 hour after the end of the event.

For more details, please refer to: Kickstarter FAQ

Click to join the event: https://www.mexc.com/sun/assessment

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The MEXC Team

28 March 2023