Dear MEXCers,
MEXC Global is thrilled to launch another session of Kickstarter, a listing campaign initiated by the project team on MEXC before launch where users can stake tokens and vote to support their favourite project. This event is designed to identify high-quality projects and, at the same time, bring airdrop benefits to MEXC users.
Presenting the project for this session of Kickstarter, Navcoin (NAV).
About Navcoin (NAV)
Navcoin, launched in 2014, is an open-sourced digital currency offering fast and reliable payments with innovative technological and privacy features. Storing coins on a Navcoin wallet allows for making public or private transactions, earning rewards through staking (for network validation) or mixing coins (for privacy enhancement), and having a vote in project proposals. Unique to Navcoin's cryptosystem is that public NAV coins can be converted 1:1 to xNAV, the revolutionary privacy coin that guarantees untraceable transactions. Additionally, Navcoin has launched wNAV, a wrapped representation of NAV, that can be used in ecosystems such as Ethereum and Binance Smart Chain (BSC).
Official Website | Block Explorer | Twitter | Discord | Medium
How to join Kickstarter:
Users can stake MX tokens to participate in voting and stand a chance to win free project airdrops. The maximum amount of MX you can commit depends on the MX balance in your Spot Wallet at the snapshot time (MEXC will take a random snapshot of users’ MX holdings during the snapshot period).
Details are as follows:
1. Registration Eligibility: Hold at least 1,000 MX or more for 15 consecutive days before 2023-04-22 16:00 (UTC)
2. Voting Period: 2023-04-23 00:00 to 2023-04-23 11:50 (UTC)
3. Estimated Trading: 2023-04-24 06:00 (UTC)
4. Deposit: Opened
5. Withdrawal: 2023-04-25 06:00 (UTC)
6. Voting Link: https://www.mexc.com/sun/assessment
7. Airdrop Details:
- Reward Pool: 500,000 NAV
- Price: 0 USDT (Reference Price: $0.06)
8.Voting Token: MX
9. Requirements: 1,000 ≤ MX ≤ 500,000
10. You can commit based on your maximum committable quantity. Successful commitments will only be used for reward calculation and your MX will not be frozen.
11. Rewards: The airdrop rewards will be distributed proportionally within an hour according to users’ total votes once the event concludes.
12. You can also participate in other ongoing Kickstarter events after you successfully participated in this event.
13. The reward allocation will be distributed in proportion based on your effective committed MX amount as shown by the table below:
| Committed Quantity | Commitment Coefficient |
| 1,000 ≤ X < 3,000 | 1 |
| 3,000 ≤ X < 5,000 | 1.05 |
| 5,000 ≤ X < 10,000 | 1.1 |
| 10,000 ≤ X < 20,000 | 1.15 |
| 20,000 ≤ X < 100,000 | 1.2 |
| 100,000 ≤ X < 500,000 | 1.25 |
Effective committed MX amount of current user = committed MX amount * Commitment Coefficient
For Examples, User A had participated for Kickstarter Campaign and had committed for 6000 MX thus the rewards can get would be：
Users A rewards = (6000 MX*1.1) / 100,000,000 * 500,000 NAV
The more MX you hold, the more airdrop rewards you get!
For more details, please visit the Kickstarter page
Terms & Conditions:
1. Market-making & project party accounts are not eligible to participate in the campaign.
2. Staked tokens will be refunded once the event concludes. No fees will be required for participation in the Kickstarter event.
3. Users participating in this event must complete the required KYC verification before the end of the event to be deemed eligible for the rewards.
4. MEXC has the final interpretation right of this event.
Risk Disclosure
Start-up blockchain projects may face significant risks in operation, underlying technology, and legal and regulatory environments. Investing in such projects requires rich technical and financial knowledge to understand the inherent risks associated with blockchain start-ups. Before making any investment decisions, we recommend that you conduct thorough due diligence, evaluation, or seek advice from professional consultants.
The prices of digital assets related to blockchain projects exhibit high volatility and may fluctuate due to various factors. Investing in such projects may result in significant or total investment losses. Additionally, due to underlying technology of blockchain projects or cyber attacks, you may be unable to withdraw digital assets related to blockchain projects partially or completely.
When deciding whether to invest in this project, please carefully assess the risks and make a decision based on your risk tolerance. MEXC does not guarantee or compensate for any investment losses incurred by you.
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Enjoy trading on MEXC.
The MEXC Team
20 April 2023
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