MEXC Will Hold the 2nd Session of Kusama's Parachain Slot Auction

Dear users,

To encourage the Polkadot community and the development of its ecosystem, MEXC now supports Kusama parachain slot auctions. Users will be able to simply and conveniently participate in these slot auctions on MEXC with zero transaction fees. Participants stand to gain USDT bonus rewards from MEXC as well as rewards from the projects that they have voted for.

Kusama Slot Auction official start time: 2021-09-01 12:00 (UTC)

Activity Period:

6th Auction: 2021-09-01 12:00 - 2021-09-08 09:00 (UTC)

7th Auction: 2021-09-08 12:00 - 2021-09-15 09:00 (UTC)

8th Auction: 2021-09-15 12:00 - 2021-09-22 09:00 (UTC)

9th Auction: 2021-09-22 12:00 - 2021-09-29 09:00 (UTC)

10th Auction: 2021-09-29 12:00 - 2021-10-06 09:00 (UTC)

During each activity period, users can participate in the auction via the Kusama Parachain Slot Auctions page on MEXC and receive USDT Bonus rewards from MEXC as well as rewards provided by the projects featured.

How to participate

Web: Through the navigation menu on the top of the website, hover over “Finance” and click “Slot Auction” to access the Auction page. Otherwise, you may access the page by clicking here.

App: Middle of the Home Page > Navigation Menu > Slot Auction

Quick Access to Slot Auction: https://www.mexc.com/slot/assessment

Reward details:

(1) USDT Rewards: For users who participate in the auction, they can receive an airdrop reward of 10 USDT bonus rewards from a total prize pool of 20,000 USDT on a first-come, first-served basis, regardless of whether the auction is successful. Minimum KSM contribution must be 1 KSM or above.

(2) Project rewards are as below:

Project Name	Ticker	Locking Period	Project Rewards
Calamari	KMA	7 days (Unlocking is not supported)	1. Up to 3,000,000,000 KMAs (30% of initial supply) will be rewarded to contributors by ranking. 2. Calamari crowdloan contributors will receive 10,000 KMAs per 1 KSM contributed as rewards for their contribution to the crowdloan by default. 3. Additional KMAs will be rewarded to the first 1000 contributors: 4. First 1-500 contributors will receive an additional 10% bonus rewards. 5. Subsequent 501-1000 contributors will receive an additional 5% bonus rewards.
Sakura	SKU		There will be at least 150 SKU per KSM for crowdloan contributors, and up to a maximum of 210 SKU per KSM depending on the result of the crowdloan. There will also be a 5% extra bonus for the first 1,000 participants of the crowdloan if Sakura secures a parachain slot. Sakura has set their maximum cap raise amount to 100,000 KSM. After this mark has been met, no more KSM bids will be eligible.
Sherpa X	KSX		1. 10 KSX will be rewarded for every 1 KSM locked. 2. 5% of the referral reward pool available for referrers and referees. The referral reward pool includes: 5 KSX for every 1 KSM staked 3. Additional rewards: Limited Edition Digital CID NFTs; the earlier the participation (in voting) and the larger the amount staked, the rarer the NFT reward.
Crust Shadow	CRU		1. 1 CRU + 1,000 CSM rewarded per 1 KSM locked. 2. Crust plans to bid for 8 consecutive lease periods. If the bidding is successful, the contributor’s KSM will be locked until the end of the lease period (48 weeks). 3. The total reward pool is 80,000 CRU + 80 million CSM. 4. 30% of the reward will be released immediately, and 10% will be released for each subsequent lease period (each 6 weeks).
Genshiro	GENS		1.A 25% early bird bonus will be rewarded to those who contribute during the first 14 days of the campaign. 2.Additional 20% bonus rewards will be given when the locked amount is more than 50 KSM. 3. Extra 3% referral bonus. 4.Doubled rewards on any contributions made in the first round of auction. 5.Special offer for any contributions > 500 KSM
Kintsugi	KINT		Minimum airdrop (Core) per locked KSM: 3.75 KINT if 200 000 KSM are locked

Notes on Voting Rules and Reward Distribution:

(1) Voting:

Please refer to the slot auction page for details on the rewards plan of each project.
Check the project information, lockup period, and reward rules carefully before voting. Please be aware that once they are locked, the voting assets used for the auction will be unavailable until the lockup ends.
After the auction has commenced, MEXC will cast users’ votes on-chain at regular intervals based on the KSM locked in each project. Due to special circumstances that may occur on-chain during the auction, such as delays or failures in voting, MEXC does not guarantee that all votes will be successful.

(2) Rewards Distribution:

The USDT bonus rewards from MEXC will be distributed to users' spot asset accounts within 2 weeks after the event. The project token rewards will be distributed based on the project’s separate reward plan, once the tokens can be transferred. Please refer to the slot auction page for details on the rewards plan of each project.
For certain projects that are yet to be listed on MEXC, the respective rewards will be exchanged for its equivalent worth of KSM instead, and distributed to users.
MEXC only serves as a platform to allow users to participate in voting on-chain. Rewards are solely provided by the project party. The distribution of the rewards and its actual settlement is subject to the official rules determined by the project party.

【Risk Reminder】

MEXC only acts as a platform to allow users to participate in voting on the chain by providing users with essential services such as the function to vote, showcasing projects and distributing rewards. MEXC will do our best to ensure the smooth progress of the auction but we do not guarantee that every vote will be successful.

MEXC does not assume any potential risks of loss that may arise due to severe price fluctuations or project and chain security issues. Please read the project introduction and voting rules carefully before participating in the vote.

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Enjoy trading on MEXC.

The MEXC team