Since leveraged ETF was launched on MXC Exchange, it was so welcomed by users that the number of traders and trading volume increase rapidly every day.
There was craze in trading BSV due to a bullish trend on January 14th and 15th, 2020, and the price of BSV saw great fluctuation. At this time point, a large number of traders purchased BSV3S within a very short time, resulting in the enlargement of the gap between order price and net value. This misled some users in buying it at the order price though it is very much deviated from the net value. When the order price recovered to the net value price in later stage, certain loss was caused for users who had bought BSV3S.
After analyzing all trades for BSV3S on January 14th and 15th and referring to the solutions for similar events, MXC determines to hold a series of bonus activities to feedback the users who lost money on trading BSV3S during the period mentioned above.
The details of the bonus activities are shown below:
I. “20% Airdrop”. Users who bought BSV3S/USDT pair on January 14th and 15th and experienced losses are able to receive 20% airdrop of the user’s purchase amount. It will be airdropped to user’s account in USDT within 5 workdays.
II. “70%-off of Trading Fee”. Users who bought BSV3S/USDT pair on January 14th and 15th and experienced losses are able to enjoy the privilege of “MXC Super Partner” since the second day after verification. That is 70%-off of trading fee for spot, ETF, Futures trading for half a year. If the user’s trading volume is greater than 1 million USDT in the half year, the privilege will be prolonged for another half year.
III. “70% Commission Rebate”. Users who bought BSV3S/USDT pair on January 14th and 15th and experienced losses are able to enjoy the privilege of “MXC Referral Ambassador” who can enjoy 70% commission rebate for any trading made by the invitees on spot, ETF or Futures for a year.
IV. “Two-Round Airdrop”. The top 200 users who have the largest commission rebate amount in every round are able to enjoy the airdrop mentioned in bonus activity 1. There will be two rounds (every 180 days is a round). The first round will start on January 22.
Attention: Users who bought BSV3S/USDT pair on January 14th and 15th and experienced losses must apply for the right to access the bonus activities before 24:00 (UTC+8), January 22. Otherwise it will be deemed that you give up the right to participate these bonus activities by yourself.
How to apply?
Send Email to firstname.lastname@example.org with information of:
*Your MXC Email Account
*Screenshot of trading record for BSV3S/USDT pair on January 14th and 15th
*Description of the issue within 100 words
MXC Exchange strongly suggest that users shall be fully aware of leverage ETF and its mechanisms before trading, and pay attention to whether the gap between “Order price” and “Net value” is too large before trading to avoid unnecessary losses.
Users can check net value of the leverage ETF products in two places (in blue boxes):
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Enjoying your trade on MXC.
The MXC team
January 17, 2020