MXC will hold "Leveraged Tokens VS Leveraged ETFs" activity starting at 00:00 (UTC+8), April 3rd. Join the trading for leveraged tokens or leveraged ETFs for the underlying assets of BTC, ETH and EOS to share 1000 USDT.
I. Activity period: 00:00, April 3 - 24:00, April 5 (UTC+8)
II. How to Participate?
Any users who join trading for leveraged tokens or leveraged ETFs for the underlying assets of BTC, ETH and EOS during the activity period are valid for the activity, no need of registration.
III. Awards and Rules
The increase/decrease amount of BULL/BTC3L, BEAR/BTC3S, ETHBULL/ETH3L, ETHBEAR/ETH3S, EOSBULL/ EOS3L, EOSBEAR/EOS3S against USDT pairs will be recorded respectively during the activity period. The corresponding pairs with largest increase amount or smallest decrease amount wins the competition. Users who trade the winning leveraged token pairs or the corresponding leveraged ETF pairs can share a total prize pool of 1000 USDT.
For example, suppose Jacky trades 100 USDT BTC 3L and 100 USDT EOS3S during the activity period and the increase/decrease amount of BULL/BTC3L, EOSBEAR/EOS3S against USDT pairs is 5%, 7%, -7%, -5% respectively, then BTC3L and EOS3S win the competition. The 200 USDT trading volume of Jacky is the valid amount. Suppose the total valid trading amount is 10,000 USDT, then Jacky can share: (200/10000)*1000USDT=20USDT
1. The activity is only for BULL/BEAR/BTC3L/BTC3S, ETHBULL/ETHBEAR/ETH3L/ETH3S, EOSBULL/EOSBEAR/EOS3L/EOS3S against USDT pairs.
2. The price of relevant leveraged tokens or leveraged ETFs at 00:00 (UTC+8), April 3 will be recorded as the starting price, and the price at 24:00 (UTC+8), April 5 as the ending price.
The increase/decrease amount formula is as follow:
Increase/decrease amount =(Ending price - Starting price) / Starting price
3. If the increase/decrease amount of the corresponding leveraged tokens and leveraged ETFs is the same, the traders will not be able to share the prize pool.
4. The prize pool is distributed based on the proportion of the user's valid trading volume.
(Trading volume = Buys - Sells)
5. Participants who trade the correponding BULL and 3L, or BEAR and 3S products at the same time cannot share the prize.
6. The prize will be distributed within 5 workdays.
7. MXC reserves the final explanation right.
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
April 2, 2020