M-Day Program is a series of activities that are held on MXC Exchange for mainstream crypto holders. Users who hold mainstream cryptos can enjoy discounted token sale price.
In this session, XLM3L and XLM3S leveraged ETF products are launching on M-Day program. Users who hold BTC and ETH can enjoy 50%-off price of XLM3L or XLM3S.
I. The following is the listing details of XLM3L and XLM3S leveraged ETF products:
1. Underlying asset: XLM
2. ETF product: XLM3L, XLM3S
3. Issurance price: 1 USDT
4. Trading time: 20:00 (UTC+8), Mar 27
5. Trading pair: XLM3L/USDT, XLM3S/USDT on MXC ETF Board
6. Sales price: 0.5 USDT
7. Sales amount: XLM3L~40,000 and XLM3S~40,000
II. The format of DRAW is adopted for the sale. The details are shown below:
- Eligibility: User’s min. postion of BTC, ETH and MX in 24h prior to 12:00 (UTC+8), March 27 (that is 12:00, Mar.26 -12:00, Mar.27 (UTC+8)) are used to determine how many tickets a user can get. The details are shown in the form below:
Note: 1 winning ticket = 50 XLM3L/XLM3S; Holders of both ETH and BTC can claim both the tickets for XLM3L and XLM3S.
- Ticket-claim time: 12:00 - 16:00 (UTC+8), Mar 27 (Eligible users are able to participate the draw during the period. The ticket number is ranged from 00001 to 99999. Users can claim a number of tickets based on the BTC, ETH and MX positions specified in the form above)
- Draw result will be released at 18:00 (UTC+8), Mar 27. Participants can visit MXC M-Day page to check whether get the lucky number or not.
- Settlement: BTC and ETH will be used for the exchange of the XLM3S and XLM3L products respectively. The exchange will be made at 19:00 (UTC+8), Mar.27. Therefore, winners shall have enough BTC or ETH balance (except the pended/frozen BTC or ETH token) to exchange XLM3S or XLM3L before the time thereof. Otherwise, it will be deemed that the participant gives up the chance by itself.
- The amount of ETH required for exchange of XLM3L = ( Number of winning tickets* 50 XLM3L * 0.5 USDT) / average price of ETH.
- The amount of BTC required for exchange of XLM3S = (Number of winning tickets* 50 XLM3S * 0.5 USDT) / average price of BTC
- The average price of ETH and BTC will be the average closing price from Mar.23 to Mar.26 respectively.
- Join the draw at MXC M-Day page: https://www.mxc.io/mDay/list
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MXC Exchange will make best efforts to choose high quality coins, but will not be responsible for your investment losses.
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Enjoying your trade on MXC.
The MXC team
March 25, 2020