In order to improve users’ trading experience and users can trade more supported tokens on MXC, MXC is now launching the “Listing Relay Competition among BNT, LEND, KEEP, REN, RUNE, RSR, SNX, and SWTH”. The Bancor (BNT), Aave (LEND), Keep Network (KEEP), Republic Protocol (REN), THORChain (RUNE), Reserve (RSR), Synthetix (SNX), and Switcheo (SWTH) recommended by community members may be listed on the MXC platform according to their rankings in three rounds of the Listing Relay Competition. At the same time, users who deposit the above-supported tokens can share the 5,000 USDT. The details are below.
Rules of the Listing Relay Competition:
There are three rounds of the Listing Relay Competition. Round 1 is 8 in 6, and the 6 winning projects of the 8 can go to the 2nd round according to their rank of total net deposit value in the 1st round. The trading pair of the 6 projects will be temporarily listed on MXC. Round 2 is 6 in 4, and 4 winning projects of the 6 can go to 3rd round according to their rankings of trading volume in the 2nd round. Round 3 is 4 in 3, and the 3 winning projects of the 4 can be listed first on MXC according to their rankings of the total amount of holdings. The MXC will list the 3 projects in the 3rd round firstly and will also launch other projects in sequence according to the project ranking.
The privilege for Listing:
During the activity time of the Listing Relay Competition, If users’ deposit value of the above-supported tokens is not less than 300,000 USDT or the number of people who deposit the above-supported tokens to the MXC platform is not less than 500, the MXC will list the projects.
Round1: 8 in 6, Deposit Competition With 1,500USDT Giveaway.
Activity Time: 10:00, June 24 - 10:00, June 26(UTC+8)
Calculation: Net Deposit Amount = Deposit-Withdrawal, MXC will rank the cumulative net deposit value of each user in this round of activity, which will be converted into USDT based on the average closing price of the listing tokens at 24:00(UTC+8) of the market during the activity period.
Rules: The MXC will rank according to the cumulative net deposit amount of users’ BNT, LEND, KEEP, REN, RUNE, RSR, SNX, and SWTH. Users with a cumulative minimum net deposit amount greater than 100 USDT can share 1500USDT. The details are as follows:
Round 2: 6 in 4, Trade Competition With 1,500 USDT Giveaway
Activity Time: 15:00, June 26 - 15:00, June 28(UTC+8)
Calculation: Trading volume= Buy+Sell. MXC will rank the cumulative trading volume of each user in this round of activity, which will be converted into USDT based on the average closing price of the listing tokens at 24:00(UTC+8) during the activity period.
Rules: MXC will temporarily open USDT trading pairs of six projects entered the 2nd round. Users with a cumulative trading volume of not less than 100 USDT can share 1500 USDT. The details are as follows:
Round 3: 4 in 3, Holding Competition With 2,000 USDT Giveaway
Activity time: 20:00, June 28 – 20:00, June 30 (UTC+8)
Users will be ranked based on their total holding amount (buys + deposits in this round) of the final projects in the equivalent of USDT (the average closing price of the final projects during the activity period will be taken for the exchange calculation respectively).
Rules: Holding competition will be held for the final 4 projects in the 3rd round. Users whose aggravated holding amount no less than 100 USDT can share 2,000 USDT prize pool. See the form below.
- To ensure fairness and justice of the activity, the transfer function between accounts of the same tokens is not supported during the activity time.
- The winning tokens of each round will be announced at the end of each round, and reward will be distributed within 5 working days after the activity ends.
- The final event interpretation right belongs to MXC. If there is cheating, the MXC platform will cancel its reward qualification.
Project name: Bancor
Project official website: https://bancor.network/
Contract Address: 0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c
Bancor is a system that provides liquidity for small-cap tokens with one or more tradable ERC20 tokens built in as a reserve. New tokens are issued in exchange for reserve tokens, which are priced autonomously through smart contracts that allow direct conversion between tokens and without an exchange.
Project name: Aave
Project official website: https://aave.com/
Contract Address: 0x80fB784B7eD66730e8b1DBd9820aFD29931aab03
Aave is a decentralized cryptocurrency collateral loan protocol that is open source and unregulated, its code is accessible to all users, it is fully transparent and trackable, and it can be audited by all. Users can act as depositors or borrowers in Aave. Lenders provide liquidity by depositing cayptocurriencies in a pool contract. Simultaneously, in the same contract, the pooled funds can be borrowed by placing a collateral. Loans do not need to be individually matched, instead they rely on the pooled funds, as well as the amounts borrowed and their collateral. The Aave protocol is implemented through a set of smart contracts on the Ethereum blockchain, which ensure security and do not require the intervention of an intermediary.
Project name: Keep Network
Project official website: https://keep.network/
Contract Address: 0x85eee30c52b0b379b046fb0f85f4f3dc3009afec
KEEP Network is the privacy layer of Ethernet that can be used to store private data offline, and KEEP can help contracts harness the full potential of public chains.
Project name: THORChain
Project official website: https://thorchain.org
THORChain is a cross-chain liquidity protocol that allows any asset to be swapped for another in decentralised liquidity pools. THORChain’s first platform is BEPSwap which will allow Binance Chain token holders to swap and stake any BEP2 asset.
Project name: Republic Protocol
Project official website: https://renproject.io/
Contract Address: 0x408e41876cccdc0f92210600ef50372656052a38
Republic Protocol (REN) is a protocol for trading large amounts of encrypted assets in distributed dark pools between BTC/ETH, BTC/ERC20, and ETH/ERC20. It is currently the only area known to have such distributed encrypted asset dark pool trading technology. Blockchain enterprises. In the traditional U.S. and European stock markets, dark pool transactions account for about 10-30% of all industry transactions. JPMorgan Chase, Goldman Sachs, Fidelity, Deutsche Bank, and Morgan Stanley are among the few brokers that own dark pool transactions.
Project name: Synthetix
Project official website: https://www.synthetix.io/
Contract Address: 0xc011a72400e58ecd99ee497cf89e3775d4bd732f
The Synthetix Network Token (SNX) gets staked as collateral to back Synths and entitles stakers to receive fees generated by Synth trades on Synthetix Exchange. Synthetix (formerly known as Havven) is designed for engineers to build decentralized and trust-free networks. SynthetixNetworkToken (SNX) tokens support a variety of integrated assets, including: legal tender, precious metals, indices and even other cryptocurrencies pegged to the US dollar.
Project name: Reserve
Project official website: https://reserve.org/
Reserve is a decentralized, asset-backed stablecoin protocol with two tokens. It’s designed to produce a stablecoin that is as censorship resistant as BTC. The mainnet version of Reserve has not launched yet.
RSR is the second token in the network, and upon mainnet launch will be the tokens used for some arbitrage transactions in the protocol. RSR holders will have the cryptographic right to purchase excess Reserve stablecoins (RSV) that accumulate in the Reserve smart contract from transaction fees and any appreciation of underlying collateral assets that back RSV.
Project name: Switcheo
Project official website: https://switcheo.network/
Switcheo is a decentralized exchange based on the NEO platform, allowing NEP-5 tokens to be exchanged without trust, and will be extended to other cross-chain tokens in the future. In addition, users can exchange NEP-5 tokens instantly with NEO and GAS. The SWTH token is the platform currency of the Switcheo exchange and can be traded. In addition, SWTH can be used to subsidize transaction costs and cross-chain exchange.
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Enjoying your trade on MXC.
The MXC team
June 24, 2020