The 5th session SpaceM goes live, and the project for this session is Sperax.
MXC SpaceM is a new listing channel for high-quality projects. It links the project with various crypto communities where community users are able to gain the project's token with certain discounts via ticket draw, subscription, etc.
In this session of SpaceM, the format of the draw is adopted. The following are the details:
1.Eligibility: The 5th Session SpaceM is divided into 3 rounds.
User’s minimum MX token holding amount for 15 days from 12:00, July 30 to 12:00, August 13 (UTC+8) is used to determine how many tickets a user can get. The details are below:
Token allocation per ticket: 10000 SPA
The sale price: 0.02 USDT
b. USDT Round
User's holdings of USDT at the moment of claiming ticket is used to determine how many tickets a user can get. The details are below:
Token allocation per ticket: 2500 SPA
The sale price: 0.02USDT
Note: The available balance of USDT can be counted as the holdings of USDT, and the frozen assets are not included. Please note that the USDT will be frozen until the results of the ticket released.
c. Major Cryptos Trading Round
The user’s trading volume of certain major cryptos trading pairs from 19:00, August 12 to 17:00, August 13 (UTC+8) is used to determine how many tickets a user can get, and the trading pairs are BTC/USDT, ETH/USDT, EOS/USDT, BCH/USDT, LTC/USDT, TRX/USDT, XRP/USDT, BSV/USDT, ETC/USDT, DASH/USDT. The details are below:
Token allocation per ticket: 2500 SPA
The sale price: 0.02USDT
2.Ticket-claim time: 9:00-17:00, August 13(UTC+8)
Please note that the ticket number is ranged from 00001 to 99999. Users can draw a number of tickets based on the MX token holding amount 15 days from 12:00, July 30 to 12:00, August 13 (UTC+8) . Each user can get a number of tickets.
3.Draw results will be released at 19:00 (UTC+8), August 13. Participants can visit the MXC SpaceM page to check if they get the lucky number or not.
4.Settlement time: MX and USDT token will be used for the exchange of the SPA token that the participants have won. The system will deduct the MX and USDT token from the winners' account at the corresponding price at 19:30 (UTC+8), August 13. Therefore, winners shall have enough MX and USDT balance (except the frozen MX and USDT token) to exchange SPA token before the time there. Otherwise, it will be deemed that the participant gives up the chance by himself.
5.The amount of MX to be deducted for MX Round= (Number of winning tickets *
10000*0.02) / average price of MX
The amount of USDT to be deducted for USDT Round= Number of winning tickets *2500*0.02
The amount of USDT to be deducted for Major Cryptos Trading Round= Number of winning tickets *2500*0.02
6. The average exchange price of MX will be determined by the average closing price from August 10 to August 12
7.The amount and sale price of SPA for this session:
Sale price of SPA: 0.02 USDT for MX Round, USDT Round and Major Cryptos Trading Round
Sale amount: 25,000,000 SPA
8. SPA Exchange Time: The SPA exchange will be completed before September 5, 2020, and please pay attention to the follow-up announcement for the specific exchange time.
The official activity site for SPA:
1. Listing Exchange: MXC.COM
2. Trading pair: SPA/USDT
3. Listing time: Stay tuned
4. Deposit: Stay tuned
5. Withdrawal: Stay tuned
Sperax Makes DeFi Services Accessible to All
Built with our original blockchain design --- BDLS consensus protocol, Sperax offers a highperformance blockchain that is truly secure in the real internet environment compared with other top-ranked BFT consensus-based blockchains, such as Cosmos (Tendermint), Polkadot (GRANDPA), and Ethereum (Casper FFG). On top of Sperax blockchain consensus infrastructure, the Sperax Foundation issues a native multi-currency stablecoin sCOIN, the first among public blockchain ecosystems. It bridges the gap between Internet users and crypto-native applications. In Sperax, we believe that more people deserve to enjoy the benefits of blockchain-enabled Decentralized Finance (DeFi) applications. In January 2020, Sperax secured over 6M USD in seed funding round, with leading investors including Outlier Ventures, FBG Capital and Newstyle Capital. On March 18, 2020, Sperax launched its first public sale on Cobak, Korea’s largest cryptocurrency community, with a 200K USD allocation sold out in less than 20 minutes.
SPA is the native utility token for the Sperax blockchain. It fuels the ecosystem and reflects the value of the network. SPA also grants token holders the right to participate in the governance process in the system.
High Performance: Sperax BDLS consensus protocol requires only four rounds of communication to reach consensus, much fewer than other BFT consensus protocols
Security: Sperax overcame the liveness vulnerability under partially asynchronous networks widespread among BFT consensus protocols, saving its consensus from being led into unrecoverable deadlocks and guaranteeing security.
Dual coin system: Sperax ecosystem issues two tokens: SPA as the network token on BDLS and sCOIN the native stablecoin. Sperax is the first decentralised system with a native stablecoin.
Embedded Financial Services: Sperax introduced a financial layer, including stable coin and financial products, to enable developers and token holders to create an ecosystem that connects to the real economy.
Decentralised Governance: Sperax token holders have the right to governance. Collectively, they make the network better by contributing to the design & upgrade of the ecosystem.
Designed by world-leading cryptographer: Sperax consensus algorithm is designed by a world-leading cryptography research team from top-ranking universities (UC Berkeley, UCLA, University of North Carolina) led by Professor Yongge Wang. Prof. Wang is among the top cryptographers in US. He has published over a hundred peer-reviewed academic papers on various fields of cryptography including pseudorandomness, fault-tolerant computation, dependable distributed computation, and secure communications. His academic achievements speak to his expertise in designing a safe, efficient, robust blockchain system.
Official website: https://sperax.io/
Blockchain explorer: https://etherscan.io/token/0xF7623A0A44045b907D81AAD8479AA3c4A818211d
Token Supply and Allocation
Total Supply: 5,000,000,000 SPA
Circulating Supply: about 20,000,000 SPA (this is the token sold on the Korean public offering platform Cobak in March 2020)
Private Sales 15%
Team & Advisor 10%
Public Sales 5%
According to relevant regulations, users from the following countries/regions (according to KYC information) cannot participate in the draw: China, Hong Kong, Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, USA [including all USA territories such as Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John, and St. Thomas)], Bangladesh, Bolivia, Ecuador, and Kyrgyzstan.
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
August 12, 2020