The 6th session SpaceM goes live, and the project for this session is Wootrade Network (WOO).
MXC SpaceM is a new listing channel for quality projects. It connects the project with various crypto communities where community users are able to gain the project's token with certain discounts via lucky draw, subscription, etc.
In this session of SpaceM, the format of the lucky draw is adopted.
Schedules for the lucky draw:
1. Ticket claim: 09:00 - 17:00 (UTC+8), October 29
2. Draw result will be released at 19:00 (UTC+8), October 29
3. Settlement will be carried out at 19:30 (UTC+8), October 29
The following are the details:
1.Eligibility: The 6th Session SpaceM is divided into 3 rounds.
User’s minimum MX token holding amount for 15 days from 12:00, October 15 to 12:00, October 29 (UTC+8) is used to determine how many tickets a user can get. The details are below:
Token allocation per ticket: 5,000 WOO
The sale price: 0.03 USDT
b. USDT Round
User's minimum holdings of USDT from 09:00, October 28 - 09:00, October 29 is used to determine how many tickets a user can get. The details are below:
Token allocation per ticket: 1600 WOO
The sale price: 0.03 USDT
Note: The frozen USDT will also be counted as holding amout for the lucky draw. Please note that the USDT will be frozen until the results of the ticket released.
c. Major Cryptos Trading Round (including spot & margin trading)
The user’s trading volume (spot and margin) of certain major cryptos trading pairs from 13:00, October 23 to 17:00, October 29 (UTC+8) is used to determine how many tickets a user can get. See the form below.
The trading pairs are BTC/USDT, ETH/USDT, EOS/USDT, BCH/USDT, LTC/USDT, TRX/USDT, XRP/USDT, BSV/USDT, ETC/USDT, DASH/USDT, DOT/USDT, LINK/USDT.
Token allocation per ticket: 1,600 WOO
The sale price: 0.03 USDT
2.Ticket-claim time: 09:00 - 17:00, October 29 (UTC+8)
Please note that the ticket number is ranged from 00001 to 99999. Users can draw a number of tickets based on the holding amount or trading volume specified above. Each user can get a number of tickets.
3.Draw results will be released at 19:00 (UTC+8), October 29. 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 WOO token that the participants have won. The system will deduct the MX and USDT token from the winners' account at 19:30 (UTC+8), October 29. Therefore, winners shall have enough MX and USDT balance (except the frozen MX and USDT token) to exchange WOO token before the time there. Otherwise, it will be deemed that the participant gives up the chance by himself.
- The amount of MX to be deducted for MX Round= (Number of winning tickets *5,000*0.03) / average price of MX
- The amount of USDT to be deducted for USDT Round= Number of winning tickets *1,600*0.03
- The amount of USDT to be deducted for Major Cryptos Trading Round= Number of winning tickets *1,600*0.03
The average price of MX will be the average closing price from October 26 to Oct. 28.
5. Token sale amount: 3,333,000 WOO; Token sale price: 0.03USDT
Join ticket-claim at:
1. Private sale or not: Yes, August, 2020
2. Private sale price: 0.02 USDT
3. Private sale amount: 248,400,000 WOO
4. Listing Exchange: MXC.COM
5. Trading pair: WOO/USDT
6. Listing time: 13:00 (UTC+8), October 30
Wootrade is incubated by the top quantitative fund Kronos Research, which aims to solve the pain points of the diversified liquidity of the cryptocurrency market, and provides sufficient trading depth for users such as exchanges, wallets, and trading institutions with zero fees. At present, Wootrade products have been in operation for nearly one year and have been upgraded to version 2.0. There are more than 10 exchanges and trading institutions connected, including Gate.io, hoo.com, MXC, Oneboat Capital, Genesis Block, etc. A total of over 65,000 end users have used its trading depth through the exchanges cooperating with Wootrade.
- Incubated by top quantitative fund Kronos Research;
- Investors include Dragonfly Capital, Three Arrows Capital, Fenbushi Capital, Hashkey Capital, and 14 other well-known institutions;
- Wootrade can provide a depth of 100 BTC, and maintain the spread at 0.2%, without charging customers any transaction fees or service fees.
Official website: https://woo.network/
Token Use Case
1. Margin. Woo can be used as margin for trading accounts.
2.Staking. As WOOTRADE nodes, exchanges and trading institutions can earn WOO reward by providing quality orders.
3.Pledging. WOO can be pledged as market making fund or used as votes for administration.
4.Payment. Paying by WOO token, users can enjoy discounted management fee and discounted margin trading fee rate.
Total supply: 3,000,000,000 WOO
Circulation supply: 75,500,000 WOO
Token sale: 20%
Liquidity management: 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.
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
October 23, 2020