The 9th session SpaceM goes live, and the project for this session is ETHA Lend (ETHA).
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.
ETHA Lend is a chain agnostic yield optimization protocol powered by Ethereum and Polkadot. The algorithm uses multiple data points such as current gas cost, moving averages of the yield, and the supplied budget of an asset, to attain the optimum value and return on investment, utilizing optimization techniques. The protocol is composable and can integrate any yield aggregator or liquidity protocol to provide cost-efficient yield.
Lower Gas fees
Algorithmic Asset Allocation
1. Official website: https://www.ethalend.org/
3. Twitter: https://twitter.com/ethalend
4. Telegram: https://t.me/ethalendcommunity
5. Medium: https://medium.com/etha
6. Facebook: https://www.reddit.com/r/Chainlink/
7. Contract Address: https://etherscan.io/address/0x59e9261255644c411afdd00bd89162d09d862e38
Seed sale: January 26, 2021
ETHA amount: 3,000,000
Private sale: February 1, 2021
ETHA amount: 5,400,000
Locking mechanism: 20% unlocked at TGE (3.59% of total supply), remaining every month for 12 months
Total Supply and Token Allocation
10% - Seed round investors
18% - Private sale investors
2% - Public sale investors
15% - Team
25% - Minable Allocation
30% - Ecosystem Fund
1. Trading pair: ETHA/USDT
2. Trading: 20:00, March 8 (UTC+8)
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), March 8
2. Draw result will be released at 19:00 (UTC+8), March 8
3. Settlement will be carried out at 19:30 (UTC+8), March 8
4. The token price and quantity for this activity:
Token activity quantity: 150,000 ETHA
The sale price: 1 USDT
a. Major Cryptos Trading Round (including spot, margin&ETF trading)
The user’s trading volume (spot and margin) of certain major assets trading pairs from 21:00, March 4 to 17:00, March 8 (UTC+8) is used to determine how many tickets a user can get. See the form below.
The spot and margin trading pairs are:
BTC/USDT, ETH/USDT, DOT/USDT, XRP/USDT, ADA/USDT, LINK/USDT, LTC/USDT, BCH/USDT, XLM/USDT, DOGE/USDT
The leveraged ETFs are:
BTC2L/2S, BTC3L/3S, BTC4L/4S, BTC5L/5S, ETH2L/2S, ETH3L/3S, ETH4L/4S, ETH5L/5S, DOT2L/2S, DOT3L/3S, DOT5L/5S, XRP3L/3S, XRP4L/4S, XRP5L/5S, ADA3L/3S, LINK3L/3S, LTC2L/2S, LTC3L/3S, LTC4L/4S, LTC5L/5S, BCH3L/3S, BCH4L/4S, BCH5L/5S, XLM3L/3S, DOGE3L/3S
Token allocation per ticket: 60 ETHA
Tickets amount for this round: 1,000 tickets
b. MX Round
User’s minimum MX token holding amount for 15 days from 12:00, February 21 to 12:00, March 8 (UTC+8) is used to determine how many tickets a user can get. The details are below:
Token allocation per ticket: 100 ETHA
Tickets amount for this round: 500 tickets
c. USDT Round
User's minimum holdings of USDT from 09:00, March 7 - 09:00, March 8 is used to determine how many tickets a user can get. The details are below:
Token allocation per ticket: 50 ETHA
Tickets amount for this round: 800 tickets
The process of Lucky draw:
1. Eligibility for draw: This lucky draw will set up a major assets trading round, a MX round and a USDT round. Users are able to win up to 80 tickets if they meet corresponding requirements.
2.Ticket-claim time: 09:00 - 17:00, March 8 (UTC+8)
Please note that the ticket number is ranged from 00001 to 99999. Users can draw a number of tickets based on the draw order. Each user can get a number of tickets.
3.Draw results will be released at 19:00 (UTC+8), March 8. 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 ETHA token that the participants have won. The system will deduct the MX and USDT token from the winners' account at 19:30 (UTC+8), March. Therefore, winners shall have enough MX and USDT balance (except the frozen MX and USDT token) to exchange ETHA token before the time there. Otherwise, it will be deemed that the participant gives up the chance by himself.
The amount of USDT to be deducted for Major Assets Trading Round= Number of winning tickets *60*1
The amount of MX to be deducted for MX Round= (Number of winning tickets *100*1) / MX average price
The amount of USDT to be deducted for USDT Round= Number of winning tickets *50*1