The 21st Session of the M-Day Program is happening soon. M-Day Program is a series of activities held on MXC Exchange for mainstream crypto traders/holders to participate in to enjoy discounted prices on project tokens. The project for this upcoming session is Raydium (RAY).
Project Brief Introduction
Raydium (RAY) is an Automatic Market Maker built on Solana and Serum. Similar to Sushi, users can add assets to a liquidity pool. The difference is that assets in the liquidity pool are converted to limit orders and placed on the Serum orderbook for everyone to trade against. This has the advantages of:1) having a standard orderbook and trading interface; 2) having shared liquidity across the serum orderbook so that serum users can interact with the liquidity as well as Raydium users being able to take advantage of Serum's existing liquidity; 3) built on Solana, Raydium enables much faster transactions, significantly lower fees, and enhanced scalability Raydium is strived to be the go-to platform for new token projects launching on Solana, where users can access liquidity upon launch,with opportunities to immediately earn additional yield by providing liquidity to new pools.
Eligible participants of the 21st Session M-Day Program will be able to claim tickets to participate in a lucky-draw for a chance at a discounted price on RAY.
Token Sale details:
Sale price: 6.86 USDC/ RAY
Sale quantity: 4500 RAY tokens
I. Eligibility Criteria to Participate
Term 1: Major Cryptos (Spot, Margin and Leveraged ETF) Trading Round
Users who trade specific major cryptos on MXC in 3 days prior to the end of the ticket-claim time (i.e from 17:00, Mar 15th to 17:00 Mar 18th, UTC+8) with trading volume no less than the minimum amount specified in the form below will be eligible for the lucky-draw. The larger the trading volume, the more tickets the user can claim.
The major crypto trading (including Spot and Margin) pairs for the token sale are:
BTC / USDT, ETH / USDT, DOT / USDT, XRP / USDT, ADA / USDT, LINK / USDT, LTC / USDT, BCH / USDT, XLM / USDT, DOGE / USDT
The leveraged ETFs for the token sale 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 / 3SL, DOGE 3L / 3S
- Total number of winning tickets: 320
- Each winning ticket includes: 8 RAY tokens
The details are shown in the form below:
Term 2: USDC Round
Holders of USDC prior to the ticket claim time with a holding amount no less than the minimum amount specified in the form below, will be eligible for the lucky-draw. The larger the holding amount, the more tickets the user can claim.
- Total number of winning tickets: 300
- Each winning ticket includes: 6 RAY tokens
The details are shown in the form below:
- In order to ensure the fairness of the activity, after the user claims the ticket, the USDC used for the draw will be frozen until the end of the draw. During the freezing period, users cannot trade or withdraw USDC.
- The holdings considered in this session will be limited to the assets available in your spot asset account, excluding assets that may be pended or frozen.
- Terms 1 and 2 are alternatives on an either-or basis, i.e. if a user meets any one of the term’s criteria, he/she will be eligible to claim the lottery tickets.
Additional tickets: Participants can also stand to claim additional tickets by holding MX tokens on their spot asset accounts. If the total amount of MX held by the user in the last 24 hours (i.e. 9:00, Mar 17 - 9:00, Mar 18, UTC+8), meets the requirements of the minimum position specified in the forms, the participant will be able to enjoy additional tickets according to the size of their holding position.
Participation prize: Users who did not receive any winning tickets from the draw will still be able to claim from the participation prize pool of remaining sales token in proportion to the number of losing tickets in possession respectively.
Schedule of Token Sale
II. Ticket-claim time: From 22:00 March 17th to 17:00 March 18th, 2021 (UTC+8)
Eligible users can claim the lottery ticket during this period. The ticket number is ranged from 00001 to 99999. Users can claim a number of tickets based on the USDC position or major cryptos trading volume specified in the forms above.
III. Draw result will be released at 19:00 (UTC+8), March 18th. Please visit MXC M-Day webpage (https://www.mxc.com/mDay/main) to check the winning ticket numbers.
IV. Asset exchange: USDC will be used for the exchange of the RAY tokens the participants have won. The USDC deduction will be made at 19:30 (UTC+8), March 18th. Therefore, winners shall have sufficient USDC balance (excluding the pended/frozen USDC) in their spot asset accounts to exchange RAY tokens before the time thereof. If there is an insufficient balance, it will be deemed that the participant has forfeited the exchange tokens won.
V. The amount of USDC balance required for exchange of RAY for Major Cryptos Trading Round = Number of winning tickets * 8 RAY * 6.86 USDC (Each winning ticket = 8 RAY for Major Cryptos Trading Round)
VI. The amount of USDC balance required for exchange of RAY for USDC Round = Number of winning tickets * 6 RAY * 6.86 USDC (Each winning ticket = 6 RAY for USDC Round)
To protect our users' interest, MXC has rolled out a [Redemption Right] policy for M-Day Participants who decide not to consume their acquired sales tokens.
If the participant does not sell the exchanged sales tokens within 24 hours after the project is listed, the participant may choose to have their assets, previously used for the exchange of sales tokens, returned. In order to do so, the participant must contact our customer support and verify the amount of sales tokens in their possession. Upon confirmation, the initial invested amount will be returned.
VII. Join the draw at MXC M-Day page: https://www.mxc.com/mDay/main
Official website: https://www.raydium.io
Project Token Details
Total Supply: 555,000,000 RAY
Based on ERC20 or not: No
Token sale or not: Yes
Private sale: 6% of tokens
Private sale time: Feb, 2020
Public sale: 2% of tokens
Public sale price: 60 cents
Public sale time: Feb, 2021
(The information above is provided by the project party, it is for reference only.)
- Trading time: 20:00 (UTC+8), March 18th
- Listing Exchange: MXC.COM
- Trading pair: RAY/USDC, RAY/USDT
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
Enjoy your trade on MXC
The MXC team
Mar 15, 2021