I. Participation Entrance
Eligible users can join the ticket-claim process on both MXC website and APP during the period of 22:00 March 17th to 17:00 March 18th, 2021 (UTC+8).
1. MXC Official Website:
2. MXC APP
II. Two methods to gain eligibility for the token sale
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/3S, DOGE3L/3S
- Total number of winning tickets: 320
- Each winning ticket includes: 8 RAY tokens
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:
How to gain USDC:
Way 1: If you hold USDC on other wallet or exchanges, you can deposit USDC into your MXC spot asset account to meet the requirement.
Way 2: You can also get USDC via trading USDC/USDT pair, to convert USDT to USDC. https://www.mxc.com/trade/easy#USDC_USDT
1. 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.
2. 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.
3. 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 for token sale:
- Ticket claim: 22:00 March 17th to 17:00 March 18th, 2021 (UTC+8)
- Draw result will be released at 19:00 (UTC+8), March 18th
- Asset exchange will be made at 19:30 (UTC+8), March 18th
Token Sale Details:
Sale price: 6.86 USDC/ RAY
Sale amount: 4500 RAY Tokens
- Trading time: 20:00 (UTC+8), March 18
- Trading pair: RAY/USDC, RAY/USDT
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.
About MXC M-Day
M-Day is a special event initiated by MXC Exchange which offers selected discounted cryptocurrencies. Users are entitled to win lucky draw tickets by trading and holding mainstream cryptocurrencies as well as USDT/USDC.
For more details, please refer to: M-Day 21st Session - RAY is Launching