Dear Users:
The 20th Session M-Day program is coming. The project for this session is KINE. M-Day Program is a series of activities held on MXC Exchange for mainstream crypto traders/holders.
Besides, to protect user's interests, MXC rolls out [Redemption Right] for M-Day Participants. That is, if the participant does not sell the exchanged sales tokens within 24 hours after the project lists, the participant is able to contact our customer support and, if confirmed, your assets for exchange of the sales token will be returned.
KINE token sales will be on a lucky-draw distribution model. The details are shown below:
Schedule for token sale:
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Ticket claim: 22:00, March 12 - 17:00, March 13 (UTC+8)
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Draw result will be released at 19:00 (UTC+8), March 13
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Asset exchange will be made at 19:30 (UTC+8), March 13
Token Sale Details:
Sale price: 3.8 USDT
Sale amount: 52,000 KINE
I. Eligibility
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 14:00, Mar 12th to 17:00 Mar 13th, UTC+8) with trading volume no less than the minimum amount specified in the form below are also eligible for the lucky-draw. The larger the trading volume, the more tickets the user can enjoy.
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
Tickets Information:
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Total number of winning tickets: 1,800
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Each winning ticket includes: 15 KINE
Term 2: USDT Round
Holders of USDT with the holding amount no less than the minimum amount specified in the form upon claiming the tickets are eligible for the lucky-draw. The more holding amounts, the more tickets the user can enjoy.
Tickets Information:
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Total number of winning tickets: 1,400
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Each winning ticket includes: 10 KINE
Note:
1. In order to ensure the fairness of the activity, after the user claims the ticket, the USDT used for the draw will be frozen until the end of the draw. During the freezing period, users cannot trade and withdraw the USDT.
2. The USDT amount shall be the available USDT in your spot asset account, excluding the pended or frozen USDT.
Participation prize: Users who haven't got any winning tickets in the draw can share the participation prize pool in proportion to the number of losing tickets respectively.
Additional tickets: users whose minimum position of MX token in 24H (i.e. 9:00, Mar.12 - 9:00, Mar. 13, UTC+8) meet the requirement specified in the form below can enjoy an additional number of tickets.
II. Ticket-claim time: 22:00, March 12 - 17:00, March 13 (UTC+8)
Eligible users can claim the lottery ticket during the period. The ticket number is ranged from 00001 to 99999. Users can claim a number of tickets based on the USDT position or major cryptos trading volume specified in the forms above.
III. Draw result will be released at 19:00 (UTC+8), March 13. Participants please visit MXC M-Day webpage to check whether get the lucky number or not.
IV. Asset exchange: USDT will be used for the exchange of the KINE tokens the participants have won. The USDT deduction will be made at 19:30 (UTC+8), March 13. Therefore, winners shall have sufficient USDT balance (exclude the pended/frozen USDT) to exchange KINE tokens before the time thereof. Otherwise, it will be deemed that the participant gives up the chance by itself.
V. The amount of USDT required for exchange of KINE for Major Cryptos Trading Round = Number of winning tickets * 15 KINE * 3.8 USDT (Each winning ticket= 15 KINE for Major Cryptos Trading Round)
The amount of USDT required for exchange of KINE for USDT Round= Number of winning tickets * 10 KINE * 3.8 USDT (Each winning ticket= 10 KINE for USDT Round)
VI. Join the draw at MXC M-Day page: https://www.mxc.com/mDay/main
VII. Project Information
1.Project Brief Introduction
KINE is a peer-to-pool derivative market, where a liquidity pool backed by on-chain digital assets serves as the passive counter-party of all traders on the exchange.
It provides traders with 0-slippage execution, guaranteed liquidity, up to 100x leverage with cross margining.
2. Project Highlight
KINE is a peer-to-pool derivative market, where a liquidity pool backed by on-chain digital assets serves as the passive counter-party of all traders on the exchange.
It provides traders with 0-slippage execution, guaranteed liquidity, up to 100x leverage with cross margining.
3. Project Links
Official website: https://kine.io/
Block explorer: https://cn.etherscan.com/address/0xcbfef8fdd706cde6f208460f2bf39aa9c785f05d
Twitter: https://twitter.com/KineProtocol
Telegram: https://t.me/kineprotocol
Whitepaper: https://docs.kine.io/
4. Project Token Details
Total Supply: 176,306,272 KINE
Based on ERC20 or not: Yes
Private sale or not: No
5. Token Allocation
Allocation |
Description |
Balancer Liquidity Bootstrapping Pool (LBP) |
5,000,000 KINE tokens (5%)No lockup -- tokens are liquid upon purchase. |
Seed supporters |
13,000,000 KINE tokens (13%)Tokens are vested; 10% unlocked after IDO; 60% to be vested linearly over the next 12-month; the remaining 30% to be vested over the 2nd year. |
|
|
12,000,000 KINE tokens (12%)Tokens are vested; 25% to be unlocked immediately after IDO; 75% to be vested linearly over the next 12-month. |
Team and advisors |
20,000,000 KINE tokens (20%) |
Liquidity partnership |
10,000,000 KINE tokens (10%)Tokens are vested; 25% to be unlocked prior to initial listing; the remaining to be unlocked in monthly batches in the next 12 months. |
Ecosystem Grant |
40,000,000 KINE tokens (40%)Tokens are released over a period no less than 48 months; further details to be announced. |
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