What is the MEXC Kickstarter? How to Participate?

In this blog post, we will examine the Kickstarter event, one of the events on the MEXC Exchange.

{getToc} $title={Table of Contents}

Introduction

There are hundreds of cryptocurrency exchanges around the world. Each exchange strives to retain its users with different activities. The MEXC Cryptocurrency Exchange also hosts many events. One of these events is undoubtedly the "Kickstarter" event. In short, the rewards (airdrops) earned by participating in the cryptocurrency projects listed on the event with MX tokens are called "Kickstarter" events.

To explain the Kickstarter event: Following the exchange announcement, users hold MX coins in their wallets for a certain number of consecutive days, provided they meet the conditions specified in the announcement. This process proceeds according to a specific timeline, and after participation, rewards are distributed to participants in the form of an airdrop. These rewards can be in the form of USDT, coins, or tokens. Now, let's explain this event in detail under the following headings.

What is MEXC Kickstarter?

The first announcement about the MEXC Kickstarter event is published in the announcements section of the MEXC cryptocurrency exchange website, as follows.

Sample Announcement Text:

Dear MEXC members,

MEXC Global is excited to launch another session of Kickstarter, a listing event initiated by the project team on MEXC prior to listing, where users can stake and vote on tokens to support their favorite project.

This event is designed to identify high-quality projects and also provide airdrop benefits to MEXC users.

=> Users who read the announcement and want to participate in the Kickstarter event first check which cryptocurrency project is available. This announcement includes information such as the name of the project to be presented at the Kickstarter event, its total supply, the total amount of reward allocated to Kickstarter, and its type.

Example:

• Token Name:
• Total Supply:
• Total Rewards Allocated to MEXC Kickstarter:
• Token Sale Format: Airdrop*
• Supported Sessions: MX

*Can be in different formats (USDT, Coin, Token).

The participation conditions are then reviewed. These conditions include information such as the minimum and maximum number of MX tokens to be pledged, the number of days, and the snapshot period.

What are the Details of the MEXC Kickstarter Events?

Now, let me explain how to participate in the MEXC Kickstarter event, using the following example from the MEXC exchange announcement and the conditions in this example.

Users can earn a free airdrop by staking (committing) MX tokens to participate in the vote. The maximum amount of MX you can pledge depends on the MX balance in your Spot Wallet at the time of the snapshot. These snapshots are taken daily. (MEXC will take random snapshots of users' MX holdings during the snapshot period.)

The Details Are as Follows:

1. Registration Eligibility: Must hold at least (X) MX coins for (X) consecutive days between specified dates. The minimum amount of MX coins required in your wallet is 5 MX Tokens. This means you can participate in events with at least 5 MX coins.

=> Participants must hold a specified amount of MX coins for a specific day. The number of days and the number of MX coins required to be held are subject to change according to exchange rules.

2. Voting Date: A specific date is determined for participants to participate in the Kickstarter vote. (Commit)

3. Estimated Trading Date: After the vote, the listing date of the Kickstarter project on the MEXC exchange is determined. Other conditions may be reserved by the exchange.

4. Deposit: This is the announcement that project tokens, excluding those initially listed on Kickstarter, will be deposited on the MEXC exchange.

5. Withdrawal: This is the date the relevant Kickstarter project will be made available for withdrawal from the MEXC exchange to another exchange.

6. Voting Link: This is the voting link for the relevant Kickstarter project. It is specified in the MEXC exchange announcements.

7. Airdrop Details: The number of USDT, Coins, or Tokens to be distributed as rewards to Kickstarter participants is announced here.

8. Voting Token: The token required for Kickstarter participation is specified. (MX)

9. Conditions: The minimum and maximum number of tokens and holdings required for Kickstarter are specified. (For example: Minimum 5 MX Tokens)

10. You can pledge up to the maximum pledgeable amount. According to MEXC exchange rules, valid pledges are used only for reward calculation, and MX tokens are not locked during this process.

11. Rewards: Airdrop rewards are distributed proportionally within one hour after the event ends, based on users' total MX token count and the seven-level tier mechanism.

12. After successfully participating in this event, users can also participate in other ongoing Kickstarter, Launchpad, and Launchpool events.

How Are Kickstarter Airdrop Rewards Distributed?

To better understand this, please review the table below. Reward distribution is divided into seven different levels, called the "MX Tier Mechanism." The tier mechanism indicates that participation is permitted with a minimum of 5 MX Tokens and a maximum of 100,000 MX Tokens. For example, let's assume that the reward distribution will be proportional to the current pledged MX amount, as shown in the table below. The distribution is formulated using seven different tier coefficients, ranging from 1 to 1.75.

Note: According to the latest data, the amount of MX in circulation is 100 million. This data may change over time. {alertSuccess}

How to Register on the MEXC Exchange?

To participate in the MEXC Kickstarter event, first register on the MEXC Exchange. You can use either your email address or your mobile phone number. Click the link below to register.

{getButton} $text={MEXC Registration Link} $icon={link} $color={#00008B}

The "Referral Brotherhood" referral link is a shared referral link with a 60% commission discount [20% Spot + 20% Futures + 20% DEX+] and a cashback bonus.

When registering, you'll see "Invitation Code"where it says "17Hjw". The commission discount and cashback rate you'll receive is reflected as 60%.

Attention!: After registering, make a note of your registration information so you don't forget it. {alertWarning}

How to Participate in the MEXC Kickstarter Event?

Step-by-Step Instructions

Step 1: Download the MEXC Global mobile app from the links below. Use the link appropriate for your phone's operating system.

If you're using an Android phone, download from "Google Play". If you're using an Apple iOS phone, download from "App Store". Links are official links.

{getButton} $text={Google Play Android} $icon={link} $color={#00008B}

{getButton} $text={App Store IOS} $icon={link} $color={#00008B}

Step 2: Log in to the MEXC exchange through the app with your registration information. We will need to purchase MX coins for the MEXC Kickstarter event. To purchase MX coins using the USDT pair, transfer funds to your MEXC exchange wallet. You can send Tron (TRX) and convert it to USDT, or you can send USDT directly. When sending, make sure you are sending funds through the same network. For example: Send from the TRC20 network to the TRC20 network. After sending funds to your MEXC account, click the "Markets" section in the MEXC app and purchase MX coins.

Step 3: Keep your MX coins in your wallet for a certain period of time (e.g., 1 day). During this period, pay attention to the minimum and maximum MX coin amounts. Then, click on the "Kickstarter" section in the MEXC app.

Step 4: If you have met the participation criteria, click the "Commit MX" button and wait for the pledge period to end. Then, enjoy your airdrop rewards.

If you liked this article, you can also read my article"What is MEXC DEX+ and How to Use It?"{alertSuccess}

To Support the Referral Brotherhood Platform Visit Our Site and Stay Tuned. {alertSuccess}

Note: "All content on this website is copyrighted."