MEXC Launchpad offers a token sale platform that provides users worldwide with an exclusive opportunity to invest in high-quality projects with MX Token. Exclusive offers exclusive benefits for MX token holders. Here you will find event participation guide and if you are looking for the detailed product description, please visit this article.
Participation method in MEXC Launchpad
Firstly, you need to have MX in your spot account and hold it for 4-5 days. You can buy MX Token in the MEXC spot market.
Then, go to the Launchpad page from the top menu bar and select any project that is ongoing
You will see the participant limit for this event. Before clicking on join please make sure you have enough MX tokens to anticipant. MX token will be temporally locked after you commit to the pool.
Allocation = Individual committed MX / Total committed MX by all participants) * Total Project tokens to be sold on Launchpad.
The amount of MX to be deducted= (participant’s final token allocation *Project Token*IEO price) / MX average price
Calculation of Participation limit:
Users generally need to hold the position MX Token for 4-5 days, the platform randomly snapshots the user’s MX Token position situation in one day, and the average minimum position number in 4-5 days is the number of MX Token that can be invested in Launchpad.
For example, a user holds 1000 MX on one day1, but buys 4000 more MX at the end of Day 1 and holds for days 2-5.
Then the participant limit = (1000 + 5000*4)/5 = 4200 MX
But if the user buys 4000 more MX on day 2 afternoon when the 1st snapshot has already been taken.
Then the participant limit = (1000 *2+ 5000*3)/5 = 3400 MX
You may click on [My MX Position Details] for more information on the snapshots.
Benefits of the Launchpad Event
MEXC Launchpad has a high standard of searching for high-quality projects for users. For past Launchpad events, all of the project tokens got at least 10 times, and up to 50 times increase compared to their IEO price. Users have lots of enthusiasm to participate in MEXC to get access to those premium projects. For specific rules, please pay close attention to the announcements of each event.
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