Participation method in MEXC Launchpad
Firstly, you need to have MX in your spot account and hold 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 token to anticipate. 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:
MX to be Deducted = (participant’s final token allocation *Project Token*IEO price) / MX average price
Calculation of MEXC Launchpad 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 MEXC Launchpad.
For example, a user holds 1000 MX on day1, but buys 4000 more MX at the end of Day 1 and holds for Day 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.
MEXC Launchpad has a high standard of searching high-quality projects for users. For past Launchpad events, all of the project tokens got at least 10 times, and up to 50 times rise 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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Please note that the information and data above are cited from third-party sources & whitepapers and do not represent MEXC. Please refer to direct sources for more details. This is not financial advice and does not constitute an offer or solicitation to offer or recommend any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.
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