Bonus: Trading fee discount. Users who register with MEXC through the referral link on this page can enjoy a 10% discount when trading on MEXC;
1. For every qualified users whose net deposit amount during the campaign period is > $500, and Spot trading volume > 2,000 USDT or Futures trading volume > 10,000 USDT, MEXC will support this initiative by contributing $20 worth of LUNC to the burning pool;
2. For every 50 eligible users who qualify for the above-mentioned conditions, MEXC will contribute additional $1,000 worth of LUNC to the burning pool.
Note: ONLY new sign-ups within this campaign duration will be considered for the MEXC Initiative calculation mentioned above.
LUNC 1.2 Burn Tax Initiative Details:
1. MEXC will utilize the actual trading fees received from the spot trading pair on a daily basis. Additional burn from this campaign will last for 1 month, starting from 2022-09-02 00:00 to 2022-10-02 23:59 (UTC +8), as indicated in the countdown above.
2. All trading fees on the LUNC/USDT spot trading pair generated will be used for the 1.2 Burn Tax Initiative.
3. Terra has officially provided a . MEXC will handle the necessary arrangements to send LUNC tokens to the official burn address specified on a daily basis.
4. MEXC will provide weekly transaction ID proof showing the transfers made to the official burn address on 8th October, 15th October, 22th October & 29th October (UTC +8).
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Users are strongly advised to do their own research before participating. Nothing herein shall be construed to be financial advice or recommendation to participate in the associated network. The price of the project token may fluctuate greatly due to market conditions and other factors. Withdrawal for the project token may be suspended (fully/partially) due to the token mechanism.
Terms and conditions：
1. Net deposit within the event period is calculated as follows:
Net deposit = Deposit amount - Withdrawal amount
2. The LUNC burning contributed by MEXC will be calculated and submitted together during the last LUNC burning submission for this campaign.
3. MEXC reserves the right to revoke the eligibility of any participants involved in wash trading or any suspicious activity that may be condemned as an act of cheating. MEXC reserves the right to forfeit the prize or freeze the account of said users.
4. LUNC Burn Address provided by Terra official:
5. The actual trading fee collected is restricted to spot trading only, excluding Futures, ETF and Margin Trading. (MX Deduction and trading fee rebate will be excluded from the actual trading fee collected)
6. Please take note that MEXC did not generate the burn address and is not responsible for any fund movements made by the address after the end of the LUNC secondary buyback arrangement.
7. MEXC reserves the right to modify the terms of this activity without prior notice.
8. MEXC reserves the right for final interpretation of this activity. If you have any questions, please contact the customer service.