SPCXx Subscription Guide: What to Know Before a Potential SpaceX IPO
<div data-page-id="I5fDdnYqJoMYuIxckSMuwl5Xsae" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-VyCQdp1mgoE6WYxeVOSuG1f3slg"><strong>Key Takeaways</strong></h2><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-K5u0d54BzokeGwxVVIOutxZgsud" data-list="bullet"><div><span style="font-size: 16px;">SPCXx is the tokenized stock product ticker for SpaceX pre-IPO subscription at the offering price.</span></div></li><li class="ace-line ace-line old-record-id-CW2wdNC2jocTikxSSdDuZhQJsug" data-list="bullet"><div><span style="font-size: 16px;">xStocks are tokenized assets backed 1:1 by underlying stocks held in custody by regulated entities.</span></div></li><li class="ace-line ace-line old-record-id-HnfJdgq9qoS67hxQrAvuo5efsAd" data-list="bullet"><div><span style="font-size: 16px;">After users submit a subscription interest, the corresponding funds will be reserved and frozen, rather than deducted immediately.</span></div></li><li class="ace-line ace-line old-record-id-HAnIdNGHIohKkxxvu3suq3ijsnf" data-list="bullet"><div><span style="font-size: 16px;">The final offering price includes an approximately 5% spread, and allocation results are ultimately determined by the underwriter.</span></div></li><li class="ace-line ace-line old-record-id-CnWZdeZqqoSxfexGNqXuwUfQsSe" data-list="bullet"><div><span style="font-size: 16px;">MEXC's SPCXx and SPACEX (PRE) platform credits differ significantly in product structure, participation method, and exit mechanism.</span></div></li></ul><div class="ace-line ace-line old-record-id-MCcFdkkRQobAA0xUvoBu16srstd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-XVItdSp8oozCJSxhgUoue9FisUh"><strong>1. SPCXx and xStocks Basics</strong></h2><div class="ace-line ace-line old-record-id-Cbyxdp8wDowMaaxgeiGuNVCvs2f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-LijKdUddworGQ4x9aE1uP87csnh"><span style="font-size: 16px;">1.1 What is SPCXx?</span></h3><div class="ace-line ace-line old-record-id-TW3odFURJoCT9gxtxbmuEGWksqc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Nu7GdvIeioE7Arx2ul0ugCigsXf"><span style="font-size: 16px;">SPCXx is the tokenized stock product ticker corresponding to SpaceX during its initial public offering stage. Users may submit subscription interest before SpaceX goes public at an offering price that includes an approximately 5% spread. After allocation, users will receive the corresponding amount of SPCXx tokenized stocks.</span></div><div class="ace-line ace-line old-record-id-F3zPdn2aoonziYxO86JuvgnUsfd"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-AmLBdt2WmoAtQ1xmNYeueLmqslc"><span style="font-size: 16px;">1.2 Why consider participating in SPCXx?</span></h3><div class="ace-line ace-line old-record-id-IsgOdVux3of0z9x3su6uaIJssqf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-D14SdO96coNsjfxMotcuWFoCs1c"><span style="font-size: 16px;">Participating in SPCXx subscription allows users to gain exposure to SpaceX-related investment opportunities before any potential public listing. Key advantages include:</span></div><div class="ace-line ace-line old-record-id-FOXpd2zjioSMLXxJWfKuLiuVsSe"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-DhRwd8Dhpo8sSkx4uyVu4XsxsBg" data-list="bullet"><div><span style="font-size: 16px;"><strong>Early access to a high-profile asset:</strong> As a leading commercial space company, SpaceX has strong market attention and growth potential. SPCXx gives users an opportunity to participate before any potential public listing.</span></div></li><li class="ace-line ace-line old-record-id-BXIjdD1eEoyEGCx9TD6uM5f9sbP" data-list="bullet"><div><span style="font-size: 16px;"><strong>Lower entry barrier:</strong> Traditional IPO allocations are often available only to institutional investors and selected clients. Through tokenization, SPCXx makes issue-price participation more accessible to eligible users.</span></div></li><li class="ace-line ace-line old-record-id-J2Hsd29SeoN7L2xPg5Au97acsOe" data-list="bullet"><div><span style="font-size: 16px;"><strong>No traditional securities account required:</strong> Users can complete subscription and trading through their crypto account without opening a traditional brokerage account.</span></div></li><li class="ace-line ace-line old-record-id-YO8zdiBKSot0sjxrivCuLpLBs3u" data-list="bullet"><div><span style="font-size: 16px;"><strong>Flexible 24/7 trading:</strong> After SPCXx is listed for trading, it generally supports 24/7 trading, offering greater flexibility than traditional stock market hours.</span></div></li><li class="ace-line ace-line old-record-id-XFw4dZkuHoGKA7xAoWZuGSE3s3c" data-list="bullet"><div><span style="font-size: 16px;"><strong>Transparent fund handling:</strong> During the subscription period, funds are reserved and frozen rather than deducted immediately. Any unallocated amount will be automatically released or refunded according to the event rules.</span></div></li></ul><div class="ace-line ace-line old-record-id-DqTndL4M9o6ENRx4kdouKODLs7c"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OYxSdytqOoutTvxkByouST2nsWf"><span style="font-size: 16px;">Please note that SPCXx is a high-risk investment product and its price may fluctuate significantly. Users should fully understand the risks and make rational decisions based on their own risk tolerance.</span></div><div class="ace-line ace-line old-record-id-C6PJdfgKaoYdBsxDjqAuADhVslg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-RENSdimMmo5WZIxLybEu80xOsxT"><span style="font-size: 16px;">1.3 What are xStocks?</span></h3><div class="ace-line ace-line old-record-id-C9YxdzhOcoETBCxi4LDuBOOgscf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WQDeduq71oDcgSxeTwKu1Yixscg"><span style="font-size: 16px;"><a data-lark-is-custom="true" href="https://xstocks.fi/">xStocks</a> are tokenized stock products. Each token is backed 1:1 by the underlying stock held in custody by regulated entities, so the token value tracks the price performance of the underlying asset. xStocks allow users to gain price exposure to the target company's stock without opening a traditional securities account.</span></div><div class="ace-line ace-line old-record-id-MIdBdkFBuobnWSxKhrMunrKQs0b"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JzRmdQfoZoGAasxHqUPu7BWBsKf"><span style="font-size: 16px;">There are several key points to understand about xStocks:</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-QJQVdPRuaoFyAoxbGWzupm1PsPc" data-list="bullet"><div><span style="font-size: 16px;">Price exposure only: xStocks do not represent direct legal or beneficial ownership of the underlying asset.</span></div></li><li class="ace-line ace-line old-record-id-SacNdU9zXo43ZMx93ueubEtyste" data-list="bullet"><div><span style="font-size: 16px;">No shareholder rights: Holders do not enjoy voting rights or dividend rights.</span></div></li><li class="ace-line ace-line old-record-id-G04Hdcb6soNTzsxdjb9uNeDCssb" data-list="bullet"><div><span style="font-size: 16px;">Self-custody supported: xStocks can be freely transferred between different wallets.</span></div></li><li class="ace-line ace-line old-record-id-T68rdAVYAovkWcx7rZLuoqZusDh" data-list="bullet"><div><span style="font-size: 16px;">Around-the-clock trading: xStocks support 24/7 trading. In certain regions, trading hours are 24/5.</span></div></li></ul><div class="ace-line ace-line old-record-id-QQMPd0GXVoYqDDxQdvhuMFQasuS"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Ziotdjdilom61SxP58muMjWlsFl"><span style="font-size: 16px;">1.4 Does holding SPCXx mean I am holding SpaceX stock?</span></h3><div class="ace-line ace-line old-record-id-KlmRdqGiLobQ8exty5WuGOAFscf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Q1kEdYQwiocDTxxf8nOuSoaPs9b"><span style="font-size: 16px;">No. SPCXx only provides tokenized economic exposure to the price performance of SpaceX stock. Holders do not enjoy any shareholder rights, including voting rights, dividend rights, or other shareholder claims. Its legal nature may vary across jurisdictions and does not mean it has been registered or approved as a security by any regulatory authority.</span></div><div class="ace-line ace-line old-record-id-L8GtdlHt6odUAWxwKEEuHXyYsse"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-MkgSdplXjoeDxtxr8wAujUets8e"><span style="font-size: 16px;">1.5 Is SpaceX involved in this subscription event?</span></h3><div class="ace-line ace-line old-record-id-RtDudjrZ3osF2nxt0CIu4iHgsbg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Mvlrd7OGfoNwFgxva5zuBIgas8k"><span style="font-size: 16px;">No. SpaceX is not involved in this subscription event. This product is operated entirely by the MEXC platform in cooperation with a compliant issuer, and the funds raised will not flow directly to SpaceX.</span></div><div class="ace-line ace-line old-record-id-PHbQdGIUzoUCILx0BnuucJKeswf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-LkLTdtOGSoMbJTxdfwluUth1sGg"><strong>2. SPCXx Subscription Rules</strong></h2><div class="ace-line ace-line old-record-id-A0r9dr2vXoFe5lxv7FIu2P0Ss7b"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-NwAJdCpONom08JxPBzAuiYn2sGc"><span style="font-size: 16px;">2.1 Who can participate in the SPCXx subscription?</span></h3><div class="ace-line ace-line old-record-id-NsqcdDTjso03GixL1Q0ucVZDss5"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IkAydTh8WoEVdbxAOkEuipqVsMe"><span style="font-size: 16px;">Users who have completed Advanced KYC Verification are eligible to participate. Please note that market maker accounts, institutional accounts, and sub-accounts are not eligible. Users from restricted countries or regions are also not allowed to participate. Borrowed funds cannot be used for subscription.</span></div><div class="ace-line ace-line old-record-id-UQIvdsfqjo1Hk6xPPZCudEj2sqh"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-QunOdraLbo5HmTxXBCLuOQD3sjd"><span style="font-size: 16px;">2.2 How do I participate in the SpaceX IPO through xStocks?</span></h3><div class="ace-line ace-line old-record-id-Vg4Ydbpzso0TwNxhPfeuuUYbsQg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OWnidqLJNo3jIuxEix9uINqjsGg"><span style="font-size: 16px;">Web: MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/">official website</a> → <strong>Event Center</strong> → <strong><a data-lark-is-custom="true" href="https://www.mexc.com/launchpad">Launchpad</a></strong> → SPCXx → register to participate.</span></div><div class="ace-line ace-line old-record-id-JxekdlA2uoyNOSxImBfurmxWs5d"><span style="font-size: 16px;">App: MEXC App homepage → <strong>More</strong> → <strong>Spot</strong> → <strong>Launchpad</strong> → SPCXx → register to participate.</span></div><div style="text-align:center" class="ace-line ace-line old-record-id-Sj5yd6URsoEQaIxFOg8uIVK2sVg"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-Z3Iud15Qgobxh8x5bmRuERJUsIf"><span style="font-size: 16px;">*BTN-<strong>Join Now</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/launchpad">https://www.mexc.com/launchpad</a>*</span></div><div class="ace-line ace-line old-record-id-Er3ddwVShosAsmxYReTuSp2AsSg"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"cae70a81-096c-4e20-85cf-08467e147a55","height":637,"width":1280,"currHeight":637,"currWidth":1280,"natrualHeight":637,"natrualWidth":1280,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FU9j7bUZAXoF6sWxzUsnuBBfIsff%2F%3Fpreview_type%3D16","file_token":"U9j7bUZAXoF6sWxzUsnuBBfIsff","image_type":"image/png","size":286966,"comments":[]}]}" class="image-uploaded gallery old-record-id-KP3FdiIHIoE09FxLbX3uTKjFsoh"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260611105958997icgmuqZnqA1pIJ.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJVOWo3YlVaQVhvRjZzV3h6VXNudUJCZklzZmYiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiS1AzRmRpSUhJb0UwOUZ4TGJYM3VUS2pGc29oIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9VOWo3YlVaQVhvRjZzV3h6VXNudUJCZklzZmYvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/U9j7bUZAXoF6sWxzUsnuBBfIsff/?mount_node_token=KP3FdiIHIoE09FxLbX3uTKjFsoh&mount_point=docx_image" data-width="1280" data-height="637" data-lark-image-uri="drivetoken://U9j7bUZAXoF6sWxzUsnuBBfIsff" data-lark-image-width="1280" data-lark-image-height="637" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-DTKdd2GitoACxmxNOE4uiykGs0f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-IDUidLyEOoyETAxDVqVuci0JsJd"><span style="font-size: 16px;">2.3 What assets are supported for SPCXx subscription?</span></h3><div class="ace-line ace-line old-record-id-RZeRdcNABoXUuLxIpeQuHo6jsjg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-H57wdNhc5o6ztgxOoopuuWGqs3b"><span style="font-size: 16px;">SPCXx subscriptions are typically paid using USD balances. MEXC supports participation using stablecoins such as <a data-lark-is-custom="true" href="https://www.mexc.com/price/tether">USDT</a> and <a data-lark-is-custom="true" href="https://www.mexc.com/price/USD1">USD1</a>. Please refer to the subscription event page for the exact supported assets.</span></div><div class="ace-line ace-line old-record-id-OuZmdCfQ0oakIExYt7muuR2Rsdc"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-YGCTdtAszo1yolxprkEuCAsjskh"><span style="font-size: 16px;">2.4 Are there any fees for participating in the subscription?</span></h3><div class="ace-line ace-line old-record-id-IUI5dmaEWoAZR1xqseduNrGWsJc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZmbGdz3PuomQifx5xoOuDF0Jssc"><span style="font-size: 16px;">SPCXx subscription itself does not charge any subscription fee, management fee, or custody fee. However, the offering price includes an approximately 5% spread, which is already included in the user's total cost.</span></div><div class="ace-line ace-line old-record-id-RyJmdRg1folTWVxNzmzuccr3sZc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-PsPWdCCfEoBfUZxxVQ1u7pTysAc"><strong>3. SPCXx Token Allocation Mechanism</strong></h2><div class="ace-line ace-line old-record-id-DXOJdU3n0ovQyHxqdeculTVFs0f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-ETPedOIvbouuLlxbDQCuY2JrsNc"><span style="font-size: 16px;">3.1 How is SPCXx allocation determined?</span></h3><div class="ace-line ace-line old-record-id-FhqodyCqroqxHJxzFNbuyGOYsdh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UYhsdiVOOo5O8KxjSujuENtGslg"><span style="font-size: 16px;">Allocation results are determined by the underwriter, while the platform only assists users in completing the subscription process. The underwriter may allocate based on proportional, random, tiered, or relationship-based methods. As a result, users may receive:</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-IocPdCaR8ofkyvx3wuhusyF7sSb" data-list="bullet"><div><span style="font-size: 16px;">Full allocation: the full subscription amount is allocated.</span></div></li><li class="ace-line ace-line old-record-id-WimidWMYkoYLzsx20cmuQn3Tsth" data-list="bullet"><div><span style="font-size: 16px;">Partial allocation: only part of the subscription amount is successfully allocated.</span></div></li><li class="ace-line ace-line old-record-id-HNwFduRbmooi9gxy45EuE3Lssle" data-list="bullet"><div><span style="font-size: 16px;">No allocation: none of the subscription amount is allocated.</span></div></li></ul><div class="ace-line ace-line old-record-id-W9lvdlrgRoBOQXxaT4guJo8hsGg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-EV6cdzamnolgQix6r9RuyaiFsre"><span style="font-size: 16px;">3.2 Why did I receive fewer tokens than expected?</span></h3><div class="ace-line ace-line old-record-id-H57mdCPR2o0g7PxGOOEuBPg8sud"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ADc3dOylqoypYCxfUeju9hNQsMf"><span style="font-size: 16px;">This may happen for the following reasons:</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-HoAPdLR6soSexFxrgzQuRmOosuc" data-list="bullet"><div><span style="font-size: 16px;">Overall subscription demand was high, and the underwriter reduced allocations proportionally.</span></div></li><li class="ace-line ace-line old-record-id-LfKgdXpCgoOKKxxeY8PuRRo0sbf" data-list="bullet"><div><span style="font-size: 16px;">The final offering price was higher than the expected price, resulting in a smaller allocated quantity.</span></div></li></ul><div class="ace-line ace-line old-record-id-E5HCdztA3ocaSMxvkuruB6vvsLe"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-DoCUdINfSoym0WxcDeEuwK4asqe"><span style="font-size: 16px;">3.3 How is the final offering price confirmed?</span></h3><div class="ace-line ace-line old-record-id-YQaZd19lmoNg5RxlhDRuQ7lcssb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-A6NPdDONYoKLaNx1RfmulvWvsEe"><span style="font-size: 16px;">The final offering price has been determined. Please refer to the product page for the exact price.</span></div><div class="ace-line ace-line old-record-id-Jf2odX57eoz1PdxTB2OuK5lqsAd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-ZuvxdkihYoscdHxhswPu1vEPsIk"><strong>4. SPCXx Funds and Distribution</strong></h2><div class="ace-line ace-line old-record-id-BwUndyxmtoJvqcxYKyDuzitqs8g"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-YNy2deOUModi4Bx70N9uGY9ssHg"><span style="font-size: 16px;">4.1 Will my subscription funds be frozen?</span></h3><div class="ace-line ace-line old-record-id-EuOCdgqH3obF0RxZxlluHjASsOd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Bc1fdV9SzoLMFtxtamouRm7Nskg"><span style="font-size: 16px;">Yes. After you submit your subscription interest, the corresponding amount will be reserved and frozen, but not deducted immediately. The funds cannot be used until allocation results are announced or the event is canceled.</span></div><div class="ace-line ace-line old-record-id-ZFUKdiMA1oUxjNx6837u7AIwsMf"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-XBRSdSMcWo4WCZxlSruuVLQOste"><span style="font-size: 16px;">4.2 When will SPCXx be distributed?</span></h3><div class="ace-line ace-line old-record-id-YyXZdKOneo2LndxCLbuulmBqsuf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KvuHdCvmSojmDyxgPxPuH0v7sE4"><span style="font-size: 16px;">On the morning of SpaceX's listing day in Eastern Time, allocation will be processed after the final offering price is confirmed. Allocated SPCXx will be displayed in users' portfolios, and trading will open later that morning.</span></div><div class="ace-line ace-line old-record-id-HDL6dKK0ToQCJUxfjVOuFVvHsZb"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Beoad6qzMocLgFxpWqUunLsJssb"><span style="font-size: 16px;">4.3 Is there a lock-up period for SPCXx?</span></h3><div class="ace-line ace-line old-record-id-Mqokd8rdCoTWN4x18GAuNYrPsFd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QFKidzTI9oRhL7xcAnCueq55sWh"><span style="font-size: 16px;">SPCXx can be traded normally after trading opens on the listing day. There is typically no lock-up period, and users may freely sell or continue holding from the first day.</span></div><div class="ace-line ace-line old-record-id-OdpcdpNN8oGdEyxJa1guT6gdswb"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-JakOdi9CmouN3bxN2uiuGEnXsEb"><span style="font-size: 16px;">4.4 How will unallocated funds be refunded?</span></h3><div class="ace-line ace-line old-record-id-UKMpdWW1xoRsDhxqQT6ut3uzscf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XhBAd6JTNoZXQSxBHSxue9QOsnb"><span style="font-size: 16px;">If part or all of the subscription amount is not allocated, the corresponding funds will be automatically refunded to the account balance shortly after listing and will become available again. No manual action is required.</span></div><div class="ace-line ace-line old-record-id-OQlldu640oO2oFx6qcLulf9bsAg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-EfUAdoVUaoJY7exjbwhuAWLbsPf"><strong>5. Differences Between SPCXx and SPACEX (PRE) on MEXC</strong></h2><div class="ace-line ace-line old-record-id-PKXidFsGXoUvLhxIc5zurhJVsca"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EDBhd4M2loWhfwxeh6zuUDomsdH"><span style="font-size: 16px;">To help users better understand different pre-listing SpaceX-related investment products in the market, the following section compares SPCXx and SPACEX (PRE) platform credits across three dimensions.</span></div><div class="ace-line ace-line old-record-id-WsGUdZTJDoEuDUxgih9ukke8saf"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Ioomdn4yao7QsbxNuOkuVozasWe"><span style="font-size: 16px;">5.1 Different product structures</span></h3><div class="ace-line ace-line old-record-id-UYnYdqeMgomartx0VhEunbEVsPc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NxINd8tgWoQmFWx8qhYuCG3jsZe"><span style="font-size: 16px;"><strong>SPCXx</strong>: A tokenized stock issued 1:1 against the underlying stock by a regulated issuer, with its price directly linked to the stock's price movement.</span></div><div class="ace-line ace-line old-record-id-KYKrdOB5wobPcDxdHJcu15vtsZd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OA03dgIPbowmo7xJGVqu50lhsR8"><span style="font-size: 16px;"><strong>SPACEX (PRE)</strong>: Mirror Credits, not tokenized stock. It is designed to mirror the market value performance of SpaceX before and after listing, with MEXC providing value alignment through hedging exposure.</span></div><div class="ace-line ace-line old-record-id-NqvUdfGSWo6HT6xAwAIuzagXsle"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-FDVPdBoj1oqnwPxsH8Tu3Svbs9f"><span style="font-size: 16px;">5.2 Different participation methods</span></h3><div class="ace-line ace-line old-record-id-ICHrdgmauoYnvGxGC3Au32Xfsne"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Bn1IdbfdhoYaCXx2d4xuo9vesAc"><span style="font-size: 16px;"><strong>SPCXx</strong>: Users submit subscription interest through the MEXC Launchpad subscription entry. Funds are reserved and frozen, and the offering price includes an approximately 5% spread.</span></div><div class="ace-line ace-line old-record-id-HmQedNexXoqUZsx4vhuuqzv7sbf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Wg8fdkdTlogtc8xUSR4u3xJDsee"><span style="font-size: 16px;"><strong>SPACEX (PRE)</strong>: Users participate through MEXC Launchpad. No subscription fee, management fee, or custody fee is charged. Users only need to pay USDT, USD1, or other supported tokens at the subscription price.</span></div><div class="ace-line ace-line old-record-id-SNfZd5VG0ofxDUxnmMfuhUaPss1"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-JatadWSn9o9USaxGTKTukPQxsTe"><span style="font-size: 16px;">5.3 Different exit mechanisms</span></h3><div class="ace-line ace-line old-record-id-AkxqdO4PxohpNAxs4XvuUhsnsFh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TAhxdX3PnoyqXLxuzjuulrBCsqh"><span style="font-size: 16px;"><strong>SPCXx</strong>: Users can freely buy and sell on the secondary market on the listing day, with typically no lock-up period.</span></div><div class="ace-line ace-line old-record-id-IXojd9UDro3XCCxMcabu4Eies5t"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BD1dd6WasovzX5xlGdXuy1FfsTh"><span style="font-size: 16px;"><strong>SPACEX (PRE)</strong>: After the platform credits are distributed, Spot trading will open. Users may also redeem them into stock tokens or USDT after the lock-up period, subject to the relevant rules.</span></div><div class="ace-line ace-line old-record-id-H0rXd0prroLqrtxxydBuhhpzsge"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-DaT5dAf6RoCpRmx0tfwuWkB6sue"><strong>6. SPCXx Investment Risk Reminder</strong></h2><div class="ace-line ace-line old-record-id-FAh5dt5igogxYMxNy7QuMtQFs1f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-BH5UdBMCRokiQIx0AgPuuNisslg"><span style="font-size: 16px;">6.1 What risks should I be aware of when participating in SPCXx subscription?</span></h3><div class="ace-line ace-line old-record-id-O0gWdfW1bol1WqxHABuuITlusvb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FBW1d7mxlo1l9Axj1tFuCS7UsYg"><span style="font-size: 16px;">Participating in SPCXx subscription is a high-risk investment activity. Please fully understand the following risks before participating:</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-G2lodLlmZorpKHxsmbqu2irFssc" data-list="bullet"><div><span style="font-size: 16px;"><strong>Valuation fluctuation risk</strong>: the target company's valuation may fluctuate due to market conditions and business performance.</span></div></li><li class="ace-line ace-line old-record-id-NSUTdQlhbo1SfMxDvd1u4t5GsIb" data-list="bullet"><div><span style="font-size: 16px;"><strong>Allocation uncertainty risk</strong>: allocation results are determined by the underwriter, and allocation is not guaranteed.</span></div></li><li class="ace-line ace-line old-record-id-UlXPdksN7ofZCSx1nksum4uKsSg" data-list="bullet"><div><span style="font-size: 16px;"><strong>Price volatility risk</strong>: the token price may rise or fall after listing.</span></div></li><li class="ace-line ace-line old-record-id-TPzAdcr0GoMu3OxvtoHuZCFFsId" data-list="bullet"><div><span style="font-size: 16px;"><strong>Liquidity risk</strong>: there may be insufficient liquidity in the secondary market.</span></div></li><li class="ace-line ace-line old-record-id-CVvZdoX95oNwHcxmzTQuqMVKsAb" data-list="bullet"><div><span style="font-size: 16px;"><strong>Principal loss risk</strong>: your investment principal may suffer partial or total losses.</span></div></li><li class="ace-line ace-line old-record-id-B5lGdZaI2oql7IxrNniuM5nIsKf" data-list="bullet"><div><span style="font-size: 16px;"><strong>Uncertainty risk</strong>: the listing timeline may change, affecting the overall investment period.</span></div></li></ul><div class="ace-line ace-line old-record-id-ZzdCdETZRoHMDbx5LSvuBiI7sYq"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-BcsRdPRL1oMsRHxpZj2uNmKoszb"><span style="font-size: 16px;">6.2 Does SPCXx have underlying asset support?</span></h3><div class="ace-line ace-line old-record-id-Qyv2dTKPzobWncxF6Utu6EegsuN"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-T8ovd8bRvow0HvxGTSnuXuXss0f"><span style="font-size: 16px;">Yes. SPCXx is issued 1:1 against the underlying SpaceX stock and held in custody by regulated entities. However, this does not make the product risk-free. Please assess the risks carefully before participating.</span></div><div class="ace-line ace-line old-record-id-JVQcd168TopPEGxZA7TuPoVwsab"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-NzyFdALUooUFGPxoroyubBw1sWb"><span style="font-size: 16px;">Recommended Reading:</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-RmAAdugYeo07MKxxUClu1hBUs8h" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/spacex-pre-subscription-faq-355189466053204992" style="font-size: 16px;">SPACEX (PRE) Subscription FAQ</a></div></li><li class="ace-line ace-line old-record-id-J5GIdr6Phoi4mUxZVlluc85FsCg" data-list="bullet"><div><a href="https://www.mexc.com/support/article/launchpad-faq-17827791523517" data-lark-is-custom="true" style="font-size: 16px;">Launchpad FAQ</a></div></li><li class="ace-line ace-line old-record-id-WzS7d8Prjo6OICxBkzVuXUqrsoh" data-list="bullet"><div><a href="https://www.mexc.com/learn/article/what-is-launchpad-/1" data-lark-is-custom="true" style="font-size: 16px;">What is Launchpad?</a></div></li><li class="ace-line ace-line old-record-id-KB0TdAphWoLc02x8jRSudhQysFe" data-list="bullet"><div><a href="https://www.mexc.com/support/article/common-reasons-users-can-t-participate-in-events-or-claim-rewards-292092616903469056" data-lark-is-custom="true" style="font-size: 16px;">Common Reasons Users Can't Participate in Events or Claim Rewards</a></div></li></ul><div class="ace-line ace-line old-record-id-Qsj0dTHoTofezqxPmMWuGT0isRf"><span style="font-size: 16px;"><br></span></div></div>
Kickstarter Event FAQ
<div data-page-id="DvdwdKqj5oDDBuxtM0EujKNmste" data-lark-html-role="root" data-docx-has-block-data="true"><p><video controls="" playsinline="" preload="metadata" src="https://customer-article.mocortech.com/publicVideo/F20260608112612263lwAiZShkDDVb6H.mp4" style="max-width:100%;height:auto;float:none"></video></p><p><br></p><h2 class="heading-2 ace-line old-record-id-N5oidXGlvoeLPWxfLn4uza5HsCc"><strong>1. What is the Kickstarter event?</strong></h2><div class="ace-line ace-line old-record-id-OngudppV2olN8uxsGJAunpNosOe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-K4YRd0npuoCGNzxKxtLubmdZsWh"><span style="font-size: 16px;">The Kickstarter event is an activity initiated during the pre-launch stage of a project where users can vote to support their favorite project on MEXC, which then airdrops its tokens to all successful voting users. This event is designed to identify high-quality projects and at the same time, bring airdrop benefits to MEXC users.</span></div><div class="ace-line ace-line old-record-id-O6LjdclJqoB8BtxTUS3uLqTIszd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-KhowdT1dhoyFXwxjnE8u5x9esSc"><strong>2. How to Participate and Boost Your Rewards?</strong></h2><div class="ace-line ace-line old-record-id-I8QDdDmPvoLHmUxY1Dgu6nLVsQe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DM5fdABBOo9x1exLzfmu8TJ1sWf"><strong style="font-size: 16px;">Step 1: Qualify for Participation</strong> </div><div class="ace-line ace-line old-record-id-SPEhdotrHoXvNGxIU8huRSSYsAh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KqtkdQeDpoNZpyxuy5qulSAis4g"><span style="font-size: 16px;">To qualify, your account must have completed at least one Futures trade of any amount or trading pair, and holds a minimum of 5 MX for 24 consecutive hours before 16:00 (UTC) on the day prior to the event start date.</span></div><div class="ace-line ace-line old-record-id-Ei0RdW5CUodxEQxSJZDuRc2CsNg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GKhYdzxdLobYNHxedEIuCqM7sQb"><strong style="font-size: 16px;">Step 2: Commit MX and Calculate Valid Committed Quantity</strong></div><div class="ace-line ace-line old-record-id-QoIUdfI7LohjTUxw2RVu9uFAsyf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QDIhdFrGpoRprkx7bY8uuHN4s3B"><span style="font-size: 16px;">Once you meet the eligibility requirements, you can commit MX during the event period. The committed MX will be used to calculate rewards and will not be frozen. After the event ends, we will calculate your valid committed quantity based on your actual committed quantity and the level you qualify for. The higher your valid committed quantity, the more rewards you will receive.</span></div><div class="ace-line ace-line old-record-id-U8nGd7U4qoCIgqxZVFQuFDYcsPP"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KHiBdX51qoAL5axRsHbupksLsYf"><strong style="font-size: 16px;">Step 3: Invite Valid Users to Increase Your Reward Coefficient</strong></div><div class="ace-line ace-line old-record-id-Uy9BdiYmEoBF5Bx9ryhuExdfs0g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GF12dk9JUomx8jxzwvVuXOW0sNG"><span style="font-size: 16px;">Invite friends to sign up, make deposits, and trade futures according to the conditions listed below to increase your reward coefficient:</span></div><div class="ace-line ace-line old-record-id-VgSLdjDzRoJe5cxX0xbunS9Qsth"><span style="font-size: 16px;">1）Invite friends to join MEXC through your referral link or code.</span></div><div class="ace-line ace-line old-record-id-FtXxdSvwboReVCx9kKKuXUiDswe"><span style="font-size: 16px;">2）After signing up, the invitee must make a total deposit of ≥ 100 USDT within 7 days of their first deposit (Internal transfers are not considered valid. However, on-chain deposits and P2P or fiat purchases are considered valid).</span></div><div class="ace-line ace-line old-record-id-GysVdylb7op5z0xyMQOufgr1sRf"><span style="font-size: 16px;">3）The invitee must complete at least one futures trade (no minimum amount required).</span></div><div class="ace-line ace-line old-record-id-VJDjdXGSuoI8VhxvmtCuR4I8srg"><span style="font-size: 16px;">4）Any futures trading does not include copy trading.</span></div><div class="ace-line ace-line old-record-id-ONdldNQdmomcH3xpQqjuRb35s6d"><span style="font-size: 16px;">*Note: Completing a futures trade means both opening and closing a position.</span></div><div class="ace-line ace-line old-record-id-ZCogd5FWIowiUOxCVdDu2Nc9sng"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SMsGd7V6ToDaBdxMLBiudPmEsPF"><strong style="font-size: 16px;">By increasing the number of valid invitees you invite, your reward coefficient grows, and you can claim a larger portion of the total rewards.</strong></div><div class="ace-line ace-line old-record-id-BMSPdW7PqoqIndxI99FusBHls6e"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OUlXd4fUao0FvXx6UXbu1ovwsfb"><strong style="font-size: 16px;">Reward Rule: The more MX you commit and the more valid invitees you invite, the higher the rewards you will ultimately receive.</strong></div><div class="ace-line ace-line old-record-id-LgeIdaJFJoh6qMxuVotuydeJsNf"><span style="font-size: 16px;"><br></span></div><div><table class="ace-table" data-ace-table-col-widths="100;301;301" style="border:none;border-collapse:collapse;table-layout:fixed;width:500px;"><colgroup><col width="100"><col width="301"><col width="301"></colgroup><tbody><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-EjOzdzGCroP6G3xsJEpudGD6sGB"><strong style="font-size: 16px;">Level</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-JMu2d7UlSoZewHxSfvZutxUqsxb"><strong style="font-size: 16px;">Requirements</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-BU9YdQUiCo17QGxy4CguEKlUsSh"><strong style="font-size: 16px;">Coefficient</strong></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-APlFdD20PompvNxMfcPueAsgsBb"><strong style="font-size: 16px;">V1</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-LCtJdqsPRoVO06xozutuaw67sTe"><span style="font-size: 16px;">Hold ≥5 MX for 24 consecutive hours.</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-R5AXdQQ62oUHlGxASsVuMb8Sskb"><span style="font-size: 16px;">x1</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-VyCgdxxKIoDJLexiKbauh3etsxc"><strong style="font-size: 16px;">V2</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-KrtpdFEmIoPMqZx9S6Zuzt5ZsJg"><span style="font-size: 16px;">Invite 1 valid user.</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-TrRTdPUtVo9Uswx8iVpu4X84sPh"><span style="font-size: 16px;">x1.5</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-ZrAQdvDIToVLdfxHgdIus3EXsQc"><strong style="font-size: 16px;">V3</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-AOuddtRUwo3xhxxg4yHuIRJrsgf"><span style="font-size: 16px;">Invite 2 valid user.</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-DGuOdoUP1oYNiJxmzQuuziFjsee"><span style="font-size: 16px;">x1.55</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-HUQudluaqoUQGwxjz2pubq0rs7b"><strong style="font-size: 16px;">V4</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-S4hFdnQnzoBvamxNsr5u36FRsad"><span style="font-size: 16px;">Invite 3 valid user.</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-YGm1d9fKFoO04Fx2iOTuYnXuskf"><span style="font-size: 16px;">x1.6</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Z9ywdHJfIoWFsMxGh3MuGRkWsGf"><strong style="font-size: 16px;">V5</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-X77Jd2hwroV17hxe32ouXY5Ysje"><span style="font-size: 16px;">Invite 4 valid user.</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-OWqydGlq1ocLUExgBQ9uWEoSsGT"><span style="font-size: 16px;">x1.65</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Da0HdX1YSoefKhxq47KuAaeNsBh"><strong style="font-size: 16px;">V6</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Mv8fdstRsoHPwgxK4dNuMR5Zstb"><span style="font-size: 16px;">Invite 5 valid user.</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Mk0ZdgUmLoluTuxKpwruZyRDspd"><span style="font-size: 16px;">x1.7</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-CBVIdCmtBoNvWVx6XXZuY2G3s8t"><strong style="font-size: 16px;">V7</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Q19AduTbCoYcbuxOoDcu8HzosTc"><span style="font-size: 16px;">Invite 6 valid user.</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: top; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-K3NqdkqOhocK0NxOnKuueFi7sfd"><span style="font-size: 16px;">x1.75</span></div></td></tr></tbody></table></div><div class="ace-line ace-line old-record-id-R9TedHUBjoEsKmxiXCHu12BosQd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-D7CidLZYfo9qRcxV6IUulqfjs3e"><span style="font-size: 16px;">User's Valid Quantity of Committed MX = User's Actual Quantity of Committed MX * Commitment Coefficient</span></div><div class="ace-line ace-line old-record-id-LQpEdZdneodgQixDPWGuPC5FsJh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MtqJdfwQ1osXbmxhfbLuYoFAsVh"><span style="font-size: 16px;">To calculate the reward for User A:</span></div><div class="ace-line ace-line old-record-id-ALQadHSQZo2umYxMHPsusbJEs1c"><span style="font-size: 16px;">User A's Reward = (User A's Valid Quantity of Committed MX / All Users' Total Valid Quantity of Committed MX) * Total Prize Pool</span></div><div class="ace-line ace-line old-record-id-SMQqdQXf9ohG53xgDTHuzkR0s2c"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OPNsdhhoXoCcWtx6acru7pEDs8b"><span style="font-size: 16px;">The more MX you commit and the more friends you invite as valid users, the larger your share of the rewards!</span></div><div class="ace-line ace-line old-record-id-K4zMd90ezoZCPtxkyHWupoQjsbd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-StvqdNSrnom2JFxIvZiuTxccsCW"><strong style="font-size: 16px;">Definition of a valid user:</strong></div><div class="ace-line ace-line old-record-id-FnZWd8y5Co1ZRdxiGLPuLWPesQb"><span style="font-size: 16px;"><strong>A valid user</strong> = A user who completes their first deposit after signing up (internal transfers not counted, but deposits via on-chain, P2P, or fiat are all valid), accumulates deposits of ≥ $100 within 7 days, and completes at least one futures trade.(Must complete the closure of at least one order.)</span></div><div class="ace-line ace-line old-record-id-DXBmdZAMoommwcxBx5IubNvtspf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-P4pLdAkVYoBHlGxoMkxuDMdisud"><strong style="font-size: 16px;">Note:</strong></div><div class="ace-line ace-line old-record-id-UcFFd0Zfuo2mrnxoTeru54M8sZf"><span style="font-size: 16px;">The system will take a snapshot of the number of valid invited users (valid for 30 days) and update the level the following day. Users can check their account level coefficient on the event page.</span></div><div class="ace-line ace-line old-record-id-BGlOdZAB6oJRgqxZOTXu8hbSsXe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WziAdtA8mo9q4bxiNCHus0Ugs9Y"><strong style="font-size: 16px;">Step 4: Reward Distribution</strong></div><div class="ace-line ace-line old-record-id-CfeVdxEO6oSIssxbjXku8nZIs6f"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SNbNd6twco9uOtx2DjNu4HGgsqe"><span style="font-size: 16px;">Rewards will be distributed to your spot wallet based on the event rules. </span></div><div class="ace-line ace-line old-record-id-MZyYdNC9OoW4R0xHzOduziGJsdb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-QarydUHQHoyoezx1pYyuJQMpsvg"><strong>3. How to calculate my MX holdings?</strong></h2><div class="ace-line ace-line old-record-id-EguydFgp7ovZorxZHAWulgGds3R"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UN9tdz3GKoFhYQx1enwuilwbsNd"><span style="font-size: 16px;">The minimum of all MX amounts snapshotted over the consecutive 24 hours will be used in the calculation for MX holdings. </span></div><div class="ace-line ace-line old-record-id-YoNTdtxaroHzxexJfpsubEaZsyb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CmvcdiAJOoB9ZFxSXEhuVpVFsXe"><span style="font-size: 16px;">1）Spot account balance snapshot: Take the smallest amount of the day's snapshots (three random snapshot throughout the day) </span></div><div class="ace-line ace-line old-record-id-ODhyddmAcoa4ZGxMFDwu7RIXsgf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DkfMd13MoowPDExoGspu5otNsKb"><span style="font-size: 16px;">For example: The MX amount in three snapshots of the day are 100 MX, 200 MX, 300 MX - The minimum snapshotted amount is 100 MX of the day</span></div><div class="ace-line ace-line old-record-id-M8mhdMCnOoc1QuxZZ60uGI6EsLf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Y62gdoELZobb6CxXE1SuTxdvs4f"><span style="font-size: 16px;">2）Snapshots will end on the day before the activity starts; Data is collected based on the time zone of UTC+8.</span></div><div class="ace-line ace-line old-record-id-M0sHdWPZCou2nyxhfObuSaLMs1e"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-RdsDd99VfoE1SDxBZUXubs5vsZ7"><strong>4. How to calculate MX amount that I can commit?</strong></h2><div class="ace-line ace-line old-record-id-R1l0dQVVaokYaRxxQOIu06SOskf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JBsRdwRzGolJYtxLK7Auprhfsof"><span style="font-size: 16px;">The minimum amount you can commit is 5 MX; the maximum amount you can commit is 100,000. </span></div><div class="ace-line ace-line old-record-id-Vmipda9aPoIwGxxHByvujdahsDf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Ds5PdGn1bobRbRxaichuCb2jsme"><span style="font-size: 16px;">1）If the minimum MX amount snapshotted in your spot wallet over the 24 hours falls below 5 MX at any time, the MX amount you can commit will be 0. You will not be qualified for Kickstarter. </span></div><div class="ace-line ace-line old-record-id-BSeBdQSuiojEifxDWTLuOcDSsvb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GCuadJp1Eo4GkgxJzQfuTHtysGb"><span style="font-size: 16px;">2）If the minimum MX amount in your spot wallet for the consecutive 24 hours is between 5 MX and 100,000 MX, the MX amount you can commit will be the lowest MX amount snapshotted in your spot wallet during the 24 hours. </span></div><div class="ace-line ace-line old-record-id-Qd8Ud6Of2oEeioxvw0muccC2sjt"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RzI3dVt4YoGXCRxfQyNuqii8scg"><span style="font-size: 16px;">3）If the minimum MX amount in your spot wallet for the consecutive 24 hours is greater than 100,000 MX, the greatest amount of MX you can commit is 100,000 MX.</span></div><div class="ace-line ace-line old-record-id-PVsPdykrJouJlHxrGgLuigyLsQ2"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WLyvduIhwolA00xOPA3uvmAGsIe"><span style="font-size: 16px;">Reminder: If a single user commits a total of more than 100,000 MX across multiple accounts, the associated accounts may trigger the platform's risk control measures. Please proceed with caution.</span></div><div class="ace-line ace-line old-record-id-SQrKdbp8XodBdNxABjHu2rbcswf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-JgFJdSZJQohgbTxqIdpu2OC2sbJ"><strong>5. Why am I getting fewer airdrops from Kickstarter while holding more MX?</strong></h2><div class="ace-line ace-line old-record-id-F0IydtF0aoy7D3xVi4QuaSBCswb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NzArdEgDYo2dzaxPRW4u5tsds8f"><span style="font-size: 16px;">The Kickstarter airdrop amount depends not just on your MX holdings but also on these factors:</span></div><div class="ace-line ace-line old-record-id-MgL4d49MnoOuemxpyaruVOg1s1f"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-E484dBJCNofvl5xrYXguk86ksmh"><span style="font-size: 16px;">1）Total valid MX committed by all users: If overall commitment increases significantly, your proportional share may decrease. </span></div><div class="ace-line ace-line old-record-id-SRvDd8IsNo17zqxbyMgut3gus3c"><span style="font-size: 16px;">2）Current prize pool size: When the total pool decreases, individual allocations are reduced accordingly. </span></div><div class="ace-line ace-line old-record-id-FeCdd0Vl9obdM8xVFvJuybGXsWe"><span style="font-size: 16px;">3）Valid referral coefficient: Fewer successful referrals will lower your reward multiplier. </span></div><div class="ace-line ace-line old-record-id-DUTWdl5PNoqWoXxi25QuRjZ2scd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Q2Jnd5Z0douCx9xfUwSunCYsss4"><span style="font-size: 16px;">Summary: If your MX holdings and referral coefficient remain unchanged, reduced airdrops typically indicate either increased overall commitment or a smaller prize pool.</span></div><div class="ace-line ace-line old-record-id-CIvHdtZdFo7vAVxlex7um0xis6f"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-FPrBdF5jCortQnx0EpruPIFKsbh"><strong>6. What factors affect the Kickstarter airdrop amount?</strong></h2><div class="ace-line ace-line old-record-id-LuT7dc5VMoyNf7xaiMturfdgsSd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TDlFdEIWao89w7xcLOhuMZefsHO"><span style="font-size: 16px;">Main influencing factors:</span></div><div class="ace-line ace-line old-record-id-WkP1dbLSuo36dYx5Ah0u8IxvsIe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DenDdnbyeoFf4VxZmpLuXxoRsvc"><span style="font-size: 16px;">Personal factors:</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-XO2CdWyBRoYn2OxB6squcgZFsWc" data-list="bullet"><div><span style="font-size: 16px;">MX holdings: The more MX you hold, the higher your base allocation percentage.</span></div></li><li class="ace-line ace-line old-record-id-HOA2dJMQwoHqnjxq2wfutf4Ts0d" data-list="bullet"><div><span style="font-size: 16px;">Valid referral coefficient: Successfully referring active users increases your reward weighting.</span></div></li></ul><div class="ace-line ace-line old-record-id-Eu00dX3dwohgSfxrSYDuh9K4s0d"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EMyldd8hloLNlmx3uruuDKJksaf"><span style="font-size: 16px;">Market factors:</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-F3zOd5GA3ofQYQxFl1oup0LksUY" data-list="bullet"><div><span style="font-size: 16px;">Total valid MX committed by all users: Higher overall commitment may reduce your individual share.</span></div></li><li class="ace-line ace-line old-record-id-RweTdlzmOol5ZdxUX2Ku9ZfSsYb" data-list="bullet"><div><span style="font-size: 16px;">Current prize pool size: Changes in the total pool directly impact per-user distributions.</span></div></li></ul><div class="ace-line ace-line old-record-id-PbxHdRxrSoTjZrxmwghuXVVks9f"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Ubfsdb0d0oMBSixeNkVuvxVNs7d"><strong>7. How to check the final total valid commitment?</strong></h2><div class="ace-line ace-line old-record-id-LHLXdjMchonzY2xK5vGuxL77sYg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WLm6dtsuQoXGhbx9gQ2uDo5KsLf"><span style="font-size: 16px;">After the event ends, MEXC will publish the total valid commitment data for all participants in the official announcement. Check the <span style="color:rgb(36,91,219)"><a data-lark-is-custom="true" href="https://www.mexc.com/support/categories/360000254192?utm_source=mexc&utm_medium=webmenu&utm_campaign=announcements">announcement page</a></span>.</span></div><div class="ace-line ace-line old-record-id-DcUZdaWmsoWlZHxw7y2uB9tFsRc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-MoMRdtOtLoVRqxxPksGuI7ulsEf"><strong>8. Which wallet does MX need to be in to participate in the activity?</strong></h2><div class="ace-line ace-line old-record-id-Ao2JdmTsVoBNPcxLL83uC4R5sym"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GPeBdyFY8oKiatxCpDMuFMbEspc"><span style="font-size: 16px;">Your MX tokens should only be in your Spot Wallet for eligible snapshot. MX in other wallets will not be snapshotted.</span></div><div class="ace-line ace-line old-record-id-WbrSdWaOsoeIkdxHxVwuDHoss7c"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-T0qndiMhEoKv8BxXq0xuCaQqsqg"><strong>9. How can I check the amount I have committed during the event?</strong></h2><div class="ace-line ace-line old-record-id-HgVedoCeSo03sox1X7XuHVWYsRg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JziddGyYNoXnEFx4rlBusobPslc"><span style="font-size: 16px;">1）You can find your committed MX amount and valid committed amount on the event page;</span></div><div class="ace-line ace-line old-record-id-OFijdSy9uooJdPxkGoBuZ7olsdd"><span style="font-size: 16px;">2）You can find your commitment history under Event Details - <span style="color:rgb(36,91,219)"><a data-lark-is-custom="true" href="https://www.mexc.com/activity-reward-records?type=2&from=sun">Reward History</a></span></span></div><div class="ace-line ace-line old-record-id-IPTSda4ixoCd4lxGKWku6Emks7c"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-RW0GdwTGCo7TC8xOmZsuGCnysUb"><strong>10. How to check my Kickstarter rewards?</strong></h2><div class="ace-line ace-line old-record-id-Ze2ydr7pvoMvTwxgVs6uMgJQsEg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Rlr9dzHzlox9WFx2DgFudc3asSf"><span style="font-size: 16px;">1）You can check your estimated rewards and actual rewards on the event page based on your committed MX tokens.</span></div><div class="ace-line ace-line old-record-id-AKzDdTwkPoxpotx3uQPuk6ajsJJ"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WS2ld0fuToiw1IxgfSsukIzDsxf"><span style="font-size: 16px;">2）To check the details of the actual rewards you received for this event, you can view it under Event Details - <span style="color:rgb(36,91,219)"><a data-lark-is-custom="true" href="https://www.mexc.com/activity-reward-records?type=2&from=sun">Reward History</a></span>.</span></div></div>