SPACEX (PRE) Subscription FAQ
Key Takeaways
- SPACEX (PRE) is a MEXC Mirror Credits product launched by MEXC before SpaceX's IPO.
- It is issued in the form of platform credits and is designed to reflect the market performance of the target company after listing. It is not a direct equity investment.
- Users can subscribe through MEXC Launchpad and must complete Advanced KYC Verification.
- The subscription uses a proportional allocation mechanism and charges no subscription fee, management fee, or custody fee.
1. SPACEX (PRE) Basics
1.1 What is SPACEX (PRE)?
SPACEX (PRE) is an innovative token sale product launched on MEXC Launchpad, offering users access to pre-IPO exposure in global unicorn companies. SPACEX (PRE) is an asset certificate in the form of MEXC Mirror Credits before SpaceX's IPO, designed to mirror the market value of SpaceX both before and after its listing. By obtaining hedging exposure in the market, MEXC provides users with multiple exit options or long-term holding options aligned with the target company's fair market value.
1.2 Does holding SPACEX (PRE) mean I am investing in SpaceX stock?
No. SPACEX (PRE) represents a rights certificate issued by the issuer to the holder and is designed to reflect the company's performance. Holders do not enjoy voting rights, dividend rights, or any other shareholder rights. It is fundamentally different from directly holding SpaceX stock, and users should fully understand this before subscribing.
1.3 Is SpaceX involved in this subscription event?
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.
2. SPACEX (PRE) Subscription Rules
2.1 Who can participate in the SPACEX (PRE) subscription?
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.
2.2 What assets can be used to subscribe to SPACEX (PRE)?
USDT, USD1, and other supported tokens may be used for subscription. Please refer to the MEXC Launchpad event page for the exact supported subscription assets, as different pools may accept different tokens.
2.3 Are there any fees for participating in the subscription?
No. The SPACEX (PRE) subscription does not charge any subscription fee, management fee, or custody fee. Users only need to pay the corresponding amount of tokens at the subscription price.
2.4 How do I participate in the SPACEX (PRE) subscription?
Web: MEXC official website → Events Center → Launchpad → SPACEX (PRE) → register to participate.
App: MEXC App homepage → More → Spot → Launchpad → SPACEX (PRE) → register to participate.
2.5 Can I participate in multiple subscription pools at the same time?
Yes. The USDT pool and USD1 pool are calculated separately, and users may participate in both at the same time. However, each pool has its own participation requirements and rules. Please refer to the specific event announcement for details.
2.6 How can I view my SPACEX (PRE) participation records?
You can view your full event reward records under Wallets → Event Rewards → Spot Events → Launchpad.
3. SPACEX (PRE) Token Allocation Mechanism
3.1 How is the SPACEX (PRE) subscription allocation calculated?
The subscription uses a proportional allocation mechanism:
- Non-oversubscription (total subscription amount ≤ total sale amount): tokens are allocated directly based on the committed amount.
- Oversubscription (total subscription amount > total sale amount): tokens are allocated proportionally.
User's allocated tokens = (User's committed amount / Total committed amount) × Total token supply
3.2 What happens if the subscription is oversubscribed?
If the total subscription amount exceeds the total sale amount, the system will allocate SPACEX (PRE) shares proportionally. Any unallocated subscription funds will be automatically refunded to the user's Spot account within 24 hours after the event ends.
3.3 Why did I receive fewer tokens than expected?
This may happen for the following reasons:
- The subscription was oversubscribed, so tokens were allocated proportionally.
- If the allocated amount is less than 0.00000001 (8 decimal places), it may be considered invalid and refunded.
4. Funds and Distribution
4.1 Will my subscription funds be frozen?
Yes. Funds used for subscription will be frozen during the event. If the subscription is successful, the corresponding amount will be deducted. If the subscription fails or no allocation is received, the funds will be unlocked and fully refunded to your Spot account within 24 hours.
4.2 When will SPACEX (PRE) tokens be distributed?
Please refer to the Launchpad event page for the exact distribution time. Once the distribution is complete, you can view the record under Wallets → Spot → Spot Statement → Events/Savings → Launchpad.
4.3 Is there a lock-up period for SPACEX (PRE)?
According to the project rules, platform credits are typically distributed as 100% unlocked, with the full allocation credited at one time after the sale is completed. Please refer to the project announcement for the specific lock-up arrangement.
4.4 Will I receive a refund if the subscription fails?
Yes. The following situations may cause the subscription to fail:
- Required tasks were not completed
- The allocated amount is too small
- The project is canceled
- Abnormal account behavior is detected
Refund process: Funds will be fully refunded to your Spot account within 24 hours.
5. Trading and Exit Options
5.1 When can I trade SPACEX (PRE)?
After SPACEX (PRE) platform credits are distributed, MEXC will open market trading, with 24/7 trading support. Please follow official announcements for the exact launch time.
5.2 What exit options are available for SPACEX (PRE)?
You may exit through the following methods:
- Spot trading: sell through spot trading after the token is listed for trading.
- Redemption after the lock-up period: subject to the announcement, redeem into stock tokens or USDT after the lock-up period ends.
5.3 Can I cancel my SPACEX (PRE) subscription during the event?
Yes. You can go to the subscription pool details page of the event you joined and click Cancel Subscription. Once canceled, the frozen tokens will be immediately returned to your Spot account.
6. Investment Risk Reminder
6.1 What risks should I be aware of when participating in the SPACEX (PRE) subscription?
Please be aware of the following risks before participating:
1. Valuation fluctuation risk: the target company's valuation may fluctuate due to market conditions, business performance, and other factors.
2. Trigger event risk: if a trigger event such as a listing does not occur, the product's exit and returns may be affected.
3. Liquidity risk: there may be insufficient liquidity in the secondary market.
4. Principal loss risk: if the company performs poorly or other adverse factors arise, your principal may suffer losses.
5. Uncertainty risk: the target company's listing timeline is uncertain, and the investment period may be relatively long.
Please make sure you fully understand the relevant risks and participate cautiously.
6.2 Does SPACEX (PRE) have underlying asset support?
Yes. The issuer and its partner institutions hold equity or related interests in the target company through compliant channels, providing underlying asset support for the product. However, this does not mean the product is risk-free, and users should still fully evaluate the investment risks.