Dear MEXCers,
MEXC is thrilled to launch another session of Kickstarter, a listing campaign initiated by the project team on MEXC before launch where users can stake tokens and vote to support their favorite project.
This event is designed to identify high-quality projects and at the same time, bring airdrop benefits to MEXC users.
Presenting the project for this session of Kickstarter, Hourglass (WAIT).
About Hourglass (WAIT)
Hourglass is a community-driven, tax-free token with renounced ownership. 100% is circulating. The mission of Hourglass is to elevate Web 3.0 by incubating projects that bridge the crypto space with mainstream entertainment, popular apps, major retail brands, and large-scale real-life events.
Hourglass is a partner in producing “The Next Crypto Gem” TV show, which brings the fast-paced world of cryptocurrency to a mainstream television audience for the first time.
Total Supply: 100,000,000 WAIT
Official Website | Block Explorer | Twitter | Telegram | Whitepaper
How to join Kickstarter:
Users can stake MX tokens to participate in voting and stand a chance to win free project airdrops. The maximum amount of MX you can commit depends on the MX balance in your Spot Wallet at the snapshot time (MEXC will take a random snapshot of users’ MX holdings during the snapshot period).
Details are as follows:
1. Registration Eligibility: Hold at least 1000 MX or more for 5 consecutive days before 2023-03-28 16:00 (UTC)
2. Voting Period: 2023-03-29 06:00 to 2023-03-29 11:50 (UTC)
3. Estimated Trading: 2023-03-29 15:00 (UTC)
4. Deposit: Opened
5. Voting Link: https://www.mexc.com/sun/assessment
6. Airdrop Details:
- Reward Pool: 145,500 WAIT
- Price: 0 USDT (Reference Price: $0.3452)
7. Voting Token: MX
8. Requirements: 1,000 ≤ MX ≤ 500,000
9. Rules: The tokens used for voting will be temporarily locked during the event period and will be unlocked within an hour once the event concludes. Users can vote as many times as they wish before the voting period ends.
10. Rewards: The airdrop rewards will be distributed proportionally within an hour according to users’ total votes once the event concludes.
11. MX locked in Launchpool or Kickstarter during the snapshot period will not affect the snapshot MX holdings.
12. The reward allocation will be distributed in proportion based on your effective committed MX quantity as shown by the table below:
| Committed Quantity | Commitment Coefficient |
| 1,000 ≤ X < 3,000 | 1 |
| 3,000 ≤ X < 5,000 | 1.05 |
| 5,000 ≤ X < 10,000 | 1.1 |
| 10,000 ≤ X < 20,000 | 1.15 |
| 20,000 ≤ X < 100,000 | 1.2 |
| 100,000 ≤ X < 500,000 | 1.25 |
Effective committed MX amount of current user = committed MX amount * MX Multiplier
User's rewards = committed MX amount of the current user / committed MX amount of all users * total prize pool
For example, User A participated in Kickstarter Campaign & committed 6000 MX, thus the reward calculation would be：
User A's rewards = (6000 MX*1.1) / (100,000,000*1.1) * 145,500 WAIT
The more MX you hold, the more airdrop rewards you get!
For more details, please visit the Kickstarter page
Terms & Conditions:
- Market-making & project party account is not eligible to participate in the campaign.
- Staked tokens will be refunded once the event concludes. No fees will be required for participation in the Kickstarter event.
- Users participating in this event must complete the required KYC verification before the end of the event to be deemed eligible for the rewards.
- MEXC has the final interpretation right of this event.
Risk Reminders
Users are strongly advised to do their own research before participating. Nothing herein shall be construed as 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.
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Enjoy trading on MEXC.
The MEXC Team
25 March 2023
