ELONGATE has announced a new listing on MEXC Global, a cryptocurrency exchange with a $1 billion 24 hour trading volume as of November 2021. The exchange prides itself on providing high-performance technology and facilitating mega transactions. With the recent teasers from the team, this new listing was highly anticipated within the Elongate community. MEXC has launched a kickstarter voting campaign to solidify Elongate’s place on the exchange, voting details are listed below in this article.
Founded in 2018 and based in Singapore, MEXC Global provides its users with safety and stability implemented through a multi-tier, multi-cluster system architecture. Their exchange has high liquidity to facilitate trading for over 6 million users and ensures there is enough liquidity and abundant resources.
ELONGATE Token deposits and withdraws between private wallets and MEXC will be subject to the %10 tokenomics on-chain fee. Buying, selling, or trading ELONGATE tokens within the MEXC exchange has no tokenomics on-chain fees. The decision to omit the tokenomics was voted on by the community and supported by the Elongate team, a tokenomics-free listing provides the opportunity to boost volume both on MEXC and on PancakeSwap.
Trading ELONGATE on MEXC is estimated to go live at 2021-11-25 09:00 (UTC)
Tokenomics & Fees:
- Transfer ELONGATE from Private Wallet to MEXC: %10 on-chain fee
- ELONGATE Buys, Sells, and Trades on MEXC: No tokenomics fee
- Transfer ELONGATE from MEXC to Private Wallet: %10 on-chain fee
Kickstarter Voting Campign
To vote for ELONGATE on MEXC you must stake $MX tokens in the voting pool. All staked $MX tokens will be refunded after the voting process has ended. There are no fees to participate, participants must complete KYC. The target to solidify the listing is %500 $MX staked in the voting pool.
1.Voting Period: 2021-11-25 04:30 – 2021-11-25 11:50 (UTC)
2.Estimated Trading: 2021-11-25 09:00 (UTC)
3. Deposit & Withdrawal: Opened
4. Voting Link: https://www.mexc.com/sun/assessment
5. Airdrop Details:
- Reward Pool: 640,000,000,000 ELONGATE
- Price: 0 USDT (Reference Price: $0.000000072)
6. Voting Token: MX (Voting cap: maximum 500,000 MX)
7. Requirement: Minimum 10 votes, no hard cap.
8. 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.
9. Rewards: The airdrop rewards will be distributed proportionally within an hour according to users’ total votes once the event concludes.
10. Special Reward: 500 users with total assets exceeding 1,000 USDT and who have voted in this session of Kickstarter will be selected at random to receive a 10 USDT Futures Bonus, the rewards shall be airdropped to the respective winners within 7 working days upon the completion of this event. (Note: Users must open their Futures Account before the event ends to be eligible to receive the Futures Bonus reward.)
- Target voting rate: 500%
- Voting rate = Total votes (USDT) / total value of rewards (USDT)
MEXC Exchange Resources:
Kickstarter Campaign: https://support.mexc.com/hc/en-001/articles/4410302308505-MEXC-Kickstarter-Vote-to-Win-Free-640-000-000-000-ElonGate-ELONGATE-Airdrops-
Website: https://www.mexc.com/
Fees: https://www.mexc.com/fee
Twitter: https://twitter.com/MEXC_Global
CoinMarketCap: https://coinmarketcap.com/exchanges/mxc/