At MEXC, there is a project called Launchpad. This project is often done by other exchanges, but it refers to the mechanism by which virtual currency projects collect funds. MEXC has many small unnamed coins, so we recommend that you act carefully when investing.
What is Launchpad?
A launchpad is a mechanism by which cryptocurrency projects raise funds. It is also a means of widely distributing newly issued virtual currency, and investors decide whether to invest in the project and decide whether to buy coins before listing. Since the coin is cheap before listing, if it rises sharply after listing, investors will make a lot of money. On the contrary, if there is a big crash, you will lose money.
Aiming for price increases after listing
After listing, the currency value may increase. In the case of MEXC, there are also minor coins, but there is a possibility that they will rise sharply and make a profit. With Launchpad, you can buy coins before they are listed, so you can start your gimmicks first. There are also users who have made a lot of money, so it is a highly recommended investment for those who want to make a big profit in one shot.
loss risk
Of course, there is also the risk of large losses. It depends on how much money you invest, but there is no guarantee that the company will go public and be successful. Therefore, it is true that some people lose a lot by making a loss. It is often said that investments should be made with surplus funds.
small investment
In the case of Launchpad, it is possible to invest from a small amount. Even if you have little funds, you may receive many tokens, so even users who don’t have much money can benefit from participating.
MX holdings
Participation condition of Launchpad is to hold at least 10 to 100MX during the specified period. Therefore, it is necessary to purchase MX by all means. MX will be a very important token in MEXC. If you want to participate in bonuses and campaigns, you should definitely have MX. This is because it is often specified as a qualification to participate.
ICO
ICO is a similar mechanism. This stands for Initial Coin Offering. ICOs have become a global problem with fraud rates exceeding 90%. This is because the number of cases of pretending to be developing and fleeing after collecting funds has increased dramatically. There are a lot of scammers who have been caught, but there are also a lot of scammers who have escaped, so it’s a big problem.
Can Launchpad prevent fraud?
Many people think that Launchpad is a scam because the scheme is similar to ICO. But an exchange-led launchpad can eliminate fraudulent projects. Therefore, from the investor’s point of view, it is a very advantageous mechanism because it can decide whether to invest after eliminating the possibility of fraud. In addition, the new virtual currency will be sold at a discounted price on the launchpad via the exchange. Users can sell out aiming for a rise immediately after listing, or wait for the development of the project and sell slowly.
How Launchpad works
How to participate in MEXC’s Launchpad will be based on the following steps. Joining Launchpad is free.
Snapshot period
Users must hold MX during this period. Users are required to hold MX tokens for 4-5 days, and the platform takes a snapshot of users’ MX token holdings, and the average minimum holding for 4-5 days is the number of investable MX tokens on Launchpad. It becomes. You can check the snapshot of your MX in the daily snapshot details of MX information under Activity.
Participation registration period
Once the snapshot period ends, the registration period begins. You must register within the period. Users simply visit the Launchpad page and press the “Join Now” button to complete their participation. Enter the MX quantity and click “Confirm” to complete registration.
air drop
Allotments will be airdropped one hour after the registration period ends. The tokens you receive are calculated and distributed as follows: (MX you voted for ÷ total MX voted for by all participants) x total supply.
Launchpad for MEXC
MEXC Launchpad must purchase coins during the event period. Please note that you cannot buy the coins of the finished project. To participate in this event, you will first need to create an account. Please refer to the article below to create an account.
After creating an account, please log in first. Select “Launchpad” from “Activity” at the top of the home screen.
The screen will transition, and the list of projects that can be invested now or has been completed will move. Wait until you can buy it and invest in the new currency.
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