With DeFi Dominant the Market, An Important Part of the DeFi Ecosystem, WGRT, Is Coming for the 11th Session M-Day Program
Many people say that the “Bitcoin bull market is coming.”
MXC Global spot trading data show that Singapore time on July 27, 2020, 09: 15, BTC reached USD 10,000 for the first time since the second half of 2020. ETH rose by 52.3% from July 20.
The approaching of ETH 2.0, the launch of DOT, and the growth of total Value Locked (TVL) in DeFi are evidence that cryptocurrency bull market may come.
As in the first half of 2019, many people believed that the bull market was caused by the growth of TVL in DeFi.
According to the latest data from DEFIPULSE, TVL in DeFi surged 44.48% in just one week, exceeding USD 3.67 billion. CoinGecko data show that the current total market capitalization of DeFi projects have reached USD 751 million. This includes both well-known old DeFi projects, such as Maker, Uniswap decentralized lending agreements, as well as this year’s Compound, Oikos.
The article Total Value Locked (TVL) in DeFi Exceeds USD 2.54 Billion with MXC Global as the Major Trading Platform for DeFi says that according to incomplete statistics, at present, there are at least 34 DeFi projects supported by MXC Global, including both old and newly launched DeFi projects this year.
In the past 4 months, MXC exchange has listed STONK, OKS (Oikos), DF (dForce Network), BAL (BalancerPool), ALEPH (Aleph.im), DMG (DMG), NEST (NETS Protocol), RUNE (THORChain), UMA (UMA), AVA (Aava). The highest increase amount after listing was from 166.6% to 4900%, with 8 of their highest increase amounts all above 600%.
It is no exaggeration to say that MXC Exchange’s attention reflects whether the project is popular. MXC exchange listed hot DeFi tokens on M-Day, Assessment Zone, and Innovation Zone. MXC Global seems never to be absent from popular innovative projects.
- WGRT, the Project for the 11th Session M-Day Program Opens for Ticket-Claim from July 29, 9:00(UTC+8)
M-Day Program is a series of activities held on MXC Global for mainstream crypto traders/holders, MX token or margin traders.
Recently, M-Day began to search quality innovative projects, such as the DeFi projects.
WGRT, the governance coin supported by WaykiChain’s decentralized lending platform. The platform provides decentralized collateral lending services for users worldwide.
Users can claim for the lottery from 09:00–17:00, July 29.
In the previous 10 programs of the former 9 sessions, the top three projects with the highest returns reached 9826.56%, 2144.89%, and 416.89% respectively. Other projects’ returns also reached 97.6% — 400%.
For this session, the sales amount is 3,400,000 WGRT. The amount of USDT required for exchange of WGRT = Number of winning tickets* 4,000 WGRT* 0.00595 USDT (1 winning ticket = 4,000 WGRT). Winners can gain at most 20 tickets.
2. How to Participate?
(1) On the website, click “M-Day” on the menu bar of https://www.mxc.com/, then click “Join”.
(2) On the phone App, click “More Activities”, then click “Join”.
Note: ticket-claim can only be done during 09:00–17:00, July 29.
Draw result will be released at 19:00 (UTC+8), July 29. Participants can visit MXC M-Day page to check whether get the lucky number or not.
USDT will be used for the exchange of the WGRT tokens the participants have won. The exchange will be made at 19:30 (UTC+8), July 29.
Therefore, winners shall have enough USDT balance (exclude the pended/frozen USDT) to exchange WGRT token before the time thereof. Otherwise, it will be deemed that the participant gives up the chance by itself.
The amount of USDT required for exchange of WGRT= Number of winning tickets* 4,000 WGRT* 0.00595 USDT (1 winning ticket = 4,000 WGRT).
3. Eligibility
Participation rules have been simplified. Qualified holders of USDT and margin traders can all join this session.
(1) Holders of USDT with holding amount no less than 5,000 are eligible.
(2) Margin traders with trading volume no less than 5,000 USDT in 3 days prior to the end of the ticket-claim time (i.e. 13:00, July 27–17:00, July 29 (UTC+8)) are eligible.
Users are eligible to claim for the lottery if meet anyone of the above 2 conditions. Participants who haven’t got any winning tickets in the draw can share the participation prize pool in proportion to the number of losing tickets respectively.
USDT holders can join the program with almost no-cost. Also, USDT holders and margin traders are both eligible, which is easier and simpler than before.
In addition, users whose minimum position of MX token during 12:00, July 28–12:00, July 29 (UTC+8) meet the requirement specified in the form below can enjoy the additional number of tickets.
4. Procedures
(1) Eligibility: Users can claim a number of tickets based on the USDT position or margin trading volume between July 27 13:00 — July 29 17:00 (UTC + 8).
(2) Ticket-claim time: 09:00–17:00 (UTC+8), July 29. (Eligible users can claim the lottery ticket during the period. The ticket number is ranged from 00001 to 99999).
(3) Draw result will be released at 19:00 (UTC+8), July 29. Participants can visit MXC M-Day page to check whether get the lucky number or not.
(4) Settlement: USDT will be used for exchange of the WGRT tokens the participants have won. The exchange will be made at 19:30 (UTC+8), July 29. Therefore, winners shall have enough USDT balance (exclude the pended/frozen USDT) to exchange WGRT token before the time thereof. Otherwise, it will be deemed that the participant gives up the chance by itself.
The amount of USDT required for exchange of WGRT=Number of winning tickets*4,000 WGRT*0.00595 USDT (1 winning ticket = 4,000 WGRT).
(5) Method: users claim the lottery independently. Once winning the lottery, the system will automatically complete the asset exchange for users. It is deemed to agree to the asset exchange when clicking the “join” button.
