MX Exclusives: Kickstarter, Ecosystem & Event Announcements

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, TENET（TENET）. About TENET（TENET）Tenet is a DeFi focused EVM Layer-1 bringing liquidity and yield opportunities to LSDs(liquid staking derivatives). Tenet allows LSDs to re-stake to its network and be used in Tenet's DeFi Ecosystem by utilizing a new consensus mechanism called Diversified PoS. This allows LSDs like stEth to participate in validation, making it the most secure blockchain ever created. Total Supply: 1,200,000,000 TENET <a href="https://tenet.org/" style="text-decoration:none"><span style="font-size:11pt;font-family:'inter' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;vertical-align:baseline">Website</a> | <a href="https://tenetscan.io/" style="text-decoration:none"><span style="font-size:11pt;font-family:'inter' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;vertical-align:baseline">Block Explorer</a> | <a href="https://twitter.com/tenet_org" style="text-decoration:none"><span style="font-size:11pt;font-family:'inter' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;vertical-align:baseline">Twitter</a> | <a href="https://t.me/TENETPublicChat" style="text-decoration:none"><span style="font-size:11pt;font-family:'inter' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;vertical-align:baseline">Telegram</a> | <a href="https://docs.tenet.org/" style="text-decoration:none"><span style="font-size:11pt;font-family:'inter' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;vertical-align:baseline">Whitepaper</a> 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. <a href="https://support.mexc.com/hc/en-001/articles/16973927036185" style="text-decoration:none"><span style="font-size:11pt;font-family:'inter' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;vertical-align:baseline">Registration Eligibility</a>: Hold at least 1,000 MX or more for 15 consecutive days before 2023-05-23 16:00 (UTC)2. Deposit: Opened3. Voting Period: 2023-05-24 6:00 to 2023-05-25 5:50 (UTC)4. Estimated Trading: 2023-05-25 8:00 (UTC)5. Withdrawal: 2023-05-26 8:00 (UTC)6. Voting Link: <a href="https://www.mexc.com/sun/assessment" style="text-decoration:none"><span style="font-size:11pt;font-family:'inter' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;vertical-align:baseline">https://www.mexc.com/sun/assessment</a>7. Airdrop Details: <ul style="margin-top:0;margin-bottom:0"><li style="list-style-type:disc;font-size:11pt;font-family:'ibm plex sans' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Reward Pool: 150,000 TENET</li><li style="list-style-type:disc;font-size:11pt;font-family:'inter' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Price: 0 USDT (Reference Price: $0.3333)</li></ul>8. Voting Token: MX9. Requirements: 1,000 ≤ MX ≤ 500,00010. You can commit based on your maximum committable quantity. Successful commitments will only be used for reward calculation and your MX will not be frozen.11. Rewards: The airdrop rewards will be distributed proportionally within an hour according to users’ total votes once the event concludes. 12. You can also participate in other ongoing Kickstarter and Launchpool events after you successfully participated in this event.13. The reward allocation will be distributed in proportion based on your effective committed MX amount as shown by the table below:<div style="margin-left:0pt"><table style="border:none;border-collapse:collapse"><colgroup><col width="304" /><col width="320" /></colgroup><tbody><tr style="height:39.25pt"><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">Committed Quantity</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">Commitment Coefficient</td></tr><tr style="height:39.25pt"><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">1,000 ≤ X < 3,000</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">1</td></tr><tr style="height:39.25pt"><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">3,000 ≤ X < 5,000</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">1.05</td></tr><tr style="height:39.25pt"><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">5,000 ≤ X < 10,000</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">1.1</td></tr><tr style="height:39.25pt"><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">10,000 ≤ X < 20,000</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">1.15</td></tr><tr style="height:39.25pt"><td style="border-left:solid #1f2329 0.75pt;border-right:solid #000000 1pt;border-bottom:solid #1f2329 0.75pt;border-top:solid #000000 1pt;vertical-align:middle;padding:5pt 5pt 5pt 5pt">20,000 ≤ X < 50,000</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">1.2</td></tr><tr style="height:39.25pt"><td style="border-left:solid #1f2329 0.75pt;border-right:solid #000000 1pt;border-bottom:solid #1f2329 0.75pt;border-top:solid #1f2329 0.75pt;vertical-align:middle;padding:5pt 5pt 5pt 5pt">50,000 ≤ X < 100,000</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">1.25</td></tr><tr style="height:39.25pt"><td style="border-left:solid #1f2329 0.75pt;border-right:solid #000000 1pt;border-bottom:solid #1f2329 0.75pt;border-top:solid #1f2329 0.75pt;vertical-align:middle;padding:5pt 5pt 5pt 5pt">100,000 ≤ X < 500,000</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt">1.3</td></tr></tbody></table></div>Effective committed MX amount of current user = committed MX amount * Commitment CoefficientUser's rewards = committed MX amount of the current user / committed MX amount of all users * total prize poolFor 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 *150,000 TENETThe more MX you hold, the more airdrop rewards you get! For more details, please visit the<a href="https://www.mexc.com/sun/assessment" style="text-decoration:none"><span style="font-size:11pt;font-family:'inter' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;vertical-align:baseline">Kickstarter page</a> Terms & Conditions:<ol style="margin-top:0;margin-bottom:0"><li style="list-style-type:decimal;font-size:11pt;font-family:'inter' , sans-serif;color:#333333;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;margin-left:15pt">Market-making & project party account is not eligible to participate in the campaign.</li><li style="list-style-type:decimal;font-size:11pt;font-family:'inter' , sans-serif;color:#333333;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;margin-left:15pt">No fees will be required for participation in the Kickstarter event. </li><li style="list-style-type:decimal;font-size:11pt;font-family:'inter' , sans-serif;color:#333333;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;margin-left:15pt">Users participating in this event must complete the required KYC verification before the end of the event to be deemed eligible for the rewards.</li><li style="list-style-type:decimal;font-size:11pt;font-family:'inter' , sans-serif;color:#333333;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;margin-left:15pt">MEXC has the final interpretation right of this event. </li></ol>Risk DisclosureStart-up blockchain projects may face significant risks in operation, underlying technology, and legal and regulatory environments. Investing in such projects requires rich technique and financial knowledge to understand the inherent risks associated with blockchain start-ups. Before making any investment decisions, we recommend that you conduct thorough due diligence, evaluation, or seek advice from professional consultants.The prices of digital assets related to blockchain projects exhibit high volatility and may fluctuate due to various factors. Investing in such projects may result in significant or total investment losses. Additionally, due to underlying technology of blockchain projects or cyber attacks, you may be unable to withdraw digital assets related to blockchain projects partially or completely. When deciding whether to invest in this project, please carefully assess the risks and make a decision based on your risk tolerance. MEXC does not guarantee or compensate for any investment losses incurred by you. 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