Home
Announcements
KuCoin Will Support The Maxonrow (MXW) Lockup and Cash Back Program

KuCoin Will Support The Maxonrow (MXW) Lockup and Cash Back Program

11/18/2019, 09:57:30

Dear KuCoin Users,

KuCoin will support the Maxonrow(MXW) lockup and cash back program. This program will start at 00:00:00 on November 19, 2019 (UTC+8).

Rules of the Lockup and Cash Back:

  1. How to lockup: For users who hold MXW and expect to gain profit, please withdraw MXW to LOCKMXW via the withdrawal page. (Visit the MXW withdrawal page, fill in the MXW address LOCKMXW in the wallet address bar).
  2. Lockup period: Users can lock MXW from 00:00:00 on November 19, 2019 to 23:59:59 on November 25, 2019(UTC+8). The lockup period will last 30 days.
  3. Lockup limit: The minimum amount for single lockup is 200 MXW; when the total lockup amount reaches 36,000,000 MXW, the program will end ahead of schedule and users will not be able to lock their MXW.
  4. Rate of return:The annualized rate of return is 15%; During the period from 00:00:00 on November 19, 2019 to 23:59:59 (UTC+8) on November 25, 2019, users whose KCS net buying volume is more than 50 KCS can get an extra 3% annualized return besides the base return rate of 15%, up to 18% annualized return in total.
  5. Distribution of revenue: The principal and revenue will be paid after 30 days of lockup

Notice:

  1. KuCoin prohibits the use of API to withdraw MXW to LOCKMXW.
  2. The MXW sent to the lockup address cannot be unlocked in advance.
  3. KCS net buying volume: KCS purchase - KCS sale.

Risk-taking: This activity is only supported by KuCoin and the return is provided by the Maxonrow(MXW). It does not mean that the platform provides any form of guarantee or guarantee for the user to obtain the estimated income. The actual income obtained by the user is inconsistent with the estimated return, and the participating users voluntarily assume such risk. The final interpretation of this event belongs to the platform.

The KuCoin Team