How To Make Money With MEXC Earn
What is Mexc According to coinmarketcap MEXC is the ranked in 15th spot on the exchanges ranking by trading volume. The exchange was launched on 2018 as a centralized exchange located in Seychelles. Now has around 6 million+ users and works in more than 70 countries. Some features on the about page are:
Safety and Stability
High Performance
High Liquidity
Localized Language Support
Multi Cryptocurrency Support
Launchpad Mexc launchpad is a way to raise funds from upcoming projects being launched through the mexc exchange. Investors can buy these new tokens at an early price before the official launch, getting an upper hand when it comes to trading gains. If the project pumps, the early investors might make a lot of profits just like when there’s a big ICO launch. What to know more about ICOs? check out the video at the top! The catch is that the number of tokens you can buy is limited by how many MX Tokens you are holding. Those tokens are the official exchange coin. It’s fairly common practice on large exchanges and it’s similar to the way Binance Launchpad works. The advantage is a little bit less risk because it’s harder for new projects to get listed on reputable CeFi exchanges (specific requirements) than on DEXs.
Kickstarter Kickstarter is an activity that happens during the pre-launch phase of a project where you can vote by staking tokens. There is a voting goal which is represented by the Target Voting Rate % (Percentage) and the progress towards the goal can be monitored through the Participation Rate. Once a voting goal is reached the listing process will start and you will earn free tokens for that project, plus some USDT future bonus that you can only use for futures trading. If the goal is not met, you will still get your tokens that have been used to vote. It allows mexc to vet new projects and offer users airdrop benefits.
All the events listed on Kickstarter will have a voting time and shortly after (a few hours) the token will be listed for trading (Listing Time).
M-day Lucky draw system where users need to fill certain trading and holding MX requirements to participate. Looks more like an afterthought to give a bonus to active users on the exchange, but if someone really wants to get that token then they can read all the conditions to participate. Participants will earn discount tokens if they win the draw. The two main conditions are to hold MX token (usually 10000 MX) and have a certain amount of trading volume (usually 10000 USDT) Users that don’t get any winning tickets can still participate in a sale for the remaining sale tokens.
MX-DeFi MX-DeFi MX, USDT, or other coins to earn liquidity yield new coins being listed on Mexc during the staking period. These are limited events that usually last 3-7 days, so you will need to keep your eye on them if you want to participate. You will receive the yield daily during the event. The more you stake the more you will earn and there’s a different minimum required for each event. Some of them have high APYs, despite only occurring in a short period of time. Using MX to participate is low risk since it’s the exchange's token.
MX-Zone
MX-Zone is just a section with a summary of the MX Token utility and benefits, there’s no investment product in it. Right away you can see that MX token is a ER20 token and therefore based on Ethereum and its blockchain. But it’s also a BSC and HECO cross-chain asset. Some important details listed are the total supply, how many tokens got burned last month, and how many were issued before the burn. Use cases/ Utility:
Trading Fee Deduction
New Launchpad Subscription
M-Day Event
Referral Reward
Ecological Fund
Offline Payments
Slot Auction Parachain slot auctions where you can vote on Polkadot and Kusama projects while getting some rewards. Instead of MX or USDT the voting coins here are DOT and KSM respectively and the rewards will be given in the token of the project you have voted for. Beware of the lockup periods. Funds locked can’t be accessed before that period ends.
Assessment Zone Voting Vote on your favorite project using MX Tokens and receive trading fee rewards. Your tokens will be locked until the voting finishes.
Staking Staking on an exchange is a very simple way to earn additional tokens by just holding. There are two types of pools available:
Locked staking
Flexible staking
Locked Staking You can get better APYs on locked staking, but your funds will be locked for a certain term which is the Minimum Term. There are currently 7 options for 7 tokens and the terms range from 1 to 30 days while the APY goes 1.50% up to 35%. To start you can click stake, enter the amount you want to stake, check the details, and confirm to start earning. Flexible Staking Flexible staking will generally provide lower APYs, but you only need to have a certain amount of that token on your spot wallet. So, there’s a minimum to get yield on it but you can use your funds whenever you want to and the yield will be paid out daily in the same token. There are 29 tokens available for flexible staking, and rates are between 0.254.50% not too high but not bad either.
ETH 2.0 Staking Mexc earn has a separate section dedicated to ETH 2.0 staking which will be the version of ETH where POW will be replaced by POS mechanism.
It’s a Flexible Saving option just for ETH so you don’t need to lock up funds, but you will exchange ETH for BETH token on a 1:1 ratio. So, putting in 10 ETH will give you 10 BETH. And then you can stake BETH at a 4.50% APY and earn BETH but also MX tokens.
Other Products That’s it for all the Mexc earn products but there are other interesting things you can do with the platform without trading every day. Including their ETFs where you can buy a basket of different cryptocurrencies under one fund with different fund allocations. And there’s also a copy trade section where you can replicate someone else's trades according to their ROI, Win Rate, Minimum Copy Amount, and Profit/ Loss ratio.