Dear MEXCers,
According to the VeChain (VET) project rules, MEXC will support the airdrops of VTHO to VET holders. The VTHO will be distributed on a monthly basis, but calculated based on daily snapshots of each user’s VET balance.
Calculation Formula:
Daily VTHO for each user = User VET holdings / Total VET held on MEXC* Daily total VTHO received by MEXC
Please note:
- MEXC will take random snapshots of VET balances daily;
- VET balances under 1 VET (including those in trade orders) will not be included into the daily VTHO calculations.
- VTHO is calculated daily but distributed monthly. Distributions will be completed before the 5th of each month.
- The calculation starts from 16:00 on January 31, 2024 (UTC). The first airdrop of VTHO will be completed before March 5, 2024.
For more details, please refer to: Page 38 of VeChain Development Plan and Whitepaper.
Thanks for your support!
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Enjoy trading on MEXC.
The MEXC Team
29 February 2024