November 11 at 16:00 (UTC), MEXC Global will officially launch the second phase of the
Launchpad event. The project is a GameFi project Genopets (GENE) from the Solana ecosystem with the Move-to-Earn mechanism. It is also the second joint project of MEXC and ByBit.
According to MEXC Global data, in the first launchpad event, the launch of the new project CropBytes (CBX) had an increase up to 3080% and the lottery winning rate was above 90%. According to the highest increase rate, the maximum revenue of a single ticket was more than 1450U.
MEXC Launchpad is MEXC’s latest benefit initiative for MX holders, which provides global users with the opportunity to invest early in project tokens at a low cost.
In this Launchpad phase, MEXC had two major upgrades. First, the user participation threshold is reduced, and only a minimum of 100 MX holdings is needed to participate in the lottery. Secondly, the allocation limit of lottery winning users with a single ticket has been increased.
According to the rules, the lottery winning users can obtain GENE at a price of 0.8USDT/ token. During the snapshot period on November 11 at 16:00 to November 16 at 15:59, the users that hold more MX tokens will have a higher lottery winning chance and a higher lottery winning number.
About GenopetsGenopets (GENE) is a Move-to-Earn NFT game based on the Solana ecosystem. Players can craft free NFT animal Genopets with generative characteristics. Genopets grow and evolve based on the XP (experience value) gained by players when battling, fighting solo PvE bosses, taking the Genopet on walks, and going on after-dinner jogs.
Similar to Axie (AXS), Genopets uses a two-currency model: GENE and KI. First, GENE, like AXS, is a governance token that represents ownership in Genoverse and allows the holder to vote for future gameplay or stake GENE for a reward. KI is similar to SLP, an in-game reward token that can be used to purchase/craft habitats, accelerate Genopets’ evolutions, and other combat items.
Something worth mentioning is that Genopets recently completed a $8.3 million USD seed funding round, and received investment from Yield Guild Games, the world’s largest decentralised GameFi organization. Other participating institution includes Konvoy Ventures, Pantera Capital, Alameda Research, Solana Capital, Xoogler Ventures, Mechanism Capital and more
About MEXC GlobalFounded in April 2018, MEXC Global is a one-stop global trade compliant platform that combines spot, futures, margin, leverage ETF trading and Staking services. It has now acquired five-country compliance licenses in the United States, Canada, Australia and other regions to perform compliant operations locally.
MEXC Global is deeply invested in public blockchain ecosystem projects like Ethereum, Polkadot, and Solana, as well as DeFi, NFT, Layer2, Metaverse, GameFi, DAO, etc. Currently, hundreds of projects launched on the platform first before getting listed on Binance and Coinbase.
In October this year, MEXC Global announced a strategic partnership with ByBit, a futures trading platform, to better serve global users by combining advantages in spot and futures.
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