How to use MEXC M-Day? (Token Sale)

Understanding MEXC M-Day Mechanics

1. M-Day is a periodic token sale event hosted exclusively on the MEXC platform, designed to distribute newly listed tokens directly to eligible users through a time-bound allocation system.

2. Participation requires holding a minimum balance of MX tokens in the user’s spot wallet at the snapshot time, which occurs 24 hours prior to the M-Day launch.

3. Allocation weight is calculated proportionally based on MX holdings, with no upper cap per account—larger MX balances yield higher token entitlements.

4. Users must complete KYC Level 2 verification and maintain an active trading account to qualify for participation.

5. Tokens acquired during M-Day are subject to a staged unlock schedule: 20% is immediately available post-sale, while the remainder unlocks in four equal monthly increments.

Eligibility and Snapshot Requirements

1. The snapshot captures MX balances held across all spot wallets—including sub-accounts—without excluding staked or locked MX positions.

2. Users who transfer MX out of their wallet after the snapshot but before M-Day commencement retain full eligibility, as long as the snapshot balance remains intact at the designated timestamp.

3. Accounts flagged for suspicious activity or under compliance review during the snapshot window are automatically excluded from allocation calculations.

4. New users registering within 72 hours of the snapshot are ineligible, regardless of subsequent MX deposits.

5. MX held in futures margin wallets or savings products does not contribute to the snapshot balance unless manually transferred to a spot wallet before the cutoff.

Token Distribution and Claim Process

1. Allocated tokens appear in the user’s “Pending Claims” section within the M-Day dashboard at the exact moment the sale concludes.

2. Claiming requires manual confirmation via two-factor authentication; unclaimed allocations expire 72 hours after the sale ends.

3. Each claim triggers an on-chain transaction recorded on the native chain of the sold token, with gas fees deducted from the user’s USDT spot balance.

4. Failed claims due to insufficient USDT for gas are logged in the activity history with error codes, allowing users to retry after topping up.

5. Claimed tokens are credited directly to the user’s spot wallet and become tradable immediately upon successful on-chain confirmation.

Fee Structure and Transaction Costs

1. No platform fee is charged for participating in M-Day or claiming allocated tokens.

2. Gas fees vary depending on the underlying blockchain—Ethereum-based sales incur ETH-denominated costs, while BSC or Solana deployments use BNB or SOL respectively.

3. Users may pre-fund gas wallets in multiple supported assets, but only the native gas token of the target chain is accepted during claim execution.

4. Failed transactions due to network congestion do not consume MX balances or reduce future M-Day eligibility scores.

5. Historical gas fee data for each M-Day event is published on the official MEXC announcements page, updated hourly during active sale windows.

Frequently Asked Questions

Q: Can I participate in M-Day using MX held in Flexible Savings? A: No. MX must reside in a spot wallet at the time of snapshot. Savings-held MX is excluded from eligibility calculations.

Q: What happens if my MX balance changes between snapshot and claim? A: Balance fluctuations after snapshot have no effect. Eligibility and allocation are fully determined by the snapshot value alone.

Q: Is there a minimum MX threshold to qualify for any allocation? A: Yes. Users must hold at least 100 MX at snapshot time to receive a non-zero allocation. Balances below this threshold yield zero entitlement.

Q: Do referral bonuses or bonus MX from promotions count toward M-Day eligibility? A: Yes. All MX tokens in the spot wallet—including those received via referrals, airdrops, or campaign rewards—are included in the snapshot balance.