Two major players in the cryptocurrency space, the Aptos Foundation and the MEXC exchange, have announced a joint campaign featuring a substantial prize pool. This initiative is designed to engage both new and experienced users with a series of events centered around the APT token.
The campaign offers multiple ways to participate, from simple trading to more involved staking and futures activities, all with the goal of lowering the barrier to entry and providing value to the community. The headline incentive is a massive prize pool, creating significant buzz around the Aptos ecosystem.
Key Event Details and Participation Methods
The collaborative effort is structured around three main events, each catering to different types of users and strategies.
Zero-Fee Trading and Withdrawals
For a limited time, users can trade and move assets without the burden of standard network costs.
- Event Period: The zero-fee window is available from October 21, 2024, until January 20, 2025.
- How to Benefit: Throughout this period, all spot trading for the APT/USDT pair on the platform will be completely free of trading fees. Additionally, users can withdraw both APT and USDT via the APT network without incurring any withdrawal fees, making it cheaper to manage assets.
High-Yield Locked Savings Program
A staking event offers attractive annualized returns for those looking to hold their APT tokens.
- Event Period: This staking opportunity runs from October 21, 2024, to November 20, 2024.
- Prize Pool: A total of 130,000 APT tokens have been allocated for rewards.
Participation Tiers:
- Existing Users: Can stake APT for a 30-day fixed term and earn a 10% APR, with a maximum staking limit of 500 APT per user.
- New Users: Are eligible for an enhanced rate of up to 20% APR on a 30-day fixed term, with a maximum staking limit of 200 APT per user.
- Rewards are distributed on a first-come, first-served basis until the total prize pool is depleted.
Futures Trading Bonus Challenge
This event is tailored for traders interested in the futures market, offering bonus rewards for achieving specific trading volumes.
- Event Period: The futures challenge takes place between October 21, 2024, and November 4, 2024.
- Prize Pool: A total of 200,000 USDT in futures bonus vouchers is up for grabs.
How to Qualify:
- The first 3,000 eligible users who generate an APT futures trading volume of at least 50,000 USDT will share a pool of 100,000 USDT.
- The first 10,000 new users who trade APT futures for the first time and achieve a minimum volume of 10,000 USDT will each receive a 10 USDT futures bonus.
These structured events provide a clear pathway for users to engage with the Aptos ecosystem, whether they prefer holding, spot trading, or leveraged positions. For a comprehensive guide on all the mechanics and rules, you can 👉 explore the official campaign portal.
Understanding the Participating Projects
What is the Aptos Network?
Aptos is a Layer 1 blockchain designed with a focus on scalability, security, and user experience. Its core innovation is the Move programming language, which was built specifically for secure digital asset management. The APT token is the native currency of this ecosystem, used for paying network fees, participating in governance, and earning staking rewards.
What is the MEXC Exchange?
MEXC is a global cryptocurrency exchange known for its extensive list of tradable assets and high liquidity. Since its founding in 2018, it has grown to serve a large user base with a platform that emphasizes low trading fees and rapid listing of new tokens. It provides a suite of services including spot, futures, and staking products, supported by 24/7 customer service.
Frequently Asked Questions
What is the total value of the prize pool?
The cumulative value of the prizes is approximately 1.5 million USDT. This includes 130,000 APT tokens allocated for staking rewards and an additional 200,000 USDT in futures trading bonuses.
Who is eligible to participate in these events?
Both new and existing users of the platform are encouraged to participate. Certain events, like the enhanced staking APR, have exclusive tiers specifically designed to welcome new users to the ecosystem.
Are there any risks involved in participating?
As with any cryptocurrency-related activity, there are inherent risks. The value of APT and other digital assets can be volatile. Participation in staking or trading should be based on your own research and risk assessment. The promotional rewards are separate from any market gains or losses.
How are the staking rewards distributed?
Staking rewards for the 30-day locked savings event are distributed on a first-come, first-served basis. Once the total prize pool of 130,000 APT is fully allocated, the event will conclude.
What happens if I withdraw my staked APT early?
The event specifies a 30-day locked term to earn the promoted APR. Early withdrawal would likely result in a forfeiture of the promised rewards, though users should consult the official event terms for precise details.
Do I need to complete KYC to join?
While specific KYC requirements can vary by region, most cryptocurrency exchanges require some form of identity verification to participate in full trading and earning activities. It's best to check the platform's current policies.