Mega Prize Drop
After the massive success surrounding the permanent rollout of low-power Bitcoin mining (via Meta-X-Protocol), MXC (Meta X Connect) now delivers even more exciting developments to our ever-growing global community. One new rollout that is sure to gain a lot of attention is a Mega staking rally, rewarding all our MXC community for your loyal and continuous support to the world’s largest Data Republic network.
This Mega MXC prize drop allows literally anyone from the MXC community to get involved, whether you’re a miner or not, we welcome everyone to join and support the MXC movement. You’ll be able to do so by simply staking $MXC. In return, you’ll not only receive a healthy APY but you’ll also be able to automatically claim one of our unique, limited prizes, FREE of charge, and it’s 100% up to you on which prize you wish to claim (based upon your participation and staked amount of $MXC). So before we jump into details, let’s get to grips with the term staking and why it is essential to our MXProtocol.
What is staking?
Staking is a simple way to boost your cryptocurrency holding without having to lift a finger. You simply lock and “hodl” your funds in a cryptocurrency wallet to maintain the operation of the consensus protocol and achieve the desired liquidity for the smooth running of blockchain operations. The staking mechanism works thanks to your contributions, staking a portion of your holdings in a staking pool and, in return, receiving an additional share of tokens over time.
What are the prerequisites for the MXC mega prize drop?
To participate in the MXC mega prize drop, you must download and install the latest version of the DataDash App, as the competition will be entirely run on the app. Once you’ve downloaded the app, you need to register your DataDash account with a unique email address and secure password. We highly recommend setting up 2FA immediately after registering your account to ensure the security of your data and tokens. If you’re already registered and using the app, you can join the competition by following the instructions in the following sections.
You do not need to have a miner to be eligible; anyone can participate at their convenience. The only essential prerequisite to joining the competition is to stake the amount of $MXC based on the prize category for nine consecutive months.
The mega prize drop is divided into three different categories, based upon three unique prizes associated with each category, allowing you to participate at your ease. However, each category has only a maximum of fifty slots available and will be awarded to participants on a first-come, first-serve basis. Furthermore, the competition will only run for a maximum of two weeks, starting from 16th August 2022 until the end of the month, 31st August 2022, so for the entire month of August you have the chance (or until all prizes are all gone). Therefore, one must complete all the prerequisites and be ready to participate as early as possible to be eligible.
What are the prize categories?
The mega prize drop enables participants to stake their desired amount of $MXC for nine months to be eligible for different prize categories. The prizes are a one-time stake only, meaning that you can’t stake more than once, either to claim the same prize twice or a different category of prizes. This ensures fairness and allows everyone to participate with an equal probability of claiming a prize. Also, note that once you have selected one category of a prize, you will not be able to choose another option.
The following are the three staking tiers and associated prizes:
Category: Bronze
Winning prize: Apple AirPods 3 + 5% APY
Slots available: 50 (first-come, first-served)
Staked amount of $MXC needed: 150,000 MXC
Stake duration: 9 months
Category: Silver
Winning prize: Oculus headset + 5% APY
Slots available: 50 (first-come, first-served)
Staked amount of $MXC needed: 200,000 MXC
Stake duration: 9 months
Category: Gold
Winning prize: PlayStation 5 + 5% APY
Slots available: 50 (first-come, first-served)
Staked amount of $MXC needed: 250,000 MXC
Stake duration: 9 months
How to stake $MXC and claim your prize using the DataDash App
You can stake your $MXC as part of the Staking Rally by using the world’s best IoT app, DataDash. Please note that you will need to update your app once the contest commences.
Here are the simple steps you need to follow on your DataDash App to participate in the Staking Rally and claim your prize:
Step 1: Log in to your DataDash account. Once logged in, you will see a new pop-up stating “What’s New”. The pop-up will highlight the new Staking Rally, the prizes you can win, and how to participate via the app.
Step 2: Have a quick read of the info highlighted by the pop-up and click “Continue”. You will then be redirected to the home screen, where you will be able to see a Staking Rally banner at the top.
Step 3: There are two ways to participate in the competition. You can simply click on the banner, which takes you to the next steps, or you can click on either the wallet page or the MXC section on the home screen and then click on the stake option at the top right. That will open a pop-up at the bottom of the screen, where you can select “New Stake”. By choosing the “New Stake” option, you will be redirected to the stake page, where you will see the Mega Giveaway banner again. Clicking on that banner will take you to the same page seen under the first option.
Step 4: Once you are on the Mega Giveaway page, you will see three different prizes offered, and you can select your preferred prize from the options. You need to be fast in doing so, as there are only 50 slots available for each prize, and they are served on a first-come, first-served basis.
Step 5: Click on any of the giveaway items of your preference, which will take you to the stake page. Here you can read through all the details and prerequisites to claim your prize. If all the conditions are fulfilled, simply click “Stake”. This takes you to the details page, allowing you to confirm the staking period. Finally, click the box if you agree and click “Confirm Stake”.
Step 6: A new screen will appear, confirming your stake and transaction ID. At the bottom of the screen, you will now also see an option to claim your reward. You cannot forget this point and must claim the prize.
Step 7: To claim your prize and make sure it has been shipped to the correct address, fill out the details, including your full name, complete address, and contact number, so that your prize can be shipped properly. Once you have entered your details, just click the “Submit” button at the bottom. And that’s it — you are done! Your prize will be shipped out as soon as possible.
Step 8: Once the form is submitted, you will be redirected to the main home page. Here you will be able to check if everything was done correctly. To do so, you can simply see either the first dialogue box, highlighting the staked $MXC amount, or you can click on the staked asset next to the transaction history. There you will see all the staked amounts. Here you will also have an option to claim your prize if you haven’t claimed it yet. Just click on the red “Claim” box, which will redirect you to the detail form page; simply fill in the details and click submit.
That’s how easy it is to claim your prize, and it has never been so simple. The staked $MXC will remain locked for nine consecutive months from the day of confirmation of stake and will be released back to your DataDash Wallet after a seven-day cooling-off period along with 5% APY at the end of the staked period. This is just one of the amazing releases MXC has been working on, and many more are in the pipeline.
For more information and terms and conditions, please visit MXC.org or click here.
About MXC
Based in Berlin, Germany, the MXC Foundation is a purpose-built IoT Foundation with the mission to inspire fast, efficient, decentralized data exchanges using LPWAN, Blockchain, and Token technology. The MXC Foundation is pairing “MXC” — the pioneer IoT cryptocurrency — with advanced LPWAN technology, developing the next, vital step in the fourth industrial revolution, enabling secure, vastly scalable, lightning-fast transactions. Learn more at: www.mxc.org
For further information, media requests or comment, please MXC can be contacted directly at hello@mxc.org or via the www.mxc.org website.
