[Initial Listing] MEXC Kickstarter - Vote ParallelAI (PAI) to Win Free 50,000 USDT Airdrops!

Dear MEXCers,

MEXC is thrilled to launch another session of Kickstarter, a pre-listing event on MEXC initiated by project teams where users can commit MX to support their favorite projects. This event is designed to identify high-quality projects while offering free airdrops to MEXCers!

Presenting the project for this session of Kickstarter: ParallelAI (PAI).

About ParallelAI (PAI)

ParallelAI is unleashing the power of parallel processing to slash compute times for AI developers by up to 20x. By enabling automatic parallelization of code, ParallelAI’s technology makes it faster and more efficient for AI developers to run complex tasks on GPUs and CPUs. This reduces cost and processing time by ensuring that AI applications can run tasks concurrently across multiple processing cores.

Total Supply: 100,000,000 PAI

How to Participate in Kickstarter:

Users can commit MX tokens to participate in the event and win free airdrops. The maximum quantity of MX you can commit depends on the MX balance in your spot wallet at the snapshot time (MEXC will take snapshots of users' MX holdings at random times during the snapshot period).

Details are as follows:

Participation Eligibility: Hold a minimum of 1,000 MX for 24 consecutive hours before 2024-10-06 16:00 (UTC).
Voting Period: 2024-10-07 08:00 to 2024-10-08 07:50 (UTC)
Trading: 2024-10-08 11:00 (UTC)
Deposits: Opened
Withdrawals: 2024-10-09 11:00 (UTC)
Voting Link: https://www.mexc.com/sun/assessment
Airdrop Details: 50,000 USDT
Voting Token: MX
Requirements: 1,000 ≤ MX ≤ 500,000
You can commit based on your maximum committable quantity. Tokens committed successfully will only be used for reward calculation. Your MX will not be frozen.
Rewards: The airdrop rewards will be distributed according to the participation ratio within 1 hour of the event's conclusion.
You can also participate in other ongoing Kickstarter and Launchpad events after you successfully participate in this event.
The rewards will be determined based on the amount of MX you commit and the number of valid users you bring in. The detailed rules are as follows:

Level	Requirements	Coefficient
V1	Hold ≥1,000 MX for 24 consecutive hours.	x1
V2	Invite 1 valid user.	x1.5
V3	Invite 2 valid user.	x1.55
V4	Invite 3 valid user.	x1.6
V5	Invite 4 valid user.	x1.65
V6	Invite 5 valid user.	x1.7
V7	Invite 6 valid user.	x1.75

User's Valid Quantity of Committed MX = User's Actual Quantity of Committed MX * Commitment Coefficient

To calculate the reward for User A:

User A's Reward = (User A's Valid Quantity of Committed MX / All Users' Total Valid Quantity of Committed MX ) * Total Prize Pool

The more MX you commit and the more friends you invite as valid users, the larger your share of the rewards!

Definition of a valid user:

A valid user = A user who completes their first deposit after registration (internal transfers not counted, but deposits via on-chain, P2P, or fiat are all valid), accumulates deposits of ≥ $100 within 7 days, and completes at least one futures trade.(Must complete the closure of at least one order.)

Note:

The system will take a snapshot of the number of valid invited users (valid for 30 days) and update the level the following day. Users can check their account level coefficient on the event page.

For more details, please visit the Kickstarter page.

Terms & Conditions:

Market-making & project party accounts are not eligible to participate in the campaign.
No fees are required for participation in the Kickstarter event.
Users participating in this event are required to complete KYC verification before the conclusion of the event in order to be eligible for rewards.
MEXC reserves the right of final interpretation for this event.

Risk Disclosure

Start-up blockchain projects may face significant risks in operation, underlying technology, and legal and regulatory environments. Investing in such projects requires rich technical and financial knowledge to understand the inherent risks associated with blockchain start-ups. Before making any investment decisions, we recommend that you conduct thorough due diligence, evaluation, or seek advice from professional consultants.

The prices of digital assets related to blockchain projects exhibit high volatility and may fluctuate due to various factors. Investing in such projects may result in significant or total investment losses. Additionally, due to underlying technology of blockchain projects or cyber attacks, you may be unable to withdraw digital assets related to blockchain projects partially or completely.

When deciding whether to invest in this project, please carefully assess the risks and make a decision based on your risk tolerance. MEXC does not guarantee or compensate for any investment losses incurred by you.

Enjoy trading on MEXC.

MEXC Team

2024-10-07

Read the original article at mexc

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