Dear XTers,
We are honored to announce that MIR(Mirror Protocol) will be listed on XT.COM. MIR/USDT trading pair will be opened in Innovation Zone. Please take note of the following go-live schedule:
- Deposit: 09: 00 on March 15, 2022 (UTC)
- Trading: 10: 00 on March 15, 2022 (UTC)
- Withdrawal: 10: 00 on March 16, 2022 (UTC)
Concurrently,XT.COM will hold a trading competition, trade to share $10,000 prize pool. Specific rules as follows:
Time Period: 10:00 March 15 — 10:00 March 30, 2022 (UTC)
Activity: Hit the Top 300, Win a Share of 10,000 USDT!
During the campaign period, the top 300 users with the highest MIR/USDT trading value (buys + sells) that reaches 1,000 USDT will share $10,000 in USDT!
The rewards will be distributed as follows:
|
Ranking |
Rewards |
|
Top 1 |
1000 USDT |
|
Top 2 |
600 USDT |
|
Top 3 |
300 USDT |
|
Top 4-10 |
100 USDT Each |
|
Top 11-50 |
80 USDT Each |
|
Top 51-100 |
60 USDT Each |
|
Top 101-300 |
6 USDT Each |
[Token MIR]
Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets.
The minting of mAssets is decentralized and is undertaken by users throughout the network by opening a position and depositing collateral. Mirror ensures that there is always sufficient collateral within the protocol to cover mAssets, and also manages markets for mAssets by listing them on Terraswap against UST.
The Mirror Token (MIR) is minted by the protocol and distributed as a reward to reinforce behavior that secures the ecosystem. With it, Mirror ensures liquid mAsset markets by rewarding MIR to users who stake LP Tokens obtained through providing liquidity. Also to incentivize users to ensure mAssets to mimic the price behavior of real-world assets, users who stake sLP Tokens obtained through shorting mAssets are rewarded with MIR. MIR is valuable as it is can be staked to receive voting privileges and to earn a share of the protocol's CDP withdrawal fees.
Mirror is a project developed and steered by its community: its markets are maintained by its own users through MIR incentives, and the protocol evolves with new ideas through democratic governance.
Website: https://mirrorprotocol.is/#/
Blockchain Browser:
ERC20: https://etherscan.io/token/0x09a3EcAFa817268f77BE1283176B946C4ff2E608
BEP20: https://bscscan.com/token/0x5B6DcF557E2aBE2323c48445E8CC948910d8c2c9
Whitepaper Link: https://docs.mirror.finance/
Notes:
Rewards will be distributed within 5 working days to winners’ XT accounts after the event.
XT reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
XT reserves the right to cancel or amend any activity or activity rules at our sole discretion.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. XT will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thank you for your support!
XT.COM Team
March 15, 2022
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.