Kickstarter: Voting Mechanism and Token Distribution

Kickstarter: Definition and Purpose

Kickstarter is a dedicated event launched during a project's pre-release phase. The Kickstarter mechanism enables platform users to vote for their preferred projects and receive token rewards for successful participation. Its primary goal is to identify high-quality projects while providing users with benefits through token distribution.

Eligibility Requirements

To join a Kickstarter event, you must meet specific criteria. Your account needs to have completed at least one futures trade—any amount, any trading pair. Additionally, you must hold at least 5 MX for a continuous 24-hour period prior to 11:00 UTC on the day before the event begins. These requirements establish the basic qualification for program participation.

Active User Criteria

When inviting friends to the platform, only those classified as active users are eligible. An active user is defined as follows:

• User registers on the platform using your referral link or code
• They make an aggregated deposit of at least 100 USDT within seven days of their first deposit (internal transfers are excluded; eligible deposits include on-chain, P2P, or fiat purchases)
• Your referrals must complete at least one futures trade, with full order execution (no minimum amount required)
• Copy trading does not count toward futures trading qualification

Participation Process and MX Staking

Staking Tokens

Once you meet the requirements, you can stake MX during the event period. Staked MX counts toward reward calculation, but is not locked or frozen in your account. After the event ends, your actual staked amount is calculated based on the quantity staked and your qualifying level. The higher your actual staked amount, the greater your reward.

The minimum staking amount is 5 MX; the maximum is 100,000 MX. If your spot account balance falls below 5 MX at any time during the qualifying 24-hour period, you will not be eligible to participate in Kickstarter.

Referral Program and Multiplier Boost

Inviting active users is one of the most effective ways to increase your rewards. When you invite friends to register, deposit, and trade futures, your reward multiplier increases substantially. As you invite more active users, your multiplier grows, allowing you to claim a larger share of the total rewards.

The fundamental reward principle is straightforward: the more MX you stake and the more active users you invite, the greater your potential reward.

Level and Multiplier Structure

The reward system features a multi-level structure that determines your reward multiplier based on MX holdings and referral activity:

Your valid staked MX amount is calculated as follows:

Valid Staked MX = Actual Staked MX × Staking Multiplier

User rewards are determined by the following formula:

User A Reward = (User A’s Valid Staked MX / Total Valid Staked MX of All Users) × Total Prize Pool

The system snapshots the number of active referrals (valid for 30 days) and updates the level the next day. You can check your account’s current multiplier on the event page.

MX Holding and Staking Calculations

MX Holding Calculation

Your eligibility is determined by the minimum MX snapshot over a 24-hour period. The lowest value from three random daily snapshots is used. For example, if your snapshots for the day are 100 MX, 200 MX, and 300 MX, then 100 MX is your qualifying amount for that day. Snapshots are completed one day before the event, with data collected in UTC+8.

Staking Amount Determination

The amount of MX you can stake is based on the minimum spot account balance during the qualifying 24 hours:

• If your minimum MX balance drops below 5 MX at any time, your staking amount is set to 0 and you will not be eligible to participate
• If your minimum balance is between 5 MX and 100,000 MX, your staking amount equals the lowest balance observed during the 24 hours
• If your minimum balance exceeds 100,000 MX, you may stake a maximum of 100,000 MX

Note: Staking more than 100,000 MX across multiple accounts may trigger platform risk controls on those accounts.

Factors Affecting Reward Size

Personal Factors

Two personal factors directly impact your reward amount. First, your MX holdings: the more you hold, the higher your base share of rewards. Second, your referral multiplier: successfully inviting active users increases your reward in proportion to your number of qualified referrals.

Market Factors

Market-wide conditions also affect your reward. The total MX staked by all users determines your individual share—if overall staking increases, your proportional share of the prize pool may decrease. Furthermore, fluctuations in the prize pool size directly influence participant rewards.

Reward Reduction Analysis

If your Kickstarter airdrop decreases despite holding more MX, several factors may be responsible. Airdrop amounts depend on both your MX holdings and overall program dynamics. If more users stake MX, your proportional share may decline. A reduced prize pool means less for each participant. Fewer successful referrals will also lower your multiplier. If your MX holdings and referral multiplier are unchanged, a drop in airdrops typically indicates either increased overall staking or a smaller prize pool.

Result Verification and Reward Distribution

Staking Verification

You can monitor your participation in several ways. The event page displays your MX staked and valid staked amounts. The Event Details – Reward History section provides your commitment record and allows you to verify both your estimated and actual rewards based on your staked MX.

After the event, the platform publishes all participants’ valid staking data in an official announcement, ensuring full transparency in reward allocation.

Reward Distribution

Rewards are credited to your spot wallet according to platform rules. To receive rewards, your MX must be in your spot wallet; MX in other wallets is not included in the distribution.

Technical Details of Participation

Wallet Requirements

To join Kickstarter, you must hold MX in your spot wallet. MX stored in other wallets, including futures wallets or other types of accounts, is not counted and does not qualify for rewards.

Transaction History Review

You can view details of the rewards you have received for each event at any time. This information is available in the Event Details – Reward History section, which provides a complete daily record of your commitments and rewards.

FAQ

What is a Kickstarter token and what is its purpose?

A Kickstarter token is a digital asset tied to a crowdfunding project. Holders gain voting rights, participate in governance, and access exclusive project benefits, fostering active community engagement in platform growth.

How does the Kickstarter voting mechanism work? How can participants contribute to decision-making?

Token holders vote on project changes during fixed periods, shaping the project’s development. Each vote’s influence is proportional to the number of tokens held. Voting outcomes determine key management decisions and the project’s strategic direction.

How does Kickstarter distribute and issue tokens? What are the distribution rules?

Tokens are allocated based on the proportion of votes cast by each participant. Formula: (your votes / total votes) × total reward pool. Payout occurs after the project’s successful completion.

What rights and risks come with owning a Kickstarter token?

Token holders have voting rights in the distribution mechanism and participate in project governance. Risks include price volatility, potential for fraudulent projects, and regulatory changes. Returns depend on the success of the specific project.

How does the Kickstarter voting and token distribution differ from other funding platforms?

Kickstarter tokens are designed for creative project funding and use a unique community voting mechanism. Other platforms focus on blockchain and crypto with different distribution and management models.

How can I obtain Kickstarter tokens? What are the requirements for participating in a funding project?

To receive Kickstarter tokens, you must create a funding project with valid identity verification and a bank account in a single country. A credit card is required to collect funds after the project’s completion.

What role do token holders play in project governance?

Token holders actively shape key project decisions through voting. They influence protocol development, resource allocation, and strategic direction. Each token provides voting power within the governance ecosystem.

Is Kickstarter token distribution fair and transparent? How is this ensured?

Yes, Kickstarter token distribution is fair and transparent. This is achieved through a detailed whitepaper, community voting, and an open distribution process. Regular reporting and community involvement guarantee full process transparency.