MEXC's ADI Carnival runs to Nov 9

MEXC opened a new spot campaign yesterday called the ADI Carnival. It runs from Oct 26, 10:00 UTC to Nov 9, 10:00 UTC, so about two weeks, and the prize pool is $50,000 paid in ADI. You register on the event page, finish missions to earn spin tickets, and each spin on the Lucky Wheel can pay up to $100 in ADI.

How the tickets and rewards work

• Daily spot challenge: trade at least $200 of ADI in a day to earn spin tickets, up to 6 tickets per day, for up to 6 days.
• Extra trading reward: reach $20,000 of cumulative ADI spot volume for an extra airdrop of up to $100 in ADI. It's paid after the event, based on the highest tier you reach, and the tiers don't stack.
• New users only: $5 in ADI for a first deposit of at least $100, or for $100 in net deposits within 7 days of the first deposit held for at least 1 day.

What the ADI/USDT market looks like right now

Pulled from MEXC's public spot data around 11:50 AM ET:

• Last price 8.0581, with the last 24h between 8.0382 and 8.0723, so a range of only about 0.4%.
• The last five daily candles all closed between 8.04 and 8.08, and the four full days before today traded roughly 0.96M to 1.15M USDT each.
• The best bid was 8.0549 and the best ask 8.065, a spread of about 0.13%.
• The top of the book is thin. The best bid held only 12.48 ADI (about $100), and the top 20 bid levels added up to roughly 122 ADI, or just under $1,000.

Trading impact

This is a volume campaign on a quiet, tightly ranged pair, so your main cost is the spread, not the price move. Crossing the spread costs roughly half of it each time, about 0.07% at today's quotes. On the $200 daily task, that's about 13 cents per side, which is small next to a spin that can pay up to $100. On the $20,000 tier, the same math comes to around $13 to $14 of spread before any trading fees, against an airdrop that tops out at $100.

The thin book matters more than the headline. A market order much bigger than about $1,000 will walk several bid levels, and the asks get noticeably heavier above 8.10. If you're farming the volume tier, use limit orders near the touch, split size into small clips and avoid stacking market orders at the same moment as everyone else doing the daily task.

The flat range cuts both ways. It keeps round trips cheap, but a campaign-driven volume spike can widen the spread fast, so check the book before each batch rather than assuming today's 0.13% will hold.

For broader context, BTC was trading near 80,600 on MEXC spot at the same time, inside a 79,523 to 80,752 day, so there's no big market move pushing alt spreads wider right now.