Notice of Adjustment to the MAX Token Holding Reward Calculation Logic

Dear MAX User,

Thank you for your continued support of the MAX Exchange. To further optimize our platform mechanisms and reward distribution process, we will be adjusting the calculation logic for "MAX Token Holding Rewards" by introducing a minimum holding threshold. The details of the change are as follows:

▍What Is Changing
Going forward, when MAXT holding rewards are settled each day, a user's holding must reach a full 1 MAXT or more (i.e. ≥ 1 MAXT) in order to be included in that day's holding reward calculation and distribution. If your holding balance is below 1 MAXT at the time of settlement, it will not be counted toward that day's reward calculation.

▍Effective Date and Applicable Schedule

• System adjustment date: The system adjustment is expected to be completed on August 26, 2026.
• First applicable date: The new rule will first apply when holding rewards are distributed on August 27.

Examples:

• If you hold 0.8 MAXT at settlement on August 26 (less than 1 full token), you will not receive a holding reward on August 27.
• If you hold 1.5 MAXT at settlement on August 26 (greater than or equal to 1 full token), you meet the new threshold, and your reward will be calculated as normal on August 27.

Please note that the actual reward amount will be distributed based on the final calculation. For details on the calculation method, please refer to: Holding and Staking Reward Calculation and Distribution

Thank you for your understanding and support!

MAX Digital Asset Exchange