uPUNK x MEXC Global “MX DeFi” Session
After UPUNK’s listing, MEXC will launch the 72nd “MX DeFi” Session to enable mining on UPUNK tokens from July 28 to July 30.
Throughout the campaign, users can stake MX, USDT and UNIC to earn liquidity yield on UPUNK. The staking period will last 3 days. Details are as follows:
1. Campaign start time: 2021-07-28 10:00 (UTC)
2. Staking period: July 28 – July 30
3. The total yield pool includes 210,000 UPUNK tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 126,000 UPUNK liquidity yield (60% of the yield pool)
USDT: no hard cap; a total of 42,000 UPUNK liquidity yield (20% of the yield pool)
UNIC: no hard cap; a total of 42,000 UPUNK liquidity yield (20% of the yield pool)
4. Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine UPUNK” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine UPUNK” to join
5. Liquidity yield calculation (daily):
User’s daily yield amount = (User’s staking value / total staking value) * Yield supply of the day
For example: Suppose user A stakes 10,000 MX to earn UPUNK, the yield supply of T day is 42,000 UPUNK for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of:
(10,000 / 500,000) * 42,000 UPUNK = 840 UPUNK
What is uPUNKS?
uPUNKS is the First and Largest Collection of LarvaLabs CryptoPunks on unic.ly.
What is MEXC Global?
Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience.
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