MECX will List Game Ace Token
MEXC announced that they will list Game Ace Token (GAT) in the Innovation Zone and open trading for the GAT/USDT trading pair. In addition, they will launch the 73rd Session “MX DeFi”.
- Deposit & Withdrawal: Opened
- GAT/USDT Trading: 2021-08-02 09:00 (UTC)
The 73rd Session “MX DeFi” – Stake MX, USDT and TRX to Earn Yield GAT
MEXC will launch the 73rd “MX DeFi” Session to enable mining on GAT tokens from Aug 1 to Aug 4. Throughout the campaign, users can stake MX, USDT and TRX to earn liquidity yield on GAT. The staking period will last 4 days. Details are as follows:
1. Campaign start time: 2021-08-01 09:00 (UTC)
2. Staking period: Aug 1 – Aug 4
3. The total yield pool includes 4,600 GAT tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 2,760 GAT liquidity yield (60% of the yield pool)
- USDT: no hard cap; a total of 920 GAT liquidity yield (20% of the yield pool)
- TRX: no hard cap; a total of 920 GAT 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 GAT” to join
- b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine GAT” 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 GAT, the yield supply of T day is 690 GAT 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) * 690 GAT = 13.8 GAT
