MEXC will list Cogecoin
MEXC announced that they will list Cogecoin (COGE) in the Innovation Zone and open trading for the COGE/USDT trading pair. In addition, MEXC will Launch the 74th Session “MX DeFi”
- Deposit & Withdrawal: Opened
- COGE/USDT Trading: 2021-08-05 10:00 (UTC)
The 74th Session “MX DeFi” – Stake MX, USDT and TRX to Earn Yield COGE
MEXC will launch the 74th “MX DeFi” Session to enable mining on COGE tokens from August 4 to August 7. Throughout the campaign, users can stake MX, USDT and TRX to earn liquidity yield on COGE. The staking period will last 4 days. Details are as follows:
1. Campaign start time: 2021-08-04 10:00 (UTC)
2. Staking period: August 4 – August 7
3. The total yield pool includes 15,600,000,000 COGE tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 9,360,000,000 COGE liquidity yield (60% of the yield pool)
USDT: no hard cap; a total of 3,120,000,000 COGE liquidity yield (20% of the yield pool)
TRX: no hard cap; a total of 3,120,000,000 COGE 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 COGE” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine COGE” 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 COGE, the yield supply of T day is 2,340,000,000 COGE 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) * 2,340,000,000 COGE = 46,800,000 COGE
