RACA on MEXC Margin Trading, API Trading & PoS Saving

This will give users better trading experience and meet their diversified trading needs.

API for RACA

MEXC has activated API for RACA, users are able to view the market and trade automatically via the API connection.

RACA/USDT on Margin Trading

Launching Time: 2021-08-20 17:00 (UTC)

MEXC is launching RACA/USDT on Margin Trading with 4x leverage long and short available. The daily loan fee rate for buying long is 0.05%. The daily loan fee rate for selling short is 0.2%.

RACA on PoS Saving

RACA is now added into PoS Savings. Details are as follows:

1. Minimum amount of 1,000 RACA required to participate.
2. The estimated annualized yield rate is 3% and it will be adjusted according to the actual revenue of the PoS Pool.
3. RACA tokens will be used for yield calculation. Daily yield = RACA position * (APR / 365).
4. Yield will be generated 1 day after joining RACA PoS Saving.
5. A snapshot of users’ RACA position will be taken at a random time daily. The minimum position of the day will be used for settlement.
6. Users are not required to freeze their assets, so trading or withdrawal are available at any time.
7. Users can choose to cancel PoS Savings at any time. Yield will be settled 1 day before the day of cancellation.
8. Participation method: Website: On menu bar, look for [Finance – PoS Pool] – [Flexible] – Find “RACA” to join. App: On the middle menu bar, tap [PoS] – [Saving] and look for “RACA” to join.

Source

https://helpcenter.mexc.la/hc/en-001/articles/4405202654105