MEXC Global Launching “MX DeFi” With ArivaCoin

“MX DeFi” – Stake MX and BIT to Earn Yield of ARV

The “MX DeFi” Yield Mining is here! Users can stake their MX and BIT to earn a liquidity yield of ARV over 3 days. Specific details are as below.

  1. Event starting time: 2021-12-01 07:00 (UTC)
  2. Staking period: 2021-12-01 07:00 (UTC) – 2021-12-03 16:00 (UTC)
  3. Staking tokens and yield allocation:

MX: no hard cap; a total of 54,600,000 ARV liquidity yield (70% of the yield pool)

BIT: no hard cap; a total of 23,400,000 ARV liquidity yield (30% of the yield pool)

  1. Participation method:

Log in to MEXC website > “MX DeFi” > find relevant product to join

MEXC APP > Homepage > “MX DeFi” > find relevant product to join

  1. 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 stake 10,000 MX to earn ARV, the yield supply of T day is 18,200,000 ARV for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, User A can earn a yield of:

(10,000 / 500,000) * 18,200,000 ARV = 364,000 ARV

About ARIVA

ARIVA (ARV) has been produced for active use in global and local tourism, as well as travel networks in the near future. It runs as a fully decentralized worldwide B2C – B2B Travel & Tourism Network.

About MEXC

MXC Exchange is an exchange platform focusing on cryptocurrency assets, founded by some senior practitioner in blockchain industry and specialists from Wall Street, Japan, and Europe. MXC offers safer, smarter, and more convenient exchange services, together with selected blockchain asset, safety insurance, dedicated to building a world-leading cryptocurrency exchange platform.

Source:
https://support.mexc.com/hc/en-001/articles/4410790365721?utm_source=TwitterPost&utm_medium=TwitterMXDeFi&utm_campaign=TwitterCheck

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