MEXC Global Launching “MX DeFi” With Fidira
MEXC will launch a “MX DeFi” Session to enable mining on Fidira FID tokens from December 5 to December 7.Throughout the campaign, users can stake MX and BIT to earn liquidity yield on FID. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2021-12-5 02:00 (UTC)
- Staking period: 2021-12-5 02:00 – 2021-12-7 16:00 (UTC)
The total yield pool includes 200,000 FID tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 120,000 FID liquidity yield (60% of the yield pool)
BIT: no hard cap; a total of 80,000 FID liquidity yield (40% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine FID” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine FID” to join
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 FID, the yield supply of T day is 40,000 FID 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) * 40,000 FID = 800 FID
About Fidira
Fidira is developing a distribution portal for NFT projects. We are the picks and shovels of the NFT gold rush, enabling partners access to a scale of global crypto onboarding of new users never seen before through our global gift card distribution 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:
MExX Medium
