MEXC Global Launching A New “MX DeFi” With GEOPOLY
GEOPOLY team will launch a session of “MX DeFi” to enable mining on GEOS tokens from December 16 to December 18. Throughout the campaign, users can stake MX and GEOS to earn liquidity yield on GEOS. The staking period will last 3 days. Details are as follows:
Campaign start time: 2021-12-16 02:00 (UTC)
Staking period: 2021-12-16 02:00 – 2021-12-18 16:00 (UTC)
The total yield pool includes 600,000 GEOS tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 480,000 GEOS liquidity yield (80% of the yield pool)
GEOS: no hard cap; a total of 120,000 GEOS liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine GEOS” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine GEOS” 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 GEOS, the yield supply of T day is 160,000 GEOS 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) * 160,000 GEOS= 3200 GEOS
About Geopoly
GEOPOLY is a geolocation economic simulator that allows users to rent and buy, upgrade and sell real-life businesses all around the world.
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.
