MEXC Global “Mx Defi” With Starter is Now Live
MEXC Global Launched the “MX DeFi” Session to enable mining on START tokens from December 17 to December 19. Throughout the campaign, users can stake MX and START to earn liquidity yield on START. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2021-12-17 02:00 (UTC)
- Staking period: 2021-12-17 02:00 – 2021-12-19 16:00 (UTC)
- The total yield pool includes 2,300 START tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 1,840 START liquidity yield (80% of the yield pool)
START: no hard cap; a total of 460 START 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 START” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine START” 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 START, the yield supply of T day is 613 START 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) * 613 START = 12.26 START
About Starter
Starter is the leading launchpad, incubator, and investor network for businesses building on blockchain. Our ecosystem consists of team-endorsed IDOs incubated through Certified START; a self-service fully automated, decentralized fundraising platform for EVM-compatible chains; our token and liquidity locker, STARTVesting.xyz; and a fast-growing venture fund, Starter Capital.
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.
