MEXC Global “MX DeFi” Yield Mining With MagicCraft

Published on: 12.01.2022

MEXC Global “MX DeFi” Yield Mining With MagicCraft. Users can stake their MX and MCRT to earn a liquidity yield of MCRT over 3 days.

  1. Event starting time: 2022-01-11 12:00 (UTC)
  2. Staking period: 2022-01-11 12:00 (UTC) – 2022-01-13 16:00 (UTC)
  3. Staking tokens and yield allocation:

MX: no hard cap; a total of 1,600,000 MCRT liquidity yield (80% of the yield pool)

MCRT: no hard cap; a total of 400,000 MCRT liquidity yield (20% 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 MCRT, the yield supply of T day is 533,333 MCRT 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) * 533,333 MCRT = 10,666 MCRT

About Magic Craft

Magic Craft is a Massive War and Conquest Play-To-Earn Multiplayer game launched on Binance Smart Chain, with an advanced guild system, taxes, and economy. Players may team up with each other and build clans to fight other clans on the platform.

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/4414422771737?utm_source=TwitterPost&utm_medium=TwitterMXDeFi&utm_campaign=TwitterCheck

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