MEXC Global “MX DeFi” Yield Mining With AFRO MOON DOG
MEXC Global will launch the “MX DeFi” Session to enable mining with AFRO MOON DOG AMD tokens from January 16th to January 18th. Throughout the campaign, users can stake MX and AMD to earn liquidity yield on AMD. The staking period will last 3 days.
- Campaign start time: 2022-01-16 02:00 (UTC)
- Staking period: 2022-01-16 02:00 – 2022-01-18 16:00 (UTC)
The total yield pool includes 867,838,000,000 AMD tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 694,270,400,000 AMD liquidity yield (80% of the yield pool)
AMD: no hard cap; a total of 173,567,600,000 AMD 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 AMD” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine AMD” 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 AMD, the yield supply of T day is 231,423,466,666 AMD 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) * 231,423,466,666 AMD = 4,628,469,333AMD
About AFRO MOON DOG
AFRO MOON DOG started to save the lives of cute little dogs suffering on the streets, ones that are abused, and neglected. Their team is made up of members living with dogs and cannot imagine a life without them. But the reality is that there are tons of dogs that are suffering and they decided to rescue them.
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.
