MEXC Global “MX DeFi” Yield Mining With Bit.Store
MEXC Global will launch the “MX DeFi” Yield Mining with Bit.Store. Users can stake their MX and STORE to earn a liquidity yield of STORE over 3 days. Specific details are as below.
- Event starting time: 2022-01-27 10:00 (UTC)
- Staking period: 2022-01-27 10:00 to 2022-01-29 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 320,000 STORE liquidity yield (80% of the yield pool)
STORE: no hard cap; a total of 80,000 STORE liquidity yield (20% of the yield pool)
4.Participation method:
Web: Log in to the MEXC official website – Find “Earn” on the Navigation Bar – Click “MX DeFi” to enter the event page — Select “Staking”
APP: Find “MX DeFi” on the homepage to enter the event page – Select “Staking”
5.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 STORE, the yield supply of T day is 106,666.67 STORE 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) * 106,666.67 STORE = 2,133.33 STORE
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.
