MEXC Global “MX DeFi” Yield Mining With MetaGaming Guild
MEXC Global will launch the “MX DeFi” Yield Mining with MetaGaming Guild. Users can stake their MX and MGG to earn a liquidity yield of MGG over 3 days. Specific details are as below.
- Event starting time: 2022-02-10 13:00 (UTC)
- Staking period: 2022-02-10 13:00 – 2022-02-12 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 136,000 MGG liquidity yield (80% of the yield pool)
MGG: no hard cap; a total of 34,000 MGG liquidity yield (20% of the yield pool)
- 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”
- 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 MGG, the yield supply of T day is 45,333 MGG 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) * 45,333 MGG = 906 MGG
Note:
- Entry standard: 10 MX, 50 MGG
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user’s account the next day.
About MetaGaming Guild
MetaGaming Guild (MGG) is one of the world’s fastest growing GameFi guilds who’s on a mission to make game finance fairer for the masses. MGG buys the best Non-Fungible Tokens (NFTs) from gaming startups and rents them out to a community of players through the scholarship program. With this, MGG scholars can access games without upfront costs, access early stage game tokens like VCs, and deploy their NFTs to automated yield.
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.
