MEXC Global “MX DeFi” Yield Mining With ARK
ARK team will launch a session of “MX DeFi” to enable mining on ARK tokens. Users can stake their MX and ARK to earn a liquidity yield of ARK over 3 days. There will be a total of 44,444 ARK staking rewards up for grabs!
Specific details are as below:
1. Event starting time: 2022-02-18 14:00 (UTC)
2. Staking period: 2022-02-18 14:00 to 2022-02-20 16:00 (UTC)
3. Staking tokens and yield allocation:
- MX: no hard cap; a total of 35,555 ARK liquidity yield (80% of the yield pool)
- ARK: no hard cap; a total of 8,889 ARK 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 ARK, the yield supply of T day is 11,851 ARK 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) * 11,851 ARK = 237 ARK
Note:
Entry standard: 10 MX, 10 ARK
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 ARK
ARK is a cryptocurrency and blockchain-based development platform allowing anyone to create their own fully customizable and interoperable blockchain. Reducing the industry need for Smart Contracts by using custom transactions, logic, and multiple programming languages.
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.
