MEXC Global “MX DeFi” Yield Mining With Berry
Berry team will launch a session of “MX DeFi” to enable mining on BERRY tokens. Users can stake their MX and BERRY to earn a liquidity yield of BERRY over 3 days. There will be a total of 15,385,000 BERRY staking rewards up for grabs!
Specific details are as below:
- Event starting time: 2022-02-20 09:00 (UTC)
- Staking period: 2022-02-20 09:00 to 2022-02-22 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 12,308,000 BERRY liquidity yield (80% of the yield pool)
BERRY: no hard cap; a total of 3,077,000 BERRY 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 BERRY, the yield supply of T day is 4,102,666 BERRY 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) * 4,102,666 BERRY = 82,053 BERRY
Note:
Entry standard: 10 MX, 4000 BERRY
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 Berry
Berry project is running a Berry Store application, an online market where celebrities’ cherished items/goods and talents are available such as wedding songs and meal tickets. Those items and talents are traded by lottery and auction system, and Berry token is the in-app currency. Berry project is preparing metaverse and NFT of their celebrities.
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.
