MEXC Global “MX DeFi” Yield Mining With Sportium
Sportium team will launch a session of “MX DeFi” to enable mining on SPRT tokens from February 20 to February 22. Throughout the campaign, users can stake MX and SPRT to earn liquidity yield on SPRT. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-02-20 08:00 (UTC)
- Staking period: 2022-02-20 08:00 – 2022-02-22 16:00 (UTC)
The total yield pool includes 100,000 SPRT tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 80,000 SPRT liquidity yield (80% of the yield pool)
SPRT: no hard cap; a total of 20,000 SPRT liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine SPRT” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine SPRT” 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 SPRT, the yield supply of T day is 26,666 SPRT 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) * 26,666 SPRT = 533 SPRT
Note:
- Minimum Entry Requirement: 10 MX and 12 SPRT respectively;
- If a user joins staking on day T, he/she can unlock the staking token on day T+1;
- The yield is calculated daily and will be distributed to the user’s account on the next day.
About Sportium
Sportium is a platform for officially licensed multi-sports NFTs. Sportium NFTs enable users to interact with sports in various ways including collecting, trading, playing and earning from the Sportium platform.
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.
