MEXC Global “MX DeFi” Yield Mining With Metaverse VR
The Metaverse VR team will launch a session of “MX DeFi” to enable mining on MEVR tokens from February 23 to February 25.
Throughout the campaign, users can stake MX and MEVR to earn liquidity yield on MEVR. The staking period will last 3 days. Details are as follows:
Campaign start time: 2022-02-23 15:00 (UTC)
Staking period: 2022-02-23 15:00 – 2022-02-25 16:00 (UTC)
Hard cap and Allocation details:
- Total yield pool includes 492,000 MEVR tokens.
- MX: no hard cap; a total of 393,600 MEVR liquidity yield (80% of the yield pool)
- MEVR: no hard cap; a total of 98,400 MEVR 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 MEVR” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MEVR” 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 MEVR, the yield supply of T day is 131,200 MEVR 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) * 131,200 MEVR = 2624 MEVR
Note:
Minimum Entry Requirement: 10 MX and 100 MEVR 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 Metaverse VR
Metaverse VR (MEVR) token is main token of project which will help you to get early access to projects such as presales to buy NFT’s and get early access to developed projects in the ecosystem.
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.
