MEXC Global “MX DeFi” Yield Mining With AlphaDEX
AlphaDEX team will launch a session of “MX DeFi” to enable mining on ROAR tokens from February 23 to February 25.
Throughout the campaign, users can stake MX and ROAR to earn liquidity yield on ROAR. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-02-23 03:00 (UTC)
- Staking period: 2022-02-23 03:00 – 2022-02-25 16:00 (UTC)
Hard cap and Allocation details:
• Total yield pool includes 106,665 ROAR tokens.
• MX: no hard cap; a total of 85,332 ROAR liquidity yield (80% of the yield pool)
• ROAR: no hard cap; a total of 21,333 ROAR liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine ROAR” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine ROAR” 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 ROAR, the yield supply of T day is 28,444 ROAR 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) * 28,444 ROAR= 568.88 ROAR
Note:
1. Minimum Entry Requirement: 10 MX and 10 ROAR respectively;
2. If a user joins staking on day T, he/she can unlock the staking token on day T+1;
3. The yield is calculated daily and will be distributed to the user’s account on the next day.
About Alphadex
Alphadex is an innovative decentralized AMM, Incubator, Yield Farming & NFT Launch solution powered by Ethereum.
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.
