MEXC Global “MX DeFi” Yield Mining With RankerDAO
The RankerDAO team will launch a session of “MX DeFi” to enable mining on RANKER tokens from February 23 to February 25.
Throughout the campaign, users can stake MX and RANKER to earn liquidity yield on RANKER. The staking period will last 3 days. Details are as follows:
• Campaign start time: 2022-02-23 04:00 (UTC)
• Staking period: 2022-02-23 04:00 – 2022-02-25 16:00 (UTC)
Hard cap and Allocation details:
• Total yield pool includes 200,000 RANKER tokens
• MX: no hard cap; a total of 160,000 RANKER liquidity yield (80% of the yield pool)
• RANKER: no hard cap; a total of 40,000 RANKER 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 RANKER” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine RANKER” 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 RANKER, the yield supply of T day is 53,333 RANKER 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) * 53,333 RANKER= 1,066 RANKER
Note:
- Minimum Entry Requirement: 10 MX and 10 RANKER 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 RankerDAO
RankerDAO, a Decentralized Autonomous Organization(DAO) that empowers crypto adopters to gain access to the biggest trend of blockchain-based activities from various verticals.
Within the DAO, we have Guild of Gamers who congregate around our gaming sub-guild and get the full benefits of their membership of the guild through innovative concepts taken through the emergent Social-Fi 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.
