MEXC Global “MX DeFi” Yield Mining With Tales Of Chain
The Tales Of Chain team will launch a session of “MX DeFi” to enable mining on TALE tokens from February 23 to February 25.
Throughout the campaign, users can stake MX and TALE to earn liquidity yield on MEVR. The staking period will last 3 days. Details are as follows:
• Campaign start time: 2022-02-23 12:00 (UTC)
• Staking period: 2022-02-23 12:00 – 2022-02-25 16:00 (UTC)
Hard cap and Allocation details:
• Total yield pool includes 4,000,000 TALE tokens
• MX: no hard cap; a total of 3,200,000 TALE liquidity yield (80% of the yield pool)
• TALE: no hard cap; a total of 800,000 TALE 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 TALE” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine TALE” 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 1,066,666 TALE 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) * 1,066,666 TALE = 21,333 TALE
Note:
- Minimum Entry Requirement: 10 MX and 500 TALE 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 Tales of Chain
Tales of Chain is a unique gaming ecosystem based on NFTs, which are part of the blockchain ecosystem. In the game players are able to gather exclusive collections and card decks by unpacking NFT packs and earn TALE tokens through trading, participating in tournaments, and using depositing options.
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.
