MEXC Global “MX DeFi” Yield Mining With Crypto Inu
“MX DeFi” – Stake MX and ABCD to Earn Yield of ABCD
The Crypto Inu team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 375,000,000,000 ABCD up for grabs!
Users can stake their MX and ABCD to earn a liquidity yield of ABCD over 3 days. Specific details are as below.
- Event starting time: 2022-02-26 10:00 (UTC)
- Staking period: 2022-02-26 10:00 – 2022-02-28 16:00 (UTC)
- Staking tokens and yield allocation:
• MX: no hard cap; a total of 300,000,000,000 ABCD liquidity yield (80% of the yield pool)
• ABCD: no hard cap; a total of 75,000,000,000 ABCD liquidity yield (20% of the yield pool)
- Participation method:
• Web: Log in to the MEXC official website – Find “Earn” on the Navigation Bar – Click “MX DeFi” to enter the event page — Select “Staking Now”
• APP: Find “MX DeFi” on the homepage to enter the event page – Select “Staking Now”
- 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 stake 10,000 MX to earn ABCD, the yield supply of T day is 100,000,000,000 ABCD for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, User A can earn a yield of:
(10,000 / 500,000) * 100,000,000,000 ABCD = 2,000,000,000 ABCD
Note:
- Entry standard: 10 MX, 200,000,000 ABCD
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user’s account the next day.
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.
