MEXC Global “MX DeFi” Yield Mining With SocialGood
MX DeFi” – Stake MX and SG to Earn Yield of SG
The SocialGood (SG) team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 30,000 SG up for grabs!
Users can stake their MX and SG to earn a liquidity yield of SG over 3 days. Specific details are as below.
- Event starting time: 2022-02-28 10:00 (UTC)
- Staking period: 2022-02-28 10:00 – 2022-03-02 16:00 (UTC)
- Staking tokens and yield allocation:
• MX: no hard cap; a total of 24,000 SG liquidity yield (80% of the yield pool)
• SG: no hard cap; a total of 6,000 SG 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 SG, the yield supply of T day is 8,000 SG 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) * 8,000 SG = 160 SG
Note:
- Entry standard: 10 MX, 10 SG
- 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.
- Net Deposit = Deposit – Withdrawal
- Users participating in this event must complete the required KYC verification before the end of the event to be deemed eligible for the rewards.
- MEXC reserves the right to disqualify users that are deemed to be wash trading, illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
- MEXC has the final interpretation right of the event.
About SocialGood
Users earn SocialGood (SG) Crypto Back rewards just by shopping at popular stores through the SocialGood App. There are over 1,800 stores partnered with the app, including AliExpress, eBay, Nike, and more. The app has over 1.85 million users worldwide. Users who hold their SG can earn up to 15% APY staking rewards, awarded every 6 hours.
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.
