MEXC Global “MX DeFi” Yield Mining With Gadget War
The Gadget War team will launch a session of “MX DeFi” to enable mining on GWAR tokens from March 11 to March 13.
Throughout the campaign, users can stake MX and GWAR to earn liquidity yield on GWAR. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-11 10:00 (UTC)
- Staking period: 2022-03-11 10:00 – 2022-03-13 16:00 (UTC)
Hard cap and allocation details:
• The total yield pool includes 2,000,000 GWAR tokens.
• MX: no hard cap; a total of 1,600,000 GWAR liquidity yield (80% of the yield pool)
• GWAR: no hard cap; a total of 400,000 GWAR 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 GWAR” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine GWAR” 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 GWAR, the yield supply of T day is 533,333 GWAR 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) * 533,333 GWAR =10,666 GWAR
Note:
- Minimum Entry Requirement: 10 MX and 2,000 GWAR 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 Gadget War
Gadget War is a play-to-earn game with a combination of multiple genres, built on Binance Smart Chain.
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.
