MEXC Global “MX DeFi” Yield Mining With Covid Doge
The Covid Doge community, the Covid Doge team will launch a session of “MX DeFi” to enable mining on COVIDDOGE tokens from March 11 to March 13.
Throughout the campaign, users can stake MX and COVIDDOGE to earn liquidity yield on COVIDDOGE. The staking period will last 3 days.
Details are as follows:
- Campaign start time: 2022-03-11 14:00 (UTC)
- Staking period: 2022-03-11 14:00 – 2022-03-13 16:00 (UTC)
Hard cap and allocation details:
• The total yield pool includes 723,200 COVIDDOGE tokens
• MX: no hard cap; a total of 578,560 COVIDDOGE liquidity yield (80% of the yield pool)
• COVIDDOGE: no hard cap; a total of 144,640 COVIDDOGE 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 COVIDDOGE ” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine COVIDDOGE ” 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 stake 10,000 MX to earn COVIDDOGE, the yield supply of T day is 192,853 COVIDDOGE 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) * 192,853 COVIDDOGE = 3,857 COVIDDOGE
About Covid Doge
The COVID-19 pandemic is the greatest health crisis of our time. It has killed more than 5 million people, destroyed livelihoods and shut down entire economies. We are thinking about whether we can do our contribution to fight COVID-19, after weeks of careful discussions, we decided to launch a cryptocurrency that belongs to COVID-19 and donate all the proceeds to the world For all those who need supplies, the name of this cryptocurrency is: COVID Doge.
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.
