MEXC Global “MX DeFi” Yield Mining With Microtuber
The Microtuber team will launch a session of “MX DeFi” to enable mining on MCT tokens from March 14 to March 16.
Throughout the campaign, users can stake MX and MCT to earn liquidity yield on MCT. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-14 10:00 (UTC)
- Staking period: 2022-03-14 10:00 – 2022-03-16 16:00 (UTC)
Hard cap and allocation details:
• The total yield pool includes 9,000,000 MCT tokens
• MX: no hard cap; a total of 7,200,000 MCT liquidity yield (80% of the yield pool)
• MCT: no hard cap; a total of 1,800,000 MCT 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 MCT” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MCT” 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 MCT, the yield supply of T day is 2,400,000 MCT 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) * 2,400,000 MCT = 48,000 MCT
Note:
- Minimum Entry Requirement: 10 MX and 750 MCT 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 Microtuber
Microtuber (MCT) is a cryptocurrency designed for the SeedBox DeFi platform and the MetaRising metaverse. MetaRising has unique social features and fun P2E game elements that ultimately aims to raise awareness for global hunger, funding of sustainable agriculture research & focus on net-zero carbon emissions.
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.
