Musk Gold “MX DeFi” Yield Mining On MEXC Global
The Musk Gold team will launch a session of “MX DeFi” to enable mining on MUSK tokens from March 23 to March 25.
Throughout the campaign, users can stake MX and MUSK to earn liquidity yield on MUSK. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-23 03:00 (UTC)
- Staking period: 2022-03-23 03:00 – 2022-03-25 16:00 (UTC)
Hard cap and allocation details:
• Total yield pool includes 170,000 MUSK tokens
• MX: no hard cap; a total of 136,000 MUSK liquidity yield (80% of the yield pool)
• MUSK: no hard cap; a total of 34,000 MUSK liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine MUSK” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MUSK” 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 MUSK, the yield supply of T day is 45,333 MUSK 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) * 45,333 MUSK= 906.66 MUSK
Note:
- Minimum Entry Requirement: 10 MX and 35 MUSK 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 MUSK
MUSK Gold is a decentralized, peer-to-peer digital asset that enables you to easily send and receive money anywhere throughout our solar system, dubbed the “Gold of the Galaxy”.
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.
