K Pop Click Will Launching A “MX DeFi” Mining On MEXC Global
The K Pop Click Coin team will launch a session of “MX DeFi” to enable mining on KPC tokens from March 25 to March 27.
Throughout the campaign, users can stake MX and KPC to earn liquidity yield on KPC. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-25 14:00 (UTC)
- Staking period: 2022-03-25 14:00 – 2022-03-27 16:00 (UTC)
Hard Cap and Allocation Details:
• The total yield pool includes 240,000 KPC tokens
• MX: no hard cap; a total of 192,000 KPC liquidity yield (80% of the yield pool)
• KPC: no hard cap; a total of 48,000 KPC liquidity yield (20% of the yield pool)
Ways to participate:
• Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine KPC” to join
• Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine KPC” 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 KPC, the yield supply of T day is 64,000 KPC 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) * 64,000 KPC = 1,280 KPC
Note:
- Minimum Entry Requirement: 10 MX and 20 KPC 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 K Pop Click
As a space that presents communication between KPOP artists and users through KPOP-related blockchain platforms, we intend to present a new worldview of KPOP in conjunction with Metabus in the future.
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.
