ZORO INU Will Be Launching MX DeFi Yield Mining On MEXC Global
The ZORO INU team will launch a session of “MX DeFi” to enable mining on ZORO tokens from March 27 to March 29. Throughout the campaign, users can stake MX and ZORO to earn liquidity yield on ZORO. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-27 04:00 (UTC)
- Staking period: 2022-03-27 04:00 – 2022-03-29 16:00 (UTC)
The total yield pool includes 3,600,000,000,000 ZORO tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 2,880,000,000,000 ZORO liquidity yield (80% of the yield pool)
- ZORO: no hard cap; a total of 720,000,000,000 ZORO liquidity yield (20% of the yield pool)
Ways to participate:
- Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine ZORO” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine ZORO” 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 ZORO, the yield supply of T day is 960,000,000,000 ZORO 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) * 960,000,000,000 ZORO = 19,200,000,000 ZORO
Note:
- Minimum Entry Requirement: 10 MX and 660,000,000 ZORO 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 Zoro Inu
Zoro Inu is a community-controlled deflationary token. Zoro Inu’s purpose is to develop solutions that will make the cryptocurrency space safer and easier to understand for everyone.
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.
