Vita Inu Will Be Launching MX DeFi Yield Mining MEXC Global
The Vita Inu team will launch a session of “MX DeFi” to enable mining on VINU tokens from March 30th to April 2nd. Throughout the campaign, users can stake MX and VINU to earn liquidity yield on VINU. The staking period will last 4 days. Details are as follows:
- Campaign start time: 2022-03-30 03:00 (UTC)
- Staking period: 2022-03-30 03:00 – 2022-04-02 16:00 (UTC)
The total yield pool includes 4,000,000,000,000 VINU tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 3,200,000,000,000 VINU liquidity yield (80% of the yield pool)
VINU: no hard cap; a total of 800,000,000,000 VINU 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 VINU” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine VINU” 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 VINU, the yield supply of T day is 800,000,000,000 VINU 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) * 800,000,000,000 VINU = 16,000,000,000 VINU
Note:
- Minimum Entry Requirement: 10 MX and 500,000,000 VINU 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 Vita Inu
Vita Inu (VINU) is the governance token of the VINU Ecosystem and is native to the Vite DAG chain. VINU is the world’s first fast, feeless (and cheeky) dog-themed coin with high TPS and smart contracts.
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.
