HUPAYX To Launch MX DeFi Yield Mining On MEXC Global
The HUPAYX team will launch a session of “MX DeFi” to enable mining on HPX tokens from April 6 to April 8.
Throughout the campaign, users can stake MX and HPX to earn liquidity yield on HPX. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-06 08:00 (UTC)
- Staking period: 2022-04-06 08:00 – 2022-04-08 16:00 (UTC)
The total yield pool includes 247,525 HPX tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 198,020 HPX liquidity yield (80% of the yield pool)
- HPX: no hard cap; a total of 49,505 HPX 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 HPX” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine HPX” 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 HPX, the yield supply of T day is 66,006 HPX 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) * 66,006 HPX = 1,320 HPX
Note:
- Minimum Entry Requirement: 10 MX and 30 HPX 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 HUPAYX
HUPAYX is an O2O hybrid blockchain-based mobile payment solution operated by THE HUMANPLUS Inc., a system integration and development company headquartered in Seoul, Korea. HUPAYX is striving to create a new economic paradigm by connecting FinTech and Blockchain & Crypto.
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.
