NextEarth Will Launch A MX DeFi Mining Session On MEXC Global
The NextEarth team will launch a session of “MX DeFi” to enable mining on NXTT tokens from April 19 to April 21. Throughout the campaign, users can stake MX and NXTT to earn liquidity yield on NXTT. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-19 03:00 (UTC)
- Staking period: 2022-04-19 03:00 – 2022-04-21 16:00 (UTC)
The total yield pool includes 1,140,000 NXTT tokens. Hard cap and allocation details to each staking crypto asset are as follows:
• MX: no hard cap; a total of 912,000 NXTT liquidity yield (80% of the yield pool)
• NXTT: no hard cap; a total of 228,000 NXTT 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 NXTT” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine NXTT” 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 NXTT, the yield supply of T day is 304,000 NXTT 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) * 304,000 = 6,080 NXTT
Note:
- Minimum Entry Requirement: 10 MX and 400 NXTT 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 Next Earth
The First True Land Ownership Platform in the Metaverse. With the power of NFTs, They are building a platform for users to purchase, develop, and sell virtual land mapped onto the Earth. By combining your entrepreneurial spirit with the infrastructure, the Next Earth will create true equity at every level.
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.
