Coinghost To Launch A MX DeFi Mining Session On MEXC Global
The COINGHOST team will launch a session of “MX DeFi” to enable mining on COINGHOST tokens from April 19 to April 21. Throughout the campaign, users can stake MX and COINGHOST to earn liquidity yield on COINGHOST. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-19 07:00 (UTC)
- Staking period: 2022-04-19 07:00 – 2022-04-21 16:00 (UTC)
The total yield pool includes 187,500 COINGHOST tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 150,000 COINGHOST liquidity yield (80% of the yield pool)
- COINGHOST: no hard cap; a total of 37,500 COINGHOST 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 COINGHOST” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine COINGHOST” 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 COINGHOST, the yield supply of T day is 50,000 COINGHOST 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) * 50,000 COINGHOST = 1,000 COINGHOST
Note:
- Minimum Entry Requirement: 10 MX and 30 COINGHOST 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 Coinghost
Coinghost is a portal, a portal blockchain & crypto portal in Korea. Coinghost started of with a big mission, a mission to cleanse the crypto industry.
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.
