Kaizen Finance Team To Launch A MX DeFi Mining Session On MEXC Global
The Kaizen Finance team will launch a session of “MX DeFi” to enable mining on KZEN tokens from May 03 to May 05.
Throughout the campaign, users can stake MX and KZEN to earn liquidity yield on KZEN. The staking period will last 3 days.
Details are as follows:
- Campaign start time: 2022-05-03 14:00 (UTC)
- Staking period: 2022-05-03 14:00 – 2022-05-05 16:00 (UTC)
The total yield pool includes 366,000 KZEN tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 292,800 KZEN liquidity yield (80% of the yield pool)
- KZEN: no hard cap; a total of 73,200 KZEN 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 KZEN” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine KZEN” 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 KZEN, the yield supply of T day is 97,600 KZEN 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) * 97,600 KZEN = 1,952 KZEN
Note:
- Minimum Entry Requirement: 10 MX and 50 KZEN respectively;
- To participate in KZEN pool, users may deposit KZEN to MEXC account or buy KZEN in Spot Trading;
- 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 Kaizen Finance
Kaizen Finance is a token lifecycle management platform for token creation and management, boosting project fair launch and letting Kaizen.Finance community to invest in top-notch projects. It gives any project a no-code solution to manage tokens from point zero and right to the moon!
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.
