Creo Engine Team To Launch A MX DeFi Mining Session On MEXC Global
The Creo Engine team will launch a session of “MX DeFi” to enable mining on CREO tokens from May 05 to May 07.
Throughout the campaign, users can stake MX and CREO to earn liquidity yield on CREO. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-05-05 04:00 (UTC)
- Staking period: 2022-05-05 04:00 – 2022-05-07 16:00 (UTC)
The total yield pool includes 1,250,000 CREO tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 1,000,000 CREO liquidity yield (80% of the yield pool)
- CREO: no hard cap; a total of 250,000 CREO 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 CREO” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine CREO” 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 CREO, the yield supply of T day is 333,333.33 CREO 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) * 333,333.33 CREO = 6,666.67 CREO
Note:
- Minimum Entry Requirement: 10 MX and 125 CREO 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 Creo Engine
Creo Engine is a gaming blockchain platform dedicated to game developers worldwide to launch their games, similar to how the Steam store distributes its library of games, we’ve named the platform ‘Creoverse’. Aside from Creoverse, Creo Engine also serves as a game developer aiming to provide the best gaming experience for its players, the games are developed through our in-house studio, ‘Nomina Games’.
All games under Creo Engine Ecosystem are connected through the Assets Interchangeability feature. The platform has its in-house developer tools for developers to utilize in onboarding their games to our platform as well. Creo Engine also built a marketplace and a scholarship program for every level of players.
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.
