The LOTT Team To Launch A MX DeFi Mining Session On MEXC Global

Published on: 05.05.2022
Linked Operation Transaction Technology Team

The LOTT Team will launch a session of “MX DeFi” to enable mining on LOTT tokens from May 06 to May 08. Throughout the campaign, users can stake MX and LOTT to earn liquidity yield on LOTT. The staking period will last 3 days. Details are as follows:

  • Campaign start time: 2022-05-06 12:00 (UTC)
  • Staking period: 2022-05-06 12:00 – 2022-05-08 16:00 (UTC)

 

The total yield pool includes 227,273 LOTT tokens. Hard cap and allocation details to each staking crypto asset are as follows:

  • MX: no hard cap; a total of 181,818 LOTT liquidity yield (80% of the yield pool)
  • LOTT: no hard cap; a total of 45,455 LOTT 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 LOTT” to join
  • Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine LOTT” 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 LOTT, the yield supply of T day is 60,606 LOTT 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) * 60,606 LOTT = 1,212 LOTT

Note:

  • Minimum Entry Requirement: 10 MX and 30 LOTT 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 Linked Operation Transaction Technology

Linked Operation Transaction Technology leads the global cosmetics market through the convergence of beauty market trend and 4th industrial revolution technology.

The LOTT project is trying to create a blockchain-based integrated platform where all participants can form an ecosystem with each other as follows: Establishing a cooperative system with influencers who promote and sell cosmetics directly or indirectly so that consumers and cosmetics retailers can win-win with each other, providing big data-based AI technology that can utilize VR and AR to purchase cosmetics, rewarding participants who directly purchase cosmetics, allowing sellers to issue points for consumers, etc.

Website | Twitter |

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.

Website | Twitter |

Source

 

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