The StreamCoin Team To Launch A MX DeFi Mining Session On MEXC Global
The StreamCoin team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 53,333 STRM up for grabs!
Users can stake their MX and STRM to earn a liquidity yield of STRM over 4 days.
Specific details are as below.
- Event starting time: 2022-05-06 04:00 (UTC)
- Staking period: 2022-05-06 04:00 – 2022-05-09 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 42,666 STRM liquidity yield (80% of the yield pool)
STRM: no hard cap; a total of 10,667 STRM liquidity yield (20% of the yield pool)
- Participation method:
Web: Log in to the MEXC official website – Find “Earn” on the Navigation Bar – Click “MX DeFi” to enter the event page — Select “Staking”
APP: Find “MX DeFi” on the homepage to enter the event page – Select “Staking”
- 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 STRM, the yield supply of T day is 10,666.5 STRM 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) * 10,666.5 STRM = 213.33 STRM
Note:
- Entry standard: 10 MX, 10 STRM
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user’s account the next day.
About StreamCoin
StreamCoin (STRM) is the Governance Mainnet Coin emerging as a token for the StreamCoin ecosystem. It is currently running on the Binance Smart Chain (BSC) using the BEP-20 standard and will be migrated to the Mainnet following the release of Stream Chain (Mainnet 2.0). Users will be able to utilize STRM for yield farming, sending donations, node forming, and other uses in the future.
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.
