The Toncoin Team To Launch A MX DeFi Mining Session On MEXC Global
The Toncoin team will launch a session of “MX DeFi” to enable mining on TON tokens from May 20 to May 22. Throughout the campaign, users can stake MX and TON to earn liquidity yield on TON. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-05-20 06:00 (UTC)
- Staking period: 2022-05-20 06:00 – 2022-05-22 16:00 (UTC)
The total yield pool includes 18,496 TON tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 14,796 TON liquidity yield (80% of the yield pool)
TON: no hard cap; a total of 3,700 TON liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine TON” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine TON” 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 stakes 10,000 MX to earn TON, the yield supply of T day is 4,932 TON for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of:
(10,000 / 500,000) * 4,932 TON = 98.64 TON
Note:
- Minimum Entry Requirement: 10 MX and 2 TON 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 Toncoin
Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.
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.
