The MARBLEX Team MX DeFi Mining Session On MEXC Global
The MARBLEX Team will launch a session of “MX DeFi” to enable mining on MBX tokens from July 1 to July 3. Throughout the campaign, users can stake MX and MBX to earn liquidity yield on MBX. The staking period will last 3 days. Details are as follows:
- Start time: 2022-07-01 05:00 (UTC)
- Staking period: 2022-07-01 05:00 – 2022-07-03 16:00 (UTC)
The total yield pool includes 3,117 MBX tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 2,494 MBX liquidity yield (80% of the yield pool)
MBX: no hard cap; a total of 623 MBX 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 MBX” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MBX” 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 MBX, the yield supply of T day is 831 MBX 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) * 831 MBX = 16.62 MBX
Note:
- Minimum Entry Requirement: 10 MX and 0.5 MBX 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 MARBLEX
MARBLEX is a project that aims to create a healthy blockchain ecosystem to return the benefits of playing Netmarble’s games to its users.
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.
