MEXC Global “MX DeFi” Yield Mining With Meda Bots
The Medacoin team will launch a session of “MX DeFi” to enable mining on MEDA tokens from January 31 to February 02. Throughout the campaign, users can stake MX and MEDA to earn liquidity yield on MEDA. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-01-31 08:00 (UTC)
- Staking period: 2022-01-31 08:00 – 2022-02-02 16:00 (UTC)
The total yield pool includes 130,000,000 MEDA tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 104,000,000 MEDA liquidity yield (80% of the yield pool)
MEDA: no hard cap; a total of 26,000,000 MEDA 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 MEDA” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MEDA” 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 MEDA, the yield supply of T day is 34,666,667 MEDA 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) * 34,666,667 MEDA = 693,333 MEDA
About MEDA
MEDA is a new cryptocurrency (BNB token) that gives videogame users the ability to manage their virtual in-game goods! Not only will the token be the native currency of the Medabots NFT Marketplace, there are five other ways in which Medacoin can be utilized.
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.
