MEXC Global “MX DeFi” Yield Mining With Alpha Quark
Alpha Quark Token team will launch a session of “MX DeFi” to enable mining on AQT tokens from February 10 to February 12. Throughout the campaign, users can stake MX and AQT to earn liquidity yield on AQT. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-02-10 06:00 (UTC)
- Staking period: 2022-02-10 06:00 – 2022-02-12 16:00 (UTC)
The total yield pool includes 7,488 AQT tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 5,990 AQT liquidity yield (80% of the yield pool)
AQT: no hard cap; a total of 1,498 AQT 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 AQT” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine AQT” 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 AQT, the yield supply of T day is 1,996.67 AQT 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) * 1,996.67 AQT= 39.93 AQT
Note:
- Minimum Entry Requirement: 10 MX and 2 AQT 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 Alpha Quark
Alpha Quark is a blockchain project which deals with intellectual property based NFT(Non-Fungible Token) and metaverse. Alpha Quark provides a new service where users can mint, promote, and trade valuable NFT items related to intellectual properties such as music copyright, music master right, webtoon copyright, movie copyright by liquidating the intellectual property asset class and generate a new market where users can easily have accesses to valuable digital asset. Alpha Quark will provide metaverse experience for users and marketplace service so that Alpha Quark token can be used as utility token.
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.
