MEXC Global “MX DeFi” Yield Mining With QAN Platform
“MX DeFi” – Stake MX and QANX to Earn Yield of QANX
The QANplatform team will launch a session of “MX DeFi” to enable mining on QANX tokens from March 01 to March 03. Throughout the campaign, users can stake MX and QANX to earn liquidity yield on QANX. The staking period will last 3 days. Details are as follows:
• Campaign start time: 2022-03-01 08:00 (UTC)
• Staking period: 2022-03-01 08:00 – 2022-03-03 16:00 (UTC)
The total yield pool includes 720,000 QANX tokens. Hard cap and allocation details to each staking crypto asset are as follows:
• MX: no hard cap; a total of 576,000 QANX liquidity yield (80% of the yield pool)
• QANX: no hard cap; a total of 144,000 QANX 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 QANX” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine QANX” 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 QANX, the yield supply of T day is 192,000 QANX 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) * 192,000 QANX = 3,840 QANX
Note:
- Minimum Entry Requirement: 10 MX and 100 QANX 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 QANplatform
QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform that will allow developers and enterprises to build quantum-resistant: smart-contracts, DApps, DeFi solutions, NFTs, tokens, Metaverse on top of the QAN blockchain platform in any programming language.
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.
