MEXC Global “MX DeFi” Yield Mining With Kunci
The Kunci Coin team launch a session of “MX DeFi” to enable mining on KUNCI tokens from March 07 to March 09.
Throughout the campaign, users can stake MX and KUNCI to earn liquidity yield on KUNCI. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-07 06:00 (UTC)
- Staking period: 2022-03-07 06:00 – 2022-03-09 16:00 (UTC)
Hard cap and Allocation Details:
• Total yield pool includes 50,000 KUNCI tokens.
• MX: no hard cap; a total of 40,000 KUNCI liquidity yield (80% of the yield pool)
• KUNCI: no hard cap; a total of 10,000 KUNCI 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 KUNCI” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine KUNCI” 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 KUNCI, the yield supply of T day is 13,333 KUNCI 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) * 13,333 KUNCI = 266 KUNCI
Note:
- Minimum Entry Requirement: 10 MX and 5 KUNCI 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 Kunci
Kunci is building the next generation blockchain for mass adoption, born to support NFT Marketplace,
Metaverse, Decentralize Finance, and retail penetration. Kunci will make blockchain technology
accessible and applicable to various industries.
Kunci creates a next-generation blockchain-based ecosystem that supports Metaverse and Decentralized Finance and solves real-world problems using blockchain technology. From a blockchain evolution perspective, apart from being the base chain of choice for the NFT Marketplace, Kunci can also function as a circulation chain for various coins or heterogeneous chain tokens, and
as a free port in the blockchain world.
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.
