MEXC Global “MX DeFi” Yield Mining With FeelCoin
The FeelCoin team will launch a session of “MX DeFi” to enable mining on FEEL tokens from March 14 to March 16.
Throughout the campaign, users can stake MX and FEEL to earn liquidity yield on FEEL. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-14 03:00 (UTC)
- Staking period: 2022-03-14 03:00 – 2022-03-16 16:00 (UTC)
Hard cap and allocation details:
• Total yield pool includes 1,850,000 FEELtoken
• MX: no hard cap; a total of 1,480,000 FEEL liquidity yield (80% of the yield pool)
• FEEL: no hard cap; a total of 370,000 FEEL liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine FEEL” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine FEEL” 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 FEEL, the yield supply of T day is 493,333 FEEL 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) * 493,333 FEEL= 9,866 FEEL
Note:
- Minimum Entry Requirement: 10 MX and 10,000 FEEL 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 FeelCoin
FeelCoin is the digital currency to touch the Metaverse and the token of exchange for Haptagram, a blockchain based network for creating, sharing, and selling novel digital experiences such as art, moments, images, NFTs, that -for the first time – can be touched and felt through a touchscreen, fusing together Touch, Sight, and Sound into a breathtaking experience, revolutionizing how the world interacts with a brand and each other.
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.
