Legends of Mitra Team To Launch A MX DeFi Mining Session On MEXC Global
The Legends of Mitra team will launch a session of “MX DeFi” to enable mining on MITA tokens from May 5 to May 7. Throughout the campaign, users can stake MX and MITA to earn liquidity yield on MITA. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-05-05 15:00 (UTC)
- Staking period: 2022-05-05 15:00 – 2022-05-07 16:00 (UTC)
The total yield pool includes 400,000 MITA tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 320,000 MITA liquidity yield (80% of the yield pool)
- MITA: no hard cap; a total of 80,000 MITA liquidity yield (20% of the yield pool)
Ways to participate:
- Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine MITA” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MITA” 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 MITA, the yield supply of T day is 106,666 MITA for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, User A can earn a yield of:
(10,000 / 500,000) * 333,333.33 MITA = 2,133.32 MITA
Note:
- Minimum Entry Requirement: 10 MX and 220 MITA 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 Legends of Mitra
Legends of Mitra is an NFT merge defense game where you fight with your heroes to defend your Kingdom MITRA from the evil Horde. The stronger your strategy and defense the more rewards you will earn. The game comes with a rich storyline and a great investment opportunity for token holders and players.
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.
