The Zone Of Avoidance Team To Launch A MX DeFi Mining Session On MEXC Global
The Zone of Avoidance team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 898,000 ZOA up for grabs!
“MX DeFi” – Stake MX and ZOA to Earn Yield of ZOA
Users can stake their MX and ZOA to earn a liquidity yield of ZOA over 3 days. Specific details are as below.
- Event starting time: 2022-05-30 14:00 (UTC)
- Staking period: 2022-05-30 14:00 – 2022-06-01 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 718,400 ZOA liquidity yield (80% of the yield pool)
ZOA: no hard cap; a total of 179,600 ZOA liquidity yield (20% of the yield pool)
- Participation method:
Web: Log in to the MEXC official website – Find “Earn” on the Navigation Bar – Click “MX DeFi” to enter the event page — Select “Staking”
APP: Find “MX DeFi” on the homepage to enter the event page – Select “Staking”
- 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 stake 10,000 MX to earn ZOA, the yield supply of T day is 239,466.67 ZOA 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) * 239,466.67 ZOA = 4,789.33 ZOA
Note:
- Entry standard: 10 MX, 1,000 ZOA
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user’s account the next day.
About Zone of Avoidance
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.
