The KOLnet team will launch a session of “MX DeFi” to enable mining on KOLNET tokens from June 29 to July 1.

Throughout the campaign, users can stake MX and KOLNET to earn liquidity yield on KOLNET. The staking period will last 3 days. Details are as follows:

• Start time: 2022-06-29 14:00 (UTC)
• Staking period: 2022-06-29 14:00 – 2022-07-01 16:00 (UTC)

The total yield pool includes 2,500,000 KOLNET tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 2,000,000 KOLNET liquidity yield (80% of the yield pool)

KOLNET: no hard cap; a total of 500,000 KOLNET 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 KOLNET” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine KOLNET” 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 KOLNET, the yield supply of T day is 666,666 KOLNET 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) * 666,666 KOLNET = 13,333.32 KOLNET

Note:

• Minimum Entry Requirement: 10 MX and 400 KOLNET 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 KOLnet

KOLnet is an innovative, KOL exclusive launchpad that allows early-stage projects to optimize their KOL (Influencer) marketing strategy by creating WEB3 Initial Marketing Offerings (IMOs). Initial Marketing Offerings (IMOs) attract micro KOLs to be rewarded in return for social media marketing incentivized by presale tokens.

Website | Twitter |

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.

Website | Twitter |

Source

The post The KOLnet Team MX DeFi Mining Session On MEXC Global appeared first on Smart Liquidity Research.