The MoveZ team will launch a session of “MX DeFi” to enable mining on MOVEZ tokens from June 18 to June 20.

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

• Campaign start time: 2022-06-18 11:00 (UTC)
• Staking period: 2022-06-18 11:00 – 2022-06-20 16:00 (UTC)

The total yield pool includes 2,272,727 MOVEZ tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 1,818,181 MOVEZ liquidity yield (80% of the yield pool)

MOVEZ: no hard cap; a total of 454,546 MOVEZ 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 MOVEZ” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MOVEZ” 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 MOVEZ, the yield supply of T day is 606,060 MOVEZ 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) * 606,060 MOVEZ = 12,121.20 MOVEZ

Note:

• Minimum Entry Requirement: 10 MX and 250 MOVEZ 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 MoveZ 

MoveZ is based on a common everyday activity for most people: moving. We are the first team to create and implement a sustainable, working Move-to-Earn (M2E) model. By simply moving, jogging, walking, running, and swimming indoors and outdoors, users will earn IN-APP currency, which can either be donated to numerous charity organizations or cashed out for profit.

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

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