The Tidex team will launch a session of “MX DeFi” to enable mining on TDX tokens from June 27 to June 29.

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

• Start time: 2022-06-27 15:00 (UTC)
• Staking period: 2022-06-27 15:00 – 2022-06-29 16:00 (UTC)

The total yield pool includes 114,118 TDX tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 91,294 TDX liquidity yield (80% of the yield pool)

TDX: no hard cap; a total of 22,824 TDX 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 TDX” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine TDX” 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 TDX, the yield supply of T day is 30,431 TDX 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) * 30,431 TDX = 608.62 TDX

Note:

• Minimum Entry Requirement: 10 MX and 14 TDX 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 Tidex

Tidex Token – is a service-based intra-exchange token that allows you to use the Tidex Exchange at the highest level by providing special features to holders. TDX is a good example of a decentralized open economy and a great way to join the Tidex ecosystem.

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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