Dear users,
To give thanks to the MUSK community, the Musk Gold team will launch a session of "MX DeFi'' to enable mining on MUSK tokens from March 23 to March 25. Throughout the campaign, users can stake MX and MUSK to earn liquidity yield on MUSK. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-23 03:00 (UTC)
- Staking period: 2022-03-23 03:00 - 2022-03-25 16:00 (UTC)
The total yield pool includes 170,000 MUSK tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 136,000 MUSK liquidity yield (80% of the yield pool)
MUSK: no hard cap; a total of 34,000 MUSK liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine MUSK” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MUSK” 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 MUSK, the yield supply of T day is 45,333 MUSK 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) * 45,333 MUSK= 906.66 MUSK
Note:
- Minimum Entry Requirement: 10 MX and 35 MUSK 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.
Risk Warning
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.
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Enjoy trading on MEXC.
The MEXC Team
22 March 2022
