MEXC Will Launch a Session of MX DeFi with Concordium (CCD)

Dear users,

To give thanks to the Concordium community, the Concordium team will launch a session of "MX DeFi'' to enable mining on CCD tokens from April 18 to April 20. Throughout the campaign, users can stake MX and CCD to earn liquidity yield on CCD. The staking period will last 4 days. Details are as follows:

Campaign start time: 2022-04-13 03:00 (UTC)
Staking period: 2022-04-13 03:00 - 2022-04-16 16:00 (UTC)

The total yield pool includes 800,000 CCD tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 640,000 CCD liquidity yield (80% of the yield pool)

CCD: no hard cap; a total of 160,000 CCD 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 CCD” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine CCD” 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 CCD, the yield supply of T day is 160,000 CCD 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) * 160,000 = 3,200 CCD

Note:

Minimum Entry Requirement: 10 MX and 90 CCD 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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