MEXC Will List LaunchBlock (LBP) and Launch a Session of “MX DeFi”

Dear users,

MEXC will list LaunchBlock (LBP) in the Innovation Zone and open trading for the LBP/USDT trading pair. The specific timeline is as shown below:

Deposit & Withdrawal: Opened
LBP/USDT Trading: 2022-04-30 12:00 (UTC)

Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.

To give thanks to the LaunchBlock community, the LaunchBlock team will launch a session of "MX DeFi'' to enable mining on LBP tokens from April 29 to May 01. Throughout the campaign, users can stake MX and LBP to earn liquidity yield on LBP. The staking period will last 3 days. Details are as follows:

Campaign start time: 2022-04-29 03:00 (UTC)
Staking period: 2022-04-29 03:00 - 2022-05-01 16:00 (UTC)

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

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

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

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine LBP” 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 LBP, the yield supply of T day is 666,666.66 LBP 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) * 666,666.66LBP = 13,333.33 LBP

Note:

Minimum Entry Requirement: 10 MX and 800 LBP 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.

Project Info

(This information is provided by the project team. Strictly for references only.)

Project Name: LaunchBlock (LBP)

Max Supply: 10,000,000,000 LBP

Official Website: https://launchblock.com/

Block Explorer (ERC-20): https://etherscan.io/token/0xa23c1194d421f252b4e6d5edcc3205f7650a4ebe

Twitter: https://twitter.com/launchblockcom

Telegram: https://t.me/launchblock

Medium: https://medium.com/@launchblockcom

Project Brief Introduction:

Launchblock, the decentralized Launch Pad which provides all users with the ecosystem to access early stage projects whilst maximizing the benefits of decentralized finance (De-Fi). Decreasing expense and providing significant opportunity, Launchblock is the one-stop-shop for all projects launching and users accessing a Launch Pad.

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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