MEXC Exchange Exclusive: GridZone.io (ZONE) MX Defi is Launching!
The GridZone.io (ZONE) team hosts MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 16,500 ZONE up for grabs!
“MX DeFi” — Stake MX and ZONE to Earn Yield of ZONE
Users can stake their MX and ZONE to earn a liquidity yield of ZONE over 3 days. Specific details are as below.
- Event starting time: 2022–01–24 10:00 (UTC)
- Staking period: 2022–01–24 10:00–2022–01–26 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 13,200 ZONE liquidity yield (80% of the yield pool)
ZONE: no hard cap; a total of 3,300 ZONE liquidity yield (20% of the yield pool)
- Participation method:
Log in to MEXC website > “MX DeFi” > find relevant product to join
MEXC APP > Homepage > “MX DeFi” > find relevant product to join
2.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 stake 10,000 MX to earn ZONE, the yield supply of T day is 4,400 ZONE for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, User A can earn a yield of:
(10,000 / 500,000) * 4,400 ZONE = 88 ZONE
- Entry standard: 10 MX, 10 ZONE
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user’s account the next day.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global 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.