MEXC Exchange Launches the “MX DeFi” Session for HOSKY Token (HOSKY)

Venus
2 min readFeb 14, 2022

To give thanks to the HOSKY Token community, MEXC Exchange launches the “MX DeFi’’ Session to enable mining on HOSKY tokens from February 13 to February 15. Throughout the campaign, users can stake MX and HOSKY to earn liquidity yield on HOSKY. The staking period will last 3 days. Details are as follows:

  • Campaign start time: 2022–02–13 02:00 (UTC)
  • Staking period: 2022–02–13 02:00–2022–02–15 16:00 (UTC)

The total yield pool includes 625,000,000,000 HOSKY tokens. Hard cap and allocation details to each staking crypto asset are as follows:

  • MX: no hard cap; a total of 500,000,000,000 HOSKY liquidity yield (80% of the yield pool)
  • HOSKY: no hard cap; a total of 125,000,000,000 HOSKY liquidity yield (20% of the yield pool)

How to participate:

Web: Log in to the MEXC official website — Find “Earn” on the Navigation Bar — Click “MX DeFi” to enter the event page — Select “Staking”

APP: Find “MX DeFi” on the homepage to enter the event page — Select “Staking”

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 HOSKY, the yield supply of T day is 166,666,666,666.667 HOSKY 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) * 166,666,666,666.667 HOSKY = 3,333,333,333.33334 HOSKY

Note:

  • Minimum Entry Requirement: 10 MX and 100,000,000 HOSKY 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: HOSKY Token (HOSKY)

Total Supply: 1,000,000,000,000,001 HOSKY

Official Website: https://hosky.io/

Block Explorer:

https://cardanoscan.io/token/a0028f350aaabe0545fdcb56b039bfb08e4bb4d8c4d7c3c7d481c235484f534b59

Discord: https://discord.com/invite/hosky

Twitter: https://twitter.com/hoskytoken

Whitepaper

Project Brief Introduction:

The PREMIERE low-quality s#!t coin doggo meme token, exclusively on the Cardano Ecosystem. We are THE s#!t, we are NOT s#!t.

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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