Feb 15
MEXC Exchange Will Launch a Session of “MX DeFi” with NFT4Play (4PLAY)
To give thanks to the 4PLAY community, the NFT4Play team will launch a session of “MX DeFi’’ to enable mining on 4PLAY tokens from February 16 to February 18. Throughout the campaign, users can stake MX and 4PLAY to earn liquidity yield on 4PLAY. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022–02–16 03:00 (UTC)
- Staking period: 2022–02–16 03:00–2022–02–18 16:00 (UTC)
The total yield pool includes 3,600,000 4PLAY tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 2,880,000 4PLAY liquidity yield (80% of the yield pool)
4PLAY: no hard cap; a total of 720,000 4PLAY 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 4PLAY” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine 4PLAY” 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 4PLAY, the yield supply of T day is 960,000 4PLAY 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) * 960,000 4PLAY= 19,200 4PLAY
Note:
1. Minimum Entry Requirement: 10 MX and 1 4PLAY respectively;
2. If a user joins staking on day T, he/she can unlock the staking token on day T+1;
3. 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.
