MEXC Exchange Will Launch the 51st Session of “MX DeFi” — SafeMoon (SAFEMOON)
MEXC will launch the 51st session of “MX DeFi” on 14:00 (UTC+8), April 29, 2021. Details are as below:
The 51st Session of “MX DeFi” — Stake MX & DOT to Earn Yield of SAFEMOOON
The 51st Session of “MX DeFi” Yield Mining is coming! Users can stake MX & DOT to earn liquidity yield of SAFEMOON. The staking period will last for 4 days. Details are as follow:
1. Event starting time: 14:00, April 29, 2021 (UTC+8)
2. Staking period: April 29, 2021 — May 2, 2021 (4 days in total)
3. Staking coins and yield allocation:
MX: no hard cap; a total of 2,700,000,000 SAFEMOON liquidity yield (60% of the yield pool)
DOT: no hard cap; a total of 1,800,000,000 SAFEMOON liquidity yield (40% of the yield pool)
4. Participation method:
Login MEXC website > “MX DeFi” > find relevant product to join
MEXC APP > Homepage > “MX DeFi” > find relevant product to join
5. 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 SAFEMOON, the yield supply of T day is 675,000,000 SAFEMOON 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) * 675,000,000 SAFEMOON = 13,500,000 SAFEMOON
1. Entry standard: 10 MX, 1 DOT respectively
2. If users join staking on T day, he/she can unlock the coin on the T+1 day;
3. The yield is calculated daily and will be distributed to the user’s account on the next day.
(This information is sourced from the internet. Strictly for references only.)
Project Name: SafeMoon (SAFEMOON)
Total Supply: 1,000,000,000,000,000 SAFEMOON
Circulating Supply: 642,807,441,594,934 SAFEMOON
Token Type: BEP-20
Official Website: https://safemoon.net/
Contract Address: https://www.bscscan.com/token/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3
SafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.