MEXC Exchange will List Covid Doge (COVIDDOGE) and Launch the “MX DeFi” Session
MEXC Exchange will list Covid Doge in the Assessment Zone and open trading for the COVIDDOGE/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- COVIDDOGE/USDT Trading: 2022–03–11 14:00 (UTC)
*Note: Prices may fluctuate greatly for projects listed in the Assessment Zone, please be cautious and be aware of hidden risks of delisting.
MEXC on COVIDDOGE Tokenomics:
According to the tokenomics of COVIDDOGE, 12% of each COVIDDOGE on-chain transfer will be charged. Therefore, the actual on-chain deposit amount to MEXC will be 88% of the initial deposit amount.
To give thanks to the Covid Doge community, the Covid Doge team will launch a session of “MX DeFi’’ to enable mining on COVIDDOGE tokens from March 11 to March 13. Throughout the campaign, users can stake MX and COVIDDOGE to earn liquidity yield on COVIDDOGE. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022–03–11 14:00 (UTC)
- Staking period: 2022–03–11 14:00–2022–03–13 16:00 (UTC)
The total yield pool includes 723,200 COVIDDOGE tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 578,560 COVIDDOGE liquidity yield (80% of the yield pool)
COVIDDOGE: no hard cap; a total of 144,640 COVIDDOGE 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 COVIDDOGE ” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine COVIDDOGE ” 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 stake 10,000 MX to earn COVIDDOGE, the yield supply of T day is 192,853 COVIDDOGE 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) * 192,853 COVIDDOGE = 3,857 COVIDDOGE
(This information is provided by the project team. Strictly for references only.)
Project Name: Covid Doge (COVIDDOGE)
Max Supply: 20,220,000 COVIDDOGE
Official Website: https://www.coviddoge.com/
Block Explorer (BSC):
Project Brief Introduction:
The COVID-19 pandemic is the greatest health crisis of our time. It has killed more than 5 million people, destroyed livelihoods and shut down entire economies. We are thinking about whether we can do our contribution to fight COVID-19, after weeks of careful discussions, we decided to launch a cryptocurrency that belongs to COVID-19 and donate all the proceeds to the world For all those who need supplies, the name of this cryptocurrency is: COVID Doge
- Minimum Entry Requirement: 10 MX and 200 COVIDDOGE 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.
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.