MEXC Exchange will List Drops Ownership Power (DOP) and Launch a Session of “MX DeFi”
MEXC will list Drops Ownership Power (DOP) in the Innovation Zone and open trading for DOP/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- DOP/USDT Trading: 2021–12–02 13:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
To give thanks to the DOP community, the Drops Ownership Power team will launch a session of “MX DeFi’’ to enable mining on DOP tokens from December 2 to December 5. Throughout the campaign, users can stake MX and BIT to earn liquidity yield on DOP. The staking period will last 4 days. Details are as follows:
- Campaign start time: 2021–12–02 13:00 (UTC)
- Staking period: 2021–12–02 13:00–2021–12–05 16:00 (UTC)
The total yield pool includes 24,400 DOP tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 17,080 DOP liquidity yield (70% of the yield pool)
BIT: no hard cap; a total of 7,320 DOP liquidity yield (30% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine DOP” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine DOP” 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 DOP, the yield supply of T day is 4,270 DOP 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) * 4,270 DOP = 85.4 DOP
1. Minimum Entry Requirement: 10 MX and 5 BIT 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.
(This information is provided by the project team. Strictly for references only.)
Project Name: Drops Ownership Power (DOP)
Total Supply: 15,000,000 DOP
Official Website: https://drops.co
Block Explore (ERC-20): https://etherscan.io/token/0x6bb61215298f296c55b19ad842d3df69021da2ef
Project Brief Introduction:
Drops DAO provides loans for NFT and DeFi assets, supplying them with much-needed utility.The protocol uses lending pools that enable any type of NFT asset to be used as collateral — from collectibles and metaverse items, to financial NFTs. Users can leverage their idle NFTs and DeFi tokens to obtain loans and earn extra yield.
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.