MEXC Exchange Will List TrustBase (TBE) & Launch the 55th Session of “MX DeFi”

2 min readMay 18, 2021

MEXC will list TrustBase (TBE) in the Innovation Zone & launch the 55th session of “MX DeFi” on 20:00 (UTC+8), May 18, 2021. Details are as below:

The 55th Session of “MX DeFi” — Stake MX & USDT to Earn Yield of TBE
The 55th Session of “MX DeFi” Yield Mining is coming! Users can stake MX & USDT to earn liquidity yield of TBE. The staking period will last for 7 days. Details are as follow:

1. Event starting time: 20:00, May 18, 2021 (UTC+8)

2. Staking period: May 18, 2021 — May 24, 2021 (7 days in total)

3. Staking coins and yield allocation:

MX: no hard cap; a total of 1,400,000 TBE liquidity yield (70% of the yield pool)

USDT: no hard cap; a total of 600,000 TBE liquidity yield (30% of the yield pool)

4. Participation method:

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 TBE, the yield supply of T day is 200,000 TBE 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) * 200,000 TBE = 4,000 TBE

Note:

1. Entry standard: 10 MX, 1 USDT respectively

2. If users join staking on T day, users 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.

TrustBase (TBE) Will be Listed in the Innovation Zone

Deposit: 18:00, May 18 (UTC+8)

TBE/USDT Trading: 20:00, May 18 (UTC+8)

Note: Prices may fluctuate greatly for projects listed in Innovation Zone, please be cautious of the risks.

Project Details

(This information is provided by project party. Strictly for references only.)

Project Name: TrustBase (TBE)

Official Website: http://trustbase.network/

Medium: https://basetrust.medium.com/

Twitter: https://twitter.com/TrustBase_Net

Telegram: https://t.me/TrustBasenetwork

Whitepaper: https://www.reddit.com/user/TrustBase

Project Introduction:

TrustBase is a Polkadot parachain based on the Substrate framework that independently develops the Subscript smart contract language and supports multiple tool plug-ins and smart contract applications. As an infrastructure project for Polkadot Ecology, Trustbase has received a Web3 Foundation Grant.

Risk Warning

Cryptocurrency investment is subjected to high market risk. Please make your investments cautiously. MEXC Exchange will make the best efforts to choose high-quality tokens, but will not be responsible for your investment losses.

MEXC Exchange Will List TrustBase (TBE) & Launch the 55th Session of “MX DeFi”

Written by Venus