MEXC Global Exchange launches the 87th Session “MX DeFi” with TomoFinance (TFI)
To give thanks to the TFI community, MEXC Global Exchange launches the 87th “MX DeFi’’ Session to enable mining on TFI tokens from October 25 to October 29. Throughout the campaign, users can stake MX and TFI to earn liquidity yield on TFI. The staking period will last 5 days. Details are as follows:
1. Campaign start time: 2021–10–25 02:00 (UTC)
2. Staking period: 2021–10–25 02:00–2021–10–29 16:00 (UTC)
3. The total yield pool includes 500,000 TFI tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 350,000 TFI liquidity yield (70% of the yield pool)
TFI: no hard cap; a total of 150,000 TFI liquidity yield (30% of the yield pool)
4. Ways to participate:
a). Through MEXC.com: Login into www.mexc.com > select “Finance” > “MX DeFi” > find “Stake to mine TFI” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine TFI” 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 stakes 10,000 MX to earn TFI, the yield supply of T day is 70,000 TFI 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) * 70,000 TFI = 1,400 TFI
Note:
- Minimum Entry Requirement: 10 MX and 10 TFI 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.
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.
