MEXC Global Exchange Lists Smile Coin (SMILE) and Launch the 84th Session “MX DeFi”
MEXC Global Exchange lists Smile Coin (SMILE) in the Innovation Zone and open trading for SMILE/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- SMILE/USDT Trading: 2021–09–21 13:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
The 84th Session “MX DeFi” — Stake MX, USDT & TRX to Earn Yield SMILE
Together with SMILE’s listing, MEXC will launch the 84th “MX DeFi’’ Session to enable mining on SMILE tokens from September 20 to September 23. Throughout the campaign, users can stake MX, USDT and TRX to earn liquidity yield on SMILE. The staking period will last 4 days. Details are as follows:
- Campaign start time: 2021–09–20 13:00 (UTC)
- Staking period: 2021–09–20 13:00 to 2021–09–23 16:00 (UTC)
- The total yield pool includes 1,700,000 SMILE tokens.
Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 1,020,000 SMILE liquidity yield (60% of the yield pool)
USDT: no hard cap; a total of 340,000 SMILE liquidity yield (20% of the yield pool)
TRX: no hard cap; a total of 340,000 SMILE liquidity yield (20% of the yield pool)
- Ways to participate:
a). Through MEXC.com: Log on to MEXC’s official website > Select [Finance — MX DeFi] — Look for “Stake to mine SMILE” to join
b). Through MEXC App: On MEXC’s app homepage — Find [MX DeFi] on the middle bar — Look for “Stake to mine SMILE” 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 SMILE, the yield supply of T day is 255,000 SMILE 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) * 255,000 SMILE = 5,100 SMILE
- Minimum Entry Requirement: 10 MX, 1 USDT and 100 TRX respectively;
- If a user joins staking on day T, he/she can unlock the staked token on day T+1;
- 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: Smile Coin (SMILE)
Max Supply: 10,000,000,000 SMILE
Token Type: Algorand
Official Website: https://smilecoin.us/
Blockchain Explorer: https://algoexplorer.io/asset/300208676
Project Brief Introduction
Smile Coin wallet is a currency-agnostic, fast, and decentralized payment protocol for gaming companies to process payments, deposits, and withdrawals in major global currencies to seamlessly participate in any jurisdiction.
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.