MEXC Global Exchange Will Launch the 76th Session “MX DeFi” with Formation FI (FORM)

MEXC will launch the 76th “MX DeFi” Session to enable mining on FORM tokens from August 13 to August 15. Throughout the campaign, users can stake MX, USDT and TRX to earn liquidity yield on FORM. The staking period will last 3 days. Details are as follows:

1. Campaign start time: 2021–08–13 03:00 (UTC)

2. Staking period: August 13 — August 15

3. The total yield pool includes 65,000 FORM tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 39,000 FORM liquidity yield (60% of the yield pool)

USDT: no hard cap; a total of 13,000 FORM liquidity yield (20% of the yield pool)

TRX: no hard cap; a total of 13,000 FORM liquidity yield (20% of the yield pool)

4. Ways to participate:

a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine FORM” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine FORM” 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 FORM, the yield supply of T day is 13,000 FORM 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) * 13,000 FORM = 260 FORM

Note:

1. Minimum Entry Requirement: 10 MX, 1 USDT and 100 TRX respectively respectively;

2. If a user join staking on day T, he/she can unlock the stake token on day T+1;

3. 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.

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