MEXC Global Exchange will list Instaraise (INSTA) and Launch the 85th Session “MX DeFi”

Venus
3 min readOct 9, 2021

MEXC Global Exchange will list Instaraise (INSTA) in the Innovation Zone and open trading for the INSTA/USDT trading pair. The specific timeline is shown below.

  • Deposit & Withdrawal: Opened
  • INSTA/USDT Trading: 2021–10–11 10:00 (UTC)

Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.

The 85th Session “MX DeFi” — Stake MX, USDT and INSTA to earn Yield INSTA

Together with INSTA’s listing, MEXC will launch the 85th “MX DeFi’’ Session to enable mining on INSTA tokens from Oct 9th — Oct 12th. Throughout the campaign, users can stake MX, USDT and INSTA to earn liquidity yield on INSTA. The staking period will last 4 days. Details are as follows:

1. Campaign start time: 2021–10–09 10:00 (UTC)

2. Staking period: 2021–10–09 10:00 (UTC) — 2021–10–12 16:00 (UTC)

3. The total yield pool includes 108,000 INSTA tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 64,800 INSTA liquidity yield (60% of the yield pool)

USDT: no hard cap; a total of 21,600 INSTA liquidity yield (20% of the yield pool)

INSTA: no hard cap; a total of 21,600 INSTA 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 INSTA” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine INSTA” 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 INSTA, the yield supply of T day is 16,200 INSTA 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) * 16,200 INSTA = 324 INSTA

Note:

1. Minimum Entry Requirement: 10 MX, 1 USDT and 10 INSTA 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.

Project Details

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

Project Name: Instaraise (INSTA)

Official Website: https://instaraise.io/

Initial Circulating Supply : 3,375,000 INSTA

Block Explorer: https://tzkt.io/KT19y6R8x53uDKiM46ahgguS6Tjqhdj2rSzZ/operations/

Medium: https://medium.com/instaraise-official

Twitter: https://twitter.com/Instaraise

Telegram: https://t.me/Instaraise

Whitepaper Link: https://docs.instaraise.io/

Brief Introduction

Instaraise is a first-ever decentralized Initial DEX Offering ( IDO ) platform built on top of Tezos.

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global will make the 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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