MEXC Will Launch BIT Staking Program

Venus
2 min readOct 21, 2021

To better support the development of the DeFi ecosystem, MEXC Global will be launching BIT Staking Program. Users can earn rewards by staking BIT during the program duration. The details are as follows:

Staking Duration: 2021–10–21 to 2022–01–12

1. Minimum Entry: 1 BIT, no hard cap

2. Est. Annualized Yield Rate: The initial APY is between 5% to 11%; the actual yield will be adjusted daily according to market conditions.

3. Minimum Locking Period: 1 day

4. Yield Distribution: Yield will be distributed after one day of staking

5. Yield Rewards: BIT token rewards

6. Unlocking Terms: Staked tokens will be unlocked after 1 day; Users can choose to unlock at any time after with an unlocking period of 1 day.

7. How to participate?

Via Website: Log on to MEXC’s official website — Click [MX DeFi] — Find [BIT Staking] — Click [Stake]

Via App: On the MEXC’s App homepage — Find [MX DeFi] in the middle bar> Find [BIT Staking] > Click [Stake]

Project Details

(The information is sourced from the internet. Strictly for references only)

Project Name: BitDAO (BIT)

Official Website: https://www.bitdao.io/

Block explorer: https://etherscan.io/token/0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5

Total Supply: 10,000,000,000 BIT

Twitter: https://twitter.com/BitDAO_Official

Telegram: https://t.me/BitDAO_Official

Whitepaper: https://docs.bitdao.io/

Brief Introduction: BitDAO is one of the world’s largest DAOs supported by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit, and more. Bybit has pledged recurring contributions to the BitDAO treasury which at 2021 rates exceeds $1B per year.

Notes:

1. Locked assets are not available for trading, withdrawal or unlocking in advance.

2. MEXC Global reserves the final right to conclude the event after it has launched.

Risk Warning

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.

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