MXC Will List Graphlinq Protocol (GLQ) & Launch the 49th Session of “MX DeFi”
MXC will list Graphlinq Protocol in the Innovation Zone & open trading for GLQ/USDT trading pair. The specific timeline is as shown below:
1.Deposit & Withdrawal: Activated
2.Trading: 20:00, April 19, 2021
Note: Prices may fluctuate greatly for projects listed in Innovation Zone, please be cautious and be aware of hidden risk of delisting.
The 49th Session of “MX DeFi” — Stake USDT, ETH, MX, BTC, KSM to Earn Yield of GLQ
The 49th Session of “MX DeFi” Yield Mining is coming! Users can stake USDT, ETH, MX, BTC & KSM to earn liquidity yield of GLQ. The staking period will last for 4 days. Details are as follow:
1. Event starting time: 20:00, April 18, 2021 (UTC+8)
2. Staking period: April 18, 2021 — April 21, 2021 (4 days in total)
3. Staking coins and yield allocation:
USDT: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)
ETH: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)
MX: no hard cap; a total of 48,000 GLQ liquidity yield (15% of the yield pool)
BTC: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)
KSM: no hard cap; a total of 80,000 GLQ liquidity yield (25% of the yield pool)
4. Participation method:
Login MXC website > “MX DeFi” > find relevant product to join
MXC APP > Homepage > “MX DeFi” > find relevant product 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 stake 10,000 MX to earn GLQ, the yield supply of T day is 12,000 GLQ 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) * 12,000 GLQ = 240 GLQ
1. Entry standard: 1 USDT, 0.01 ETH, 10 MX, 0.001 BTC, 0.1 KSM respectively
2. If users join staking on T day, he/she can unlock the coin on the T+1 day;
3. 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 party. Strictly for references only.)
Project Name: Graphlinq Protocol (GLQ)
Total Supply: 500,000,000 GLQ
Official Website: https://graphlinq.io/
Contract Address: https://etherscan.io/token/0x9f9c8ec3534c3ce16f928381372bfbfbfb9f4d24
Project Brief Introduction
GLQ is the native token for the Graphlinq ecosystem built on top of Ethereum (ERC20). GLQ will be used to run a graph on the platform’s test net or main net to execute different processes over the blockchain to automate tasks, triggering events, and much more. GLQ will have more use cases as the ecosystem grows, as mentioned in Graphlinq’s Documentation.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MXC Exchange will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.