MXC will list Mimosa (MIMO) on the Innovation board and open trading for MIMO/USDT trading pair at 17:00(UTC+8), March 3rd. And MXC will launch the 34th session "MX DeFi" on March 2nd. The details are as follows.
The 34th Session "MX DeFi" - Stake USDT, MX, BTC, ETH to Earn Yield of Mimosa (MIMO)
The 34th session of "MX DeFi" Yield Mining is coming. Users can stake USDT, MX, BTC, ETH to earn liquidity yield of Mimosa (MIMO). The staking period will last 6 days. The details are as follow:
1. Activity starting time: 15:00, March 2nd (UTC+8), 2021
2. Staking period: March 2nd - March 7th (6 days in total)
3. Staking coins and yield allocation:
USDT: no hard cap; a total of 19,200 MIMO liquidity yield (40% of the yield pool)
MX: no hard cap; a total of 9,600 MIMO liquidity yield (20% of the yield pool)
BTC: no hard cap; a total of 9,600 MIMO liquidity yield (20% of the yield pool)
ETH: no hard cap; a total of 9,600 MIMO liquidity yield (20% 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
4. 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 MIMO, the yield supply of T day is 1600 MIMO 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) * 1600 MIMO = 32 MIMO
1. Entry standard: 1 USDT, 0.001 BTC, 10 MX, 0.01 ETH respectively
2. If a users join staking on T day, he/she can unlocking 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.
Mimosa (MIMO) Will be Listed on Innovation Board
1.Deposit & Withdrawal: Opened
2. Trading: 17:00 (UTC+8), March 3rd
1.The price may move greatly for projects on Innovation Board, please be cautious of the risks.
2.The project is a deflationary token, 5% of the total transfer amount will be burnt when MIMO is transferred on the chain. For example, if you deposit 100 MIMO, and 95 MIMO will actually be received.
(The information is provided by the project party. It is for reference only.)
Project Name: Mimosa (MIMO)
Official Website: http://mimosa.finance
Total Supply: 16,000,000
Secondary market price: 4.05 USDT (as of 16:00 on March 1, 2021, UTC+8)
Mimosa is a permanent deflationary encrypted asset, called Shy Coin in Chinese. With the
continuous implementation of quantitative easing strategies in the world, inflation has
intensified, bringing problems to the economic structure, international trade and people's
livelihood. As a kind of safe-haven asset, encrypted asset has played an important role in the
global economy and politics. However, with the emergence of more and more new tokens with
inflationary models in the crypto asset industry, investors in the crypto secondary market are
under growing pressure. Therefore, people need a new token with a deflationary model that can become a unicorn for the next generation. PS: 5% of the total transfer amount will be burnt when MIMO is transferred on the chain.
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.