MXC will list HooToken (HOO)on the Innovation board and open trading for HOO/USDT trading pair at 15:00(UTC+8), March 2nd. And MXC will launch the 33rd session "MX DeFi" on March 1st. The details are as follows.
The 33rd Session "MX DeFi" - Stake USDT, MX, BTC to Earn Yield of HooToken (HOO)
The 33rd session of "MX DeFi" Yield Mining is coming. Users can stake USDT, MX, BTC to earn liquidity yield of HooToken (HOO). The staking period will last 7 days. The details are as follow:
1. Activity starting time: 15:00, March 1st(UTC+8), 2021
2. Staking period: March 1st - March 7th (7 days in total)
3. Staking coins and yield allocation:
MX: no hard cap; a total of 37,500 HOO liquidity yield (30% of the yield pool)
USDT: no hard cap; a total of 62,500 HOO liquidity yield (50% of the yield pool)
BTC: no hard cap; a total of 25,000 HOO 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 HOO, the yield supply of T day is 5358 HOO 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) * 5358 HOO = 107.16 HOO
1. Entry standard: 1 USDT, 0.001 BTC, 10 MX 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 user's account on the next day.
HooToken (HOO) Will be Listed on Innovation Board
1.Deposit & Withdrawal: opened
2. Trading: 15:00 (UTC+8), March 2nd
Note: The price may move greatly for projects on Innovation Board, please be cautious of the risks.
(The information is provided by the project party. It is for reference only.)
Project Name: HooToken (HOO)
Official Website: https://hoo.com/
Total Supply: 100,000,000
HOO ToKen is the platform token of the whole ecosystem Hoo Exchange. HOO, as the platform token of HooSwap ecosystem, will be applied to several scenarios, such as using HOO to offset the trading fees with a discount of up to 50%. A certain percentage of 20% of the platform transaction fee revenue will be used to buy back HOO and burn them regularly. Large amount holders of HOO can participate in the platform's super node program and enjoy the corresponding benefits and power while growing with the platform. In the future, the platform token rights will correspond to the platform VIP rights, and the holders of HOO will enjoy the VIP benefits of the platform's whole ecological products and other scenarios.
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.