MXC will list Radix (eXRD) on the Innovation Zone and open trading for the eXRD/USDT trading pair at 22:00 (UTC+8), March 24th, 2021. MXC will launch the 42nd session of "MX DeFi" on March 22nd and will last 4 days until March 25th.
Details are as follows:
The 42nd “MX DeFi” Session: Stake BTC, ETH, DOT, MX to Earn Yield eXRD
Together with eXRD’s listing, MXC will launch the 42nd “MX DeFi” Session to enable mining of eXRD tokens from March 22nd to March 25th. Throughout the campaign, users can stake BTC, ETH, DOT, MX to earn liquidity yield on eXRD.
Campaign start time: 14:00 (UTC+8), March 22nd, 2021
Staking period: March 22nd - March 25th (4 days in total)
The total yield pool includes 190,000 eXRD tokens. Hard cap and allocation details to each staking crypto asset are as follows:
a). DOT: no hard cap; a total of 47,500 eXRD liquidity yield (25% of the yield pool)
b). MX: no hard cap; a total of 38,000 eXRD liquidity yield (20% of the yield pool)
c). BTC: no hard cap; a total of 47,500 eXRD liquidity yield (25% of the yield pool)
d). ETH: no hard cap; a total of 57,000 eXRD liquidity yield (30% of the yield pool)
Ways to participate:
a). Through MXC.com: Login to MXC.com > select “MX DeFi” > in the Launchpool, find “Stake to mine eXRD” to join
b). Through MXC App: Login through MXC App’s homepage > find “MX DeFi” > find “Stake to mine eXRD” to join
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 eXRD, the yield supply of T day is 9,500 eXRD 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) * 9,500 eXRD = 190 eXRD
- Minimum Entry Requirement: 0.001 BTC, 10 MX, 0.01 ETH, 0.1 DOT respectively
- If a user join staking on day T, he/she can unlock the stake token on day T+1;
- The yield is calculated daily, and will be distributed to the user's account on the next day.
Radix (eXRD) Will be Listed on Innovation Zone
- Deposit & Withdrawal: opened
- eXRD/USDT Trading: 22:00 (UTC+8), March 24th, 2021
The price may fluctuate greatly for projects on the Innovation Zone, please be cautious of the risks.
(The information is provided by the project party. It is for reference only.)
Project Name: Radix (eXRD)
Official website: https://www.radixdlt.com
Blockchain Explorer: https://etherscan.io/token/0x6468e79A80C0eaB0F9A2B574c8d5bC374Af59414
Total Market Circulation: 157 million USD Market Cap
Based on ERC20: Yes
Radix (eXRD) focuses on building a Layer 1 platform for decentralized finance. Its core technology can solve the four basic challenges of the current blockchain, namely: achieving global scalability while maintaining security and decentralization, and maintaining the composability of the entire platform.
Radix uses their own significant technology innovations to be the first layer 1 protocol specifically built to serve the rapidly growing DeFi industry.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MXC Exchange will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses.
Find us on:
MXC trading: https://t.me/MXCtrade
Enjoy your trades on MXC.
The MXC team
March 22, 2021