MXC will list LBRY Credits (LBC) in the Innovation Zone and open trading for the LBC/USDT trading pair. The specific timeline is shown below.
- Deposit & Withdrawal: Opened
- LBC/USDT Trading: 18:00 (UTC+8), Jun 9
The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
The 62nd Session "MX DeFi" - Stake MX, TRX and USDT to Earn Yield LBC
Together with LBC's listing, MXC will launch the 62nd "MX DeFi" Session to enable mining on LBC tokens from Jun 7 to Jun 11. Throughout the campaign, users can stake USDT, MX, and TRX to earn liquidity yield on LBC. The staking period will last 5 days. Details as follows:
1. Campaign start time: 15:00 (UTC+8), Jun 7
2. Staking period: Jun 7 to Jun 11
3. The total yield pool includes 500,000 LBC tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 300,000 LBC liquidity yield (60% of the yield pool)
TRX: no hard cap; a total of 100,000 LBC liquidity yield (20% of the yield pool)
USDT: no hard cap; a total of 100,000 LBC liquidity yield (20% of the yield pool)
4. Ways to participate:
a). Through MXC.com: Login into MXC.com > select “MX DeFi” > in the Launchpool, find “Stake to mine LBC” to join
b). Through MXC App: Login through MXC App’s homepage > find “MX DeFi” > find “Stake to mine LBC” 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 stakes 10,000 MX to earn LBC, the yield supply of T day is 60,000 LBC 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) * 60,000 LBC = 1,200 LBC
1. Minimum Entry Requirement: 1 USDT, 10 MX, and 100 TRX respectively respectively;
2. If a user join staking on day T, he/she can unlock the stake token on day T+1;
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: LBRY Credits (LBC)
Official Website: lbry.com
Product Website: odysee.com
Block explorer: explorer.lbry.com
Total Supply: 1,000,000,000 LBC
Whitepaper Link : spec.lbry.com
LBRY does to publishing what Bitcoin did to money! Join top creators and more than 10,000,000 people on LBRY, an open, free, and fair network for digital content.
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 trading on MXC.
The MXC team
Jun 7, 2021