MEXC will list PL^Gnet (PLUG) in the Innovation Zone and open trading for the PLUG/USDT trading pair. The specific timeline is shown below.
- Deposit & Withdrawal: Opened
- PLUG/USDT Trading: 02:00, June 25, 2021 (UTC)
The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
The 65th Session "MX DeFi" - Stake MX, USDT and TRX to Earn Yield PLUG
Together with PLUG's listing, MEXC will launch the 65th "MX DeFi" Session to enable mining on PLUG tokens from Jun 24 to Jun 26. Throughout the campaign, users can stake MX, USDT and TRX to earn liquidity yield on PLUG. The staking period will last 3 days. Details are as follows:
1. Campaign start time: 12:00, June 24, 2021 (UTC)
2. Staking period: June 24 to June 26
3. The total yield pool includes 1,800,000 PLUG tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 1,080,000 PLUG liquidity yield (60% of the yield pool)
USDT: no hard cap; a total of 360,000 PLUG liquidity yield (20% of the yield pool)
TRX: no hard cap; a total of 360,000 PLUG liquidity yield (20% of the yield pool)
4. Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “MX DeFi”> find “Stake to mine PLUG” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine PLUG” 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 PLUG, the yield supply of T day is 324,000 PLUG 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) * 324,000 PLUG = 6,480 PLUG
1. Minimum Entry Requirement: 10 MX, 1 USDT 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: PL^Gnet (PLUG)
Official Website: https://plugdefi.io/
Total Supply: 10,000,000,000 PLUG
Advanced Multi-Chain Synthetic Assets Protocol. A network to enable asset custodians to leverage any asset from any network in its synthetic form.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses.
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The MEXC team
June 24, 2021