MEXC Will List Avalaunch (XAVA) and Launch the 78th Session "MX DeFi"

Dear users,

MEXC will list Avalaunch (XAVA) in the Innovation Zone and open trading for the XAVA/USDT trading pair. The specific timeline is shown below.

Deposit & Withdrawal: Opened
XAVA/USDT Trading: 2021-08-27 06:00 (UTC)

Note:

The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.

The 78th Session "MX DeFi" - Stake MX, USDT and TRX to Earn Yield XAVA

Together with XAVA’s listing, MEXC will launch the 78th "MX DeFi'' Session to enable mining on XAVA tokens from August 26 to August 28. Throughout the campaign, users can stake MX, USDT and TRX to earn liquidity yield on XAVA. The staking period will last 3 days. Details are as follows:

1. Campaign start time: 2021-08-26 11:00 (UTC)

2. Staking period: 2021-08-26 11:00 (UTC) - 2021-08-28 15:00 (UTC)

3. The total yield pool includes 5,000 XAVA tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 3,000 XAVA liquidity yield (60% of the yield pool)

USDT: no hard cap; a total of 1,000 XAVA liquidity yield (20% of the yield pool)

TRX: no hard cap; a total of 1,000 XAVA liquidity yield (20% of the yield pool)

4. Ways to participate:

a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine XAVA” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine XAVA” 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 XAVA, the yield supply of T day is 1,000 XAVA 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) * 1,000 XAVA = 20 XAVA

Note:

1. Minimum Entry Requirement: 10 MX, 1 USDT and 100 TRX 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.

Project Details

(This information is provided by the project party. Strictly for references only.)

Project Name: Avalaunch (XAVA)

Official Website: avalaunch.app

Block Explorer: https://cchain.explorer.avax.network/address/0xd1c3f94DE7e5B45fa4eDBBA472491a9f4B166FC4/

Total Supply: 100,000,000 XAVA

Twitter: https://twitter.com/AvalaunchApp

Telegram: https://t.me/avalaunch_app

Medium: https://medium.com/avalaunch

Brief Introduction:

Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With its values deeply rooted in the early Avalanche community, we are able to offer projects confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem.

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global will make the best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

Find us on:

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Enjoy trading on MEXC.

The MEXC team